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Showing 20 of 372 results by Daimon88
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Board Economics
Re: Cryptocurrency - future?
by
Daimon88
on 17/11/2018, 07:30:11 UTC
I think their would be a great possibilities in the future of the crypto currency. People would still look forward for the great opportunities that would come along the way.
There is no doubt in it. People will always be been interested in bitcoin whenever they come to know about it. Right now, even hundreds and thousands of people are still unaware of it. But those who know are rightfully and efficiently benefiting from this chance. They are making money from it and increasing the income for their livings. So yes, go with it.
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Topic
Board Trading Discussion
Re: Will bitcoin reach $100,000 in two years? Bitcoin statistics and predictions
by
Daimon88
on 09/11/2018, 12:08:58 UTC
Bitcoin has reached the $ 20,000 in 2017.So the price of Bitcoin can be reached when the conditions are ripe. I will buy it and keep about 2BTC for the future.
Yes, anything can happen but you don’t know when or how. Same as the price can also drop when you least expected it and even below what you expect. Many people never expected that the price will be low as 6000 dollars by now.

A lot of analysts predicted that we will get to 15,000 dollars by August and that never happened. I’ve bought a few BTC but not with hope that the price will increase anytime soon, neither am I believing that price will increase this year (but if it does, then lucky).
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Board Trading Discussion
Re: My Views on When to Sell
by
Daimon88
on 09/11/2018, 10:15:19 UTC
I always have one rule for this. I work for my bitcoins, which means I do not buy bitcoin. I have been in this bitcoin and crypto market over 6 years now and never purchased a single bitcoin in my entire life, yet I still do not sell under certain prices. For example, if I need money, I sell my bitcoins and pay my bills, get food, pay for a movie, get a new game and so forth, I basically live with the bitcoin income.

However whatever is left in bitcoin, I do not cash that out, I cash about 25 dollars or so every time I need money and spend it and when its over I cash out another 25 dollars and keep doing this. Sometimes I have no expenses, sometimes there are some extra ones and life goes on like that.

No matter what the reason is I do not sell the rest and keep them in bitcoin. However when bitcoin reaches to a new "all time high" price I always sell all of it. Last time it was at around 20k I sold all I made from 8 thousand to 20 thousand, every single cent I earned I sold it right away.
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Board Altcoin Discussion
Re: Do you buy new coins?
by
Daimon88
on 09/11/2018, 09:31:15 UTC
I am not sure that it is time to buy new coins now. As i see more coins loose their value from day to day. I prefer old coins and bought just several new during last year.
Yup. Most people think together with you. This is a very difficult time to choose a good project and it will be very risky if you do not know exactly what the project is. I think investing in the old coin will make your investment more stable and will make a good profit if there is big news to this market.
Depends on how "new" they need to be. Do you mean anything that came out in the last year or do you mean like getting into some ICO? If you mean do I buy into ICO coins that is not on any exchange yet than I do not do that anymore. I stopped getting into ICO's because I do not invest into anything that has not been done yet, I need to see the coin and how it is run by the team before I get into the coin.

However if you mean do I get into a coin that is already on exchanges but recently got in and just a coin that is a year old and not that much further than I may depending on how well it is run. If the team improves the coin constantly and doing marketing really actively and have a good community that is supporting it than there is no reason for me to not get in (I still do not get in if there was a big increase recently).
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Board Services
Re: Bitsgap.com Signature Campaign. Full Members+ Accepted!
by
Daimon88
on 08/11/2018, 15:40:31 UTC
Bitcointalk username: Daimon88
Bitcoin wallet address: 17RonQG2rF3kpPATBnfv1A8mkWy9vvmgAA
Current post count: 397
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Topic
Board Trading Discussion
Re: How to be A Good Trader? [new]
by
Daimon88
on 13/10/2018, 19:29:15 UTC
Just get the basics first and get to familiarize yourself with some trading terms, the use of indicators, the use of candles and some form of technical analysis. The whole thing depends on the level at which you are ready to learn and for the good part of it, there are so many resources these days that you can always get from the net and that has made learning a whole lot easy for a lot of people who are enthusiastic about trading effectively. You also have to understand the market as well, and that is what would really help you when it comes to making market decisions whichever way.
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Topic
Board Economics
Re: Why Cryptocurrency threatens governments
by
Daimon88
on 01/10/2018, 10:20:14 UTC
I think the government feels threatened because this bitcoin has blockchain technology that can see all existing transactions and no longer need to use a bank so I am sure the bank is also threatened so that banks threaten the government and government feel threatened from banks and bitcoin I am sure of that.

So you are saying that the function of banks is just to see the existing transactions that is being made in the country? No, that is not true. Banks has a lot of functions in a country and it is important.

Banks are not threatened by cryptocurrencies, Why? Yes, Bitcoin and other cryptocurrencies are decentralized, it is anonymous but in terms of transactions, payment method using banks are still great. Cryptos still has tranasaction fees though most of the banks don't have, it is widely accepted while cryptos are not and it is more quicker or faster than cryptos.
What you have stated is the actual truth and one of the reasons why banks will always be functional in the long run, while finding a way to integrate the blockchain technology into their system. Banks know that blockchain is the future and they are ready to study and adopt it in the long run.

Sure, decentralization may be one thing they feel could be a problem, but in essence the use of bitcoin would just be another form of making payments, which would only be applicable to those who are adopters of it, since not everyone will anyway be accessible to it, but in the long run, banks will always still stay relevant, and I do not think at this stage, the government will feel threatened with cryptocurrency.
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Topic
Board Speculation
Re: Will bitcoin reach $25000 by the end of the year?
by
Daimon88
on 28/09/2018, 20:43:32 UTC
-snip-
I don't know, I know price is influenced by many things but in the end does it look like 2017 to you? Does it look like there is any chance left that we can once again see a huge bull run? I doubt it can happen any time soon.

As long as these short futures and bitmex leverage trading stands, people will keep profiting from bitcoin price going down. I know bitcoin has gone up a lot before way more than 6 to 25 levels however this time people can actually profit from going down and it wasn't like that before.

I think bitcoin WILL hit 25k but I am not too sure if it will be by the end of the year.
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Topic
Board Speculation
Re: Again BTC going down?
by
Daimon88
on 22/09/2018, 11:29:42 UTC
Bitcoin is going down again and that's what the definition of a roller coaster ride is. We might see bitcoin on the rise today but don't expect to continue to rise tomorrow. The market is still in the bearish market and it really needs time for it to recover. It may fall short to have its full recovery this year, but for sure, it will recover in due time.
There is no due time for Bitcoin price to act according to time but in real there are several market factors which are behind the price movement. You will see different prices if you go back in the past and read the values in different times will give you different values so do not think that you will see high price in the next two months but it can happen tomorrow or day after tomorrow so be alert always.
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Topic
Board Speculation
Re: When Will the Bear Market End?
by
Daimon88
on 11/09/2018, 08:49:59 UTC
No one knows when will this bear market will end. You will only determine that bulls are coming if theres a sudden massive increase in market cap of all coins.
Yeah there is no one knows? a few days ago, I was sure that the bear trend was over but what was happening on the market now proved that the bear trend was still not over and we don't know when the bull trend is happening, but I still believe that the bull trend will definitely happen, the key is dont be panic..
  Absolutely, no one can forsee on the future, we are normal humans who only predict on future. Perhaps, we based our prediction on how the market run and how it has been and differentiate the last year and the current year situation. But I have a huge instinct that a bull run will occur in a particular way.
If we could all see what would be occurring in the future, we would just be sleeping in our houses, and making easy decisions to take advantage of the market fluctuations with ease.

Whether a bull run is going to start or not, the truth remains that, we can only try as much as possible to blend with the market trend and assumption is what has made people to enter the market at the wrong time, and then when the market keeps going down the more, they start complaining about how crazy the market is with manipulations.
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Topic
Board Economics
Re: Is wallet security important to use?
by
Daimon88
on 28/07/2018, 05:43:05 UTC
I think purse purse is necessary. Nowadays, hackers are stalking us, probably losing money at any time, so focus on this do not visit bad sites. So you are vulnerable to hacker attacks.
It is more like someone building a castle without a fence and some necessary security around to be able to wade off any attacker. The higher the security, the more it is difficult for an intruder to penetrate, which in this case are the hackers and for those who feel there is no need for security, I guess they will have to wait for the fateful day when they will realize that security is not as expensive and hard to do than losing your funds to some bunch of hackers.

Use of a wallet may differ per individual hence we cannot have a common opinion on wallet security under usage of a wallet. But security must be a basic criteria while choosing the wallet, based on this we may assume how important this aspect is.
Whenever something is made secure, that isn’t just made secure rather there are some basic requirements and best practices that everyone must follow to make good results. This bitcoin is secure and safe but you don’t need to be relaxed and over confident on this security. Hackers are lawyers in search of loopholes that will be obvious when you don’t take care.
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Topic
Board Trading Discussion
Re: Why are people afraid to invest in cryptocurrency?
by
Daimon88
on 26/07/2018, 07:18:17 UTC
People are afraid of losing money. Never invest more you are willing to lose
But right now, the risk of loosing money has declined to a great extent because people have started seeing profits with the rising price of Bitcoin and this is the reason they change their minds from a risk conscious one to a risk lover one. Actually every business has some risk attached but people still invest so it should not be a hurdle or an obstacle to keep you away from investing in the coins with great potential.
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Topic
Board Trading Discussion
Re: Stop Loss Trading
by
Daimon88
on 26/07/2018, 06:47:20 UTC
to be able to stop losses in trading you seem to need expertise and can control your patience so you will not get the loss again because if you can not control your patience then I am sure you will only get a lot of losses.
That is not a tough job I would say because you have the resources available to research and explore about the crypto currencies whatever you want to. You have to read research papers coming out of leading universities like MIT and Stanford and have to have the market exposure and the calm mind. Your idea is the important fuel that will drive you forward and the more you spend time in solving the knots in your business, the more wise you gets as a trader.
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Board Gambling discussion
Re: Shyness in gambling
by
Daimon88
on 26/07/2018, 06:10:33 UTC
Shyness in gambling will always harm you in a different way because if people come to know that whether you are a gambler than it will hurt you much. Not only if you lose money through gambling it might affect your family in a different way, while gambling you have to be very careful.
This is just useless. If you shy this would let you lose your game. Oh come one brother, I am really amazed rather astonished to see what you have been up to. You can just make good decision and good thinking for better future. You can see the things that are making loss for you but see your opinion. Either you shy or not, you are directly going to lose everything that you have.
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Topic
Board Gambling discussion
Re: How to spot a scam ?
by
Daimon88
on 26/07/2018, 05:36:31 UTC
A scam most-likely won't happen at long-standing casino, which already has good reputation. If you want to minimize risk - don't try freshly opened ones as there are decent amount of proven websites that offer options to satisfy anyone's needs.
Well I am little bit misunderstood with the concepts that you are talking about. Really, if you want to spot a scam then go for trading and investing and search out which ICOs are really harmful and scam that people must save themselves from. But if you are just trying out to save yourself from scam in gambling, this is still a loss for you that needs to be solved.
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Board Gambling discussion
Re: Does hard work in gambling count?
by
Daimon88
on 26/07/2018, 05:06:34 UTC
Putting your time in to poker and sports betting counts. For the most part it's all on luck because it can turn things in your way even though all hope is lost.
and other gambling games that uses analysis counts too. luck plays a huge role in gambling it can change your life depend on the result its either you win or lose that's how gambling works.

Goes to say that hard work applies to some gambling games but majority would only waste your time since they're mainly reliant on luck. Poker for me not only counts hard work, but you have to enjoy what you're doing. It's easy to like poker anyways
It is the waste of your time. You may be encountering with such conditions at many times that why I am doing this. I know this isn’t right thing to do. I know it clearly that this is just harmful for me and it is proving to be harmful, but why I am going again and again here. So don’t just make things only in your mind. Just do it. Leave gambling for so many reasons and make your life amazing
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Topic
Board Speculation
Re: Bitcoin again 6k$.....
by
Daimon88
on 25/07/2018, 06:32:33 UTC
BTC already costs almost $ 7500 and it looks like tomorrow the price will be about $ 8000.  I hope this will be a steady growth.
If you check the current graphs and price charts, we have had a consistent rise in the price of Bitcoin since the advent of July and this continue to happen until today’s value and we have Bitcoin above $7000 right now. So keeping these facts in the mind I do not think Bitcoin will fall again and would rather rise for we are approaching the impending December when the market will be in full swing. Nor it can cross $8000 overnight I think.
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Topic
Board Speculation
Re: Are you afraid of the market now?
by
Daimon88
on 25/07/2018, 06:02:12 UTC
Nothing to be afraid of if you really have faith in btc although feeling that is normal but don't let your feeling make a wrong decision. If there's a fall what I always put on my mind is the price will goes back again no matter what.
Well in my opinion, no one should be afraid of the market for the market is something to be observed and as long as you are having perfect market information, you are safe in the market. It is only harmful for those who are in the market for business with incomplete knowledge. Besides, we have a rising trend in the values of Bitcoin and this is the time the wise investors try to own as much coins as they can.
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Topic
Board Economics
Re: Lost Bitcoins
by
Daimon88
on 21/07/2018, 06:05:20 UTC
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?
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?
How do you even know when there are lost Bitcoin? How can you tell, when everything is private or so (I don’t know how to tell it, but it will be really hard to find out when there are lost coins, unless maybe they will start to be checking out which wallets or addresses are inactive and when they see inactive wallet and addresses they shift the coins in to exchanges or so.Another thing is that when there are not enough coin in circulation, the price for a coin will be very high.
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Topic
Board Economics
Re: Tax on the crypto currency! What do you think?
by
Daimon88
on 21/07/2018, 05:31:49 UTC
There are several tax options today, and all of them can be applied to crypto-currencies, depending on how the latter are defined in the state. Most often, the following taxes are introduced:
  • Value Added Tax (VAT). It can be levied by trade operations made with the help of crypto currency as a means of payment, as well as currency exchange. Basically - the exchange of crypto currency for fiat money, but in theory VAT can be levied on the exchange of crypto currency between each other. It operates mainly in those countries where crypto-currencies are recognized as a payment instrument, for example, in Japan. When buying goods and services for cryptocurrensies, VAT will also have to be paid to the residents of the UK, but they can exchange the crypto-currencies for fiat without paying VAT.
  • Tax on goods and services. A kind of analogue of VAT for those countries that have recognized crypto-currencies are not a means of payment, but a commodity. Acts on the same principle as VAT. Only in the case of VAT, the taxpayer is in fact a buyer, and in the case of a tax on goods and services, a supplier of goods and services, in this case a holder of a crypto currency. He has been working in Singapore for several years. At the beginning of this year, a similar system was adopted by Israel with respect to the mining, which was equated with the production of goods.
  • Personal income tax. Personal incomes in crypto-currencies are taxed, for example, the salary paid by the employer in bitcoins. Implemented, for example, in the US.
  • Profits tax. They are subject to any companies that make a profit. Also, they are subject to profits earned as a result of trading on the exchange and the performance of other currency transactions. In the cryptosphere, this system is used specifically to tax the crypto traders and various crypto-currency organizations (from the exchange of crypto-currencies to the pools for mining). Mining may also be subject to profit tax. In the US, for example, take into account the profit from crypto-activity in the tax declaration will have to be traders and miners, and all people who somehow earn on crypto-currencies as a result of speculation. The same tax is levied on all crypto-currency transactions made by legal entities in Australia and Japan.
  • Capital gains tax. They are subject to income of individuals and legal entities obtained as a result of investing in shares, bonds, securities, valuable assets and so on. In the cryptosphere, it starts acting as soon as the crypto-currencies are equated to valuable assets. Not only investors fall in, but all holders are also crypto currency. This system is implemented in the US, where it matters how long the holders of crypto currency keep them and in what quantity. He also works in Australia, Brazil, Canada and in many EU countries - Bulgaria, Finland, Germany, Spain and others.
  • Property tax. For the cryptosphere, it becomes important when the crypto-currencies are recognized as property, a valuable asset that is owned. As soon as such an amendment is made, the holder of the crypto currency is required to notify the tax service of all transactions concluded with this asset. Such an amendment was introduced in the US tax legislation, where the crypto-currencies in this case are presented as a valuable asset, and in Australia, where they are recognized as property.
What do you think about the taxation of cryptocurrencies? Which model fits best?
There is nothing like tax on Bitcoin cause nobody can charge tax to Bitcoin users, unless maybe the fees we are being charged for transactions are being given to the government as tax, lol… they are not, fees we pay are for the miners, so there is no tax that is being paid by Bitcoin and they are not supposed to pay any tax cause Bitcoin does not belong to a particular country or government, it’s open to anyone and any country.