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4701  Economy / Economics / Re: Can you really make money on Forex? on: May 23, 2017, 09:14:33 PM
Forex is good for cases where a currency hyperinflates. Someone can make a lot of money buying up hyperinflated currency right before it rebounds. There are some who earn a decent living trading on forex. There are some scams in forex that can take advantage of those without experience and also those who don't have enough money to afford to trade on a legitimate platform.

I'm not certain how profitable/unprofitable forex day trading is. With most major governments on the planet being trillions of dollars in debt--forex could be incredibly profitable in the future if governments default on debt & hyperinflation occurs followed by a rebound.

The zimbabwe dollar at its hyperinflation lowest value to rebound growth somewhat mirrors bitcoin jumping from $12 per BTC to $500 per BTC. Hyperinflation can generate incredible growth.
4702  Economy / Gambling discussion / Re: When is Gambling Like Investing on: May 23, 2017, 09:03:56 PM
Gambling is like investing, except with greater risk & greater rewards.

Investors examine a prospectus, stock options, do comparison shopping searching for undervalued assets to invest in.

Sport gamblers examine athletic stats, win loss records, trends, game history & other variables searching for the right team or athlete to bet on.

4703  Economy / Economics / Re: Smart Passive Income on: May 23, 2017, 08:40:35 PM
Patreon, gofundme, kickstarter, t-shirt apparel stores, ebooks seem like some of the more popular options people are using to start up their websites these days. A lot of options relating to advertisements aren't as effective due to more using ad blockers, etc. There may also be some de-monetization with youtube ads which are controversial, etc.
4704  Economy / Economics / Re: Bitcoin as a new World Central Bank on: May 23, 2017, 08:37:07 PM
Central banks centralize portions of the economy to make it easier to control and regulate. This has a double edged effect. On one hand: it simplifies matters. On the other hand: the centralization can reduce innovation & industry advancement as we've seen many banking industries stagnate and fail to progress or evolve over a span of decades.

Bitcoin being decentralized in theory lends it towards being the opposite of a central bank. However it being self regulated by cryptographic function could eliminate and even outperform "regulation" to a degree which could recommend it as being an international reserve currency with the potential to be more stable and reliable than currencies regulated by people who are prone to bias.
4705  Economy / Gambling discussion / Re: UFC FN 109: Gustafsson vs Teixeira on: May 23, 2017, 07:39:00 PM
This card is in sweden & will air 8-12 hours earlier than normal.

Neither Gustafsson nor Teixeira looked particularly good in their last fights. Gustafsson outwrestled Blaskowitz & didn't look to be in good form. Teixeira easily outwrestled Jared Cannonier except for one punch Cannonier landed that rocked Teixeira.

Some fighters like Nico Musoke haven't fought in 2 years. Many new names and faces who have never fought in the UFC before on this card also.
4706  Economy / Gambling discussion / Re: 2016/17 NBA Season on: May 22, 2017, 10:20:30 PM
The spurs played very well last game despite not having Kawhi Leonard. I was really surprised at how close of a game it was. Much better than the spur's regular season games where they got obliterated anytime Kawhi Leonard didn't play.

Hoping for another good game, tonight. The warriors have an opportunity to finish the playoff games undefeated & make history. It won't be as great as it would if Kawhi Leonard was playing. But with the cavs dropping their game to the celtics. Definitely the last chance for it to happen this season.
4707  Economy / Economics / Re: The Era of P&D Is Over on: May 22, 2017, 09:53:46 PM
Pump/dump is still possible. With higher trading volumes, it takes more money to accomplish it today than it did in the past when trading volumes were much lower. Today pump/dump might take more cash than is feasible & not be worth it in terms of risk versus reward. That's the only thing that has changed.

Even if btc isn't feasible for pump/dump, there will still be many altcoins with lower trading volume where its a normal thing.
4708  Bitcoin / Bitcoin Discussion / Re: How darknet drug-dealers keep their privacy ? on: May 22, 2017, 09:45:53 PM
The stereotype for CCTV camera operators could be someone who is paid low wages, who is not well trained to do their job, on top of that they probably have a high number of cameras for each employee to watch which makes it difficult to keep track of everything that is going on.

CCTV's are not a system designed to reduce crime. They're designed to boost profit margins of the state so that the state can collect funds from the poor to middle class and redistribute the money to the wealthy and powerful, where they are needed least.
4709  Economy / Economics / Will the European Union being $12 trillion in debt devalue the euro? on: May 22, 2017, 09:33:03 PM


The european union being $12 trillion in debt seems like a neglected topic that is seldom raised or discussed.

If the united states being $20 trillion in debt is leading many nations to get rid of the us dollars they're holding, should the same precedent apply to the euro with the european union holding a large deficit?

Also -- if both the us dollar and the euro are headed towards devaluation & possible hyperinflation, does this open the door to crypto and bitcoin gaining a much larger userbase with higher demand in the future?

What are everyone's thoughts on this?   Huh
4710  Bitcoin / Bitcoin Discussion / Re: Power Usage for Bitcoin on: May 22, 2017, 12:52:42 AM
Many electricity utilities in the united states have stopped paying home owners $$ for installing solar panels on their homes which generate more power than they consume, leaving the electrical grid with a surplus of electricity.

As far as the united states goes, there already is too large a surplus of electricity on the grid. There are too many power plants generating power.

Electrical consumption isn't likely to be an issue for a long time. There's zero reason to be concerned with electrical use with so many switching to off grid/grid tied solar or wind power solutions.
4711  Bitcoin / Bitcoin Discussion / Re: IRS Probe of Bitcoin Goes Too Far, GOP Warns on: May 22, 2017, 12:48:50 AM
Good news story. The republicans likely do have a legitimate point that the IRS is overstepping their own rules by initiating a deep probe into coinbase. A lot of the information gathering methods the IRS is engaging in were likely passed for fighting terrorism. They weren't legislated to allow the IRS to do these types of inquiries.
4712  Economy / Marketplace / Re: how earn btc from online??? on: May 21, 2017, 09:54:04 PM
Of course it is. You don't have to be experienced to know that.
Most faucets are paying 30-40 satoshi as reward for solving captcha and closing lots of pop ups and pop under. It's not worth of time.

I've been using moonbit.co.in

It pays around 12,000 satoshi per week, visiting their site a few times each day.

Not great but much better & easier to use than faucets.

Moondoge.co.in and moonliteco.in aren't bad either.
4713  Economy / Economics / Re: [idea] A federal reserve system for bitcoin on: May 21, 2017, 09:42:16 PM
Why hold "50% fiat" in an era where state deficits are large and unsustainable with hyperinflation and fiat devaluation being likely prospects in the future? The united states economy being $20 trillion in debt is the reason savvy investors and countries like russia, japan and australia are shifting their holdings as far away from american fiat as possible.

The EU is very similar to the dollar in many ways & its value is likely to decrease. Many EU nations are giving illegal immigrants free welfare and healthcare which threatens to further impoverish their holdings, dragging their fiat value down with it. Especially if more nations commit to #brexit.

There are no advantages to holding euros with many disadvantages lurking on the horizon.

It might be better to hold 50% bitcoin / 50% gold or silver. With deficit and debt & concerns over currency devaluation the value of gold/silver is likely to increase, esp if currency devaluation/hyperinflation becomes real.
4714  Bitcoin / Bitcoin Discussion / Re: This is the first mainstream CNBC video in defense of bitcoin on: May 20, 2017, 09:50:34 PM
 Cheesy  The news caster must secretly be holding lots of btc.  Cheesy

That's the reason they normally have a disclaimer saying they're not invested in the stock/commodity they're giving a positive review for.

I wonder how many celebrities and famous people on tv are closet btc supporters. A lot of politicians and high ranking military engage in insider trading. Wouldn't be surprised to learn many of them are holding btc or crypto.
4715  Economy / Exchanges / Re: Why don't exchanges run their own bots? on: May 20, 2017, 09:37:56 PM
Some exchanges have $16,000,000 in buy orders at any given time. They charge a 5% withdraw fee.

What's 5% of $16 million? $800,000. For those running an exchange making $800,000 tops, even at a conservative estimate of that amount its a good chunk of money. Not certain how much cash bot authors are raking in. It would be interesting if that number could be quantified and compared to potential profits on trades and withdrawals on exchanges.

One reason exchanges might not want to provide traders with bots is, if the bot made a bad trade people could get the idea the exchange deliberately authored a bad bot designed to make them lose money. Some industries like forex are accused of following similar practices where the trading software they provide can be extremely flawed at times & designed for traders to lose money.
4716  Economy / Gambling discussion / Re: UFC 213: Bisping vs GSP Info and Prediction Thread on: May 20, 2017, 09:25:03 PM
Anyone tuning in to watch invicta today? There will be three former UFC fighters on the card Elizabeth Phillips, Kelly Faszholz and Roxanne Modafferi. I think there also was a Titan FC card yesterday with some former UFC fighters. MMA's support seems to be increasing. Always a good thing, am I right?

 Cool

Hope they find someone good to fill in for Bisping vs GSP @ UFC 213. Looks like it may already be too late?
4717  Economy / Economics / Re: When is the bitcoin ETF getting rejected again? on: May 20, 2017, 08:40:25 PM
I wish they'd give up on the ETF. It doesn't do anything other than push the price of BTC/crypto down whenever the SEC denies the proposal. It gives many the false notion the SEC is a legitimate & objective regulatory agency that cares about the interests of average people & acts in favor of the greater good. In reality the SEC will likely follow the milkman paradigm where they stall on measures the public demands, until people are willing to accept anything. The US federal government stalled on healthcare reform for decades until americans were desperate enough to accept obamacare and 20 tax hikes to pay for it. The SEC will likely follow the same plan with a BTC ETF. They'll stall and wait until people are desperate enough to accept regulation and centralized control.
4718  Economy / Economics / Re: If USD falls on: May 20, 2017, 08:27:50 PM
If (when) usd falls.

People will look for things to invest their money in to prevent their wealth from losing value as the dollar falls.

Many will buy gold, silver, jewels. Some will buy color tv's, electronics since they're not bad at holding value.

Others will buy bitcoin. It could increase demand for crypto which in turn would case the value and price of bitcoin to increase.
4719  Economy / Economics / Re: The effect of Brexit on Bitcoin. on: May 19, 2017, 10:49:06 PM
Brexit represents decentralized government with the EU representing centralization.

Decentralized government is good for bitcoin in most scenarios, afaik.

Even in the united states, decentralized government is far better for passing things like marijuana decriminalization whereas the centralized federal government is  ineffective and extremely slow when it comes to supporting new or progressive measures which citizens heavily support.

4720  Economy / Economics / Re: Hacks & puppets & forks - how to destroy bitcoin on: May 19, 2017, 10:36:42 PM
IMHO it's also important - the capitalization of Bitcoin - is only 30.000.000.000 $. There are a lot of powerful funds or some companies, how have much more money. So if they want - they can push / pump/ hold / sell. They have enough power to destroy Bitcoin.

They can destroy bitcoin.

If they want to make it obvious they oppose innovation and progress which benefit civilization & make themselves look guilty.

They usually prefer to be described as philanthropists who donate money to charity and have a net positive effect on society, rather than the opposite.

I'm not certain they want to paint themselves as being villains with mass discontent on the horizon.
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