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361  Bitcoin / Bitcoin Discussion / Re: How do you see bitcoins yourself? on: May 21, 2018, 02:25:38 AM
bitcoin for me is a way to have an income. It gives me a living and a way to communicate to other people who are from different countries. it teaches me more about culture understanding and how to accept diversity especially for people who have different opinions from mine.
In this forum alone, I have seen how other people view the people from other countries and there is diversified opinion depending on which country someone is if he is from a developing country or a developed country. While those people from developed countries may have seen bitcoin as a new technology that would disrupt the financial system, some people from developing countries see it as a source of income and doesn't care that much how it will change the financial arena. I respect every one's opinion about how they see bitcoin as I believe the variation derives from their current lifestyle.

Personally, I treat bitcoin as a source of income and feel that I am part of something that will have a great effect in the economy in the future. I think cryptocurrency is like the internet when it was first introduced and people are doubtful about it but eventually it is not only a want because it is part of the need already because of the advanced technology we have.
362  Bitcoin / Press / Re: [2018-05-19]High School Students in the Netherlands Are to Pass an Exam on Bitco on: May 20, 2018, 11:16:45 AM
The basic idea is just to expose the students to the rudiments of bitcoin and the technology behind it. There are a lot of successes recorded so far as regards bitcoin especially in the developed countries and Netherlands is trying to educates their own students towards achieving a set goal in this modern world of digital currency.

Right! Besides that, the needed information is given and I assumed that the exam they have are already learned by the students like derivatives which was tackled so even if it was not about bitcoin then they would be able to solve it. It just so happen maybe that the instructors are cryptocurrency enthusiast that's why an exam relating to bitcoin technology is given.

I am not a teacher but if I would know someone who is a teacher/crypto enthusiast then I would recommend to him to give the same exam as well but it should be related to their lesson. The students would be able to recall then that they learned it in school and they wouldn't be ignorant if in case bitcoin is mentioned in social media or television.
363  Economy / Trading Discussion / Re: Do you follow trading advice from crypto influencers? on: May 20, 2018, 03:04:33 AM
Most I trust on my analysis and work according to my plan but I see what influencers say about the other coin and after that, I do my analysis on that coin again and if I like that coin then only I buy them.
Most of the crypto influencers I see in twitter and youtube are either paid or just shilling the coins they bought so that they can have their profits sooner. There are times though when I can learn from them about some strategies but I don't immediately follow their advice and study the coin. Those influencers are a big help though in knowing what coins are trending at the moment so that I know what coins has a possibility of pumping in the next few days or even hours. Although there is already pre-pump, there is a possibility that it will be pump more.

I mostly go with my guts and sometimes I gather comments from bitcointalk and sift the ones I deem helpful out. Some of the crypto influencers get paid to post on behalf of some projects and that shields their candid views about the project sometimes. Read enough books and gather experience from personal experience, that's the best.
Researching about the coin is a big help too in deciding whether the coin is worth it to buy or not but sometimes all it takes is taking a look at the chart and see the movements of the candles. You will get familiarized with the movements. I am not at the point yet when I can recognize an accumulation of a whale but I really wanted to be at that point.
364  Bitcoin / Legal / Re: BTC + Altcoins VS National Cryptos on: May 19, 2018, 12:28:19 PM
Everything is really not yet certain where the direction is about that, which obviously I think it will be difficult if Btc replaces the common currency and will be prioritized, fiat will still be the most preferred. I think crypto will only be a virtual currency (alternative currency) that will not go extinct.
I think so too that fiat will still be existing along with other cryptocurrencies as a mode of payment as the crypto payments will not be fully implemented in all places in the world because of some technological problems. As for making national cryptocurrency, Japan is already planning to do it so it is to be expected that other countries that accepts crypto will consider doing this as well since they know that blockchain technology is a big help to minimize cost with more efficient transactions.

I don't think it is possible that having an altcoin to threaten bitcoin near in the future, so far there is no other cryptocurrency that having potential who can replace by bitcoin level. And national crypto will the same an altcoin but one thing I am sure this coin will be centralized and the price was controlled by the government, while on other hand bitcoin and other cryptos were not due to a decentralized coin.

I have some question that ruins in my mind, time to time countries adopting cryptocurrency it has a possibility that cryptocurrency or bitcoin will be legalized it has a chance of being centralized coins?

The coins develop so far are decentralized which means no one controls it except maybe for Ripple but when the government decides to create their own cryptocurrency then it would be centralized since they have control of it.

Take a look at this article https://www.coinspeaker.com/2018/05/16/mufg-japans-largest-bank-plans-launch-cryptocurrency-2019/
365  Economy / Economics / Re: Investment in Bitcoin vs Investment in Education? on: May 19, 2018, 12:00:22 PM
Education is still more important because it deliver us from ignorance. If we want to fully understand what blockchain and cryptocurrency are all about then we should educate ourselves on that two important technologies ever created in the internet. Without education, you can't trade properly and all you can do is buying a coin during the hype and always panic selling. Learning cryptocurrency and trading is like learning basic education, there are also primary, secondary and tertiary levels.
Having a formal education is still better than just investing to earn more money like investing in bitcoin. Yes we know that many people succeed even if they weren't able to finish school but they are street smart so they were able to achieve their goals. Still knowing the terminologies in trading is important and you should understand as well the fundamentals reading news and whitepaper so you can fully understand what it says if you invest in education.

Many people in the forum wanted to earn more so that they can finance their studies and the two choices are not mutually exclusive as one can invest in education and then earn in which later on he can invest more in bitcoin. One can do both without the need of choosing but investment in education should be prioritized first.
366  Alternate cryptocurrencies / Altcoin Discussion / Re: Why KYC should not be asked from the Bounty Participants! on: May 19, 2018, 02:56:09 AM
although I agreed with KYC should not be asked from the bounty participants, but bounty hunter no choice, how about you work for 2 month and finally need to pass KYC to receive reward, then no KYC=No Reward, so we must follow project dev any decison, even they don't paid to us, we also nothing can do, such as latest one is tokenpay
KYC is one of the hindrance why some bounty hunters cannot join the bounty campaigns because they have no supporting documents to verify their identity as some are still minors and wasn't able to get some identification cards. I have no problem with KYC myself but I think it should only be applicable to the investors of the ICO because the bounty participants are just promoters of the campaign but then if the team ask for the identity of the participant then we cannot do something about it as they are the one who will distribute the coins. You can have a choice of either not joining the campaign or submit the needed documents.

It could  be a scam or a legit one.  But now mostly when im talking  about  those legit bounty manager those who had an KYC is those one that is really successful one,  they do that because they will filter those bounty hunters that has a multiple accounts  on their campaign  but we should  be careful  because  they could use your identity to fool others
It's a good way of filtering those who has multiple accounts as we know there are many people who will attempt to cheat especially if it has large bounty amount so asking for documents would be the best way to filter it. Submitting your documents though may impose a risk that your identity will be use for something illegal but if it is for a reputable manager and good campaign then I would just submit what I am supposed to.
367  Bitcoin / Project Development / Re: Crypto Merch Store (Tees,Hoodies and Mugs) on: May 19, 2018, 02:19:05 AM
Hey guys . Check out this website for awesome crypto merch including t-shirt,hoodies and mugs of your favorite currencies. Wear your Crypto!
Let us know what you think.

shop link : teespring.com/stores/crypto-obsession
Insta: @cryptoobsession

Good for you OP to have this kind of business as the crypto enthusiasts are increasing every day. I am planning to have one too in the future. As for my opinion, your designs are good but as what is commented above, the designs are simple and will just let the people look at your shirt one time and will not really notice it. There are some that have some nice colors but maybe you can add more statement shirts cause most of them are logo of the coins. You can also add something written at the back so that people would be curious when they see what is written in the front. Do you accept personalized designs as well?
368  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Binance will REKT you if you are not careful! on: May 18, 2018, 12:28:15 PM
It is common problem with major of exchanges. Last year i remember the same was with ripple on poloniex and i am sure people can give you a lot of examples with another coins or exchanges. Just be ready for such things and try to protect your funds in future.

When a coin has high volume, this usually happens wherein the system will hang because they cannot take the traffic so those who are trading has a tendency to loss when the price suddenly drops. Well that is just your unlucky day OP getting rekt so you would be careful next time trading those coins that are trending. I was rekt as well before trading those coins that is trending at the moment. There is also the tendency when a wallet would suddenly be in maintenance if there is a big arbitrage opportunity. We can't do something about it as it is a centralized exchange and we are the one who agreed to their terms and conditions.
369  Bitcoin / Press / Re: [2018-05-17] Japan’s Largest Bank, Plans to Launch Own Cryptocurrency in 2019 on: May 18, 2018, 12:02:35 PM
The crypto sphere and traditional financial institutions are engaged in active interaction. What started as a serious confrontation now seems to become a mutually beneficial collaboration. The example of the MUFG Coin trial shows that financial giants understand the advantages of blockchain technology and prefer to treat it as a partner not as an enemy.
Well Japan has the first mover advantage when it comes to adopting cryptocurrency so it is just expected that their banks would consider adopting blockchain technology as it will be more beneficial for them to use the technology instead of being an enemy to it. Later on, if the adoption of cryptocurrency is widely accepted by the account holders then it would be expected that other countries would follow suit what Japan has done. Instead of eliminating the banks, cryptocurrency and banks would just work with each other to provide more efficient transactions to its account holders.
370  Economy / Trading Discussion / Re: Is worth buying coins under $1? on: May 18, 2018, 02:35:30 AM
What's your opinion on buying new emerging coins that are not yet on top and cost less than 1 dollar?
How do you decide whether they have potential to grow or not?

I judge them base on how active the team is and how knowledgeable they are in the project. Even if they aren't even in the map of crypto yet, they have the vision and they are active in their social media accounts and the investors can reach them always as there are always admin in the group willing to answer the questions. These kind of projects are ideal because they are still cheap. You will know that the team is willing to push through with the project if they are moving forward and follow their road map or if they weren't able to follow it then they have a good reason why.

If you are looking for a higher ROI then you should look to invest in mid cap or small cap coins with low price.  Depending on the token/coin supply the price may be above or below $1. I'd say it is good to look for a small cap coin and invest into it because if the project is a good one then you probably will get a higher profit

The price of the coin that is below $1 doesn't matter that much if it has a big supply but if it has low supply then there's an opportunity that your investment will grow as long as the team continue to develop the coin. Market capitalization is more important than the price of the coin for us to know if the coin has a potential to grow.
371  Bitcoin / Press / Re: [2018-05-16] South Korea Will Focus ‘Positive Aspects’ of Crypto, Soften Policy on: May 17, 2018, 02:48:04 AM
They can see that some countries are slowly accepting it may it be a developed or a developing country that's why they are softening their rules cause it would be also for their own advantage. With more companies considering blockchain technology which is the backbone of cryptocurrency, it would just be wise to just regulate cryptocurrency and recognize it instead of banning it since more people are using it and they can get a share of the income. Being strict with the policy is good since it will prevent those scammers or at least lessen it to protect the investors but there are times when a policy should be adjusted to be more "friendly" to the crypto enthusiasts.
372  Economy / Service Discussion / Re: How to avoid bounty scams in bitcointalk on: May 16, 2018, 12:51:53 PM
I think project research is somewhat a pretty difficult thing to do especially because the bounty comes at a pretty early stage when even the pre-ico is months away so you have merely a white paper and website to judge the project which is often not enough. So I think the only best way to judge any campaign at such a stage is by taking consideration the campaign manager. Trusted campaign manager is in itself a guarantee that even if the campaign is less fruitful but it will not be a complete scam.

The first thing that I look for when I want to join a bounty is the campaign manager. The higher the rank, the more trusted the manager but I will prioritize those that already has a reputation in the forum because they would not just waste their account to a scam project but there are times when they are scammed too. Some campaign managers spent their own funds just to compensate the bounty participants so the bounties of these campaign managers are preferable compared to others. I prefer a weekly compensation than a monthly or a bounty paid after ICO but if the project is good then I would just wait for them to distribute it hoping they would compensate the participants as what they promise.

Dont know if that is true at all or im the only one who thinks this way but both the ways are getting insecure these days. Im sure managers who are best of all will always try to bring up the best campaigns ever. However, many times these projects are getting illegal or scam one when they get at the final stages of the development. Managers has got nothing to do with that but for us its really bad time these days as projects themselves are getting weird. Need to find out some other way round or may be we will never have that opportunity and we will need to keep trying always.

Even if you did your research and you think the project is good. There would be times when the intention of the team behind is to scam all the investors, bounty participants and even the campaign manager. They carefully laid out their plan to get the most out of the project and run away with all the money. We just have to keep trying because in some ways there are still honest ICOs paying the participants on time and as what they promised.
373  Other / Archival / Re: How to earn altcoin every days? on: May 16, 2018, 12:28:50 PM
Trading for me is the only way to earn an Altcoin everyday because airdrops, and bounties are to be paid weekly, monthly or even when the program is finished or ended. I only participate in bounty campaigns and airdrops for Altcoins but sad to say I won't get paid everyday. Trading actually is one of the most profitable method in earning Altcoins though huge return that also guarantee huge risk.
Trading altcoin is the way for me to earn it every day but then I can't do it since I am a swing trader than a day trader. Day trading is too stressful but if you want to experience trading and be good with it for a short period of time then day trading would be the best way since you often experience trading so the faster for you to control your emotions and develop your strategy. You have the option to join bounties and airdrops but for bounties you will be paid most likely after the ICO and for airdrops, it still varies when they will send it or never at all and it is the same case with bounties.

Faucet is also one of the option to earn altcoin but it only gives a small amount but then at least you are earning. There are so many faucets you can choose from.

You also have the option to lend your coins and then be paid interest in altcoins. In this way, you will have a stable way of earning altcoins or bitcoin every day.
374  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What is going to replace bitcoin? on: May 16, 2018, 02:45:04 AM
Nothing. I really believe that is the wrong way of looking at cryptocurrencies. The only way cryptocurrencies will survive in the long-term is when interoperability between different blockchains start to become mainstream. There shouldn’t be talk of replacing Bitcoin — because this leads to a dog-eat-dog mentality. Instead, there should be talk about which (and how) blockchains can work harmoniously with each other.

I like your way of thinking. That should be what the purpose of cryptocurrencies are in which they shouldn't just be treated as mere currency racing on what coin will be the next king but we should think on how these cryptocurrencies would shape our future and how the technology and cryptocurrencies would be able to use each others system to make the transactions efficient and effective. This should be what the future looks like instead of just speculating about the price. We can see it in some projects now wherein some ICOs are partnering with coins already in the market and some in the ICO stage yet to provide a better project for the crypto enthusiasts.
375  Bitcoin / Press / Re: [2018-05-12] Millennials Are Buying Cryptocurrencies to Save For Retirement on: May 16, 2018, 02:03:17 AM
Millennials Are Buying Cryptocurrencies to Save For Retirement

Among millennials, the cryptocurrencies investment trend is gaining momentum for retirement purposes. Moreover, as tech-savvy millennials are shunning traditional banking methods, innovative startups are creating new retirement solutions powered by blockchain and artificial intelligence technologies.

http://bitcoinist.com/millennials-are-buying-cryptocurrencies-to-save-for-retirement/

I've observed that millennials are now open to investment options for retirement rather than just saving their money in the bank or just depend on the government for support when they are in retirement age. The social media in which most of the millennials are using opened their eyes to look for ways to increase their retirement funds and find an investment that would beat inflation as opposed to their parents who mostly just saved their money in banks because they thought that investment is complicated so they just choose what others did before. Being tech-savvy, no wonder millennials are considering investing in cryptocurrency than the traditional investment vehicles because it has shown tremendous gain in just a few years. Millennials too are more risk takers than the previous generations in my opinion.

Also this brings the bitcoin versus gold, and the bitcoin as a store of value first versus as a medium of exchange first debates.

I reckon bitcoin is more of a digital gold to be used as a store of value first and as a currency next. Some altcoins like bitcoin cash consider their coins as mediums of exchange first and store of value next.

Bitcoin is seen as a lucrative store of value now as opposed to being use as a currency because of its nature being volatile and speculative. Being still in its infancy, bitcoin has yet to find its true value and since the speculation of some experts in this industry is positive, people would just choose to hold their coins instead of spending hoping that one day, it would become valuable and they wouldn't worry in their retirement age anymore.
376  Alternate cryptocurrencies / Altcoin Discussion / Re: WHY SHOULD YOU BOYCOTT ICOS THAT DEMAND KYC? on: May 13, 2018, 12:46:16 AM
KYC (Know Your Customer) is an infamous procedure we have mostly run into while dealing with banks.
Sadly for the whole blockchain industry we see many ICOs demanding KYC in vain.
Read below why you should boycott such ICOs:

https://medium.com/@filip.poutintsev/why-you-should-boycott-icos-that-demand-kyc-29a5b43904fb


I am having some second thoughts too when it comes to KYC but if I really wanted to participate in an ICO then I would just send my verification documents as I don't want to miss the opportunity. Since some ICOs are regulated in the country they are launch, the SEC requires them to have KYC to their investors and even some bounty participants and it makes me believe that they are legit because they follow the regulation. I am still afraid that my documents would be used for illegal purposes so if I am doubtful of an ICO then I would just wait for the coin to be listed in the exchange for me to buy it without the need of KYC.

Sooner or later, we wouldn't have any choice anymore but to follow the rules which is to provide the verification documents for us to continue earning from cryptocurrencies. We are heading towards mass adoption which would need regulation so that the scams would be lessen. I don't care if the government monitor the movements of our funds and I am willing to pay such taxes.
377  Economy / Trading Discussion / Re: The pump and dump tactic on: May 13, 2018, 12:16:58 AM
As you know, one of the most popular kinds of manipulations on the cryptocurrency market. Big players on the cryptocurrency market are known as whales. They can manipulate the cryptocurrency price using the tactic “Pump and dump”. Whales buy a lot of cryptocurrency in several days causing price increases. This attracts new investors to the cryptocurrency because hamsters want to buy more cryptocurrency in hopes that the price will be raising and they will be able to sell assets for the higher price. But this isn’t happening, because whales, after gaining a specified mark, begin to dump coins. In such way, whales get a profit, and the price of the cryptocurrency falls. How do you think how not to become the prey of such kind of whales` manipulations?
 

One of the ways to not be able to catch the dumped is to have a trading plan and if there is a possibility for you to study technical analysis then please do so because many people are still using technical analysis especially if it is a high volume coin. If you study the fibonacci retracement and extension, there would be price levels in there and if you plot it in the chart, you can see that more often than not, price would bounce in these levels as the traders are either buying or taking profits in that level. Plotting the trend lines, knowing the support and resistance levels is important too including the psychological resitance which is recently the $10k level.

To avoid being dumped, you should put trailing stops to secure profits in which when the price goes up, you should put a conditional order to sell your coin when the price suddenly goes down and then have a stop loss too if ever the price of the coin went down after you bought it. If the coin makes a parabolic move then expect that it will bounce and correct. The problem with most of the traders especially those new to the market is being hype that's why they are just transferring their funds to the people who knows the market for some time.
378  Economy / Economics / Re: bitcoin in developing countries on: May 12, 2018, 12:29:21 PM
It take time for new technology to be adopted by people and government of a country.as blockchain is emerging as  important field in IT world so more and more startup are choosing blockchain and doing ico for their funding ,payment system will be improved greatly due to ledger (crypto) adoption.many developed countries have take crypto as legal to boost their economy so it will be necessary choice for a country to adopt crypto.

A change is not immediately implemented because some people just don't want change as they are used to the old ways thus they reject the idea of cryptocurrency being used as a legal currence. Some people even call it scam just because they do not understand it and they comfortable with fiat as it is what they are used to and comfortable with especially for the baby boomers and the earlier generations. A developed country like Japan already regulated cryptocurrency and there are other developed countries who are planning to do so but there are developing countries who are moving forward and some even are regulating it. It is easier for countries with small population to implement such change compared to countries with bigger population.

I guess bitcoin has helped the economy in the developing countries, it reduce the unemployment rate and gives people some extra source of income.  Joining campaigns, watching ads and writing blogs are some of the jobs offered by companies and they compensate it with bitcoins.

Due to the high unemployment rate, many are taking the opportunity to have some extra income from bitcoin and other cryptocurrency. It is a big help in the economy of a developing country because people would have an income that let them spend on some things and would help more business prosper and more jobs will be open.
379  Alternate cryptocurrencies / Altcoin Discussion / Re: 46% of last year's ICOs have failed already on: May 12, 2018, 11:52:59 AM
I also have a bad feeling about the new project nowadays. Looks like they're so totally different compared to old ICO project.
ICO project now is just thinking about money and does not intend to focus more on building their projects.
This is evidenced that many ICO now are failed to continue his project.

Yes I agree mate, there are so many ICOs and Pre-ICOs launch in the forum every day that it is hard to determine what are scam or not. If you carefully scrutinize it then you may find a good ICO that might give you a good return but even those ICOs that are honest with their intentions and project is affected by the bad ones because investors are losing faith in ICOs due to the fact that the value of the coin when launch on an exchange dump and investors may wait for sometime before they have some profits or they would just wait for the coin to be available in the exchanges because there are times when the team take some time to be listed in exchanges.

Years ago, ICOs are good because only a few are scam but in 2017, it is the year when there are so many ICOs that are launch up to now and maybe just like the traditional business, an average of 10% of them would prosper and others would just eventually be worthless.
380  Economy / Trading Discussion / Re: A successful trader must be an educated trader? on: May 12, 2018, 03:28:36 AM
Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?

Not every trader but most of the trader are educated or knowledgeable about trading and they know what they are doing compared to those who are successful because they were able to buy early. There are different strategies in trading like some just depend on news and some are using technical analysis and some are using both to be a profitable trader. I believe that those who are successful without knowledge are just gambling because they are hoping to get lucky and they may be lucky before earning 100x of a coin because they bought early but if you aim to make it a living then you should have a trading plan because it should be sustainable and not just depending on pure luck.

Trading very much consists of analyzing the political and financial news and predicting what would happen if this or that financial institution or country behaves in a certain way.
So how would one do all that analysis if he doesn't even have the idea of what is happening in the world and what the prospects of the crypto market are?
I don't mean that traders automatically should have a PhD in finance or economy (self-teaching and Google rule Grin), but still there should a certain educational basis and practical skill.

It is not necessary that you have formal education because even those who didn't finish school are the successful ones and in fact there is a high tendency for those street smart to be successful than the book smart because they know how to deal with people and they have experience which would make them control their emotions which is vital when trading.
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