841
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Economy / Economics / Re: Are your Bank transactions taxed VAT per transaction?
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on: February 09, 2019, 01:32:48 PM
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Yes sometimes, but it will depend on the transactions. I think they are making a lof of money for all the fees and the sad thing is that, they charge you if withdraw money from other location but your dealing with the same bank, I think they called it interbranch and its so annoying.
Banks have gotten out of hand with their fees. Some banks were even charging fees if you didn't hold a certain balance in your account, imagine poor people being taken advantage of more than the rich. I think it is also crazy to be hit with a $40 overdraw fee when only going $1 in the negative.
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842
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Economy / Speculation / Re: new bullish run
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on: February 09, 2019, 01:24:39 PM
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There tends to be symmetry in the crypto market. When we go throug ha bull for an extended amount of time the bear time period seems to reflect that in an opposite matter.
Newbies will never learn, they don't want to buy while prices are bleeding red. They only buy during Fomo when its usually already too late.
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843
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: where do you trade your Altcoin?
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on: February 08, 2019, 02:31:33 PM
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It's always better to get a peer to peer transaction which can be found at this forum or some telegram group. Don't forget to use escrow because you might get loss your coins for a zero balance.
That is a good way to prevent trading fees but I would still rather just use trusted exchanges. The only time I really like to do peer to peer is with friends or if I have coins that are currently not listed anywhere. A lot of these escrows charge really high fees as well so it's almost not worth it.
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844
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Economy / Gambling discussion / Re: I lost 30,000 on superbowl.
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on: February 08, 2019, 02:26:28 PM
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30k is a very big amount, Players who have can afford to gamble with this kind of money, probably don't need more money:) Most of the players I know, would be happy 24/7 for the next 365 days if they won what you bet on that game.
Anyway, Sorry to heat about your loss, never fun to loose no matter what the amount is.
Its all relative, people like Michael Jordan used to bet 50k-100k on simple golf games. What really matters is what percentage of your total net worth you are risking on a bet. Same goes for donating to charity, people make a big deal when someone like Jeff Bezos donates 20 million dollars but that is a stupidly low amount of his overall net worth.
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846
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Economy / Exchanges / Re: The future of cryptocurrency exchanges
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on: February 08, 2019, 02:16:39 PM
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In the near future we will have exchanges run by normal financial institutions that will be highly regulated and insured. This will remove the doubt from the minds of new investors after hearing of all the exchange hacks over the years.
Decentralized exchanges may also become more widely used as well.
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847
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Bitcoin / Bitcoin Discussion / Re: Bitcoin = Nerd money or not?
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on: February 08, 2019, 02:10:39 PM
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Video games and comic book heroes were once considered nerdy, now it is mainstream and super popular. People of all ages play video games and watch these super hero movies.
Bitcoin has only just begun, it will take awhile to get mainstream adoption. Right now the majority of users are adult males that have an interest in computers.
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848
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Economy / Gambling discussion / Re: 2019 NBA Pre-Season
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on: February 08, 2019, 01:53:52 PM
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That Lakers-Celtics game was amazing and props to Rondo for making that game winning shot against his old team. Maybe this will help the chemistry issues for the Lakers since the trade deadline has already pass. Some players on the team will probably still hold resentment towards Lebron since he tried to get them traded.
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849
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Bitcoin / Bitcoin Discussion / Re: China banned ICO's not Bitcoin idiots!
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on: February 08, 2019, 01:48:39 PM
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People that invested in bitcoin near the top have lost almost as much as certain ICO investors. I still don't think governments should tell people what they can't invest in though. I don't like to see people get burned but ultimately the responsibility relies on the individual and how much risk they are willing to take.
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850
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Economy / Gambling discussion / Re: 2019 NBA Pre-Season
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on: February 07, 2019, 08:56:55 PM
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If I was running the Lakers I would trade draft picks and the young players now toget better pieces around Lebron. You only have a few more years of prime Lebron play until it's too late. Will Anthony Davis be enough to beat the warriors? Maybe not but its worth taking a chance.
Its cool to see D-wade and Dirk get in the all star game but I feel like they are stealing spots from more deserving players this year.
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851
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Economy / Trading Discussion / Re: [VIDEO] - BITCOIN GOING BOTTOM IN FEBRUARY ?!
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on: February 07, 2019, 08:49:47 PM
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The truth is no one knows and the people that make videos and articles about crypto are just trying to bring in viewers. They say outrageous predictions to get more famous just like John Mcafee, that guy loves attention.
I don't think we will ever see bitcoin under 3k again unless something catastrophic happens like an inflation bug.
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853
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Economy / Economics / Re: Quadriga CEO Death - Real or fractional banking?
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on: February 07, 2019, 08:37:23 PM
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I'm 99 percent sure his death is a hoax. "hurr durr our ceo died good bye 20,000 bitcoins" lol just no
Bet your ass they are trying to cover this up and all employees that worked for this exchange are using this death as an excuse.
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854
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Bitcoin / Bitcoin Discussion / Re: Progressing adoption
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on: February 07, 2019, 08:34:03 PM
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Bitcoin needs that one killer app to bring in new users. Look at how many of these video games gets hundreds of millions of users per month. If some revolutionary service or game only takes BTC as payment that would be groundbreaking.
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855
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Economy / Gambling discussion / Re: What's the *easiest* profitable betting strategy?
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on: February 03, 2019, 03:16:00 PM
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The only real way to gain a edge over the casino is card counting on blackjack. But today it is very difficult and any sign of you doing it and casinos will ban you from playing. It was a lot easier back in the old days when they only used one or two decks for blackjack but then they moved over to multiple decks.
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856
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Economy / Economics / Re: Why is Inflation a Bad Thing?
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on: February 03, 2019, 03:09:27 PM
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If people prefer to have high inflating cryptocurrency to spend instead of bitcoin there are many other options out there with a much higher rate. Bitcoin is seen as digital gold in the eyes of many and alt coins may serve as the daily currency for minor transactions in the future.
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857
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Economy / Economics / Re: Do you remember how you feel about during 2008?
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on: February 03, 2019, 03:02:02 PM
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Looking at back at those stock charts, the 2008 crash was nothing compared to the corrections we have seen in crypto. 80% down is just another day in bitcoin world, imagine if that happened in the stock market. There would be panic everywhere and people jumping out of their buildings.
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859
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Economy / Economics / Re: Why the Bitcoin is still down?
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on: February 02, 2019, 03:53:23 PM
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Markets tend to have a symmetry that reflects so the next bull run should be starting this year. Be prepared to buy in before it's too late your you will miss the train once again. This may be the last time to make some serious gains in the crypto market with very little effort required.
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