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1621  Economy / Economics / Re: George Soros' Theory of Reflexivity and Bitcoin on: December 25, 2015, 09:31:48 PM
Yes. In a simple form. A rising XBT:USD price attracts more users. New users bid up the price, attracting even more new users. This has happened several times since 2010, resulting in large new waves of users each time.

That's is just a simple speculative demand for bitcoin. Applicable to most investments.

Bitcoin's integration with credit markets should allow for a new form of reflexivity. A smaller number of users can now use leverage to control a disproportionately large amount of bitcoin. Borrowing money to buy bitcoin will increase the value of bitcoin, which will allow bitcoin holders to borrow even more bitcoin. This reflexive phenomenon has been largely absent from  previous bitcoin bubbles (although Bitfinex allowed a small amount of lending in November 2013 and a few people borrowed against their cars and houses).

Bitcoin market capital is very small relative to wall street players. They probably don't need to borrow to speculate, and there are many other vehicles to do so. They can speculate on the success of bitcoin with their share holdings in bitcoin startups. They can speculate by shorting corporations which bitcoin can "kill".

It should be very interesting to see how this enhanced reflexivity from credit markets on exchanges will influence the next bull market.

Yes, what I would like to see is derivatives to allow investors to cover bitcoin on the downtrend. It may sound pessimistic, I believe it's a beneficial investment tool to reduce the volatility of Bitcoin.
I'm just wondering what are the corporations bitcoin can " kill" if it becomes widespread. My first thought was western union and the other similar money sending booking systems (including paypal maybe) but maybe the major card issuer companies (mastercard visa etc) can also have difficulties because of the new payment method
Banks won't be affected as long as bitcoin won't have some lending system that can handle fraudulent users but this is only my opinion
1622  Economy / Gambling discussion / Re: Is there a difference between buying shares in the stock exchange and gambling? on: December 24, 2015, 11:32:13 PM
The stock exchange has no house edge. Economics is the house. And If you know how to economics? Then you know how to earn. Economics is predictable, and if you earn enough money, you can manipulate the market. Just do your research.
To manipulate the market in the end you have to manipulate the customers, but I think if something is not 100% sure that the manipulation is working, you can lose more after. It can be a key point that different market sizes needs different amount to manipulate,e.g. you won't manipulate NYSE but on smaller sub markets maybe it is possible if you have the necessary funds.
1623  Economy / Gambling discussion / Re: Is their any safe methods to gamble? on: December 24, 2015, 11:22:27 PM
The best think what you can do not playing it. If you are a type of person that just be so addicted to it.
For me the safest o play gambling is bet little amounts or just play it slow. Because with that I can just learn the patterns.
It's OK to play slowly and to play with small amounts, but what are the patterns you can learn? Which is the game you can use patterns to learn and you can really use them later on while playing real bets and bitcoins?
1624  Economy / Gambling discussion / Re: How much can you earn with gambling? on: December 24, 2015, 11:12:27 PM
If you have skills and stick to skill based games like poker and blackjack then you can make lot of money by gambling otherwise the story will be different to this.
Do you need some strategy to manage your bankroll and minimize the loss in conne tion with these skill based games too, or if you are good enough to play them it works most of the time and you win regurarly?
1625  Economy / Economics / Re: Holdings of gold vs Holdings of btc on: December 24, 2015, 10:21:32 PM
Holding golds is a bit risky because you should hold them physically somewhere.
And requires a safe place, but bitcoin is something "virtual" and it does not require expensive equipment (hardware wallets)
You can hire a safe in a commercial banks' trezor if you want to store phisical gold. The monthly fee is less than your internet service fee which is necessary for bitcoin. They even have some extra size safe if you have that kind of amount in gold.
If you store a kind of amount in bitcoin, the safe can be necessary as well (depends on the amount) in order to store your bitcoins in a paper wallet or hardware wallet if you want them to be at a safe place. Basically the monthly fees are similar, it's all about the risks that decides
1626  Economy / Economics / Re: Passive Income on: December 24, 2015, 10:02:55 PM
I don't have any passive income at the moment but i would like to have.
Many people count referal as passive income and this is what most of the people want to reach.
Is passive income holding the bitcoin for a long time, passive but not guaranteed that i will earn.

Have you not read what everyone has said on this topic. There is no such thing as passive income. For example if you make a dice website, you have to spend time making it, only then can you make some kind of income.

But if your dice site is already established and you have the capabilities to hire a site manager then you would have that 'passive income.'
If you can hire a site manager, who does all the daily routine instead of yourself is still not a kind of real passive income. If site manager addresses a problem, you have to think about it yourself. It's an investment, the only difference is that it doesn't need personal appearance so can be managed from e.g. home as well. A kind of passive income is like copyright connected incomes, like you write a book or a song once and after you get your income periodically without further action needed.
1627  Economy / Services / Re: [Crypto-Games.net] ★Signature Campaign★ | Best Rates | Member - Staff [OPEN] on: December 24, 2015, 08:56:24 AM

Username: Bitart
Current Post Count: 360 (including this post)
Current Rank: full member

Put on the avatar and reapply with your post count.

Username: lahm-44
Current Post Count: 723
Current Rank: Senior member
Bitcoin Address: 1K2f8F1AnQSZLvKqB8ekHe8KjqjA8aF3X3
if there is any slots avalible please pm me i will join and change the signature asap
No slot for senior member right now.

Avatar done, thanks.
Reapplying:
Username: Bitart
Current Post Count: 361 (including this post)
Current Rank: full member

Thanks and Happy Holidays!
1628  Economy / Services / Re: [Crypto-Games.net] ★Signature Campaign★ | Best Rates | Member - Staff [OPEN] on: December 24, 2015, 12:32:58 AM
I have just noticed that I have ranked up to full member, so all your member slots had gone now.
I would like to stay in campaign if possible, but I know that it's your decision.
Last time it was a probation with the new rank until payday I hope this can be the process this time as well.

Username: Bitart
Current Post Count: 360 (including this post)
Current Rank: full member

Please let me know what I need to do now.

Thanks in advance, regards:
Bitart
1629  Economy / Economics / Re: Holdings of gold vs Holdings of btc on: December 24, 2015, 12:00:26 AM
Maybe for our era, we should have both gold and bitcoin. I think gold will still be valuable at least for the next 50 years....
We can't compare gold with Bitcoins ,logically. Gold we see it glitters shine, we wear it too but at the same time Bitcoins is a digital money. Its price rises and goes down too.now the price is little down but it will gain the market again. Gold values will not be decreased in the future.
Why will gold values not be decreased in the future? I think due to inflation the gold price may go down.

Increasing world population leading to more demand for gold.

Increasing energy costs driving up mining costs (except for recent energy price blip)

All that quantitive easing money floating around will look for a safe haven during the next crash.
Partially true, but if the world is in nearly peaceful situation, people usually sell their gold and start to invest their fiat in something more profitable. This makes the price of the gold to decrease, which motivates people to sell more gold because of the decreasing price. But as soon as there is a bigger war somewhere, people stop their investments, liquidates their things to buy gold, because it's smaller to hold in somewhere but the value is higher. It makes the gold price to start to go up, so other investors who just want to make profit out of the price raise will start to buy gold as well.
Bitcoin is much more volatile and it's harder to predict the price for the. future.
1630  Other / Off-topic / Re: Do you actively spend your bitcoins? on: December 22, 2015, 08:54:52 PM
I did try to keep my bitcoins intact as an investment...

But then i discovered two great startups (interesting, both from my home country Slovenia), that let me pay for anything without worrying about my investment.

Cashila https://www.cashila.com/
Let's me pay bills using bitcoins. Works by converting bitcoins to EUR at the current exchange rate and paying for anything via SEPA. It's great if you are from the EU. Usually I use them when paying for my gsm bill, when i want to cash out bitcoin to my bank account, or i need to pay a friend, hehe.

The other one is Reload by Bitnik https://reload.bitnik.eu/
Keeps an eye for outgoing transactions from my wallet address and every time i make a purchase - it instantly buys the same amount from the exchange of my choice.

Now i can freely spend my bitcoins on almost anything, and when i do, my btc balance stays the same.
Give them a try and spend bitcoins whenever you can Wink
Great idea, thanks. In connection with cashila, could you please advice about the costs? Are there any fixed fees or the fee is based on the amount you transfer via SEPA? I'll have a detailed look on it later on, but I'm sure you can summarize the cost part more straight forward then their website which is usually more marketing oriented
1631  Other / Off-topic / Re: Do you actively spend your bitcoins? on: December 21, 2015, 09:22:20 PM
I would like to spend it actively, but I can't because they are no many store are accepting bitcoin.
For me I just like to hold it for now. I don't really need to spend my bitcoin something that I don't use or really want.

Same for me here. I would spend it way more if my local stores and such would have been accepting bitcoin.
But then again, if this would be available, there wouldn't be much for me to save up either in bitcoin. I like having this method of saving in bitcoin as well as in investing at the same time.
If you want to spend your bitcoin everywhere (where normal VISA card is accepted) you should try the bitcoin debit card. I have already tried it and it's OK for me. You can find different service providers so you have a choice which one you prefer.
1632  Economy / Economics / Re: What do you guess about he future of bitcoin? on: December 21, 2015, 09:16:17 PM
I am pretty sure that the bitcoin or some coin like it and in this concept will take over the world someday since Gold and currencies have deficiencies within them.

I think Bitcoin will replace the world’s powerful fiat money USD. And All the online transaction will be through Bitcoin transaction only. All company will acquire bitcoin as transaction medium to reduce the wasted charges and Other taxes.

You nailed it, exactly same thing is gonna happen since many are adopting Bitcoin and also have lost faith in fiat paper, but I think it will take some time and there should be some events about Bitcoin to make it more popular to get into the mainstream . For example having partnership with some Ecommerce site and big Multinational companies will help Bitcoin to grow its popularity.
International companies could use bitcoin to speed up international transfers between their joint companies. Or they can save the cost of an urgent international bank transfer, which is usually huge. To achive this the most important thing is the stability of bitcoin price. Without it, international giants won't consider dealing with bitcoin, or just implement it in a smaller part of their business.
1633  Economy / Gambling discussion / Re: Is their any safe methods to gamble? on: December 20, 2015, 08:53:29 AM
it's called gamble there is no safe methods there is only wins , losses and losses , wins
exactly, people cant seem to understand this for some reason Grin
some people are so utterly convinced that martingale or some sort of magical "skill" exists in dice to help them profit somehow Roll Eyes
If this martingale will be really the stone of philosophers (Lapis philosophorum) in connection with dice or any other casino games, that can help people beat the house easily just with using this method, there would be two chances:
1. It would have been forbidden already
2. Everyone would have won big and casinos would have closed already
Luck is luck that's all Smiley
1634  Economy / Services / Re: [Crypto-Games.net] ★Signature Campaign★ | Best Rates | Member - Staff [OPEN] on: December 20, 2015, 08:39:03 AM
Payment received thank you!
1635  Economy / Economics / Re: Fed raised rates. How does this lead to higher rates on consumer/corporate loans on: December 19, 2015, 08:32:12 AM
Central banks are not only taking deposits and paying interest for them, they are also involved usually in financing infrastructure projects. Those projects (building roads, pipelines, etc) are non profit investments and therefore the income is also limited from them. Because of this, commercial banks don't like to finance them because ofvthe lower marge possibilities. This is why central banks are financing these projects with limited marge long term loans. This interest is low but a bit higher than the interest of the excess reserves. This is just one possible income for central banks, so not all of the reserve interest is paid from the taxes of people
1636  Economy / Gambling discussion / Re: Is their any safe methods to gamble? on: December 19, 2015, 07:58:43 AM
If you can limit your greed (like playing wit a maximum amount per day or stopping for the day after a bigger win) it can be called safe gambling.
As long as you don't want to take revenge on the luck because of long loss period, it can be fine to gamble.
Playing with an amount and not more that is affordable to lose can be also a key point.
1637  Economy / Gambling discussion / Re: Is there a difference between buying shares in the stock exchange and gambling? on: December 19, 2015, 06:16:40 AM
The difference between pure gambling and buying stocks of companies is that you are betting on the future of the company and you have a track record you can research. It is a long term investment. But the day to day movements of the stock market are somewhat random, so trying to time the market and make money off the random swings is gambling in a different form.

there is different terms for buying of stocks. so if you are trying to time off the market and buy low and sell high within a certain time frame, it is call speculation of stock. but if you buy and leave it there for years, den it is call an investment.
In stock trading you can diversify 3 main time frame based on the length of the position (time between opening and closeing the position).
Day trading is the shortest, it's intra day position, takes the biggest risk.
Swing trade is longer, from day to several weeks, but it is still a kind of gambling.
Long term trading can be the investment because in that trade you can and should base your decisions on examinations, analysis'
So it's only long term trading can be called an investment, the shorters are mainly based on luck.
1638  Economy / Economics / Re: Bitcoin worth to you or not... on: December 19, 2015, 12:09:44 AM
It worth of course. The question is if I need to save up most of my weekly salary from a sig. campaigh and wait for long to raise or this price will be an average and won't have significant increase in the price on the long run, so if I spend a part of it I won't lose a part of the profit
1639  Economy / Economics / Re: When do you buy Bitcoin ? on: December 18, 2015, 11:45:37 PM
The best thing to do is just buy 0.05 bitcoins a weak so that later you will make profit at the end when you trade.
Buying bitcoins in a low price is also good, because when it goes higher you can make profit.
Do you take your profit by selling the bitcoin for fiat or for another cryptocurrency? Do you store your bitcoins on the exchange or in separate wallet?
If you want to buy bitcoin when the price is low, what are the main signals when you see that the price won't fall anymore but raise, so it's high time to buy?
1640  Economy / Gambling discussion / Re: How much can you earn with gambling? on: December 18, 2015, 09:23:18 PM
You cant really earn anything in a long run. You can get lucky in a short term though. But the longer you play, the less chances of profit you have.

Well, it's depend your bankroll. if you have big bankroll like 1k bitcoin you can earn long run, but if you don't have big bankroll it's to risky to gamble. for me gambling on sportsbook is more safety.

Don't you think investing 1k BTC in gambling is too risky. Sportsbook is safe but still it's better to invest less than 10 BTC even if you are bidding for the long run. Too much investment could give you a bigger loss.
Investment should be done every time with measuring the risks and the possible rewards. Also, investment should be diversified into pieces on different markets or activities just not to keep all the eggs in one basket because if it tilts once, it can lead to great loss
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