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1901  Economy / Gambling / Re: ▂▃▅▆█ BITSLER █▆▅▃▂🎁NEW UPDATE★★★50% REFERRAL COMMISSION★★★🎁 on: May 13, 2018, 01:43:11 PM
I just gave an honest positive review of site, which I think others should try too. Hope you guys are not confusing my review as otherwise. Of course, faucet is for testing, getting your feet wet. And I am not suggesting using faucet for profits either.

unfortunately there has been a lot of faucet abuses in any dice site that offers them by people who are usually known as "faucet farmers". this is why whenever someone talks about faucets the first thing everyone thinks about are these abusers! .... don't take it personally.
1902  Economy / Speculation / Re: Is there any chance to fall down BTC price at 5k again? on: May 13, 2018, 12:26:19 PM
We are all hoping for that,

it all comes down to this little statement here!
there is demand for bitcoin and no matter how much panic sell exists and how much the whales manipulate things, this demand is not going anywhere. and because of that the price is not going to such low prices that easily. people want to buy lower and lower, if you tell them $5k they want to buy at $4k and in reality they will buy at $8.5k when there is a little drop and that makes it harder to go lower.
1903  Economy / Speculation / Re: Bitcoin vs Berkshire who has more gains? on: May 13, 2018, 11:50:36 AM
why do you even compare the gains of these two? when it comes down to what they are, they have nothing in common. bitcoin is the one and only decentralized currency that you can even call a revolution and it is a global thing which everyone from anywhere in the whole world can buy it and use it and own it. but Berkshire is a stock with a billionaire behind it who controls everything there is about its future and its price!
1904  Alternate cryptocurrencies / Speculation (Altcoins) / Re: market analysis or fortune capital ... !! ?? on: May 13, 2018, 11:32:24 AM
why every trading I always lose. his coin's endurance for weeks went down, when I sold it, the price went up.

you need to provide a lot more information than this if you want a proper answer. otherwise I have to guess an my guess based on what I have seen from new traders is that you are not "trading" you are "gambling". this means you never buy something because you analyzed and came to a logical conclusion that it will rise, instead you buy something because you felt it may go up based on your gut!  and well that is the definition of gambling. the result is that you sometimes make some profit and sometimes lose where the losing part is the dominant part.

solution? start learning how to trade and stop trying to guess the market randomly. start learning about things that affect it.
1905  Bitcoin / Bitcoin Discussion / Re: Australian Government's cash ban on: May 13, 2018, 11:20:35 AM
[...]
It always funny how governments never think it all the way through. What business that still want to use cash will do is simply split the transactions up into smaller units. If someone pays $25k they'll just put it through the books as $8k, $9k and $8K in three separate transactions.

whenever I read about how some government took some actions because of some arbitrary reason the first thing that I think of is that there is some other reason that we don't know and may not know for a long time. they say they did it for preventing crimes such as tax evasion, money laundering and criminal acts but the reality is always something else.
1906  Bitcoin / Bitcoin Discussion / Re: Australian Government's cash ban on: May 13, 2018, 11:03:11 AM
Did you read about it?
The reason of this is:

“Cash provides an easy, anonymous and largely untraceable mechanism for conducting black economy activity,” the response said.
“Cash payments make it easier to under-report income and avoid tax obligations. This allows businesses transacting in cash to undercut competitors and gain a competitive advantage.”

So this government probably will ban crypto/bitcoin too, because this features like untraceable and anonymous payment is better on cryptos than cash.

Except, Bitcoin and most Cryptocurrency can be traced easily and de-anonymous is easy when user's Bitcoin visit through centralized exchange service. Even mixers don't help much since Blockchain's analyzer such as Chainalysis could trace few mixed Bitcoin just by see transaction pattern.

No they can't. Of course there is no bullet proof way of mixing coins but their claims at tracking are exaggerated.

then it is a matter of who they are trying to catch.
if it is to make tax evasion harder and make it impossible for regular users to do it then they won't ban bitcoin because average Joe is not going to use bitcoin anyways and if they do they won't use a mixer.
if they are trying to catch real big tax evaders then banning cash, bitcoin,... is just a dumb move! because those who know how to do it will continue doing it without regards to these bans. they are not using either of these to launder their money and evade taxes,....
1907  Bitcoin / Bitcoin Discussion / Re: This is a good time to switch off from the crypto market on: May 13, 2018, 10:58:36 AM
first of all 99% of the people on Youtube are full of shit most of the time. they are a bunch of people who have found a niche and now are making a lot of video about it and trying to make some money from doing so. there is not much value to things they say.

secondly the current market for bitcoin at least is the best time to start buying bitcoin cheaper. you can always reduce the risks you are taking by investing smaller amounts and also you can always stay out and watch closely to buy in the real dips. but staying completely out is just not good.
1908  Bitcoin / Bitcoin Discussion / Re: Buy and Hold vs. Market Timing : Which is Better? on: May 13, 2018, 09:37:27 AM
both at the same time is best suited for most cases in my experience.
you buy some amount of bitcoin that you can afford to lose. lets say you buy 1BTC. you hold this amount as your long term investment but at the same time you can do trading with a smaller amount and because trading (or short term investments) are always riskier you choose a smaller portion of it. lets say 0.1BTC. this way you have your long term investment and also you increase it little by little by trading on the side.
1909  Economy / Trading Discussion / Re: Where the whole market headed ? on: May 12, 2018, 08:54:28 AM
some fluctuations are normal in any market and this current trend is a normal transition phase between two different market types. you can never expect price to just reverse up and go back to bull market always-rising in a short while. there are still bears that don't want the price to rise and they are going against the market now and crashing the price down consistently.
but the trend will reverse eventually because you can never swim against the current forever the current (which is the market trend) will always carry you with it.
1910  Economy / Speculation / Re: Mt. Gox cold wallet moves 8200 BTC. Might this be the cause of the latest crash? on: May 12, 2018, 07:54:15 AM
The original movement Mt. Gox funds are thought to have kicked off the bear market starting in January of this year.

any kind of dump whether big or small can never cause a bear market. it can only cause a drop and drops are temporarily decrease in price not a continues tendency to go lower and lower (aka a bear market).
not to mention that the sells started long before the bear market or before any significant drops even! this whole thing about Mt Gox trustee and the bear market and all the rest of the panics that follow are silliest reactions that the market is showing these days. it is exactly the same as last year when they said "China banned bitcoin" and price dropped 4 times and then the same as each time they said "bitcoin will split and die" and price dropped a couple of times! it is FUD, nothing else.
1911  Bitcoin / Bitcoin Discussion / Re: Who is the Mt Gox trustee selling for? on: May 12, 2018, 07:30:11 AM
maybe they are paying him to just "move the coins" around from one pocket to another so that they can cause this panic we have witnessed recently. there surely is a lot of profit to cause such panics in the market you can see the drop is about 10%, imagine if you could make 10% profit in a couple of days on a large amount of money as a whale just by causing this little show, wouldn't you do it too?
1912  Economy / Speculation / Re: These drops are very bad for newbies and new investers! on: May 12, 2018, 07:16:43 AM
Most of us have been here many times and see it as a good opportunity to buy more.
But I think the volatility is scaring new investors and can potential kill crypto in the long run.

you are right about the "scaring new investors" but you are wrong about "killing crypto". bitcoin has real usages and because of that it will remain strong and lively, more and more every day. the market is not only filled with scared newbies. it also consists of experts who understand the real potential of bitcoin who will continue to buy it as the newbies are running way, they actually benefit from their panic.
1913  Bitcoin / Bitcoin Discussion / Re: Bitcoin in business industry on: May 12, 2018, 06:58:36 AM
I am wondering if there's a huge probability of bitcoin investing will become a company's focus. Like making a company that specializes investing of bitcoins

Any thoughts? Smiley

if there is enough demand for it then it will become a thing! it is like this for any other business that you can think of.

an investment company is a terrible idea and I will never use it because I find it silly and risky but that is just me, there are people who are seeking the "lazy ways" and they might want to look into stuff like that  but remember that a company like that needs to be 200% legit for people to begin to trust it otherwise they will not merrily hand over their money to some stranger with something that he calls "company".
1914  Economy / Trading Discussion / Re: Arbitrage on crypto-currency exchanges: basic schemes! on: May 09, 2018, 11:13:16 AM
arbitrage is always working in theory but when it comes to practice it fails. foe example in the example you included here you are intentionally changing the numbers so that your calculations show profit. in reality what happens is that first of all the profit is nowhere near that big ($40 in $1000 is 4% you would be lucky with less than 1%), it usually is $1 in $1000 and the risk doesn't justify the small reward.
second thing that happens is that the market is too active specially when there are lots of bots actively looking at the price. it is not just the arbitrage bots but normal ones keeping an eye on other prices like bitcoin price to take action in the altcoin market. for example if bitcoin went down they will automatically dump their altcoin because they know it will go down with a little delay so they want to be first.

1) Include 1,000 dollars on the stock exchange.
2) Buy buy them 1428XRP.
3) For 1428XRP you are buying 142EOS.
4) You change 142EOS to 1040 dollars.
5) Profit - 40 dollars.
1915  Economy / Trading Discussion / Re: BTC at its previous resistant. What will happen ? on: May 09, 2018, 11:03:35 AM
Currently if you take a look at the BTC weekly chart you will see that the price of BTC is at its one of previous resistant level. And we have 3 price rejection signs too. What will hapen next ?. Will BTC go down again ?.

what rejection signs are these, I have no idea. please elaborate.

what we have bitcoin that is still above its previous "buy support" not resistance. and it has a while to go before it reaches that bottom again. that support line is currently at $8800.
and if you look closer at the charts you can see this buy support has always been very strong and is slowly rising up too which shows people are losing faith in price going that low so they place their orders higher each time price is headed that way. it started at $8500 then $8600-$8700 and now it is at $8800-$8900 you can see after testing the bottom price JUMPED back up to $9200 because of all the buys.

in other words people are short term trading bitcoin, buying at that bottom and selling near $10k. that is why we have this weird ass sideways trend.
this WAS the going down. now it is time to go back up and test 10k again.
1916  Bitcoin / Bitcoin Discussion / Re: Can we remove @Bitcoin on twitter on: May 09, 2018, 10:13:04 AM
I think we can but in order to do it we need to force Twitter to take a look at the propaganda machine behind that twitter account and be forced to take some actions against it.
it is a tough thing to do though. we may need to start a petition campaign to force their hands. it may take a while and a lot of effort but it is something necessary that must be done. it may not be obvious to some people like Twitter team but this account is in fact scamming people.
1917  Economy / Speculation / Re: Not a good time to buy, according to this source on: May 09, 2018, 08:07:03 AM
we had a bull market last year then a huge bear market this year that lasted about 4 months and during that time price dropped nearly 70%. then this bear market also ended and now we are in between two market trends heading towards a bull market now.
with that said now is the best time to buy bitcoin. and there is nothing different about the risks of investing in bitcoin, it is still risky but you have a lower risk if you buy when the rise is coming.
1918  Bitcoin / Bitcoin Discussion / Re: Lightning Network - An attempt to take the fees from miners? on: May 09, 2018, 06:38:54 AM
I wish all Bitcoin h0lders could earn from network transactions and fees to be honest. Miners and big whales are the ones that benefit most from holding Bitcoin. Can you imagine if there was this idea that if we held Bitcoin we would earn a portion of the network transactions we would all benefit from the fees. So many new holders would invest in Bitcoin, but of course Bitcoin now has lost it's currency for the people feel.

it already exists and it is called Proof of Stake and it is a flawed way of distributing coins in my opinion because it is basically saying the rich should get richer and do that by performing nothing. basically sitting around and increasing their wealth.
with bitcoin and it s Proof of Work they have to invest and work to get paid! that is a much better design.

Proof of Stake Flaw was fixed by zeitcoin, by moving to an Ultra Low Inflation rate of .0005% per year.
This removed your rich getting richer flaw.  Smiley
All Proof of Stake Coins, act as Full Nodes distributing the ledger and processing transactions by staking.

Bitcoin has yet to fix the ever increasing Proof of Work input costs require to run the network.
At some point, if the price of the coin decreases below production cost, the miners shut down and the network freezes.

Proof of Stake Energy Efficiently protects it from that scenario.

if I were creating grains of sand but 1 grain per year that can not be called "low inflation" your beloved useless coin has already billions of coins in circulation and then "slowed down" the creation of it. it is already inflated.
not to mention that it used to (to use your own words) waste energy and be mined using PoW when that billions of coins were being mined in a very short period of time (3-4 months).
your coin is screaming flawed and its price of 2 satoshi is proving that!
1919  Bitcoin / Bitcoin Discussion / Re: Facebook is launching a new team dedicated to the blockchain. on: May 09, 2018, 06:27:55 AM
do I smell ICO? I think I do... it is a lot of money. millions raised by some much shittier ICOs so why not Facebook? they haven't been blind to it all, they know what is going on and they want a piece of it for themselves.

but I agree that it is all going to be good for bitcoin at the end. all of these hypes are actually introducing people to the original, better, decentralized thing which started it all and is still the strongest: bitcoin.
it is like Venezuela. they created El Petro with a big ICO and started hyping it up and teaching people about blockchain technology. in the end the amount of money invested in bitcoin increased 200% in Venezuela!
1920  Bitcoin / Bitcoin Discussion / Re: Lightning Network - An attempt to take the fees from miners? on: May 09, 2018, 06:20:00 AM
I wish all Bitcoin h0lders could earn from network transactions and fees to be honest. Miners and big whales are the ones that benefit most from holding Bitcoin. Can you imagine if there was this idea that if we held Bitcoin we would earn a portion of the network transactions we would all benefit from the fees. So many new holders would invest in Bitcoin, but of course Bitcoin now has lost it's currency for the people feel.

it already exists and it is called Proof of Stake and it is a flawed way of distributing coins in my opinion because it is basically saying the rich should get richer and do that by performing nothing. basically sitting around and increasing their wealth.
with bitcoin and it s Proof of Work they have to invest and work to get paid! that is a much better design.

I think without the updates the fees would have just killed off bitcoin. Especially when you are paying $60 dollars to send a dollar which is how bad it got at some points in summer. This is a very interesting perspective I have to admit. Wasn't satoshi original idea to have bitcoin as a means of payment though?

yes but you can never prevent attackers from attacking you. it is like owning a website and getting DDoS'ed. you can't prevent people from DDoSing you, all you can do is fight it. and fighting spam attacks against bitcoin (which caused the huge fee rise) is done by having a limited block size and a fee market.
it is a war, no matter what you do, they will find a way to attack you. so you always need to continue fighting.
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