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1821  Local / Altcoins (Pilipinas) / Re: [Babala] Libra coin fake ICO on Twitter on: February 06, 2020, 02:41:03 AM
Ewan ko paanong may naloloko sa ganito knowing na kahit mag research ka lang ng 2 minutes malalaman mo agad na stablecoin ang libra LOL. 

Investing in stablecoins = mind blown.

Tama. Ang ironic lang din kasi di manlang muna tignan ng ibang tao kung ano ba yung system behind sa isang crypto. Ang problema ngayon particularly sating mga pinoy is as long as may pera go na go tayo eh. But then hindi natin naiisip what are the risks in engaging on such market or platform. Even kahit mga ibang pinoy dito sa forum (mostly newbies) is still naloloko pa ng kahit anong crypto eh lalo na ng LIBRA despite the fact na alam nilang centralized ito (obvious naman, dami nang warnings dito sa forum nun) pero inaasahan nilang magandang investment yon, eh parang naginvest ka lang din sa PHP mula sa PHP mo eh.

Gaya nga ng sabi ko sa mga kaibigan ko, never ever invest sa kahit na ano mapaonline or physical world without further researching on what they will invest.
1822  Economy / Economics / Re: Martin Armstrong Discussion on: January 31, 2020, 03:56:17 PM
And the ECM 2020 turning point should be a low.

Not sure if he said that, but what does it even mean? 
That also can't even be wrong because one man's low is another man's high.
By the looks of his predictions one may get carried away and be astounded about it. But at the core of his statements you can clearly see that he's playing safe with his words. Same manner a fortune teller speaks, cladded only by ambiguity. I wouldn't trust this person. But his past seems interesting. i might look into him and research the best that I can find in order to come up with a conclusion whether he's credible or just another broad.
1823  Economy / Gambling discussion / Re: How do you know if a gambling site is scam or not? on: January 31, 2020, 07:40:37 AM
The number of users can be a sign to know that the gambling site is a scam or not because if one gambling site has big numbers of the user, that means their site is trusty, and it is safe to play in their site. They will make their website to become the best of gambling site so that the gambling site can compete with the other gambling website. But if they cannot manage their website with the right, they lose the number of users, and it can turn to become scam in the long term.

Fully agrees that one of the main indicators of the casino rating is the real number of visitors, which depends on many factors, the main of which is the honesty of the casino. If a person is dissatisfied with a gambling playground, he simply will not return to it, and if he liked the service and bonuses, he will return to such a gambling playground.

The main problem is that, we cant be sure whether the number of users is real or fake. Scam sites may manipulate this number by having bots or by hiring real people to attract real gamblers. I wont use this thing to say a site is a scam or not, there are many things to consider but in short, I will use this forum as my main source to check whether a site is scam or not.

That is right. We don't know for sure. I agree that we can use this forum to know which site that have reputations and which site that is trying to scam people, and we can find that site by review from the members. Members here can help us to find the gambling site, and they will recommend the site, so we don't have to afraid of scams. Besides that, sometimes, the gambling site which has reputations will give offers to their members, and that is to invite more gamblers to come to their website.
Of course there also should be a customer support system to assist gamblers whenever they have an issue with the site. From simple errors like depositing and withdrawing to the more complex issues like hacking and rigging. There should be a customer support to listen to the people they serve. Otherwise no matter how "established" this site is, it's doomed to fall.
1824  Economy / Gambling discussion / Re: Conor McGregor vs Manny Pacquiao on: January 31, 2020, 06:51:28 AM
~snip~
I'd like to see McGregor face someone in the top 50 first (a solid up and comer), if he managed to beat them, then he should progress to a top 10 and if he somehow wins, then fight those at the top like Pacquiao and Crawford.
^ As I can see, McGregor's invitation is formal and respectful. There is a least chance Pacquaio's side would grab the invitation for that match. However, I would be more than happy if McGregor and Manny Pacquaio would have a rematch against Floyd Mayweather. Both of them deserve to win against Floyd Mayweather. And if they will ever win, the crowd would be satisfied.
Manny Pac isn't for people's satisfaction, he does boxing for the country and his countrymen. He did fight Mayweather not because the people wanted it but floyd's record is saying it but unfortunately for Manny Pac he didn't able to win it.

I think Manny Pacquaio is better than that. He wouldn't accept the match just because McGregor lost against Floyd Mayweather. But probably if the prize is right, Pacquaio wouldn't hesitate to do grab the match and go back to the ring with McGregor. Nevertheless, McGregor and Pacquaio are deserving champions and really the sports guys. Not Floy Mayweather.
Again, Manny isn't fighting for the money,  Manny Already has it. Not what I see from McGregor whom I think is just running Pacquiao for the money but dealing with boxing game isn't just like the UFC. I'm not really into McGregor's style of fighting although I love UFC than boxing, coz McGregor was not trained to endure for 12 rounds on which you can clearly saw him back on his fight with Floyd. However, If this fight will be in real life, even if Pacquiao is at 42 I'd still be looking forward him on winning against his opp.
1825  Economy / Gambling discussion / Re: Biggest winning so far on: January 31, 2020, 05:12:43 AM
Only 20% from total jackpot prize which mean you're not the main winner from this site however win is win especially the jackpot which is something i cannot achieve and at the beginning of this year you're very lucky because won it however i was not too remember my highest winning because it was it happened a long time ago but if i'm not mistaken my biggest winning approximately $1000 or could be less or more than it
Well 20% is a lot ! although he's not the main winner still the amount is very huge , €4800 made from €24? who would have thought of earning such amount. Me, personally cannot win a high amount it just get worse when I continue betting continously. In my lifetime gambling the highest prize I won so far is $100 or maybe less.
1826  Economy / Economics / Re: BEEN IN THIS GAME FOR 6 YEARS on: January 30, 2020, 05:22:54 PM
Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

Price predictions are the hole that crypto holders and traders fall into when done emotionally.
But these price predictions are sometimes right however. That's why people still want to dive into bitcoin anyway. They wanna know how it will fare in the future, and see if the profits they get are nice for them. Which I know is wrong but this is one of the biggest ways people get interested in cryptocurrency in general. So unless people find a way to get more investors in cryptocurrencies, we can't really stop them from plotting predictions.
1827  Economy / Economics / Re: Bakkt is done? on: January 30, 2020, 04:43:30 PM
We were all waiting eagerly for its release and since it launched its Bitcoin options on December 9, a wave of happiness was spread among everyone that now BTC will be moon, now we will lambo and what not. But, what happened defines a very different story and we can't deny how badly the last 10 days went for Bakkt when zero trading volume knocked their doors.

https://www.theblockcrypto.com/post/54294/bakkts-bitcoin-options-saw-zero-volume-last-week

Go there and read, how calmly the ICE's spokesperson said during a recent interview that Bakkt continues to see “strong” interest in both its bitcoin options and futures products.

If that is the case, why their working product is yet not being used since 10 days and why the volume of institutional investors is so low at Bakkt compared to CME futures?
It's kind of sad to see this since I myself have been a bakkt supporters when it was released and is receiving hype from everyone. However, they might have plans in the future under their sleeves. Let's wait for things to pan out for the meantime. With a CEO as calm as they have right now, it's pretty much obvious that they have been cooking something under our noses.
1828  Economy / Speculation / Re: corona virus & bitcoin market on: January 30, 2020, 03:59:13 PM
I don't know why you connect corona disease with bitcoin Huh because in my opinion this has nothing to do at all. If this virus spreads throughout the world, not only will bitcoin be destroyed, but global markets and the world economy will also be destroyed because no one will leave house. but we hope they will soon find an antiviral from this disease, because all diseases have antidote and can be cured
He may see some correlation between it that he has asked about it. Global markets might be affected once this disease goes-full-blown global threat. But I don't see any direct effects on cryptocurrency progress. However, if this disease inflicts a considerable amount of people it may impede in the normal processes of bitcoin and cryptocurrencies as a whole like mining, investing, trading and selling.
1829  Economy / Economics / Re: If you could invest your cryptocurrencies in the environment would you? on: January 30, 2020, 02:49:36 PM
~snip

I agree with you. Now mankind is on the verge of a number of global problems that can be provoked by the fact that mankind has made some adjustments to the environment through its impact on it,
making a number of natural ecosystems fragile and unstable. What has been destroyed for many years now must be restored by any means.

In pursuit of consumption, we brought ourselves to an environmental crisis that could unleash on the planet in full in the coming decades.
And this despite the fact that the poles are changing their position means much faster than predicted 50 years ago.
In other words, if we do not prepare the planet for our children, then they will have nothing to invest in their cryptocurrency.
Yes, this is one step into ensuring a bright future for our children. Mining cryptocurrencies consume a lot of energy and if we don't switch to renewable energy soon enough. We are ensuing doom not only to ourselves, but to everyone. I've seen some projects like this in the past few weeks like the smart bottle which pays people to clean earth of plastic waste everytime you drink. Hopefully more projects like this come around
1830  Economy / Gambling discussion / Re: Anyone here dream of achieving their financial goal in life through gambling? on: January 30, 2020, 01:59:52 PM
Gambling is a good place to earn money. But never relies on gambling only. It is too risky. You must know the limit in playing gambling. Set available money to spend and remind yourself when the time to stop. Don't use all the money only for playing gambling!

Be careful when you are playing gambling because gambling is not a good place to earn money. I prefer to use another way besides gambling to earn money because gambling is not the way to make money. If you care about your money, you should not use gambling to make money. We know that many people are losing their money in gambling, and I am sure that you don't want to lose your money. And yes, we don't have to use all money to playing gambling because we can control how much money we want to use for gambling.
But to be fair, there are people who really get rich from gambling. Most of them really got into the maths and science behind it and has been kicked out countless times from gambling arenas, poker games, and such because of how well they know the game. Haven't heard anyone yet able to do this in the case of cryotocurrency gambling. But I myself go agianst gambling as it takes more than what it gives.
1831  Economy / Economics / Re: Bitcoin as a leading currency? on: January 29, 2020, 05:30:11 PM
Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.
Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge  and will always lead as the best currency in the future.
This is what I am focusing on, Bitcoin has gained such a stable and powerful state that not events or changes can affect its value. I am not saying that the value cannot drop, it maybe happen sometime but that is included in the nature of it. Eventual result would be the profit and increase every time. it is one of the best currency of the time and will become even more good in the near future.
However, despite the "power" it has right now compared to fiats and basically every cryptocurrency on the market, it's still goes by unnoticed. It hasn't even seen large use from people. So there's something wrong here. Bitcoin needed support from the public to thrive. And that is the missing factor in the equation. Even if your coin's. 100x mire powerful than USD, if people don't wanna use it. It won't succeed.
1832  Alternate cryptocurrencies / Altcoin Discussion / Re: Cut crypto loss at no cost on: January 29, 2020, 04:41:55 PM
Free coins will hardly make any value at all. That is the problem with something freely given away. By the time it acquires value even if very little, those who received them for free will not think twice to immediately dump them. A free coin in exchange to a buck or two is good enough.
And worse, some of them are even scams. Asking you to join an airdrop only to be disappointed at the end of the day knowing that your coin not only is a coin of little to no value. It's also non-existent. Cryptocurrencies are not a get-rich quick scheme. You have to put in a lot of effort in order to profit big here. I would highly suggest people look elsewhere if they want to be rich quickly, because cryptocurrencies are not for you.
1833  Bitcoin / Bitcoin Discussion / Re: How is Bitcoin living up to Satoshi's original vision? on: January 29, 2020, 04:10:29 PM
I work on contract in some third world countries and I can tell you from first hand experience that these remittance companies in some of these countries are definitely a lot more expensive than Bitcoin. I introduced Bitcoin to some people in these countries and subsequently put between 10% to 30% money back into their pockets by doing this.  Wink

When last have you done any global transfers of money? Some of these transfers takes up to 3 days to be processed. Bitcoin might not be instantaneous like Credit card payments, but the affect on your balance is evident within a couple of minutes. I have done credit card payments at some retailers and the transaction only shown after 1 or 2 days in my account.

Also, have you heard of the Lightning Network? You might be surprised to see almost instantaneous transactions on the Lightning Network being done at a fraction of the fees being charged for on-chain transactions.  
Remittance Centers in my country are a commodity. They saw the opportunity to make mad bucks ok it and are now charging more than the usual charge or fee they impose. It's true that bitcoin might've strated away from what Satoshi initially wanted it to be. But this is only happening because the technology we have right now is insufficient to support bitcoin in it's utmost capabilities. It's imperative for bitcoin to stay as an asset right now, at the very least it's alive and well. Provided we have enough technology and support, bitcoin will be more than ready to take on being a bonafide currency.
1834  Economy / Economics / Re: New York City Stores Must Accept Cash Council Says on: January 29, 2020, 03:10:17 PM
This is precisely the same law as in my country (and in any other countries CMIIW). Stores must accept the national currency (in this case, dollar). Since the dollar has two forms, i.e., paper cash and digital, stores must take both as payment.

Thou shalt not reject the dollar!
It's kind of sad how this is going on right now. Most officials see cryptocurrencies, even digital currencies in general as a nemesis of the state. They see this modes of payments as something that could cause an economic collapse that is why they're trying everything in their power to stop it's progress. They're trying to ban these innovative currencies indirectly or directly empowering the 1% of people that are on top of the money ladder.
1835  Economy / Gambling discussion / Re: How Much Money You Need To Win To Stop gambling, Is This Possible. on: January 29, 2020, 01:56:01 PM
1million
10 million
100 million

you'll still be miserable, if you don't find meaning in your life.

the difference is being miserable on a wooden chair or a goldendiamond chair.

but still it's more important to think about this question:
what are you doing with your life?
Some people just become so addicted to gambling they can never quit it anymore. They lose, they'll cash in more money to win their losses back, even going so far as indebting themselves just to fulfill their gambling addiction. When they win, they would cash in more because they feel lucky. Once you get into this death spiral, Only thing that's gonna get you out of it is self-realization. Otherwise you'll die nameless.
1836  Bitcoin / Bitcoin Discussion / Re: New Body Of Control? on: January 28, 2020, 05:13:14 PM
I will be more agree if bitcoin to be payment, but not replace fiat. I think replace fiat is not that easy to do. But be something that can be as payment  with fiat and another digital payment. With that, people can choose what they want to use and not afraid if they are break the law in country that he use bitcoin as payment.
This is particularly what could happen if we take into account bitcoin's current stature in the economy wprld and how the global economy fares so far. That being said, bitcoin might be an alternative currency people can use especially those countries that are struck with hyperinflation because those countries are specifically the ones that will benefit the most from bitcoin.
1837  Economy / Economics / Re: Stance on bitcoin's effect towards the Global Economy on: January 28, 2020, 04:26:37 PM
Nobody can deny that bitcoin has changed some things, just to give an example if your bank is a horrible shady bank at least bitcoin offered an alternative to it, if your nation is a bad one (in financial terms) you could buy bitcoins to get away from impending devaluation. Many many reasons why bitcoin became an alternative to people and changed their lives.

However, global economy is just too huge, and I mean really huge, bitcoin could be bigger in market value than some of the worlds smallest nations treasury for example but when you talk about "global" it becomes something even bigger, it becomes a real big gap between where bitcoin is right now and where global economy is at. Of course it has a role in it now, nobody can say bitcoin is nothing but we still have a long way to go as well.
Bitcoin when compared to how huge the global economy is definitely miniscule. But the thing about bitcoin and most established cryotocurrencies in the market is that they all have potential. They have the ability to become something greater than they are right now. People are seeing the current situation of the economy and the environment and is now switching to a fairly greener more consumer-friendly cryptocurrency alternative. Though it is slow, people are adopting bitcoins by the minute as a scapegoat for when the economy becomes so unbearable for the common joe.
1838  Economy / Economics / Re: USD / Crypto Pairing question on: January 28, 2020, 03:47:20 PM
The dollar connection with Cryptocurrency should now be broken. I think let's calculate Bitcoin value in gold. Because we have made a more memorable and real comparison. Bitcoin opened the door of a new economic model. Let's not compare with classic vehicles anymore.

And how is the value of gold measured and valued? In US Dollar and other fiat currencies also.

For now, it is hard to let go of the connection because fiat still rules the monetary world. But we will of course get away with it in due time.
Indeed. Pretty much everything is still dependent on fiat despite claims saying that it's already dying. We can't really abolish the cryptocurrency-USD relationship just yet because of how unsuitable for commerce bitcoin and most of today's cryptocurrencies are. Hopefully in the near future this will change. I know everyone's eager to see cryotocurrency winning this race at the end of the line.
1839  Alternate cryptocurrencies / Altcoin Discussion / Re: Chinese Crypto Vs Corona Virus on: January 28, 2020, 03:03:23 PM
The virus that spread in china is a alarming situation as many people health get ill and they will suffer health issues, but on the other hand it does not make any difference with crypto as you can deal with this at home or wherever you are, you do not need to go anywhere to use this currency thats the best thing of crypto
I don't think it has any effect on cryptocurrency. We know that nowadays it is very busy to talk about the corona virus and its ever-expanding spread so that quarantine is carried out at a certain point in the area. But that I don't think has an influence on the cryptocurrency price movements. This corona virus might only have an impact on the economic situation in China and possibly in some other sectors affected by the virus but for cryptocurrency I don't think there is any correlation with that.

right, it is proven that we can see an increase in the price of bitcoin, and some of the other altcoins, even today we can see significant developments, although previously the bitcoiners were worried, because China is the largest mining country. it is true that it might only have an impact on the economy of this epidemic country


I believe that the Chinese Government had something up its sleeves to ensure that economic stability is still there. Their main concern right now is making sure that the virus is contained and eradicated so as to not cause a much bigger issue than what is happening right now. So despite the coronavirus spreading like fake news right now, I believe China still got this in the bag.
1840  Economy / Economics / Re: Question about inflation and debt. on: January 27, 2020, 04:59:30 PM
If a random country is in debt, is printing money a good way to pay it off at the expense of the citizens?

For example, lets say you owe an entity $100. If you print an extra $100 bill you pay off your debt, but unbeknownst to the entity the $100 that they lent you is now worth less.

Would the barter system be a good way of combating this?

Not barter but a universal credit rating system can help in facilitating foreign exchange market. Every item of international importance should be given some fixed rating for example, one gallon of petrol worth 5 ratings while 100 kg of onion worth 4 ratings, etc. These ratings could be periodically adjusted due to variation in supply/demand.
Now any country can import goods from any other country without paying real money. The whole system will work on credit system. Debt of one item can be paid off using the credits earned by exporting other items.
If any country is in need of cash flow then it can sell the credits to certain mediator like IMF/World Bank which pay the equivalent amount in fiat currencies by assessing the country's economy. Stronger economies will get better exchange rates for their credits as compared to weaker economies.
This could be the solution to Venezuela's hyperinflation rate as of the moment. The country's been in a bad debt lately and their money pretty much is worthless right now. They have little to none to work out, so basically what they could just do to alleviate this is to sell stuff they already have. I don't further details regarding the issue in Venezuela's economy but as I was saying thsi could be a viable solution.
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