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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Facebook plans to launch 'GlobalCoin' currency in 2020 on: May 31, 2019, 07:39:25 PM
I personally won't be buying it, or any other altcoins made by big corporations. At least it's a bit of promotion for crypto currencies in general, though.

Don't be very optimistic about this coin. It can do more harm to the crypto market than good. A large chunk of the current crypto market can shift to this coin, given the huge user-base that Facebook is having currently. On top of that, Facebook may try to monopolize the crypto-market, by destroying the other cryptocurrencies such as Bitcoin and Ether.
2  Economy / Economics / Re: What currency shall human use when colonizing Mars on: May 31, 2019, 07:33:48 PM
Mars won't be colonized for probably thousands of years. Too much money for very little benefit.

I am not too sure about that. The first manned mission may happen before 2030. Colonization is very difficult, given the climatic conditions. But as technology advances it may be made a reality. Taking an optimistic scenario, I would say that we may see human colonies in Mars by 2060 or 2070. If you want to think a bit more conservatively, then 2100 is a good target.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Are altcoins useless? on: May 31, 2019, 07:30:24 PM
Personally, I believe that the essence of all altcoins is to create competition, or the appearance of competition, for bitcoin.

Competition for Bitcoin comes from fiat payment processors such as Paypal, Visa and Master and not from these worthless shitcoins. Altcoins are basically like parasites and all they can do is to leech off market cap and user-base from Bitcoin. I am not denying that there are a few altcoins which can be considered as exceptions, such as Ethereum and Monero.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: DOGE COIN is it worth investing in it or should i look for another ALT coin? on: May 31, 2019, 07:27:45 PM
Anyone who is aware of the history of Dogecoin will never invest in that currency. It was created as a mock cryptocurrency, and basically it is a simple ripoff of Bitcoin. Somehow it managed to build a large and loyal user-base, and the exchange rates went up. But despite all this, the developers have shown little interest in popularizing this coin. And that is a giant red flag for me. 
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Blockchain is giving everyone 25$ worth Stellar coins for free on: May 31, 2019, 07:25:27 PM
I thought about creating a fresh wallet and going for the KYC. But in the end decided not to do it. The risk is too high and the rewards are really low. $25 is not enough for taking a risk with the ID documents. Also, I have to say that this is a worrying signal coming from Blockchain.info. They had never asked for personal information before this.
6  Bitcoin / Bitcoin Discussion / Re: Why do we need so many cryptocurrency exchanges? on: May 31, 2019, 05:50:26 PM
There is always room for better service and new features being implemented. It is actually good for the cryptospace since it helps reduce the risk of monopoly and reduce the burden on a few exchange (which make them vulnerable to hacks)

My thinking is different. If there are too many exchanges, then the revenue per exchange can drop. And since limited funds are available for the operations, the exchanges may cut back on safety measures. And this can increase the risk of them getting hacked. If there are a few large exchanges, then they can employ a lot of security measures to thwart hacking attempts.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin = Nerd money or not? on: May 31, 2019, 05:47:11 PM
It wont be called that once everybody is holding it and using it as their everyday currency. Smiley
I think back when the very first iteration of internet money was introduced. They called it just that too. Cheesy

Bitcoin is sometimes termed as "Nerd money", because for elderly and middle-aged people the concept of crypto can be a bit difficult to grasp. Internet money (Paypal, Visa.etc) is not as complex as Bitcoin and therefore there is no point in comparing them with BTC. But as the old generation dies out, this hesitation for crypto is going to vanish.
8  Economy / Gambling discussion / Re: Manny Pacquiao vs Keith Thurman on July 20 on: May 31, 2019, 05:43:10 PM
This is going to be a great fight, people are always predicting about Manny's last fights where he will be beaten badly, but I don't think this is going to be the fight, I have seen both of their last fights and it seems Manny has the edge compare to Thurman who has poor showing in his last two fights compared to Manny's last two fights.

Thurman's last couple of fights were not that bad, but it is true that he couldn't manage KOs. But even then, he seems to be on top form right now, when compared to Pacquiao who is busy with activities outside the ring. But right now everything looks unpredictable. I wouldn't be too surprised in case Manny gets a KO over Thurman on July 20.
9  Economy / Gambling discussion / Re: Manny Pacquiao Sign Up with Rizin Fighting Federation on: May 31, 2019, 05:40:45 PM
If it can produce alot of money then yeah I can see them doing a rematch. Floyd is still in the news and wants to be in the spotlight again so it could very well happen.
Just look at Mcgregor he wants a rematch just for the money. So why not pacquiao?

McGregor/Pacquiao needs Floyd much more than Floyd needs McGregor/Pacquiao.  Grin

But probably Floyd is thinking about a different opponent. And he is right when he prefers someone else. A fresh opponent may bring him more revenue when compared to a repeat rival. On top of that Floyd is already 42 years old and he knows that the time window for him is running out.
10  Economy / Gambling discussion / Re: Naoya Inoue vs Emmanuel Rodgriguez - WBSS Bantamweight on: May 31, 2019, 05:32:57 PM
Can anyone tell me how many PPV subscriptions did this fight manage? I Googled quite a bit, but couldn't find the exact numbers. I expect the revenue from PPV to be low, as there wasn't much promotional campaigns and advertising. The media was also a bit quiet about this fight. But still I want the figures, so that I can make comparison with the other major fights.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty that paid you some good reward on: May 30, 2019, 05:16:13 PM
the last prize i got was from cpt, i got some ethereum. I sell it too fast, if I hold back a few weeks later I can get more than 1 ethereum.

You did the right thing by selling the tokens. In 95% if the the cases, you will incur losses if you hold on to your tokens. So don't think about these and concentrate on your next bounty campaign. There are a lot of bounty hunters out there who never got their deserving rewards. You can consider yourself lucky that you got paid on time.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Do your research before investing in ICOs on: May 30, 2019, 05:10:34 PM
It is just best to do follow a working trend. IEOs is the new trend and most times you will find out that the exchanges have done the more difficult research for you and you now have to focus on the Tokenomics and potential ROI

Very difficult to agree with you. I don't have a favorable opinion about these IEOs. Sooner or later, they are going to end up like the ICOs. Considering how greedy some of these exchanges are, it is difficult to believe that they'll do all the research before allowing these IEOs. They will list those which are more profitable for them. They are not going to care about their future potential or viability.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty Vs Trading on: May 30, 2019, 05:07:41 PM
well so far, some bounties may not be very profitable, this might be influenced by the ICO scam, or the crypto prices are down. however, at the moment, it seems that some bounties have improved, and I think it has started to pay, even though it's not as much as the previous year.

Things will only improve if the bounty managers are able to weed out the scammers. There are users out there who will enroll for social media bounties using dozens of alt-accounts and facebook or twitter profiles purchased from the net. In the end, it is the ordinary bounty hunters who suffer as a result of this in the form of low payments.
14  Economy / Gambling discussion / Re: The key reason for gambling on: May 30, 2019, 05:03:25 PM
As looking into the poll, it is the majority of the gamblers has been in doing gambling for the seek that they could take the winning jackpot. But it is too sad that only those gamblers who have luck will just win the competition.  We can't deny that chances of winning in gambling is so thin but we are actually trying to do it cause we just hoping to make it right and in a perfect time.

It is actually logically if people think then what % of total players will win the jackpot and out of that will we be lucky one form the rest to win that jackpot. Instead can we invest in something else and get better returns than losing that money in gambling?

LOL... people like you will never understand why people take their chances in gambling. See... when I purchase a lottery ticket worth $1, it gives me a chance to win a jackpot of 25,000,000. I admit that the chance may be like one in a billion, but still it is there. Now let's heed to your advice and purchase some stock like AAPL or GOOGL. Can they give me 25 million times return? No.
15  Economy / Gambling discussion / Re: BTC getting too expensive to gamble with on: May 30, 2019, 04:56:52 PM
I think doge is the best coin to play dice, because it's fast at transaction and easy to deposit or withdraw. Also the price is stable too.
Doge coin is the best coin out there to gamble when the price of bitcoin starts its rally and now a days almost all of the major gambling sites allow doge coin but none of the sports book have doge coin which is a real bummer, we need doge coin in sports book too so that people can gamble without using bitcoin and the price is really high to gamble with it.

Dogecoin started off as a ripoff of Bitcoin and its developer(Billy Markus) have stated multiple times that he is not serious about the coin. The positives is that it is having a large and loyal community of users, and the price per coin is low enough to be used in gambling. But if you ask me, I always prefer BCH or LTC ahead of Dogecoin.
16  Economy / Gambling discussion / Re: Manny Pacquiao vs Keith Thurman on July 20 on: May 30, 2019, 04:54:38 PM
Yesterday Thurman made a statement on the PPV subscription. He was saying that 1 million PPV buys may be possible, which will bring somewhere around $75 million to $80 million in revenue. I am not sure about it. Pacquiao vs Adrien Broner reported only 400,000 PPV sales. I expect the figure to remain somewhere around that.
Maybe it would be on those range but im pretty sure it would be higher than 400k PPV Sales.The day before on their fight is fast approaching and im surprised that pacquiao
is the slight underdog here basing on Bookies odds.

Pacquiao vs Broner collected $30 million in PPV and around $6 million in gate collections. I am sure that the figures will be higher for Pacquiao vs Thurman. But I am pessimistic about the 1 million PPV claim. This fight is not that big to net a 1 million PPV. It is something that only Floyd Mayweather or Canelo Alvarez will be able to do.
17  Economy / Gambling discussion / Re: BTC getting too expensive to gamble with on: May 29, 2019, 06:33:41 PM
Transaction fees and confirmation times sometimes give us bad experiences. In such cases, we can use other coins as an alternative. Dogecoin can be the good choice in such situations because most casinos already accept it as a gambling tool. Increasing prices and increasingly dense networks, can be addressed in various ways so that we can still do our activities.

I am not a big fan of Dogecoin, and believe that it is having very low acceptability. Also, it is not very stable or mature, to be used for gambling purposes. Security is another issue with Doge. I would rather go for coins such as Bitcoin Cash or Tether (USDT). Ethereum is also a good choice, but it has some security issues. So storing them can be a hassle for the gambling sites.
18  Economy / Gambling discussion / Re: Manny Pacquiao vs Keith Thurman on July 20 on: May 29, 2019, 06:25:11 PM
Yesterday Thurman made a statement on the PPV subscription. He was saying that 1 million PPV buys may be possible, which will bring somewhere around $75 million to $80 million in revenue. I am not sure about it. Pacquiao vs Adrien Broner reported only 400,000 PPV sales. I expect the figure to remain somewhere around that.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Do not invest in ICO anymore. Do not Feed scammers on: May 29, 2019, 06:19:10 PM
I stopped investing in ICOs long time back. It is not worth to take the risk. I may revisit my decision only if the market shows a remarkable rebound. But the chances are low, and investors continue to lose money in fake projects. And another thing is that nowadays almost all the projects are overpriced. It is surprising to see shitty projects asking for a hard cap of $200 million.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Knowing when to sell off your crypto investment on: May 29, 2019, 06:14:58 PM
The most common mistake that many of the newer members make is that they hold their coins for too long. You can hold coins such as BTC, BCH and ETH for long durations. But this is not viable for the smaller altcoins, as there is a real chance that they'll lose their value within 1-2 years. So those who hold them infinitely will lose out in the end.
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