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681  Economy / Service Discussion / Re: Why don't people realize the problems with cloud mining? on: January 27, 2018, 09:13:41 PM
First newbies hears about a profitable currency called Bitcoin, then they search about it on Google and join some Facebook groups and there they find several referral links of legit cloud minings and people saying it's the future's business, it's an easy way to produce passive income. So the newbie connect the points and start dreaming about this, especially after calculating ROI on cloud mining sites (these calculations are wrong and use today's rates as it would last for months or years). The point is that the cloud mining owners and the referrers omit the fact that the income decreases each new day.

In some cases show proofs that the ROI was achieved, but in Dollars and never in BTCs... It's profit anyway, good, but it could be much better if you had bought Bitcoins instead of mining it on the cloud.

I just don't think it's newbie's greed, they see the opportunity to have a legit passive income, so they go for it. Their only fault is to not investigate this kind of investment better.
682  Economy / Economics / Re: Imagine that economy that we know it today is not needed.... on: January 27, 2018, 07:43:52 PM
You mean a society where money isn't needed anymore, profit isn't a goal anymore?

In a material world I think it's impossible to happen. What makes the big engine move are the necessities each one of us have to live decently. A society without these trades between people is a dead society, where nothing more is produced (technology, knowledge, discussions...). In a place like this Crypto-Currency wouldn't even be created...

Communists "dreamers" want people to believe a perfect equal society would be a solution for everything, but that is impossible as people aren't equal. Each one is unexampled and the decisons this person takes in life will decide his success or defeat. If everyone is equal by forced ways, the honest and the dishonest will have the same value on this society. The worker, who produces, and the vagabond, that only consumes, will have the same value and tools disponible.

So why would anyone want to work hard and develop something on a society like this? People won't appreciate it...
Why to work in a society like this? Just to survive?

We are in this world to thrive and to be fair with each other. Voluntary trades among people are necessary and vital for the progress of our existence.
683  Economy / Gambling discussion / Re: Why do you play for fun using real money? on: January 27, 2018, 06:54:12 PM
Simply because when you play with real money you are gambling, and when you are playing without real money you are just playing... The excitement feeling is different, your imagination doesn't go ahead. Even if you gamble for fun, your imagination creates different possibilities, like winning some nice amount of money. It "plays" with our brain, our emotional. Without money makes no sense, losing, winning... Both will result in nothing.

Gamblers play to feel satisfaction in the end, without money they won't feel anything...
I don't see any logic in playing game which purpose is only to win or lose money and saying that you are not doing it for money. After all, many people are using dicebots and scripts to play, so tell me, where is fun it that if everyone plays for fun?

I believe we play for money too, but it's not the mainly reason, that is the difference.

We are just not seeing gambling as method to make profit, it's a common mistake many people commit, trying to use gambling as it was trading for an example.

About these people using bots to gamble I don't know where is the fun as they aren't really playing, but just setting some configurations to gamble afk.  Smiley
(Maybe it's fun for them to watch the bot working hehe).
684  Economy / Gambling discussion / Re: Why do you play for fun using real money? on: January 27, 2018, 06:13:21 PM
Simply because when you play with real money you are gambling, and when you are playing without real money you are just playing... The excitement feeling is different, your imagination doesn't go ahead. Even if you gamble for fun, your imagination creates different possibilities, like winning some nice amount of money. It "plays" with our brain, our emotional. Without money makes no sense, losing, winning... Both will result in nothing.

Gamblers play to feel satisfaction in the end, without money they won't feel anything...
685  Bitcoin / Bitcoin Discussion / Re: 7 safest investments. Why Bitcoin & crypto currencies ?? on: January 27, 2018, 05:40:50 PM
You can investment your money in land, house, gold, silver, stock markets, fixed deposits & savings in banks, start some business or invest in some business (like restaurant, hotels etc..)

Actually Bitcoin and crypto currencies are not required/unwanted  Grin

I agree, some of these investments you listed are very interesting for me, but I don't have enough money to invest on them.  Smiley
(And some others aren't very profitable...)

With Bitcoin it's different, I don't need a large sum of money to invest. If I have only $100, it's already enough to buy some satoshis to hold and the profitability is higher than those safe investments you listed with a relative low risk if we compare the proportion between risk and profit.

Bitcoin made investment a concrete option even for that person with low budget, that is amazing.
686  Economy / Trading Discussion / Re: Why is bitcoin price so stable in 2018? on: January 27, 2018, 04:25:58 PM
Price manipulation is a good possibility. Or, lack of updates in BTC. Investors put some pression in Bitcoin to fix the issue with expensive fees and slow transactions by letting the price "tepid". Sooner as more news about Lightning Network appears, Bitcoin price will start increasing its price again with a promise of huge pump when it's implemented. The problem is that there isn't a prevision date yet.
687  Economy / Economics / Re: bloated economy on: January 27, 2018, 04:09:34 PM
For the Crypto economy it's technically good, as there is even more money being invested, doesn't matter if the project is a junk or not... But then we need to ask ourselves what do we want, quality or quantity? I believe on long term quality always worth more than quantity, and in this case it reflects precisely on Crypto-Currency's reputation. If many junk ICOs appear, people will complain about it and will discourage new investors to join Crypto investments in general.

However, it's out of our control, what you can do is to choose not invest and let these projects die for themselves.
And at same time, advicing people to not invest as well.
688  Bitcoin / Bitcoin Discussion / Re: Conducting a Study/Proposal for Bitcoin on: January 27, 2018, 04:06:36 AM
It's always a good idea to share knowledge and promote discussions about Crypto-Currency, especially in such places where the awareness levels are too low. In an informal way it's very simple to introduce people into Crypto-Currency subject, but formally it's harder, as teachers will need permissions to apply this specific theme on their lessons. Try to do it simpler as possible, informally would be better for now.
689  Economy / Economics / Re: Will bitcoin effect the current economy system? on: January 26, 2018, 06:55:19 PM
Yes I believe it will or it already has. The issue governments have with it is relative proof
that it is working it's magic. With it's decentralized structure and anonymity feature, it
garnered people's support thus raising concerns to governments who has no direct control
over it. But governments are surely noticing this and soon that interference and intervention
we all predicted will happen and that will determine the severity of bitcoin's effect. Anything
that involves money on a bigger scale of market will always affect the economy and with
the government as well.

I would say it's already happening, yes. Some people were looking for a new way to make deals, and then Bitcoin attended to their needs, with its features. Then, more people started having interest on it, increasing the demand, consequently increasing the price, turning Bitcoin into a very profitable investment, boosted by the fact more developers created their own projects based on Bitcoin's technology.

It generated a big impact on individual's economies at first point (not the country). But what is the country than a lot of individuals? If the citizen's economy is doing well, the country's economy is doing well. But for some reason the governments aren't happy... Maybe because now they occupy a secondary role in the history? Maybe because when the individual becomes stronger, the statal machine loses power?

So surely many governments will try to stop Bitcoin or decrease its strength. The Crypto's enthusiasts just need to be prepared to make their wishes be heared when the time comes...
690  Economy / Economics / Re: The lack of financial education on: January 26, 2018, 06:26:44 PM
I think that education is schools is missing more than just education of finances.
When the teenagers leave school, they have no idea what insurances are needed in life, or what to do when they are unemployed.
There should be a school subject called practical life.
Some basic edjucation about how life in the country you live in works.
Maybe, because they are not obliged to focus in it they were paid for them to focus on personal character, as school is just there for us to build our good personality, they teach us to be disciplined and how to value time more than anything else just like money. It is okay for me if my children won't learn such thing as I want as their parent to teach it for their future preference.

Financial education is part of personal character. If it was taught at schools, we would have more discussions and questioning from student's side. If you want to build personal character you must give the individual the chance to questionate the currently system he is integrated, so you won't have a blind fool following rules without knowing why he is doing that (most students, academics are functional illiterate).

So the individual plays the system's game. And what you most see these days are unorganized lives: people in debt all the time, consuming even more stuff without enough money, unstable emotional life and so on... Reflex of a weak educational system, that teaches children to be sheeps.
691  Economy / Gambling discussion / Re: Does your family past incidents effect you? on: January 26, 2018, 05:42:23 PM
How old is the person you're talking about? If he's an adult, I don't really see how his family could really stop him from gambling with his own money.
It's understandable though that they're trying to prevent him make the same mistakes as his uncle, but if he's older than 21 they can't.

I'm not really sure if an addictive personality is hereditary, but I've found one source that says it is.
So he might be smart to abstain from gambling.

Source:
http://learn.genetics.utah.edu/content/addiction/genes/

In the end, it's really up to him if he want to roll the dice on becoming addicted or not, seems like he would have an increased chance of that happening.

There is a good chance it can be inheritable. And personally, it's a bit curious a person who had an uncle in a desastrous situation like that, and now is wanting to gamble too... Why is this young enchanted for gambling knowing it was very harmful for his family?

At first point it can be his own decision to gamble or not, but it's necessary to keep in mind that if he is an addicted person the problem won't be only his, but the whole family will suffer again... To not be radical, a family member could go with him to a casino or stay with him during an online casino game, observing his behavior until reaching to the conclusion he is safe to play by himself or not.
692  Bitcoin / Legal / Re: Not Declaring Bitcoin Income on: January 26, 2018, 05:15:48 PM
Here in my country which is now an upcoming tiger economy (though we are still classified as a third-world country), we are free to participate in Bitcoin both buying and selling as the government is treating Bitcoin just like any other foreiign money.

However, I am sure that only a very, very small fraction of us are declaring our Bitcoin income. It seems to me that the government is not that interested to get strict with individuals as long as they can tax the Bitcoin exchange provider for the service rendered.

I am then wondering the situation with other countries. Can your government really be able to track if you never declared gains made from Bitcoin transactions?
I have already heard some rumors that my country would have the plan on regulating bitcoin and this would really be a bad thing for me since I'm a tax evader and I don't like to pay up taxes related on my bitcoin earnings knowing that government do impose 12% tax and that's too much. Imagine you do have 1 btc and they will get 0.12 on that one which is too much.
How did they imposed taxed in not physical money what is their basis?
How they do tracked the transactions of every bitcoin earners?
They consider how many people are using bitcoin? What blockchain they used to collect taxed from all bitcoin earners?
I do not think government can make a law in digital currency no one can regulates bitcoin, government only support bitcoin and they cant earn money for the people who earn bitcoin even it is fully adopted by their government.
Even if they would fully adopt bitcoin they cant still impose taxes directly or to itself maybe on exchanges or on other regulated services which have being used by bitcoiners but on other hidden transactions then its not possible this is somehow the reason why government wont really consider bitcoin to be adopted because of this taxation matter besides if people would able to earn some decent amount on bitcoin form they wontt really tend to disclose or declare because of tax deduction.
Income tax has been an issue recently since the price hike, nowadays government havent create any regulations about bitcoin taxes yet. So basically when we mining and gain bitcoin, thats not an issue because they dont have any regulations nor any capability to track every single transactions of the users. However when we converting the bitcoin into our own currency, some government will apply income tax based of how much money you gain from a single transaction, in my country as example i also struggling with bitcoin converting in every single transaction we made, it will be going through bank and government before going into our wallet. But there will always be a legal way to help us getting our own money, i suggest asking for tax accountant rather than asking in forum, because every country has their own tax regulations and there will always be ways to make money from that  Grin
Going back in the past on where banks here on my place doesn't really care about those transactions but the time comes that people involve on crypto did able to cash out millions of local fiat currency which really alarms them and now they are imposing strict compliance and regulations about on those accounts specially on banks. If they do find out you are engaging on crypto you would really be questioned about it.

While your money is in BTCs or any other AltCoin there isn't problem, the government will do nothing about it, but once you start converting large amounts to fiat their alarm will sound. I think it's very unfair to pay expensive taxes, especially if the services in our countries are poor and the corruption levels are high. So what you can do is to withdraw your profit in small amounts, to stay below the government's radar.

It's not illegal, and you are protecting your patrimony. The negative point is that you won't cashout large sums of money fast.
693  Economy / Trading Discussion / Re: Many are not prepared: on: January 26, 2018, 04:09:59 AM
What is the coin? Or we need to find it ourselves from the 1000s of coin? Or you talking of btc breakout?
I think the op is talking in the general sense, what it happens is that many people want to enter in a market and want it to skyrocket immediately and that is not the way it happens, you need to find a coins and invest when things are not looking that good then if the project is any good it will begin to show signs that is ready to grow and eventually everyone wants to get in and that is when it skyrockets, those that invest at that point may get 2x or 3x max but those that took a position early can earn 10x to 20x easily.

If we are talking about Crypto-Currencies in general I think it's too risky, no?
The x2, x3 profit might not happen... And the profit result can be negative.

When things aren't looking that good for an AltCoin it's probably already dead. Some main AltCoins don't follow this pattern, but many of them yes.
I would invest only in Bitcoin this way. That is the only currency I trust would surely recover even if it looks too decrepit at the currently moment.
694  Bitcoin / Bitcoin Discussion / Re: What stage of adoption is Crypto currently at? on: January 25, 2018, 11:18:50 PM
Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?

Definitely not. Most people already know what cryptocurrency is. Even my friends at uni are already talking about and have a chat group for it LOL. This is unheard of in 2013. Take a look at this picture



I think we're already at stage 4 — maturity. People who joined recently are considered late majority. One thing, I really hope we don't have to see the decline of cryptocurrency in our lifetime. There are still a lot of things to be developed in crypto, a lot of innovation could be made, so that cycle of adoption could always be renewed/revised.
When we do talk about bitcoin existence awareness including altcoins in the market then we are on stage on where it is already becoming the trend and i do believe we are still on the middle where theres still people which doesnt even know cryptocurrency exist. We are not on early adoption stage since bitcoin is already 8 years but one thing is rest assured this thing will really go further. Choosing on the visual i can say we are on stage 3.

Innovation of new altcoins is the result of cryptos' adaption. We are in the second stage of earlier stage. Econony started experiencing new cryto flavour. In return, every crypto user adapting new lifestyle. Blockchain technology as well is adapted in major sectors to protect their assets documents and other imortant sources. Our next generation is going to live a real crypto life in the following decades.

In my opinion we are at third stage, "Growth". There isn't a consistent/mature majority yet, but from the middle of 2017 on things became more interesting, resulting in huge bumps in BTC price and network's overloading (I believe that was the right moment we passed to third stage). Indeed new AltCoins are appearing in quantity, but I think the Early Adopters' age is now in the past, those coming to invest at this moment are coming by the hands of the Early Adopters, who turned the AltCoins niche into what we see today.
695  Economy / Gambling discussion / Re: When do you know its time to Stop? on: January 25, 2018, 09:24:33 PM
If you have a high tendency to not stop until busting, then I came across these tips which do help:

  • Don't put all your available bankroll directly in the game (in case you're using deposits). Leave always at least half outside as a security measure if you go bust.
  • One must stop after reaching a certain goal, The goal should be predetermined and shouldn't be changed during the play.
  • If you're doing really good, withdraw part of your earnings (if you can, ofc) to avoid losing it all in one go.

Having a big bankroll can make you feel falsely safe in that "oh I'll just keep increasing my bet until I win" but alas, the 30 reds in a row do exist, and will come. Do not let them take it all.

The goal you make should be realistic and firm, Don't change it or else be prepared to face bad consequences.

You gotta fight back the voice that screams inside your brain "Come on, double again and we recover!".

You know when to stop when the reason you are playing is to earn more, to get more. The point of gambling is to be entertained or to release stress or something. Gambling is supposed to be fun and entertainment and having another reason than not are purely greed and emotional and that’s whn you know its time to stop and hold down your chips and know there is something wrong

That is a good argument. When I was newbie I thought Crypto-Currency gambling could really allow us to make profit on long term (with minimum and automatic bets), so I thought it was a money making method, if you used the right strategy. Then after losing some money and thinking better about it I reached the conclusion strategies don't affect anything on long term, and all those trying to double their money in a regular basis will end losing everything.

Then it's not different from fiat gambling. The land based casinos are crowded, not with the poor guys trying to double their money, but with the average/rich guys having a moment of entertainment. And that is all, only entertainment. So what you say is very right.
696  Bitcoin / Legal / Re: Small Island Nations - should they have their own Crypto currencies? on: January 25, 2018, 08:02:30 PM
For now I think it would be useful for them to attract Crypto investors from the world to their nations. These little countries don't have a big income, so they could see the difficults developers and businessesmen are having in other countries and offer to these businessmen advantages on theirs. Advantages like cheaper taxes, more friendly rules to Crypto-Currency development.

Or they could follow an example of another island nation, Vanuatu, and sell citizenship for Bitcoins: http://fortune.com/2017/10/10/vanuatu-accepts-bitcoin-for-citizenship/

I don't think creating their own Crypto-Currency would be a better deal, as they need foreigners to bump their economy, why not use a currency that is already used by foreigners (Bitcoin)?
697  Economy / Micro Earnings / Re: SuperBitcoinOnline.com faucet with news! on: January 25, 2018, 06:36:22 PM
What is the minimum payout and where to click to withdraw?

Claimed 3 satoshis, thanks, but it's a very low reward for 10 minutes faucet countdown...

Also the site has mining activity (JS:Miner-C [Trj]), you should add this information on your post, some people don't like to be surprised by this when they open the site's link.
698  Economy / Micro Earnings / Re: DogecoinFree- The new old time tap! New faucet. on: January 25, 2018, 06:12:50 PM
The intention is good, but the reward is too low... It's indeed easy and simple to claim like in the old times, but the reward isn't the same of old times.  Cheesy

Got 0.05 DOGE, about $0.0003 in Dollar currency. Thanks for that anyway!

(I think you need to adapt your site to the new times if you want to have some traffic and income, good luck!)
699  Economy / Trading Discussion / Re: Leave full time office job to trade crypto? on: January 25, 2018, 04:52:23 PM
If you can do both cryptocurrency and job, why leave any of these two? It is good to have a fixed income for your daily needs and bills. Cryptocurrency can give you much higher profit but higher risk as well. I have a full time job and can do crypto without stressing myself. I earned monthly and have a passive income weekly. Better than leaving one.

I think this way too. But seems some people like to live unstably, each day is a new surprise for them. It's like those who work with stock markets, they say in some months they are rich, but a month later they are poor and it takes more few months to recover their money and become rich again and so on... It's an uncertain life with so many surprises (positive and negative), it's like to live on a rollercoaster. I wouldn't like this life style for myself.  Cheesy
700  Alternate cryptocurrencies / Altcoin Discussion / Re: Freedom for ICOs?!?! on: January 25, 2018, 04:18:58 PM
In my opinion, somehow ICO's regulation will be in favour of investors. Scam ICO's has left a negative image in mind of the investors, in consequence, genuine ICO companies like KickCity etc also do not get proper investors attention and unable to collect necessary crowdfunding.
Regulation in ICO's will give confidence and encourage investors to invest in ICO without any hesitation and fear.

Depend the regulation. If it's a soft regulation it's not a problem at all, but some agressive regulations can harm the ICO's business in general on the respective country. The truth behind the ICO regulations isn't the protection authorities want to give to investors, but the fear they have to continue losing money from taxes, as people are using ICOs as money laudering method.

Also, if a country is too strict about ICOs, the developer will just move himself to a more friendly country to execute his plans.
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