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8301  Economy / Economics / Re: Lost Bitcoins on: February 22, 2018, 08:48:36 PM
When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?

Well it already happened as what @cynical has pointed out.

I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

There's also the factor of the next bitcoin halving. So it means that bitcoin will be really scarce, meaning the price could literally skyrocketed in the future so I don't think that we can see diminishing returns as you trying to picture out. As for altcoins, they will simple die a natural death, but its not applicable to bitcoin.
8302  Bitcoin / Legal / Re: Is Hawaii the best state to incorporate in for tax? on: February 22, 2018, 08:24:45 PM
Very impressive these insanely low property tax rates. I however think for that exact reason, these states will not classify crypto as property. If you look at how massive the long term growth potential is for crypto, then it's pretty safe to say that they will classify crypto as something that will bring in +20% in tax income annually. From there I would definitely advice people to remain conservative if anyone is planning to actually make a move to one of these states. Unless one of these states tries to become the crypto hotspot within the US, there is no way I realistically see crypto be put in the property category. Governments smell money, and that's what crypto's booming market allows them to have....

I agree with your comments. I'm sure that when the US government sees crypto as potential to get more tax then they will change their stands and will put another classification that will fall in the category of 20%-30% tax.

Interesting to note as well that Russia's own back up cryptocurrency is pegged around 28% so most probably I would surmise that it can also go around that ballpark.

It will be heavily tax in the US that's for sure and I don't think that there will be like crypto hub as well.
8303  Alternate cryptocurrencies / Speculation (Altcoins) / Trade.io (TIO) on: February 22, 2018, 07:54:18 PM
Hello everyone,

I'm really interested in investing in this token during its Pre-ICO and ICO sales however, I don't have the funds needed that time. But now I have save enough I have done my homework about this tokens. However, I was a bit disappointed when the price suddenly plummeted from $1.xx to $.020-.040 and it looks like all the hype around it suddenly died. But I still believed that in can bounce back, just needed a little positive news. My question is:

1. What do you think will be the price in the long run?
2. Any news that you are aware that can really push the price even further in the future?
3. How much price do you think it can go lets say in the next 6 months or so?

I will give sMerit (1 point each) to the first 5 person who can answer the questions above. I don't need 1-2 line shit posting here. What I'm looking is a honest and unbiased view on TIO.
8304  Bitcoin / Bitcoin Discussion / Re: John McAfee crypto survey on Twitter shows surprising result on: February 22, 2018, 06:52:00 PM
I stop following McAffee when he started to act crazy and then made excuse that his account was hacked. Such trivial man.

Not following him. But I heard that his twitter account has hacked, well that's according to him.

It doesn't stop to amaze me, that both McAffee and Kaspersky, the two antivirus gurus, grow to be the bitcoin gurus as well. Is there something more than that to it? Maybe they are trying to grow their emporiums in crypto space as well? Just some food for thought, though....

McAfee is not a bitcoin Guru or a crypto Guru. He's just a famous guy with an opinion. The only reason following his opinions has any value is because so many people think that he knows what he's talking about. There are so many better informed people than McAfee who get little or no recognition and attention.

I was not saying he "is" crypto guru, but please note that he is featured in crypto-news for the second time this last week: the first time was his prediction for bitcoin price, this survey is the second time. So I am thinking that maybe he "aspires to become" a crypto guru, don't you think?

He is more of an influencer than a crypto guru. But he is so eccentric that others fine his "coin of the day" interesting. But then again, where is he when Bitcoin wasn't even in the mainstream media? He just appeared sometime last year and made controversial remarks like eating his manhood if bitcoin doesn't reach 1 million.



For me the survey doesn't bring anything on the table. It's just another number that doesn't add up to something. He can even create a new survey and I'm sure it will have a different result.
8305  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin fame in the future on: February 22, 2018, 05:56:18 PM
Bitcoin fame in the future

is there any alt coin that will match the bitcoin fame in the future.
about whether the bitcoin will be replaced by alt coins as a crypto


As far as I know, there no coin that can even match bitcoin in terms of its popularity. I consider bitcoin as a household name today. Crytpocurrency=Bitcoin. And you will find countless article in the web about it (positive or negative). So I don't see any coins right now that can even challenge its dominance. Ethereum and Ripple both tried but the so called 'Flippening' did not happened.

But in this industry, anything is possible though, there might be a coin someday that will come out and replace it, but with the current set of altcoins, I don't see anything getting close its terms of popularity and market dominance. Many hard tried but all of them failed (Ethereum, Ripple, and Bitcoin Cash).
8306  Economy / Marketplace / Re: upwork job offers that pay bitcoin. on: February 20, 2018, 03:38:28 PM
For me, 60% of my client from Upwork agreed to pay in Bitcoin.
However, it's against Upwork's rule to be paid outside their service.
You should be extremely careful about this, especially when you chat with your client
They will review your chat log and lock your account.

When I used to work with Odesk (now Upwork), I have one clients who pay me in directly to may Paypal accounts. I know its against their TOS but we have make it a point that we will not used their tools to track our chats.

But I've been away for so long that I don't know they there are clients now that are willing to pay their workers with bitcoins. Yes, you should be very careful if the clients decides to pay you in bitcoin. But I'm really surprise though.

I've been a Odesk worker since 2009 when it was still young and only few workers. I was lucky though that I have maintained a client for 3 long years. Sadly though, it has to end so after that I never entertained any clients and my odesk account has been sleeping for more than 5 years now. I would say that I made tons of money back then.
8307  Bitcoin / Press / Re: [2018-02-18] 64% OF GERMANS AWARE OF BITCOIN on: February 20, 2018, 02:48:16 PM
That's a great news from Germany, leader to the automation happening around the world. Germany haven't made big regulation on the use of bitcoin, as well it hasn't promoted bitcoin through any sources. This shows the neutral stand of Germany on bitcoin which is required for advancement and growth.

I'm sorry to tell you that you are wrong. Please read here:

http://www.telegraph.co.uk/technology/2018/02/09/france-germany-demand-bitcoin-clampdown/

They are not in neutral grounds but wants a complete hammer ban on everything related to cryptos. They are pursuing in the G20 summit next month a joint proposal on regulating bitcoins.

That's why they really wanted to cut the heads while it is still early because Germany is one country that bitcoin and crypto will suddenly explode. The government wants to control it at the very beginning to not cause any harm on their economics, well that's according to them.
8308  Economy / Speculation / Re: Bitcoins' pullback is over! on: February 20, 2018, 02:20:24 PM
Now is definitely a good time to invest if you're in it for the long term. The recovery to the current price should attract a lot of longer term investors who were put off because they thought a recovery might not happen. Of course bitcoin could dip again but similarly it could reach a new ATH soon.

13 days ago was way better time to buy Bitcoin. You could almost double your investment by now.  That is a huge profit for those that are willing to take a risk. 

Correct. I'm just discussing it with a friend of mine 2 days ago. We could have made huge profit by today, almost doubled our money. But we didn't. Not that we are afraid to take risk, but we don't have money to invest that time and we don't want to borrow from someone.

Now is definitely a good time to invest if you're in it for the long term. The recovery to the current price should attract a lot of longer term investors who were put off because they thought a recovery might not happen. Of course bitcoin could dip again but similarly it could reach a new ATH soon.

We could not really so sure that the threat of corrections is gone so better if we should not be so confident that this current value rise up is what we have waiting for. There are lot of experts that dip still is in there that by the end of this 1sr Quarter another dip will coming but after that it will rise up again until it will reach ATH of $25K for this year but still i hope that this development that are happening in the world in favor Bitcoin will eliminate the threat.

The dip and the subsequent dump was long overdue. There are a lot of irrational buyers during the December peak that got burned last month alone. They are not experts, those are people who just created FUD to spread fear among investors. The experts that I have read says the bottom is $6K which we hit and then it never go down below that. Now we see the price has pick up already and maybe a new all-time-high is just on the horizon.
8309  Economy / Speculation / Re: Are there any optimists left? Is $100K still possible? on: February 20, 2018, 12:48:31 PM
For the sake of those who bought at 20k, BTC has got to reach $100k. As many people had contributed to the pump to that level. However if it doesn't happen, it means that getting beyond 50k would be difficult.

I laugh at your comment dude. Those who have bought bitcoin at top price (around $15K-$19K) have already left the market. They have sold everything during the panic sells in January-February. There might be some few who returns back, but I don't those noobs will go invest on it again. They got burned early on their crypto investment careers. That's why you will see threads spreading FUD's because it fell short of their expectations to be rich.

But I agree that its going to be a big hurdle to get into the 6 digits range. We need to take it slowly and not rush things as its not healthy. A sudden rise means that we could crash anytime because the bubble will be burst.

I wouldn't put too much pressure on us getting to $100K. A price of around $50K will be good enough for me. Let's not be over confident and take everything in a slow stride if we break $100K then good, but if not, then I'm happy if we could touch $50K at the end of the year.
8310  Bitcoin / Legal / Re: Finally India PM accepts the adaptation of BITCOIN on: February 20, 2018, 12:22:40 PM
Like it or not, this Prime Minister or others will have to accept the blockchain in the future.
They can say many things good or bad, but they can't change the outcome.

You have to understand that blockchain and bitcoin are 2 different things. And as per tweet, India's PM is mentioning about Blockchain and not bitcoin. Sorry to burst the bubble but no need to celebrate here.

No reason to cheer just as yet. Blockchain has many other uses apart from the crypto currency and our PM is pointing on the other way. Probably using of blockchain technology in some areas like AI or workplace automation is on his mind. But I still doubt about the crypto currency. Indian government believes in strict decentralization and I am sure they are not going to adopt and legalize crypto currency very soon.

Correct, they may adapt blockchain though, but not bitcoin or crypto. They just curb out dirty money through demonetization recently. And adopting or even embracing bitcoin? Nah, I don't see it coming in the next years or so.

The thread title needs to be changed as our PM didn't talk anything about bitcoin or crypto currency. He has spoken about blockchain technology and it has many other uses apart from crypto currency. Eventually India will have to accept and legalize crypto currency because there is no way government can block this, but that is still under discussion and nothing has been confirmed yet. Please change the misleading thread subject.

I doubt that India though will accept crypto. Well they may, but with strict regulations. But an outright ban is not needed. India has been involved with crypto for so long that I believed that it has somewhat stimulated their economy because ordinary citizens now have more purchasing power coming from crypto earnings.
8311  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum can go under $600? on: February 20, 2018, 12:00:24 PM
If Bitcoin will continue to crash then ETH will also crash. So its really possible for ETH to go under $600. But many are positive that Bitcoin will rise again so ETH will also increase its value.
ETH and Bitcoin not always move in the same direction but for that to happen we need to have different views about the coins, right now most of the FUD that came was against cryptocurrencies in general and not only against bitcoin so it makes sense the whole market lost value and not only bitcoin, but if we get good news for bitcoin and bad news for ETH it makes sense bitcoin will go up while ETH goes down.

but sometimes, if bitcoin goes down, ethereum will follow goes down. and if bitcoin increases, ethereum will still go down. but ethereum could be down in under $600 if there is a big bad issue for ethereum itself or something bad that will make ethereum get down. but I am thinking about the ethereum dev that still gives a back up for the coins and the strong community that still supports the coins.

As you have said, anything is possible, it can go both ways. But right now Ethereum is going to $1K, although I felt that its a mental barrier for the investors unlike before wherein it breaks $1K with no sweat but this time is different.

But I don't think that it has correlations with bitcoin prices. Before I would have to agree with you, but the game has changed a lot. If you will notice around its December rally, both Bitcoin and Ethereum enjoyed a good price increase. Same goes with Litecoin, it no longer follows the path of Bitcoin.

Ethereum already etches its own destiny, its no longer affected on Bitcoin prices, they have its only investor based. There's no more shifting of cash around, which means that new faces are already getting into the market scene which is a good sign that more and more people are going into crypto now.
8312  Alternate cryptocurrencies / Speculation (Altcoins) / Re: eBitcoin [eBTC] Price speculation on: February 20, 2018, 11:23:44 AM
My vote is for $0.

eBTC doesn't offer anything to worth more than that. They made enough money from the airdrop and so on, it's time to be forgotten.

Your so mean man.  Grin. But I commended you for stating the truth. They coin will die naturally totally forgotten.

any altcoin that has another project's name in it, specially bitcoin's name will only last a little while and get pumped a couple of times before they die. they have nothing to offer to sustain them in long term. they are pure hype and hype doesn't last long.
and the more they create these types of coins the less their prices are going to be.

Exactly, why do they need to used Bitcoin's name? Its obvious that they just want to hype it. But I'm sure that there's nothing special about them, pump-and-dump, reaching all-time-high and then going back to absolute worthless.

If some of you guys have benefit from it then good, time to move on other coins and I don't think it will gain traction for long term investments. Get out early while you can.
8313  Bitcoin / Press / Re: 2018-02-19 Mysterious investor buys $344M Bitcoin during cryptocurrency slump on: February 20, 2018, 10:43:12 AM
Yet another so-called journalist regurgitating and embellishing this false story based on some newbie's mistaken tweet.

Exactly. Complete bollox. Why do peeps even bother posting this drivel.

Because journalist now are riding bitcoin's popularity. They completely write garbage news to attract clicks to their website. And you will also noticed that there are a lot of so called experts now. Looks like everyone has a Masters or PhD in bitcoin economics. They can see and predict that price movement.

Who is this? What a mysterious buyer) in fact, these guys will be more and more, very soon we will see a new wave of growth and, accordingly, a new influx of big money.

They may be group of people and now a single individual. We will not identify them because that's one huge amount to pour in the market. They will only surface if someone will go forward that they are the mysterious buyers, but I doubt it. Bitcoin address has no name attached to it.
8314  Bitcoin / Press / Re: [2018-02-16] Bank of America Has Filed More Cryptocurrency Patents Than Any Othe on: February 18, 2018, 11:51:26 PM
How surprising:) I thought banks were saying that bitcoin was a scam and that it would crash and burn? Well what do you know.

If anything, this should show everyone how legitimate cryptocurrencies are. The established players are speaking against it, but at the same time they are getting ready to go in once the wind starts blowing in the other direction. How hypocritical of them, but it shouldn't be surprising really.

Exactly, They are the first recipient Blockchain, the underlying technology behind bitcoin that's why I really find it sad that they have been bashing and attacking bitcoin ever since. But if you look closely the same technology that powered bitcoin is the same technology that they are looking at to improved the banking system.

Banks may rail against Bitcoin, but they are quietly pushing ahead on adopting blockchain. Implementing new technology won't be easy for the established banks, given their legacy systems and the huge amount of data which would have to be migrated. But banks (including Bank of America) would still like to sit on these patents.
The patents cornered by Craig Wright seem to be a joke to me. He seems to be trying to make up for not being accepted as the real Satoshi.

They are going to adopt bitcoin for sure because like I said, it will eliminate their paper works. And thru the ledger, banks and their branches can easily share information seamlessly. It may take time to migrate their legacy system, but if it will improved their business and cost wise then I say they will go for it.
8315  Economy / Trading Discussion / Re: Bearish trend is over on: February 18, 2018, 11:20:17 PM
"Over" is a very strong word, i do not think that it is over at 100%, but yes, it is almost over right now because everything is extremely bullish at the moment.

I am just expecting to see bitcoin going towards $14000 by next week at least.


I thought that the bearish is over, so I was quite surprise to see the price pulling back below $11K, so we are not still safe as far as the bearish sentiments is concern.

As for me $12K will be the next mental barrier. We need to broke it this week otherwise, we will see the bears going at it again. Although confidence is back, investors are still reluctant to pour there cash because there are a lot of paid schills going around the social media, claiming that cryptos specially bitcoin will go die and will go down to 0.

But I wouldn't listen to them, its better to do your own homework in crypto's rather than overcome by all the fake news going around the social media.
8316  Economy / Economics / Re: Bitcoin price "drop" on: February 18, 2018, 11:00:24 PM
it's okay. today has touched the number $ 11k again, and still continue to rise. is not it always like that every year. there is a phase where the price drops dramatically. making people panic about it at the end of selling all the bitcoins. and things get worse after bitcoin prices rise again in a few days Grin

Unfortunately, it make a pullback to the $10K levels again. I was happy to see it go to $11300 yesterday, but when I woke up I was surprised it is at $10K++. However, no need to worry as this is just a normal day ago. Profit taking is just normal, maybe those who have bought at the bottom ($6K) is cashing it out.

Its too early to call but in my opinion, the price will not fall below $10K, there's so much resistance at it so the price could pick up today and try to test $11K. I'm expecting that at the end of the month, assuming there's no FUD, we will be comfortable at $12K entering March.
8317  Economy / Economics / Re: Can you start from zero cash and make a living with the opportunities in crypto? on: February 18, 2018, 03:20:26 PM
Is not my case, I do have some savings so I didnīt start from absolutely nothing, but I had not much to start with. I am having a decent go at cryptos and I think it may be possible to make a living... What could be a good strategy?

Of course we can start from zero cash and make a living with the opportunities in crypto by means of joining the campaigns here in the forum and in social media just make sure that you qualified the qualifications needed to be able to join the campaigns and if had finished the campaign that would be the time they will pay us with coin and with that earnings we can trade and make a living out of it we just need to manage our earnings properly to avoid losses.

Exactly. I also started from scratch. I just joined signature campaigns and try to save as much. And then when I learn trading and decided to get my hands dirty, I used my saved bitcoin to channel funds for my trading activity. I think that's what most of us has done here. And some of us have been successful traders and earning tons of money.

Yes you can start with zero. I choose to start here by posting cause  there is no money involve and this is a big help for us broke people and opportunity to get involve with bitcoin. But dont just start with zero but start with positive mind, hardwork, patience and determination. And get motivated from others who changed their lives in a better living by the help of bitcoin.

I would say its one thing to earn, but if you don't have a positive mindset then I'm sure that you will fail. Joining campaigns is not that easy, you need patience as well to be able to grow your account overtime and have a good payment so that you will have enough funds for your trading.
8318  Economy / Speculation / Re: still at level 50/50 on: February 18, 2018, 02:22:04 PM
We have seen price charts rise slowly, btc prices around $ 10,500. Everyone knows that this price will increase again because it has become a hot potato.
By 2018 this will be a 50/50 situation that tends to go up and maybe yesterday it happened again. what do you think of this? are your thoughts the same as I think btc will rise to $ 20,000 in March? Experts say that 2018 there will still be an unexpected drop down.

Of course the situation will be 50/50 because the market is base on speculation. If you look at last year sudden rise to $19K, I say no single expert has predicted the price could go that high. The highest price prediction in this forum was around $5K if I'm not mistaken.

The mental barrier that is $20K is doable for me. Why? We may have experienced major crisis lately, however, investors are still willing to shell out their hard earn money simply because crypto potential is still huge as far as earning profits for long term is concern.
8319  Economy / Gambling discussion / Re: Tennis League All Thread on: February 18, 2018, 12:59:30 PM
Congratulations to the great Roger Federer on creating history by becoming the oldest player to become No.1 Smiley (Breaking Agassi record ) . I doubt that he will finish the year end as no.1 though as  he might skip the clay season but its such a great achievement. What a time to live.
Seriously maintaining form and becoming number one in Tennis game that too in this age it is great and unbelievable congratulation Federer. we are just at the beginning of 2018 so for me also it's doubtful that he can maintain his position throughout the year. no words to say about his achievement.
H e has done very well and despite his age he is really playing and even outplaying who are way younger than him and by setting this record, I am sure he wouldn't really mind if he doesn't end the year as the World Number One.

I think getting to number one is his main goal this year. And since he has met it already, I'm sure that we will not push his body just to maintain the position. Its gonna be high risk for him, probably he might go back and choose the tournament that he will be entering. Its gonna be hard to maintain number one, he has achieved so much in the sports and that its gonna be hard to duplicate was he has done.
It does seem that maintaining the world number one in the ATP is much easier than doing it on the other side of the spectrum being the WTA. They have their number one ranking player switch every tournament it seems. As Simona Halep was for a while but then it was Angelique Kerber and now as of now it is Caroline Wozniacki when she took it with her win at the Australian Open and now trying to defend it at Doha.
Which she might loss it yet again because the others are looking stronger than she does at the moment with Gabrine Mugurza and now Maria Sharapova snapping at her heels.
It does seem that on the men's side they hold on to the #1 ranking for much longer intervals at a time.  Smiley

Yes, you are correct in the men's side. However, but we all know that Roger Federer is not getting any younger and there are a lot of young and upcoming talented players who are going to take the crown from him or Nadal.

So for me, maintaining his #1 spot will be hard. Plus he doesn't enter many tournaments to gain points to maintain his position.

As for WTA, we haven't seen someone who dominates, every year, different champions and the ranking quickly change hands. Maybe those women is very competitive in nature or lack there of.
8320  Economy / Trading Discussion / Re: What is trend Now? on: February 18, 2018, 07:20:44 AM
Yeah currently people are more interested in buying crypto currencies rather than mining them. The trend is to invest on different crypto currency and hold them for a long term. When it is the right time, they cash out for their profit. People are also blindly investing on ICOs to get quick profit but fails most of the time.
yeah most people today prefer the instant thing to get the coins they want, one way is to buy in a exchange, I once asked my friend why did they prefer to buy a coin rather than to mine the coin? he replied that mining takes much time to earn a lot of coins and while you mining may be a opprtunity come like chance to sell coins at a high price it's been missed, so he prefers to buy

Bitcoin and other crypto will really make a comeback. Although the month of January alone saw crypto's suddenly down to more than 60%, just sad to see but it just part of the ecosystem and we all know how crypto market is very volatile.

But a couple of days ago, the air has suddenly changed. We are now seeing a lot of significant gains not only bitcoin but the rest of the altcoins.

So if we have patience and just hold on our coins, then you are very happy to see that we have been in a rally of sort. Its early to say that we are out of danger though, please remained vigilant and make better judgement whether to buy or sell.
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