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1661  Economy / Speculation / Re: BTC Price might drop now?! on: May 30, 2020, 06:46:36 PM
There is no way bitcoin could go down forever and stay down, it will eventually go up and that is why when you see it dropping down you should buy. This time around it was a bit different than previously, because this time around it recovered faster which means some people did actually sell but there was buyers waiting for it at least.

Many people think that when bitcoin is dropping down they fear even more dropping down and they do not buy it. When it goes up they think it will go up even more and buy it. They should do just the opposite. We can see here that when price went down, everyone was afraid and they were talking about how it would drop even further, a great example of when you should buy turn into when people actually sold.
1662  Bitcoin / Bitcoin Discussion / Re: Ways in which you can promote bitcoin. on: May 30, 2020, 01:24:01 PM
I'll be very grateful if you can list more ways so we all can have something we can do to support the growth of bitcoin. Thanks a lot for promoting bitcoin. Yea, that reminds me; you can make bitcoin arts too and publicise them.
Talking to people about Bitcoin is a normal way to promote Bitcoin and that's the only way I have been using to promote Bitcoin. I don't bring it up unnecessarily, I just wait till they start discussing something that is similar to it, then I will cut in and mention bitcoin and ask them whether they know about it. There are some of my friends that have seen me going through my Bitcoin wallet on my phone and they will ask what the application is and then will tell them it's a bitcoin wallet and also take my time to explain everything to them.

Why anyone should  promote bitcoin like those way?
If bitcoin is really helpful to you then why not make bitcoin helps your neighbor or colleague or friends or relatives? When more people adopt bitcoins, it will be helpful for everyone. Definitely a win-win situation for all of us.

Is this because we are a btc lover & that's why we have responsibility to promote bitcoin or something others?   Huh 
Yes, promoting bitcoin must be a basic responsibility for all of bitcoiners. Unfortunately most people never realize this responsibility because one probable reason could be they want to stay anonymous to avoid all the possible problems if they announce that they are saving/using bitcoins.
1663  Bitcoin / Bitcoin Discussion / Re: Strange behavior of hacked crypto market CEO on: May 30, 2020, 12:41:49 PM
I don't know, but don't you think it would be best if you mentioned which crypto exchange/market that you're referring to here?
It might be helpful if you mention which exchange and some people that might have had a similar experience or knows about the exchange can then tell you whether that's a good exchange or fake exchange as you have said.

I think they are wrong for not replying. Even if they are still in the process of investigating the issue, they should have replied back to your email and let you know that they are still the process of investigation. But, neglecting you shows that they are not ready to help you in any way.
1664  Bitcoin / Bitcoin Discussion / Re: If the price of bitcoin increases on: May 30, 2020, 08:24:23 AM
Maybe it is possible to increase the supply, but there are no such plans to do that yet. So, from that I can say that once the twenty one million coins are mined, and the demand keeps increasing, what's going to happen is that the price of Bitcoin will keep on increasing to be enough for all the buyers. I know that some have claimed that it wouldn't be enough, but that's not true. There are people who are trading Bitcoin every day.

So, no matter what happens, you will always be able to buy cryptocurrency whenever you need it. The only thing is that the price will keep increasing as the demand keeps increasing and when the demand starts dropping it will also drop in price and you must look for making use of "drops" to get benefits even in short term. You may opt for long term holding to get maximum benefits. Long term = years involved.
1665  Bitcoin / Bitcoin Discussion / Re: Bitcoin Pros and Cons on: May 30, 2020, 07:24:37 AM
There are lots of pros for me, but I will start with the basics, which is about making transactions fast and cheap. Ever since I discovered Bitcoin I have been making use of it whenever I want to make transactions and I have recommended it to a lot of people that I work with and they have gladly accepted and it works for us. You can send money to anyone no matter where they are and they will receive it quickly.

Sometimes when I send money to my brother where he lives, he receives it that same minute and will then sell to exchanges and will have the money in his bank account. It's really quick. As for the Cons, I don't really know what to say here apart from the fact that it is volatile. But volatility is no longer a problem for me. I have gotten used to it and I know the right thing to do.
1666  Economy / Trading Discussion / Re: How do you handle losses in trading? on: May 29, 2020, 06:31:57 AM
Taking consecutive losses in trading has led to a lot of blown accounts.

Losses affects us psychologically and doesn't make us think logically.

Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses?

Share your experiences and techniques, this will be helpful.  Smiley
When I experience loss in trading, depending on the situation I night decide to stop immediately or give it a second try, and when things are not working I will quickly stop trading and leave it for another time. It is not good to keep making revenge trades to recover what you have lost, you might end up losing extra money and make any profit that day.

So, I just leave it for another time when my mind is calm, then I will be able to have more focus to trade in a better way and mood. And we need to start accepting responsibility for our loss and stop looking for who or what to blame it on, because at the end it still wouldn’t make any sense. But, we must work on not repeating the same mistake only that can help us to be grooming like a professional traders.
1667  Bitcoin / Bitcoin Discussion / Re: Taxes on Bitcoins: Unreasonable or essential? on: May 28, 2020, 08:47:52 PM
The government don’t really care, all they need is for you to pay your taxes and nothing more. Some people who are into cryptocurrency are doing it as a way to evade paying their taxes which is illegal. In my country there are no laws yet to regulate cryptocurrency and there are not many people that are making use of Bitcoin and others.

In countries where it’s being regulated, it’s regarded as an asset or property and you will have to be paying taxes for it. And from what I have understood, you don’t pay the taxes when you’re buying Bitcoin, you only pay taxes when you’re selling or using it to buy something online. When we are dealing for bitcoins with fiats then it seems essential to pay taxes and if we make use of bitcoins in complete decentralized way then we may skip the tax part in individual's trade but for shopping using bitcoin kind of things will definitely incur taxes.
1668  Bitcoin / Bitcoin Discussion / Re: Fees high on: May 27, 2020, 03:49:34 PM
Fees are still high.  I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
When you're making a transaction you're able to choose the level of fees from and the amount you pay determines how long your transaction is going to take. Whenever I am using the Blockchain wallet for a transaction, I usually make use of the regular fee or priority fee. The first takes about sixty minutes, depending on the network and how fast it is at the moment, while the later it's quite fast as I'm paying a higher fee.

I can remember that around last month or two, I even paid more than $2 for a transaction of just $23 and there are times I had to pay even more. And there also times I decided to make use of other cryptocurrencies if I had them, most times it's Ethereum.
1669  Economy / Trading Discussion / Re: Those that hate risks! on: May 26, 2020, 08:25:20 PM
Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
It seems too hard to access your points; but I cannot ignore the facts you are trying to convey. I can understand your 9 years of experience from your statements still I believe trading is all about making more profits than the losses. I can get you this way only. What is the point of trading if we keep losing and making profits at same level.

You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
So far, my understanding about the fear factor is not something different from your view as I treated fear as one of emotion failure and I do believe only courageous traders are able to risk more to get more rewards. Yes, I agree only when we remove fear then we can find more opportunities. People who are afraid of losing capital should not trade at all.
1670  Economy / Trading Discussion / Re: If we have great ability, is capital from bank loans safe for us to use trade? on: May 26, 2020, 06:41:14 PM
Using loan in a business makes sense because you are also making more profits thanks to the money you got, using it on trades makes no sense because you will only earn more but lose more as well, it is not a permanent increase in trading, it is a temporary one because you will end up paying that loan back with the trading income so you need to make more profit than the loan repayment and make it quick as well, which would hurt you a lot more.

In a business let's say you have a factory and you manufacture something and you get orders a lot bigger than you can produce that quickly, you get a loan and you make your factory twice as big and suddenly you can manufacture five times more products, you could pay the loan back with the constant income you have that is not stopping. Trading is nowhere near that so it makes no sense to get a loan thinking it is a business.
1671  Economy / Trading Discussion / Re: What was your experience trading cryptocurrency? on: May 26, 2020, 02:25:10 PM
The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it  Undecided.

Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market.  Cheesy
I view switching markets due to losses will not help and moreover you must understand the core concepts and strategies for all the markets are same. It means you must stick within only one trading type and you must focus on sharpening your skills and abilities which will definitely guide you toward success. Without gaining knowledge on your trading abilities, switching markets will not get you any differences but will definitely maximize your losing occurrences.

I am sticking only with crypto trading even I am not good at technical analysis nor in over all profit making things. But, I am making good profits from cryptos by holding them for years. Some people do call this as a long term trading. Yes, my holding period exceeds years as I eye big targets like doubling my capital.
1672  Alternate cryptocurrencies / Altcoin Discussion / Re: What are the trusted stablecoins to save money long-term? on: May 26, 2020, 09:39:05 AM
I am not getting your point. What exactly do you want stablecoins to do when the USD crashes? Go up? You were told that stablecoins are 1:1 with USD and some of them are backed by the USD, so you shouldn't expect anything more or less. When the USD crashes, stablecoins that are attached to it will also crash and not increase; they will always try to follow that same line with the USD.

If you don't want that, then stablecoins are not for you, you should invest in volatile coins like Bitcoin, Ethereum, Bitcoin Cash, ChainLink and the rest of them. If you still want to go with stablecoins, the PAX you're using is already a really good coin. Stablecoins are for the purposes of saving your money within exchange as a replacement for fiats which means you must not try to make use of stablecoins outside of exchanges.
1673  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple should stop dumping XRP coins!! Let's all help to stop this! on: May 26, 2020, 08:48:46 AM
This is Unacceptable!!

Let's all help to stop Ripple to dump XRP coins!
Why we should we stop this? Ripple is the corporation and might be having full business structure for decision-making hence how we could influence them by any means? XRP is their own child and for its reputation they are fully responsible hence we cannot interfere in any of their management decisions. Other than waiting and seeing what is going to happen, probably we are not having any other go here. Just chill Cool.

This is the only way the price to go up!
You mean by stopping by suggestions and/or consensus? Do you have any specific plan for stopping them? I'm not getting your actual point here. Moreover you are sounding like a paid shill of ripple corporation. So far, they are coming here just for promoting in positive way but this could be another attempt because you are talking some negative things of ripple corporation still gathering enough attention for XRP.
1674  Alternate cryptocurrencies / Altcoin Discussion / Re: The return of ICOs on: May 26, 2020, 08:07:56 AM
Guys, do you think that ICOs could make a come back? I do and here is why. Every year dozens of companies raise money in Silicon Valley for startups, many pre revenue. Also, with the economy injured from nCov19, it would make sense to allow for new economies. This would include letting new startups in Blockchain raise money, and imo if they are well vetted, and trusted by the community, they should be allowed to raise money. What do you think?
When they are vetted then they may go for IEO instead of ICO on this community as exchanges do provides lots of convenient things as a single package whereas ICO here is known for lots of hassle filled. Simply we can understand this like IEO was derived by fixing all the problems usually a project do face. So, I am not expecting devs will be stepping down for some reasons. They must be already having lots of tasks to be addressed then obviously they will go for less hassles.

In deeper thinking, we can expect a project to be doing multiple IEOs in multiple exchange platforms at the same time. Yes, it will be possible in coming months. They just need more fee to cover those exchanges and I believe most exchanges will be agreeing for listing/doing IEOs on multiple exchanges at the same time. This might be helping devs to collect more funds because they will be covering customers of more than one exchange.
1675  Alternate cryptocurrencies / Altcoin Discussion / Re: Zcash users need to read this and stop carelessly transferring your coins. on: May 25, 2020, 09:04:54 PM
Maybe it is not because they don't know but they don't care about privacy in all of their transactions? Think about it this way, you could make 100 transactions in a year and 99 of them could be fine ones that you do not worry about privacy at all, common stuff like exchanges, casinos and many other stuff like that which you do not care about being hidden and worry about being traced but there could be that one transaction that you want to hide and you use it properly.

As you can see most of your transactions became traceable but you still used it the way it should be used when it came to the one that you really want to hide. Of course there could be many that use it wrong and that could be the reason but let's not forget about people who realize the issue and still try to not hide it when its not something they want to hide.
1676  Economy / Speculation / Re: Bitcoin Difficulty & Price prediction on: May 25, 2020, 07:47:26 PM
Miners who are small timers that needs to sell the coins they mine in order to pay for the costs of mining is the ones that closed shop I believe. I mean there is no data who stopped and who continues but that makes the most sense. The price went down because people are using different currencies right now to make transactions, which is why altcoins have gone up while bitcoin went down. Look at all the other times when the market crashes, usually altcoins goes down when bitcoin goes down and altcoins go up when bitcoins go up as well.

This time they were different, why? Because people are not leaving crypto at this moment, they still think crypto is cool, the only reason why they left bitcoin is the simple fact that its old and slow right now, eventually that will be fixed and price will go up again.
1677  Economy / Speculation / Re: Let's see If BTC re-test 9500$ zone on: May 25, 2020, 07:02:19 PM
It is actually on a very sensitive position right now and I really don't know what to do. If the price breaks under 8.2k to go a bit lower (like 8k for example) it could drop very fast and very low , thinking about under 5k if it crashes. I am not saying that will happen but the road to there is not really that challenging, if enough people gets scared and sells they could do that. There is of course a possibility it could stop too but wouldn't be easy.

However if the price moves beyond 9k once again and recollects, that means we could break above 9.5k and even 10k too (not too much, just 10.2k I assume). This is a very weird spot to be in, we could have 100% difference in price of bitcoin with just one small move, I remember many times bitcoin moved but do not remember being this sensitive.
1678  Economy / Speculation / Re: Guys avoid panic sell... on: May 25, 2020, 06:34:35 PM
This fall once again showed that everyone is ready to sell at moments notice whenever price goes down. People are afraid that bitcoin could go from 9k to 5k very easily and they are not really that wrong because it does happen time to time but the real problem here is the simple fact that if you are so willing to sell as soon as the price goes down, well it will continue to go down.

It is like a dilemma where someone things price went from 9k to 8k so it will go to 5k and they sell, when enough people thinks like that, price DOES go to 5k, but if they didn't thought like that and hodl, the price wouldn't gone down. Yet since they were technically right and it did went down (even if it is because of them) they think it will happen all the time and they end up panic selling as soon as there is a big fall.
1679  Economy / Gambling discussion / Re: 2020 NBA Season on: May 24, 2020, 05:42:03 PM
Jordan didn't really lied about being forced to retire. He just said he wants to work with Phil Jackson and Phil knew that Jerry Krause didn't want him at all, so that would mean that Phil would come back (which he had chance to) in spite of Jerry Krause not wanting him there and when your GM hates you, your job as Head Coach will be very difficult, hell you could even get fired for not being even above average let alone be bad.

Moreover, even if Phil agreed to come back and even if Jordan agreed to come back, you had a trouble of Pippen, how could you pay him the money he deserves when there is this HUGE contract of Jordan that covers most of the cap anyway. So, Pippen would have been asked to just play for one year for a future profit and we saw that in 98 that wasn't something he liked.
1680  Economy / Gambling / Re: Blackjack.fun - PROVABLY FAIR Blackjack Accepts Dash/Bitcoin/Litecoin on: May 24, 2020, 03:20:35 PM
To become the most trusted, most honest, coolest looking, interactive blackjack on the market. Way to this goal is hard but we accept the challenge.

Way to go if you want to compare the site with other bitcoin casino around here but in term of most unique then the site is way ahead for now. There isnt other site that focus solely on blackjack yet as blackjack is probably niche around here compared to dice and crash game  Wink
I agree on the unique part, if it is about blackjacks this website is number one, there is no competition even close to it right now. Of course we are still sort of early days of crypto casino, in 20-30 years this could become the standard of gambling online so I do not really feel like we are even half way there yet.

However even if one day competition comes, we all know that blackjack took the first step and they will be ahead of all of them as long as they continue to improve like this. Look at bitcoin, do you really think that bitcoin has the best blockchain? Not at all, many coins improved a ton on top of it, yet bitcoin is still number one, why? Because, it was the first one. I see that kind of future for blackjack.fun and the future of online gambling.
I think picking just one game and focusing on that could very well provide a great upside for the website, not saying it is the smartest decision because I am not a casino owner and I wouldn't know the first thing about running a business like this, but we can say that there are tons of places that made one thing and became very good at it.

Look at bustabit for example, those guys have just one thing and they are doing it very good (saying their name because they are not competition since its different game) which means you can be great with just one game. And I am sorry to hear that you guys are nowhere near in plus, but I am sure as long as you guys keep going strong like this, eventually one day you will be in plus, of course its a costly business but when you reach to a point where you do not spend on anymore new stuff and only have regular upkeep costs, you will start to make profits to cover the costs.
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