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1201  Economy / Economics / Re: The influence of hackers on the movement of price is crypto-currency. on: August 08, 2018, 12:40:58 AM
If you are talking about a hacker hack a personal wallet with small amount then it wont have too much affect, but if the hacker is hacking the exchanges or wallet site then the price will got a huge impact, but usually after few weeks the price will recover again  so I will say the hackers impact only temporary and not too affecting the market
1202  Economy / Gambling discussion / Re: Does convince people to enjoy gambling is a wrong idea? on: August 07, 2018, 11:23:24 AM

Any harmless amusement can become a destructive one when abused. In today's world, knowing about health problems caused by obesity, it would be probably appropriate to strike a warning note about the health risks of being overweight before telling to somebody how good and delicious this or that food is. Same goes for gambling. You should probably warn people about possible negative consequences of overusing it before telling them about this or that game you are fascinated with. I said "probably" because in reality everyone knows that already, and it would look ridiculous if we were saying it over and over again.
Whether they become addicted or not is not going to be your fault. You have no control on whatever that someone will do will with his life after you teach him how to gamble.
It's very uncommon for people to just be addicted in gambling. It's upto them how they will view as what is gambking for them.

As a good friend, I suggest you go teach him/her and just remind them that gambling is not something worth risking everything.
But somehow even if you already warned them but they still become addicted I still feel thay 50% of that is the fault of the one that teach them gambling

The problem is how can you control people's mindset, yeah you can endorse them that gambling can be possibly a source of fun and they can use it to spare time, but considering that gambling is also an addicting form of vices no one can control what inside other peoples capabilities handling such thing, well if you are willing to take the responsibilities when someone you know got addicted and burned everything inside  gambling activity, for sure you don't want that to happen better to kept this inside you.
I don't want to ruined somebody life, I am aware that gambling could be a dangerous thing, and I don't want to responsible if they become addicted

After I read all of the comment I got a better sight, I found out that most of the comment said that its okay to teach them but you need to remind them the danger and the consequences, but still when they got addicted I think most of the people will still blame the one that teach
1203  Economy / Trading Discussion / Re: How much time better for day trading analysis ? ( 15m , 30m , 1h , 1d ) on: August 07, 2018, 05:26:59 AM
For day trading usually the traders using the 15 minutes time frame, but there are some people used 30 minutes, the traders seldom used 1 hour above time frame because it's a long wait, usually day traders are focused in the monitor for certain time and need to make the trade as efficient as possible because the chart for short time frame could change really quickly
1204  Economy / Speculation / Re: Digital Currency Group's Silbert says bitcoin has 'hit the bottom on: August 07, 2018, 12:35:31 AM
I think that the rally that ensued in the last month was nothing but a bull trap, and this is probably proven now as we've seen nothing but bearishness from the start of this current month again.

There is still the possibility that $6k will hold as the bottom, but I think that it's probably just as equally likely that prices are going to fall through that fall some time during this bear market. If there was to be a lower bottom than the one that we already seen, however, I don't expect it to be lower than $3-4k, which seems to me to be the lowest I can possibly see bitcoin go.

Quote
Is his bullish prediction of $20,000 to $25,000 on December 2018 becoming more true when the market found new life again?

Probably not. A temporary rally in the market is barely "new life", and $20k-25k is still very far fetched at the moment given the bearish sentiment. However, if it was December 2019, then there is every chance that markets would recover to that level, after the bear market ends.

Eventhough I dont like how its sound, but I totally agree with your statement, seems like the bearish market is going to hang on a bit longer, the investors still hesitate to invest their money in bitcoin, the market now is unpredictable it can fall down deeper than all of us can predict and if the bear market keep on continue we will see huge drop and maybe fall below 3k, and to be honest I don't believe any speculation that stated bitcoin could reach 20k this December, up until now bitcoin still unable to reach 10k, it keeps on being manipulated and every time it went a bit higher, it was being brought down in the next few days
1205  Economy / Trading Discussion / Re: What is your trading style? on: August 06, 2018, 12:36:53 PM
If you already trade for a yera then you should got a lot of experience and knowledge, there are many strategy in trading you can do day trade, short term trade, scalping or arbitrage, but the key of the success in trading is your knowledge, skill and experience, when you already know how read trading indicators it will be easier for you to see which direction the coin will go, I usually used RSI and MACD indicator, and before I trade, I also check the buy and sell order, sometimes checking the price from other exchanges can help you to decide what you should do
1206  Alternate cryptocurrencies / Altcoin Discussion / Re: Was the cryptocurrency world wrong to trust big media/big investors? on: August 06, 2018, 06:22:14 AM
Its a two side of coin, although media and big investors make the market into chaotic situation, but they are also the one that make crypto become famous and make a lot of money flow in crypto market, and I think they make the market into more interesting place, but we should be able choose which news and which project to trust, if we want to make bitcoin into a huge currency we need the media
1207  Economy / Economics / Re: BTC HOLDER Criteria on: August 06, 2018, 04:56:29 AM
I am a long term investment, but not the kind of investors that only put the money and forget about it, I often check the market and see how is the situation, and when I invest I do my own research I dont follow my friends advice completely, I have my own way to speculate
1208  Bitcoin / Bitcoin Discussion / Re: Can't we accept bitcoin is going through developmental stages on: August 06, 2018, 12:26:55 AM
I agree, many people only consider bitcoin as an asset and keep on demanding the price go up, but bitcoin never intended to become an asset, people should put more focus to develop bitcoin into a currency and now bitcoin is through a lot of development so it can be accepted as currency
1209  Economy / Economics / Re: Starbucks drops hint at plans to accept Bitcoin on: August 05, 2018, 07:37:05 AM
Its a an interesting development, many people said that bitcoin is not suitable to buy retail things, the fee and the speed is not ready yet, but if Starbucks really implemented the idea then it show the world that bitcoin can be used for currency, and its an interesting idea to make bitcoin into retirement fund, I think it need to be implemented to see the reaction of the people, I still think bitcoin is a bit risky to be used as retirement fund but that could change if there are a lot of people willing to used it
1210  Economy / Gambling discussion / Does convince people to enjoy gambling is a wrong idea? on: August 05, 2018, 12:44:22 AM
I always have a mindset that gambling is fun and entertaining, I used to played for profit but now I played for entertained myself, I like to share my point of view about gambling, but I afraid when I introduce gambling to someone who cant control himself or herself then it can become a problem, and I can become the one that make him/her become addicted

So in one my hand I'd like people to enjoy gambling but in one hand I afraid it can turned into disaster and I could the person that cause the person become addicted, so I kind of confused when someone come and asked me to teach or explained thing about gambling, should I teach them or I just ignore them? How can I teach or convince them that gambling is only for fun? Is it a wrong idea to teach or convince them to gamble for fun?
1211  Economy / Economics / Re: Why everyone only invest in the crypto market? on: August 04, 2018, 03:37:15 PM
I think it can be a consideration to diversify your investment into fiat investment, for me crypto investment is the greatest, if we see it from the history chart, no fiat investment can rise as fast as crypto, the risk of crypto investment is big but the reward also big, so it's depend on how people want to play with their investment, if they want to play safe then go to fiat investment and diversify it into real estate, raw material or precious metal, but if the people dare to take risk then go for crypto, for now the crypto market is still booming so many of them are interested to invest in crypto, and beside of the value, crypto also got anonymity and decentralised feature, so you don't need to pay any tax
1212  Bitcoin / Bitcoin Discussion / Re: YOU HAVE TO BE A DIE HARD RISK TAKER TO EXCEL IN THE CRYPTO INDUSTRY on: August 04, 2018, 10:56:20 AM
Its debatable either a risk taker could success or not, when you success in risk taking then all of them will praise you, when you failed they will say you are an idiot, I think risk taker need to be support with good knowledge or good analysis, without that it will be like a pure gambling
1213  Alternate cryptocurrencies / Altcoin Discussion / Re: Information is the key! on: August 04, 2018, 05:16:45 AM
Yes, information and knowledge is the key to success in investing and trading, if we get the wrong information then it will affect our judgement and can make the wrong move, so its important to find a legit and reliable source when we want to invest or trade, if we already got the right information then we just need to control ourselves
1214  Economy / Trading Discussion / Re: Common Errors of Trading on: August 04, 2018, 12:33:55 AM
Its a good advice, simple but its a a good lesson, chasing the lost in trading is a dangerous move, most of the people thought that a good trader is a trader that never lost money, but the truth is a good trader is the trader that trade using analysis and logic not using hunch, and I disagree with the fourth one, I think trading must be flexible especially with the fast moving market when you see the opportunity you need to grab as fast as you can before you lose momentum
1215  Economy / Economics / Re: Should the U.S. stop importing from China? on: August 03, 2018, 07:24:23 AM
If its possible then its good to stop import from other countries, it can increase the job opportunities and add the country taxes, but the company need to calculate of the raw material, the labors cost and the operational expense, China's labor cost is very cheap, so it can increase the profit, when we talk about business the owner's top priority will be profit
1216  Bitcoin / Bitcoin Discussion / Re: Jack Ma said Blockchain was a great but Bitcoin is A Bubble on: August 03, 2018, 05:26:04 AM
There are already a lot of investors said and warn that bitcoin is a bubble, but yet they still invest in crypto currencies, so its kind of hypocrite of them to say bitcoin is a bubble, if we take a look closely they just judge bitcoin from the asset side, they never see bitcoin from the currency side, bitcoin is supposed to be a currency when that happen then bitcoin won't be a bubble anymore
1217  Economy / Trading Discussion / Re: Is there any reason to day trade anything other than bitcoin? on: August 03, 2018, 12:49:03 AM
Well it's true that its more secure and more predictable when we trade bitcoin, but trading alt coin for short term is better, the price swing of alt coin is bigger than bitcoin, and usually people trade alt coin because its cheaper, and sometimes alt coin rising percentage can be bigger than bitcoin, if you have small capital you wont get much in trading bitcoin for short term
1218  Economy / Speculation / Re: Cryptocurrency Future on: August 02, 2018, 11:03:31 PM
I think crypto currencies got a bright future, I know the price is not higher than December but bitcoin price still got a good growth, and the popularity of crypto is getting higher and higher, so we just need to encourage people to used crypto in a positive way, I know this time the bear market has been long, but don't lose hope, I believe there will be bull market soon
1219  Economy / Economics / Re: Not only bitcoin, blockchain can also be a business on: August 02, 2018, 09:23:23 AM

Ripple is not blockchain. He is centralized.
Bitcoin at this stage can't be used for business. Do you saw the speed of his transactions? Now Bitcoin is a valuable asset and the engine of the entire industry.

I agree bitcoin still not suitable yet become currency for transaction but that doesn't mean bitcoin can't become business, see even with that speed there are exchanges and sites that accept bitcoin and in the future the speed will be increase when the lightning network has stable

Blockchain can't become a business but it can really help the business process, it can help business transaction from all over the world, and the transparency of the transaction is recorded in the Internet so it really help prevent scamming
1220  Bitcoin / Legal / Re: Unregulated market is illegal or legal? on: August 02, 2018, 05:23:01 AM
Yes most of the government still hasn't make a clear announcement about crypto yet, I think if there is still no announcement then the crypto is legal to used as investment, and for the payment, but most of the government already prepare to set regulation, so the best thing to do is to store and used crypto while the government still hasn't make any declaration yet
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