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Re: Up to 18% Commission in BTC Selling Products with Find Good Health
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Good idea I support any initiative that offers solutions to healthy FOOD and to educate the community about the benefits of it but is this the right place?
Many thanks for taking the time to answer @hugeblack. It's true that I offer solutions for healthy food and natural remedies but my store mainly focuses on physical products, that's why I believed the 'Goods' section would be better suited for this thread. Receive my apologies if it was better to post it in Services, if a moderator considers it belongs there feel free to move the thread.
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I mean that this forum focuses on crypto so that most of those in this forum are computer-related and I do not think that many of them are very interested in eating healthy Grin Tongue Tongue Tongue Tongue.
I posted a message in 'Services' where I talk a bit about what convinced me to enter BTC personally and in business. The educational talks by John Mcafee which showed me the potential of the blockchain beyond transaction tracking, they made me want to support it. I like computers and imho quite a number of tech savvy people tend to be very smart and careful about their health, exercise and eating habits. The stereotype of an obese programmer is a myth specially among true BTC supporters who are well aware of the state of health society is in.
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Generally, you can start, most marketing campaigns here rely on signature campaigns where people wear a signature related to the subject you want to promote, for more Read this topic ---> Services.
Thanks for the heads up, I'll read the article. I don't know if it will be effective a signature to promote an affiliate physical product but it's worth a shot.
Re: Up to 18% Commission in BTC Selling Products with Find Good Health
Can I ask an opinion for those working as affiliate marketers?
- As this is my first time setting up an affiliate program I'd like to know your perspective on how attractive the conditions are for those actively working in affiliate programs.
- How could I make the offer more attractive to those seriously interested in working as affiliate marketers and those with more experience at it?
- There's anything you don't like in the conditions, what would you change?
- I'll appreciate any new perspective and advice you can share.
- As this is my first time setting up an affiliate program I'd like to know your perspective on how attractive the conditions are for those actively working in affiliate programs.
- How could I make the offer more attractive to those seriously interested in working as affiliate marketers and those with more experience at it?
- There's anything you don't like in the conditions, what would you change?
- I'll appreciate any new perspective and advice you can share.
Up to 18% Commission in BTC Selling Products with Find Good Health
Hi everyone,
I've recently setup an affiliate program in my health store "Find Good Health". I have a small selection of products; some are impulse buys but others require educating the public about the huge benefits they have and how effectively they can solve customer's problems. That's why my product pages have long copy and I seek affiliate marketers who know how to sell using this philosophy.
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HOW MUCH CAN I EARN
All the details about the program, rules and the sign up form is in the next link where I talk about how, after the 2017 changes, if you Affiliate with Amazon you will get low commissions and one of the alternatives is to diversify working for many smaller businesses at the same time.
I've recently setup an affiliate program in my health store "Find Good Health". I have a small selection of products; some are impulse buys but others require educating the public about the huge benefits they have and how effectively they can solve customer's problems. That's why my product pages have long copy and I seek affiliate marketers who know how to sell using this philosophy.
===============================================================================================
HOW MUCH CAN I EARN
- Commissions are 9% or 18% depending on your volume of sales (10 or more products per week).
- Balance is paid either to your PayPal account or BTC address. (Segwit p2sh and bech32 addresses encouraged).
- Tracking of sales through custom promotional code.
- Free to sign up. It is required to keep in contact with me.
All the details about the program, rules and the sign up form is in the next link where I talk about how, after the 2017 changes, if you Affiliate with Amazon you will get low commissions and one of the alternatives is to diversify working for many smaller businesses at the same time.
Late to The Party but Proud to Finally Accept BTC in My Health Store
It took me some time to enter Bitcoin, for personal and business use, due to its high volatility but finally made the plunge thanks to John Mcaffee's educating explanations in several of his talks. These helped me see the potential of blockchain beyond transaction tracking and this made me want to support BTC.
By the way the business I own is Find Good Health My focus there is to help people learn to achieve and keep a good health and well-being by themselves through information about nutrition, fitness, complementary therapies and emotional balance. For this I offer a small selection of eco-friendly fitness tools and accessories, 100% natural skincare products, acupuncture devices, yoga and meditation tools, etc.
Looking forward to see some of you over there!
By the way the business I own is Find Good Health My focus there is to help people learn to achieve and keep a good health and well-being by themselves through information about nutrition, fitness, complementary therapies and emotional balance. For this I offer a small selection of eco-friendly fitness tools and accessories, 100% natural skincare products, acupuncture devices, yoga and meditation tools, etc.
Looking forward to see some of you over there!
Smoking is definitively unhealthy, never smoked, never will. But other forms of intake like essential oils, tinctures, etc. may actually be pretty healthy as mentions this documentary. "Cannabis cancer research studies". Food agencies like FAO consider the hemp plant a superfood for its high content in nutrients with the plus that it is completely legal to consume the hemp part of the plant.
But there's no need to go exotic to be well nourished, there are many healthy foods to eat that we seldomly use in our meals. I've used hemp flour for breads and recipes but I found it exotic and expensive to acquire so I resort to healthy and easier to acquire foods. I can't say I consume weed in any form but if it gets legal and affordable why not?
But there's no need to go exotic to be well nourished, there are many healthy foods to eat that we seldomly use in our meals. I've used hemp flour for breads and recipes but I found it exotic and expensive to acquire so I resort to healthy and easier to acquire foods. I can't say I consume weed in any form but if it gets legal and affordable why not?
Not at all. In fact, I earned most when doge had been collapsing in March-April down to 36-37. Dogecoin is very awarding whether it falls or grows, if you know its ways, of course (it is just heavy on the CVS, lol). The only time I suffered significant loss was in February, but that was not due to trading, wtf. Back then I had been trading at Bter, and I had all of my deposit in doges (about 3.5 BTC at the time), which I bought at 59. Right after that (just a few hours later) Bter got hacked, and I got my funds frozen there. A few days later the price was at 61-62 everywhere, which would have given me 4-5% of profit. When in March I was finally able to withdraw my deposit, the price had fallen to 50-51...
That issue confirmed my prior decision not to buy crypto with fiat
That issue confirmed my prior decision not to buy crypto with fiat
So you can go short with Doge? In what exchange? I only know about BTC & LTC with Bitfinex.
Being in Cryptsy I can only take long positions which sucks because the number of altcoins in a downtrend is higher.
Well is one of the first persons that says his results and well into 2 years is something to show that exchange turn into a loss as well not soo easy to profit,and yes without time to make your positions is hard to profit ,looks you must look for other feature besides exchange .
I started with around 1.7 BTC in January, and by June I had about 8 BTC, 90% of which came from trading Doge:BTC pair. Since it was all manual and rather exhausting, I switched to automatic trading (and to BTC:USD pair), earned (and learned) something, and right now I'm developing two bots, one for a fiat exchange (it is already bringing in profits) and another for arbitrage on BTC exchanges (still in the works). Autotrading at one exchange hasn't been very profitable recently (not enough volatility, wtf)...
I'm aiming at 1% daily (as a minimum)
Well with Doge it's been really difficult to make a profit since it has had long downtrends and very short and abrupt bullish moves. I suppose you picked the May peak in price but imho I consider risky to have 90% of your profits in only one crypto but I admit I'm in the same situation, recently I've picked a crypto where I've invested heavily and for now it has given me nice profits but I've been trading only for two months.
What I miss the most in exchanges is more indicators since in Cryptsy, where I'm trading, you only have volume and japanese candles and Bitcoinwisdom only has a couple of altcoins. I imagine you must be programming all your indicators manually on your bots or do you pick them from some website API?
Just try it and report back.
Usually it is of course not possible to make such a profit. So you have to find out, what the problem is.
At btce the problem is, that there are very high deposit fees.
I don't know the problem at cryptsy, but obviously it is a very big problem and everyone should be very careful with EUR trades at cryptsy.
edit:
I asked BitJohn. There is currently no withdraw option for EUR available
Usually it is of course not possible to make such a profit. So you have to find out, what the problem is.
At btce the problem is, that there are very high deposit fees.
I don't know the problem at cryptsy, but obviously it is a very big problem and everyone should be very careful with EUR trades at cryptsy.
edit:
I asked BitJohn. There is currently no withdraw option for EUR available
Thanks for your answer Serp. That's what I was interested in when I asked the question. Usually there are hidden fees and details that make the trade unprofitable like those high deposit fees you mentioned that you only realize when you actually make the trade. It would be nice if you could post those fees to calculate/estimate the net profit. Since I do not have an account at btc-e I can only know the transaction fees there 0.2%. So if you have an account there could you share all the fees that they have? At Cryptsy I have an account and even now I'm still very unsure of their fees if I'd withdraw from them or make a transaction how many hours it would take so someone who has had an account at btc-e for some time would be helpful.
About the problem of not being able to withdraw in EUR it could be solved exchanging it for USD. The actual ratio is 0.94 so that gross profit of 219.87 EUR can be withdraw as 206.7 USD which is still a nice profit. What I'm more interested to know are all the fees you have to take into account between both exchanges so I can make a good estimation of the net profit without having to try it myself and fill all the dox in both exchanges. Call me lazy but I don't want to make all that hassle to finally realizing the profit margin is so low and the risk (of missing the trade) so high that I better keep trading cryptocurrencies only and not do arbitrage verifying several accounts in different exchanges.
P. S. Btw tnx for the cointracker tool on your signature. I just signed up and seems a very useful tool for my trades. Let's see how it helps me to keep a good track of them.
I first got bitcoin from withdrawing from gambling sites. I deposited with another method but could withdraw bitcoin so i did it. Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations. However, isn't the value of bitcoin almost always going to go up so its best to hold it? I know last year it was $600 and the highest was when it was more than $1000 per bitcoin. But since it is all the way down to $200-$300, isn't having bitcoin always good? Could bitcoin go all the way to 0 soon? I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that. But even if it does, isn't it almost always going to rebound and go back up? Last time i had btc and it was $230 or so and now it went up to $260. So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.
I'm sure there are ppl that have thousands or bitcoins right and just hold on to it? And many that would sell btc immediately if prices go all the way up? If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right? However if they sell it via localbitcoins or other method, they are going to get a higher profit right? However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.
In general, isn't holding BTC always a good thing since the price of it is pretty low now? Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster. But since its in the $200-$300 range, isn't having BTC always good?
I'm sure there are ppl that have thousands or bitcoins right and just hold on to it? And many that would sell btc immediately if prices go all the way up? If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right? However if they sell it via localbitcoins or other method, they are going to get a higher profit right? However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.
In general, isn't holding BTC always a good thing since the price of it is pretty low now? Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster. But since its in the $200-$300 range, isn't having BTC always good?
The problem here imho is that you seem to be asking for an oracle to foresee how the btc price is going to behave in the future. Sorry to bring bad news but no one is able to do that reliably and if they make a mistake you'll regret having believed what a stranger told you. There's no holding for the long term or short term, there is entering a trade (adquiring cryptocurrency) at the right time and exit a trade (sell it) at an equal right time. What I'd do in your place is learning from a good trading course. They have gotten really affordable nowadays and will help you a lot to read how a price can behave in the future and make good reads from the market. Is harder than blindly follow a stranger opinion but is more rewarding and reliable. A good way to start learning are the courses from Steve Nison.
Hi all,
I wanted to make an open question for those of you actively doing arbitrage. First of all for those of you that feel the "urge" to mention arbitrage has been discussed in many threads and "just do a search" I say that it's been discussed but never with the specificity I'm looking for so I'm opening this thread to make specific questions and try to understand the answers with an example that illustrate better what my doubts are.
I've been interested in getting into arbitrage but the subtleties and nuances can make the theory very different from practice and the estimated profits much less than calculated.
I would like to know with an specific example how would you calculate the profit (reward) versus the risk (initial investment, potential of missing the trade) after taken into account several things:
As a help for me to understand how you estimate risk/reward let me introduce and example and if you want to help complete it with what you'd calculate to estimate time frame, risk, and net profit with all the spreads, fees, etc. deducted.
Let's pick BTC/EUR which has huge spreads between exchanges:
Cryptsy 261
Buy offer 3.5 BTC
BTC-e 198.18
Sell offer 4.25 BTC
Gross profit 62.82 per BTC. Gross risk up to 693.63 EUR, potential gross profit 219.87 EUR. 131.7% Gross ROI.
So what is the net profit, time estimates of all the required steps in this arbitrage trade and how many trades you achieve versus the ones you miss per 20 (pick any number) trades you begin? Any other thing I forgot to ask that you think is important will be welcome.
I'd appreciate any help you can provide, most of all if it is as specific as possible. Is not the same to say "yeah, it has been somewhat profitable for me but is has gotten harder" than answer with the detail I ask above.
I wanted to make an open question for those of you actively doing arbitrage. First of all for those of you that feel the "urge" to mention arbitrage has been discussed in many threads and "just do a search" I say that it's been discussed but never with the specificity I'm looking for so I'm opening this thread to make specific questions and try to understand the answers with an example that illustrate better what my doubts are.
I've been interested in getting into arbitrage but the subtleties and nuances can make the theory very different from practice and the estimated profits much less than calculated.
I would like to know with an specific example how would you calculate the profit (reward) versus the risk (initial investment, potential of missing the trade) after taken into account several things:
- Spread and fees asked at both exchanges.(Including trades and transaction between them).
- Cost of exchanging EUR to USD or any other currency since afaik all deposits must be done in USD. Does this step makes you incur in adittional fees and increased time to perform the trades and deposits you want to do?
- Estimated time to do all the steps needed to do arbitrage reliably and do not miss too many opportunities so you can have an acceptable risk/reward ratio. (Risk of missing the trade versus potential profit).
As a help for me to understand how you estimate risk/reward let me introduce and example and if you want to help complete it with what you'd calculate to estimate time frame, risk, and net profit with all the spreads, fees, etc. deducted.
Let's pick BTC/EUR which has huge spreads between exchanges:
Cryptsy 261
Buy offer 3.5 BTC
BTC-e 198.18
Sell offer 4.25 BTC
Gross profit 62.82 per BTC. Gross risk up to 693.63 EUR, potential gross profit 219.87 EUR. 131.7% Gross ROI.
So what is the net profit, time estimates of all the required steps in this arbitrage trade and how many trades you achieve versus the ones you miss per 20 (pick any number) trades you begin? Any other thing I forgot to ask that you think is important will be welcome.
I'd appreciate any help you can provide, most of all if it is as specific as possible. Is not the same to say "yeah, it has been somewhat profitable for me but is has gotten harder" than answer with the detail I ask above.
Banks are only necessary if people need to deposit their money in them. With bitcoin there is really no reason to keep your bitcoins in a bank.
However, it is foreseeable that people may want to keep their bitcoins safe by keeping them in a bank that they trust. Even if this occurs, bitcoin allows for PROOF OF SOLVENCY which means that everyone can verify that the bank is actually storing their bitcoins for them.
This effectively eliminates the possibility of Fractional Reserve Banking. Who in their right mind is going to give their bitcoins to a bank that turns our around and lends them to other people and makes bets in the stock market with them? Nobody.
Only those banks that embrace PROOF OF SOLVENCY will survive with bitcoin. Those banks that try to hide what they are doing with people's money or try to give some reason why people should allow them to keep only 3% of deposits in reserve and lend the rest out, will not survive. Nobody will use these when there are PROVEN SOLVENT banks now in existence.
What you think?
However, it is foreseeable that people may want to keep their bitcoins safe by keeping them in a bank that they trust. Even if this occurs, bitcoin allows for PROOF OF SOLVENCY which means that everyone can verify that the bank is actually storing their bitcoins for them.
This effectively eliminates the possibility of Fractional Reserve Banking. Who in their right mind is going to give their bitcoins to a bank that turns our around and lends them to other people and makes bets in the stock market with them? Nobody.
Only those banks that embrace PROOF OF SOLVENCY will survive with bitcoin. Those banks that try to hide what they are doing with people's money or try to give some reason why people should allow them to keep only 3% of deposits in reserve and lend the rest out, will not survive. Nobody will use these when there are PROVEN SOLVENT banks now in existence.
What you think?
In an ideal world (a world where banks aren't this powerful and people are willing to take responsability) banks will become obsolete for the citizenship and small bussinesses, only useful for companies in need of big amounts of liquid assets. The reason behind this statement is that not very long ago most of the tasks that banks do today were solved in contracts among individuals.
For example the payment conditions for mortgages were stipulated in a contract between the interested parties (usually an individual owner and the buyer) and was in rare ocassions where a bank was involved. The contract was as valid as any other legal document and the law protected the owner in case of dues being unpaid or the buyer in case any of the contract conditions weren't met by the owner. Another example are personal loans which were done among individuals as well and all the conditions and interest rate arranged via a notary contract. Nowadays this would be a very valid way for people and small bussiness with some saving to have a good return for an investment with small risks since, again law protected the loaners against unpayment and loanees against not stipulated in the contract.
Right now I don't recollect the link but there are law firm websites which promotes and try to educate the population about the laws that were valid in the past can still be applied today for doing these kinds of bussiness arragements without a bank being part of the equation. A bank gives more security to the transactions and makes all the work for you but if the parties take the time to prepare the contract and hire a notary and educate themselves a bit about contract law both will benefit more since they won't have a middleman who asks for its share.
Re: [ANN][MULTIPOOL] BNL Mining Pool - Scrypt ASIC friendly PoW and PoW/PoS hybrids
As for your "constructive criticism", saying things like...
I wouldn't recommend this pool to any friend since there's danger of your hash power not being registered by the pool although the miner reports new hashes being submitted.
is not very cool..
/Bejjan
You're right, now that I know it was because errors in the ERR blockchain I would change that for:
I wouldn't recommend this pool to any friend in its current state since right now there are better pools out there. Transactions here are generally much slower than the competition and the dashboard or server section doesn't always notify you if a scrypt coin has errors in its blockchain nor disables the port for the blockchain broken coin so you can be putting hash power into a coin without knowing when or if is going to be credited to your account so you need to keep vigilant on the state of the currency your putting your hash power into. In addition to that you're likely to see coins you haven't mined being credited to your account which adds more to the insecurity of how your transactions are being handled.
As an example I have this notification on FST transaction:
Code:
Pending transfers
2015-08-18 00:00:03 Debit_AP 16.48353652 FST (0 of 6 confirmations) to ****************6kp
2015-08-18 00:00:03 Debit_AP 16.48353652 FST (0 of 6 confirmations) to ****************6kp
Which is warning the blockchain for FST is broken but not a message on ERR.
Hope that is cooler
P. S. I tried to access the chatlog as well to verify that my memory works well but unfortunately your website chatbox didn't let me access it at all and could not include it along my post before you did so I couldn't double check if what I remembered you answered me was right.
The future of Bitcoin starts with the poorer countries in my opinion. Many people in cities now in Africa, as an example, have smartphones; yet they still rely on their national currencies or the US dollar, and these national curencies are plagued by high inflation and corrupt governments.
Mexicans who come to work here, in Canada, right now still rely on Western Union to send their hard earned money back home, and get exploited with very high fees that eat into their gains.
I realize people from developing countries are slow to adopt Bitcoin, but it is them who stand to gain most by adopting it first...
Mexicans who come to work here, in Canada, right now still rely on Western Union to send their hard earned money back home, and get exploited with very high fees that eat into their gains.
I realize people from developing countries are slow to adopt Bitcoin, but it is them who stand to gain most by adopting it first...
I agree with this opinion, in the case of Argentina, those who realize the potential of bitcoin use it as a refuge since the Argentinian peso is much more volatile than BTC; retirees and savers are tired their savings decrease by 18 times in five years through succesive devaluations. Poor countries have the handicap of education and access to computers but it is said necessity is the mother of ingenuity. As soon as more people in poor countries realize that BTC is a way out to protect themselves from their own corrupt government which over inflates taxes they will start to adopt it. DR Congo taxated so much every industry in its country that the only one that flourished there was bulb/flower industry because the government overlooked and didn't taxed it as high as the rest so it was the only place where new bussinesses could grow and develop.
Or China that imo helped drive the btc price up before its government intervened in early 2014 because before, as Agaguk mentioned, chinese inmigrants had to use Western Union to bring back their money to China, many risked it and hide wads of paper money trying to get through the airport, there you have a limit of 10k $ I think to carry with you without declaring it to the IRS. Imagine when you can load millions into a SD card and carry it with you without declaring any of it to IRS. It is one of the darker sides of btc but to many enterpreneurs is an attractive feature more so if the country you live in has high taxes.
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
I'm a little worried that in the future happens the same with bitcoin forks to what happened to GNU/Linux and Android. Google has turned an open source OS that advocates for freedom, free sharing among a collaborative community and privacy of its users to something that spies and monetizes you. Now most android apps ask permission to access your id, your phone no., google account data, etc. And you don't have the choice to install open source programs available to the Linux community that should work in Android because is based on linux distros. Android is being used by millions of users in barely five years of existence while Linux has a small percentage of the user community in its 20+ years of existence.
I hope it doesn't end happening the same in the cryptocoin world and the majority of the population end up using something like ETH while BTC becomes a cryptocoin used in niche markets for libertarians and tech savvy people. Usually people are attracted to fancy and flashy features while disregarding their own privacy or liberty in the long term, human nature I guess so I'm not very optimistic in that regard. I see all this turmoil as attacks to something governments and corporations can't control yet and maybe we'll end with a "controlled" cryptocoin a simple reedition of the dollar.
I hope it doesn't end happening the same in the cryptocoin world and the majority of the population end up using something like ETH while BTC becomes a cryptocoin used in niche markets for libertarians and tech savvy people. Usually people are attracted to fancy and flashy features while disregarding their own privacy or liberty in the long term, human nature I guess so I'm not very optimistic in that regard. I see all this turmoil as attacks to something governments and corporations can't control yet and maybe we'll end with a "controlled" cryptocoin a simple reedition of the dollar.
Re: [ANN][MULTIPOOL] BNL Mining Pool - Scrypt ASIC friendly PoW and PoW/PoS hybrids
Leinaded: The ERR chain is br0ken, that's hardly the pools fault.
Balance is added to your account as the blocks mature, if the chain is stale, so is the confirmations on blocks, when the blocks don't get confirmed, I cant credit them to your account. Simple as that.
If it was a misunderstanding on my part I apologize but why didn't you say that the chain was broken when I made this question to you on your pool's chat several days ago? I think I remember clearly how you answered: "In my server I have not registers of hashes of ERR submitted by your client so I can't credit ERR to your account". What I concluded by your explanation is that you hadn't any proof that I had mined ERR in your server so I wasn't going to receive a single ERR. Not that the blockchain was broken and I had to wait till it fixes to receive them.
You didn't mention anything of what you're writing here today, on top of that with FST happens the same, the chain is broken and your pool's user area clearly notifies there are transactions of FST pending waiting for blocks to be confirmed. But strangely enough with ERR there are no notifications as with FST. Also I receive small transactions of coins I haven't mined at all maybe because of the error in your server you mention.
I'm sorry if my review upsets you but I tried to be as impartial as possible listing the pros and cons, one of the pros being how you answer promptly (about a day) to questions in your chat, not many pools have this useful feature.
Imo maybe you should admit that if you credit altcoins later than other pools, credit altcoins clients have not mined (although from an error in your server) and your website notifies a broken chain in some cases but not others, and being confusing on the chat when users want to know why the altcoin isn't being credited to their accounts, those are flaws in your pool and if I want to give a thorough review I have to mention them.
If you step up and are working hard to improve your pool that will speak in your favor and users will realize that the owner is putting good effort in his pool. If you only get upset at constructive criticism and do not take action to improve it will only make more people choose other pools.
Hi, I would like to know if you're planning to add more altcoins because your indicators, although there are not as numerous as what MT4 offer for FOREX markets, are essential to trade in the altcoin market. In theory it should be easy to get the rates of every altcoin each exchange has and import them to your platform. May I know why there's only a small selection of cryptocoin charts in your website? Is the process of implementation of charts very difficult to do?
Hi I'm searching for a website which has indicators like bitcoinwisdom; MACD, EMA, BBands, etc. And has a greater selection of cryptocoins than what bitcoinwisdom currently has. Does anyone here use a website like this or a quotes software like Metatrader to draw indicators?
Imo they will coexist, as soon as the government finds a way to let the IRS control and monitor the bitcoin transactions
I guess the Federal Reserve and government aren't happy to admit in their economy something they haven't created and can't control so they will work to change that (*cough ethereum *cough). But if bitcoin becomes widely accepted by the citizens they will have to comply to take part in that and collect some taxes better than none at all. The problem with the government is that they are showing through their actions that they seem to assume everyone is a criminal that wants to evade taxes if they use bitcoin so that will lead to the potential ban or restrictions on bitcoin transactions as happened in china. So I have no idea how long it will take until bitcoin is accepted or any other succesor of the coin, one thing if for sure, people want to use cryptocurrencies and any government can't ignore that for long.
P. S. The government of Ukraine is studying to accept bitcoin officially in their banking system. Strangely enough I read that yesterday in coindesk or cointelegraph but haven't found the link today.
I guess the Federal Reserve and government aren't happy to admit in their economy something they haven't created and can't control so they will work to change that (*cough ethereum *cough). But if bitcoin becomes widely accepted by the citizens they will have to comply to take part in that and collect some taxes better than none at all. The problem with the government is that they are showing through their actions that they seem to assume everyone is a criminal that wants to evade taxes if they use bitcoin so that will lead to the potential ban or restrictions on bitcoin transactions as happened in china. So I have no idea how long it will take until bitcoin is accepted or any other succesor of the coin, one thing if for sure, people want to use cryptocurrencies and any government can't ignore that for long.
P. S. The government of Ukraine is studying to accept bitcoin officially in their banking system. Strangely enough I read that yesterday in coindesk or cointelegraph but haven't found the link today.
Gold (or any other metal) may not be a perfect monetary system, but given the nature of the elites that humanity must deal with, it may be humanity's best hope. With the possible exception of Bitcoin, of course.
Hi I want to share my personal opinion about this. The problem here imo lies in the majority of the population don't know really well how money works in our economy.
What makes a currency a source of prosperity?
- Must ease the transaction of assets: for that it must be easily accesible, used worldwide by any person and be easily exchanged (gold does not fit in this rule since it has a limited quantity)
- Its market capitalization, ie total volume of currency, and its rate of issuing by each country or entity must be tied to some form of quantifiable asset owned by the agent wanting to issue the currency: here lies the elephant in the room, what most experts think is the root of the cyclical economic crises the world has; the Fractional Reserve Banking system that allow the banks to only have a 10% of the total of deposits backed by cash-on-hand available for withdrawal. This extends to loaned money so the 10% rule can be reapplied to issue 10 times more money than the bank has over and over again. A recent example of the implications of this system is the intervention of the Bank of China to save its economy by lowering interest rates on its loans. Companies on the verge of bankrupcy can ask for loans at low interest rates to rebuy their stock and inflate its price artificially without any real growth of the company. The stock market will reflect an economic growth but this will be all fake. This, in my opinion will lead to a bigger economic meltdown when those loans are overdue.
- Must be widely accepted and trusted: gold is falsifiable and difficult to track down, you need some form of verification of the metal and when you need to make big transactions it becomes a problem to check every ingot. The only solution that gold contribute is that one mentioned before of representing a quantifiable asset to back currency issuing, for example if the reserve banking system would be abolished. A better quantifiable asset would be an accurate measure of a country industrial power, enterprises, natural resources, but I admit gold (as diamonds, gems or any other scarce resource), in this case would be more comfortable to measure than a country real assets and resources. But imagine we use diamonds, South Africa with its diamond mines would be allowed to issue much more currency than the rest of the world when its growth is not much bigger if not much smaller than other countries. For that reason it is better to establish an inventory of the total of resources, enterprises and industries available to each country or corporation as a mean to establish its assets. Any other way is opening the door for speculation and repeat past mistakes. What leads me to my next point.
- Must not be object of speculation: as I mentioned before when you tie the market cap to an accurate measure of a country assets you can't create artificial scarcities or flood the market with stocks to drive the price down (in this case the trackeability helps to fight this as well). You know something is wrong in the market when you can buy contracts for several tons of aluminum when you aren't going to use that metal for anything productive, just to speculate on the price. Is famous the story of Wall Street brokerage firm that bought several thousands heads of cattle to speculate on their price but forgot to sell them and they ended paying more than what they invested to rent a place to store the cattle and feed them. To avoid speculation a currency with a trackeable source is specially useful since it allows to know if the buyer is an enterprise in need of the resource or a speculative party. Gold is difficult to track and our paper money can be tracked but needs intervention by the government. Some cryptocurrencies allow a easier tracking by normal citizens and even its automatization and implementation of more security measures as they are open source and constantly evolving, adapting to the new needs of the population.
As you see cryptocurrencies comply with most of these requirements and if not they can evolve and address those needs. Gold only use is to give some form of material backing to the currency issuing but is a lacking way to quantify value as mentioned in the post. The only flaw of cryptocurrencies is they need some sort of computational power, a physical support open to attack or malfunction but that happens with any form of currency we choose as anything can be stolen. When cryptocurrencies improve the redundancy of their storage wallets and the majority of the population learn to use it the malfunction flaw will be addressed.
Re: [ANN][MULTIPOOL] BNL Mining Pool - Scrypt ASIC friendly PoW and PoW/PoS hybrids
I want to share my opinion about this pool after having mined here for a couple of weeks. The issues I made to Bejjan haven't been solved, the only explanation I was given in Bejjan's pool chat was that in their server wasn't any account of the ERR I mined for two days so there wasn't going to be any transaction to my account.
I wouldn't recommend this pool to any friend since there's danger of your hash power not being registered by the pool although the miner reports new hashes being submitted. Right now I'm in Hash to Coins and there is no color, the transactions are much faster (several days faster) and more accurate (they credit you the coin you've mined, no strange transactions of coins you haven't mined at all) there than in Bejjan's pool. This is a several flaw in Bejjan's system since accurate and fast transactions are what convince users.
Besides that issue I find uncomfortable to manually change the port of connection in your config file when you want to change altcoins and a good thing about the pool is its chat room where you can post your questions and Bejjan answers them in a day or so.
I wouldn't recommend this pool to any friend since there's danger of your hash power not being registered by the pool although the miner reports new hashes being submitted. Right now I'm in Hash to Coins and there is no color, the transactions are much faster (several days faster) and more accurate (they credit you the coin you've mined, no strange transactions of coins you haven't mined at all) there than in Bejjan's pool. This is a several flaw in Bejjan's system since accurate and fast transactions are what convince users.
Besides that issue I find uncomfortable to manually change the port of connection in your config file when you want to change altcoins and a good thing about the pool is its chat room where you can post your questions and Bejjan answers them in a day or so.