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441  Economy / Speculation / Re: How far is the bottom for Bitcoin ? When will it peak again? on: August 24, 2018, 02:48:45 PM
After the peak, Bitcoin dropped three times to the zone of 5800 to 6400. That was not surprising considering the parabolic rise in price from ~$1000 to $19,500 in the last year. As mentioned before, this is 70% fall and if we were to look at the historical crashes – both of them followed a parabolic rise – there is still room for correction.
I think about $6k is as low as it will get, I do not see it going to $4k like so many people believe. For bitcoin to go down as far as $4k there will need to be thousands of bitcoins sold at once to cripple the market and other people panicking and selling like crazy.

I do not see how anyone can have thousands of bitcoins and sell it at these prices when bitcoin is so low. It happened only once when mtgox trustee who is probably the only person that has that much bitcoin and still can sell without a worry did it but never been done ever since. So, I think we are at a place where there is no one else left in the market even whales that would be willing to sell that much bitcoin at this cheap prices, hence the only way is up for bitcoin.
442  Economy / Gambling discussion / Re: How do you make a Player vs Player Game Fair? on: August 24, 2018, 01:57:26 PM
I am currently working on a project but I am stuck on making its gameplay fair. Here is the issue I am facing. It is a Round based game. A server seed is set for each round and 10 people participate in that. The server seed is the same for everyone but the issue is I can participate myself in the round and as I will have access to the "Unhashed" server seed I can set my client seed in such a way to win over everyone else. So it isn't fair to just use a server + client seed Provable fair system for a game like this. I am wondering what could be done to prevent "tampering/cheating" even if the "house" decides to participate in the round.
As far as I know there is no way to make a player vs player game fair, there is no "provably fair" on player vs player games such as poker.
However, the truth I did not know that provably fair existed before I saw it, I never would think that would exists, yet with blockchain technology and seeding, now we know its possible.

My point is, there could be a way of making player vs player games provably fair or some other way to make it fair and have proof of fairness that we do not know right now, it is not about finding one that exists but actually creating one so everyone can use it and develop on top of it.
443  Economy / Gambling discussion / Re: Gambling site access and italian regulations on: August 24, 2018, 11:48:57 AM
Currently sportsbet.io and luckyb.it are unavailable in italy, in the first case there is a DNS redir made by the italian government, in the latter case the site itself blocks italian IPs.

BTW, there are many sites that works flawlessy (like primedice and other famous names), I'd like to ask if something in the near future could change since there are already sites that have in some way excluded the italian market.
The point is that each country has their own legal laws and if you do not follow them up it doesn't matter if you have licenses from some other country, you can still get banned. You can be any legit business and do any legit product or service and if you do not comply with the laws of another country they will eventually ban you.

Clearest example is denver has corporations doing legal cannabis business and basically selling weed to people, however even in usa they can't go 1 meter beyond the state line and sell anything. You need to follow your own laws but if someone else laws doesn't suit yours they will eventually ban you. Nothing major about this, nothing bitcoin related, typical gambling laws.
444  Economy / Economics / Re: Stop worrying about how much energy bitcoin uses on: August 24, 2018, 11:00:58 AM
Also lets not forget that the way energy is produced is changing recently.
I understand we used to have coal energy anywhere in the energy sector but recently stuff like solar and wind has been garnering more attention and solar energy has been getting a lot cheaper, in USA where there are suborbian areas (the house by house neighborhoods you see on movies) people have been putting up solar panels as their roofs and those roofs have been garnering energy without costing anything aside from the initial cost, and in return makes that home run on free energy.

If you do that on bitcoin you are basically spending a lot of capital on a miner facility at the start but after that all of your energy costs goes to zero.
445  Economy / Economics / Re: What If Banks Were Publicly Owned? on: August 24, 2018, 10:14:48 AM
In my country most of them are. I mean they are still owned by bigger companies and banks because when you publicly open your bank I can buy shares of it, you can buy shares of it but also bigger banks can own it as well, and since they have the money for it they just pay for it and get like %40 of it from public stock market and no one can say anything about it.

I do not see how we can't actually just see it as a blessing since you can literally be partners of a bank which is also partners with an insanely big another bank. They do not get bankrupt that easily so you basically own a small portion of a bank that is going to just get bigger, good investment if you ask me.
446  Economy / Speculation / Re: Will ETFs help to contain Bitcoin price rises? on: August 23, 2018, 05:51:51 PM
We all know the price of bitcoin is staying same even after ETF because we knew the result. The etf is not important because it may get agreed or accepted but it is important because bitcoin is not a legit investment option. Just couple years ago everyone was looking at bitcoin like "bitcoin is used to buy drugs on dark net" but now they are talking "bitcoin has applied for ETF so we can have bitcoin investments" which is an insane increase in the perceptions of people.

If we can improve from "drug money" to "legit investment option" think what would happen if we improved from "legit investment option" to "common investment option like gold" ? It would create a craze once again and can't even imagine what the prices will be like.
447  Economy / Speculation / Re: SEC Rejects 9 Bitcoin ETF Applications Whats Next Target of bitcoin? - 23 Aug18 on: August 23, 2018, 05:18:03 PM
I believe the important part is that the bitcoin ETF's got attention, not just around here but on economy channels like bloomberg and cnbc really gave bitcoin ETF some attention and air time because they know that when something gets as big as this there is no stopping it. Now the important next target for bitcoin to become some sort of common investment option for people who do not want to buy bitcoin.

Buying bitcoin has a lot of hassle like selecting a proper exchange, sending your info for KYC and sending your money and getting btc and hoping your funds won't be frozen by coinbase or wherever you buy (keeps happening to many people). However with ETF, you just tell your bank to have some bitcoin etf on your investment portfolio and you are done.
448  Alternate cryptocurrencies / Altcoin Discussion / Re: Super-bubble exploded, lets grow now on: August 23, 2018, 04:20:25 PM
There wasn't a "bubble" to be precise.
Bubble usually means something worth insanely high like if bitcoin was worth over a million dollars per bitcoin and than going down to couple bucks like a coffee money per bitcoin type of prices. From $20k to $6k is not a "super bubble" it is not even a bubble.

Nevertheless, I do believe that it is time to grow now because the price went as dip as it looks like going and from now there is no downwards move from here, no downwards left means the only way is up for bitcoin and the higher bitcoin gets the more money will flow towards the altcoins as well which means our investments will comeback to real prices.
449  Alternate cryptocurrencies / Altcoin Discussion / Re: What ICO rating platform do you use? on: August 23, 2018, 03:38:31 PM
Do you use ICO Rating Platforms like ICO Bench, for example?

I don't blindly believe at ratings but it really helps when you are making your own research about any of ICOs.

Recently found this platform really useful cause there is all the info about the cryptoworld (not only ICOs): https://forico.io

And which resources do you use?
I really do not trust any ICO rating platform because I am not sure if they are getting paid by the ICO or not. Look at the prices, most ICO tokens are making like millions of dollars from their ICO, they can just pay like $20k to some platform and it will write that this ICO is amazing and the best coin and it will one day be bigger than bitcoin and whatever because they got paid for it. How would I know these people are not paid or not ?

Hence, I do not trust the ICO rating. If you want to check a rating, check the bitcointalk topic, rank the ICO on the page and time, if it is 100+ pages already in first two months and rank better than most than it has a good chance, if has like 8 pages on its name for 6 months obviously its horrible.
450  Alternate cryptocurrencies / Altcoin Discussion / Re: Scam projects -my philosophy on: August 23, 2018, 12:44:55 PM
In the face of too many scam tokens/projects,here is a philosophy that can be helpful, quotes below

"All tokens/ICO/projects are worthless until you can provide beyond reasonable doubt that they have value "

If you can do that for any project, chances are high you won't be a victim of scams.
What is your own philosophy?
I think community decides on the prices. There is really no value behind any coin aside from what people put on it. If everyone decides a coin worth 20$ each than it will worth 20$ each and if they believe its 2000$ each than it will become $2000 each. So, if you want to make sure an ICO project worth more than its ICO price or not just check the community, if you see the number of people interested increasing every single day than you are going to get a good coin but if you see not so many people talk about it than you are not going to get a good coin.

There was this token about time or something that put advertisements EVERYWHERE and they did not worth anything because I saw their facebook page and only couple hundred people wrote on their facebook. However there was IOTA that really put the numbers into perspective because I saw thousands of people writing on their facebook and many other places. Just check the community and in the end you will see the true price.
451  Economy / Economics / Re: LIFE GOES ON. on: August 23, 2018, 10:44:48 AM
Looking at the present state of the market, it could be very disheartening. But one thing is certain is that blockchain technology has come to change our society. And Crytocurrency which runs on the blockchain will continue to wax stronger and stronger, stay above fear. Life surely goes on with or without the enemies of crypto.
But for the people who had withstand the down markets of 2014 and 2015, these things are not new and must be enjoying the price levels of bitcoins. Yes, I am not bothering much current levels as bitcoin is too strong to hold above $6000 levels. When $6000 remains as a strong support levels then we do not need to worry on anything but we all must stay positive about the upcoming positive price surges.

In late 2013, bitcoin hit then ATH of $1200 then it fell down up to $180 by January 2015. After that bitcoin prices showed some positiveness up to $300 or $350 but frequently falling down to $220 levels, which is the highly memorable price level for me as that was the time I was entering into bitcoins. When we study about bitcoins and why it is here with us then we never need to worry on anything but we can easily have hopes about the better future along with bitcoins.
452  Economy / Economics / Re: Be Creative and Earn on: August 22, 2018, 07:10:20 PM
Just happened across an article from May 2018 about a street artist who is earning crypto from his
Graffiti work by placing a QR code for people to send rewards - great idea! >
http://cryptotimes.org/bitcoin/street-artist-nets-1000-bitcoin-qr-codes-murals/

https://www.pboy-art.com/biographie
I have been "writing" content for bitcoin payments for 2 years now. I mean writing requires to be creative too, painting is not the only way of being creative. However I do not like these kinds of people who just uses bitcoin like an advertisement, not this dude, not the dude that showed qr code of his wallet on national television during some hearing. Those people act all "oh I did something braavee, loook at meee" and ask for money in return. If you did a graffiti , great for you, don't advertise your wallet with it.

I work for my creativity, I do not disguise my "work" as something "edgy" like a graffiti and than go regular begging for money route.
453  Economy / Trading Discussion / Re: Is Bitcoin suitable for swing trade ? on: August 22, 2018, 05:53:49 PM
It is probably a lot more suitable than any other thing it is currently used. Swing trades require a lot of changes on the prices and a lot more volatility rather than stable and btc has always been really volatile as far as I can remember.

Hence, swing trading could be best practiced on bitcoin rather than any traditional ways of doing it. However, you should also be careful of where you can find to do this swing trading, bitcoin is not something like gold where you can find a 300 year old company, bitcoin is new and swing trading may be dangerous on some shady website, hence you should be careful.
454  Economy / Trading Discussion / Re: "Don't invest more than you can afford to lose", meaning explained! on: August 22, 2018, 04:12:50 PM
There is really no explanation needed for something like that ?
Does anyone need more examples or caution stories and what not to understand ?
Do not invest more than you can afford means literally not to invest the money you do not have the luxury of losing ?

There was some dude who took out an insane loan from a bank to buy bitcoin and now that bitcoin is low he is having trouble paying is loan and will keep paying it for the next 3 years, by his logic as soon as he got bitcoin it would have tripled and he would pay it back with interest and still have double the money he took out after all is paid. If you really believe what he did was logical, I am sorry but you deserve to lose your money.
455  Economy / Gambling / Re: LandSecrets - A blockchain based predicted mining game on: August 22, 2018, 03:12:41 PM
If you are going to start game and require people to put their money in your website and trust that you will not just run away with their money, you gotta get a better coder. That website looks soo horrible that I can literally ask someone to make a "scam looking website" and this would be the result.

You either need to get a better website done or just close it all together with all your hopes of having ton of money to run away with. Don't scam people so blandly, at least not here, people will negative trust you and bury you to ground for even just attempting to scam anyone. You need to develop some sort of trust with the community in order to make any sort of money.
456  Economy / Gambling discussion / Re: Why not play games online instead of gambling? on: August 22, 2018, 02:00:28 PM
They are quite similar. There are people who play pubg and get skins or clothes or whatever they sell. Or get fortnite and get something shiny and what not. Some people are still playing pokemon go (me included) and spend money to get coins and buy stuff there and spend time.

However some people just favor gambling over gaming. I for example gamble with smaller amounts  like couple cents at most on each bet and my wagered amounts are really funny and low compared to how many bets I have done, I am almost at "faucet levels" of betting comparing to my bet numbers. Hence I do not spend too much money on gambling, probably less than many people spend on games, which results with me having fun with gambling like its a game.
457  Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the right time to buy & sell the cryptocurrency? on: August 22, 2018, 12:47:07 PM
Looking at the fluctuations of Bitcoin, people frequently asked all over the forums that what will be the right time to buy and sell the cryptocurrency. According to me, it all depends on the market. We cannot suggest the best time to buy & sell. What do you think about the same? Any suggestions?
This is like asked every single day. When is the right time to buy bitcoin and how to start trading bitcoins or how to start day trading. Like every single day there is a new discussion around these parts about these topics.

Yes, it is a perfectly good time to buy bitcoin, it looks like it is as dipped as it can get and it has not shown any reason to go any lower and with great news coming like etf and starbucks and so forth there is really only a great upside to bitcoin price if they get confirmed or even if not it will continue to be this way so there is no losing in this scenario so you might as well get your bitcoins now because I do not see any possibility of bitcoin going to like $5k let alone any lower, $6k is the lowest it will be.
458  Alternate cryptocurrencies / Altcoin Discussion / Re: Trident coin, world's first coin based index fund on: August 22, 2018, 11:44:35 AM
This is a great idea to have index funds for all the coins however doing it with a website or a company would have been a lot better instead of a coin. Coin can be manipulated and have different results than the index fund results, hence the price will be wacky and all over the place instead of sticking with the index results.

This means we would require some sort of company having one hand on the wheel and make it centralized instead of decentralized version of this. Coin may work as well since its a great idea but it would require a lot of regulation in order to work so it doesn't get too much different than the index results, you would need a lot of trust on the coin and the developers for that to happen though.
459  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto exchanges join Winklevoss brothers for a self regulatory organisation on: August 22, 2018, 09:24:16 AM
I still can't believe how early the winklevoss twins go in.
I remember being very early and I have been in this bitcoin space for over 6 years now and they were even earlier than me.

They got in like at 40 dollars each bitcoin and they once said they had like 1% of all bitcoins and that means it was about 40 thousand bitcoins back than, now of course that must have dropped a lot but still considering they have over 40 thousand bitcoins and one bitcoin is about $7k (even went as high as $20k each) they worth over 280 million dollars as it is already, and this is just assuming they have 40 thousand bitcoins, it could be way over and even if it is $40k at one point when bitcoin was $20k, they had like 800 million dollar worth of bitcoins. WOW.
460  Economy / Economics / Re: Germany recognized the bitcoin on: August 21, 2018, 03:43:54 PM
Germany has always been the voice of responsibility. The government obviously see the opportunity there.
If you make bitcoin legal that means you put it in law, if you put it in law that means you can tax it. Germany and German government can tax bitcoin earnings now, which means they will make money out of anyone who uses bitcoin, that is a smart move.

Lets take a look at other countries that either bans bitcoin or at least not do anything about bitcoin, they can't tax it, they can't follow it, they can't make money out of it. Bitcoin doesn't change anything on that country, which means they are missing out on tons of tax income. Any country with a sensible mind would make bitcoin legal and tax it to make more income for the government.
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