Search content
Sort by

Showing 20 of 78 results by jestbenen8
Post
Topic
Board Economics
Re: The production of money... is SCAM!
by
jestbenen8
on 27/06/2019, 11:52:52 UTC
Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"

So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses  Angry
Money is not the problem you're having, it's the government. They are the ones who tries to ruin everything. Any country with a bad government is doomed, unless they find a way to remove the bad people from seat, if not they will keep on facing the same problems. That's the kind of problem that developing countries are having, most of their leaders are full time criminals who keeps stealing from their countries and sending them overseas and ruining the countries economy, creating high rate of poverty. So yes, the leaders are the problems we are having. If the people will grow to stand against every bad leader, then things will get better. But if you keep on pretending that fiat is the problem you have, then you should know that cryptocurrency is money as well and should be considered worst than the fiat.
Post
Topic
Board Altcoin Discussion
Re: Your thoughts on Facebook's GlobalCoin
by
jestbenen8
on 21/06/2019, 10:15:20 UTC
I don't really know much about that coin but I have seen news that they have launched a website for the coin and also released the whitepaper. Btw… The name of the coin is not globalcoin, it is named as Libra coin and it seems like the coin is. Going to be a stable coin. I don't even know the purpose for it yet. But I think it will be linked to Facebook social media and people who make use of the platform will be able to access their wallet and be able to send and receive the Libra coin which is pegged 1:1 with usd. For now I'm just looking out for more news on the coin and I'm not even sure whether I will be having interest in it.
Post
Topic
Board Trading Discussion
Re: Crypto Trading or Online betting? 2k Usd budget.
by
jestbenen8
on 01/12/2018, 07:41:57 UTC
For me crypto trading is really sure it is compared to an online betting, because for me the forecast is uncertainty, how about you beaten us. because you bet it is uncertain as just a gamble with a loser and a winner. But crypto trading is a lot of things to earn money and the important thing is to earn a fortune, and learn how to earn a profit.
Yes that’s true, crypto trading is better than gambling with your money. The only thing you have to do is study everything you need to know about trading and how to use the chart and know where the price is going next and you’re ready. As for gambling, well, I do know that there are people who make money but from it, but it’s kind of a lot risky and you can lose your money anytime if you lose. Trading has what we call stop loss to a certain percentage and you can use it to prevent much loss. In gambling you have no protection such as that.
Post
Topic
Board Speculation
Re: I can see greens!
by
jestbenen8
on 22/10/2018, 11:59:30 UTC
This post is much better than spreading FUD. We need more positivity in this forum rather than spreading hate and FUD. You don't need to be salty.  Grin

I agree that we need more positivity in this forum, but where do you see green? This topic makes me smile a little bit , if that was the goal I congratulate you.
yes, I think op is trying to remind us what was happening last year that whenever you see this time of positive posts we always see a bull run but this year it has become a different thing.
I think we should make more positive posts as what brings the market down now was as a result of negative news and posts that has entered into the market in January and February.  However,  we should expect more bullish trend very soon as the positive news has started to come in again.
I think you have seen green outside your house because the crypto market is still red. The season is of autumn and there is some more time to spring. Then we will see green. If you work hard for greenery in the market, it will definitely turn into green. You should motivate people to invest their money in cryptocurrency and hold them for long. Due to huge investment cap, the price will also go up.
Post
Topic
Board Gambling discussion
Re: You cannot win in gambling
by
jestbenen8
on 22/10/2018, 10:47:30 UTC
You cannot win in gambling when you have a wrong move and a wrong decisions in life.. Through turning on playing gambling. It's just only a trial's in life to hold on from the reality happens.
The mindset towards gambling is actually the major thing that affects a whole lot of gamblers in which they are so particular about winning and then forgetting the reality that this is just a game of luck and the chances of losing is higher than the chances of winning anything at all. Reality always kick in eventually and that is when a lot of people get to know they have actually messed up big time but getting out of it is something that now becomes difficult as they are so much engrossed in it.

Not only that, let's include also emotions because this is always connected to our minds. The  trembling to win is what the gamblers always wanted even though they already been lose continuous which it would only fall to nothing. Well, not all the times we lose in gambling because some of us are born together with their luck.
I also understand that gambling is not for making money and it is very difficult to win big money on regular basis. You will no doubt win a bet several times but mostly you will lose. This is the nature of gambling. Because it is not legal it will never let you become rich in short time. It is much better to spend that money on your family which you are going to lose in gambling.
Post
Topic
Board Speculation (Altcoins)
Re: What are the most promising cryptocurrencies?
by
jestbenen8
on 20/10/2018, 11:46:32 UTC
Hello everyone, please write 5-10 cryptocurrencies in which you would invest

Can we vote for our own coin here?

If so:

   AfterEther

We have invested in our project almost a year, and now expecting to put it into the list of the most profitable coins of 2019


My opinion is different than you. I like to invest in bitcoin because it is the pioneer crypto in the market and the market cap is higher than any other coin and it is difficult for other coins to reach to the present level of bitcoin. In Altcoin I like to invest in ethereum, Ripple, Monero and EOS. In my opinion these are the best Altcoin for investment and making profits.
Post
Topic
Board Economics
Re: Do we need blockchain technology?
by
jestbenen8
on 19/10/2018, 12:02:15 UTC
The truth be told, not everything has to be on the blockchain, and if we take this into consideration and remove greed, we will certainly have few projects being launched through ICOs. And people could use the blockchain without tokenizing any asset on it, blockchain has some useful real life application such as monitoring a supply chain, securing data or records and of such applications

I agree here. There are many compelling applications of bockchain technology especially in record/data  keeping as it is immutable. It can be use for election too and in any industry. Blockchain can speed up  transaction,and help a lot in remittances and financial system.
Of course we need this technology for our comfortable future. Due to this technology everything will be digital like your camera and mobile. We will feel more easiness in life. But to understand this technology we need long time because it is very complicated and even the governments do researches to know blockchain technology. This will be a new era and I am waiting for this technology anxiously.
Post
Topic
Board Economics
Re: Apart from trading where else to use crypto?
by
jestbenen8
on 18/10/2018, 12:36:09 UTC
I think we just need to give these crypto currencies time and patience. Right now, i see alt coins that build their blockchains around internet servoces like gambling and content. But i think given time, projects will rise that we can eventually use crypto currencies to buy food and services we actually need to survive everyday.
Yeah you are right we should give time to cryptocurrency and there is no doubt that it will take over the market in the future. We will definitely use cryptos in our local market for our daily needs. Using our cryptos is the actual aim of bitcoin and not earning money. With the passage of time people will enter into crypto world and the use will also increase. I already use my coins for my daily shopping.
Post
Topic
Board Altcoin Discussion
Re: What are the good Altcoins to HOLD Long term?
by
jestbenen8
on 18/10/2018, 06:39:06 UTC
Many peoples say hold long term.But I can't think good coins for long term,Because this market is now very problemeble.What are the good Altcoins to HOLD Long term? Any suggestions? Thank You.

My coin in my bag right now and i am planning to hold for long is ICX and Elastos. ICX is korean ethereum and we already know south korea is one largest country in cryptocurrency transaction.
In my opinion the very best option for investment in Altcoin is only Ripple because it has some unique features and that’s why more and more people are investing in Ripple. The price is less than $1 and it is hoped that it will grow with the passage of time. We should be patient and cool while holding this coins for long time and don’t be panic.
Post
Topic
Board Economics
Re: Bitcoin eventually disappear...
by
jestbenen8
on 17/10/2018, 11:18:16 UTC
Bitcoin is not going to disappear. Despite the numerous attacks coming from the media, banks and governments, Bitcoin has proven to its investors beyond all doubts by stabilizing its price range between $6500 to $6700. Bitcoin is gradually and strategically growing its support from the investors and with time, BTC will become the most valuable coin on the market.
Bitcoin will take over the market in the future and all other currencies will disappear from the market. Bitcoin will the future currency and I don’t lose patience, courage and trust in bitcoin. I believe it the most and believe also that it will be regular currency for the entire world in the coming future. You should wait for more time to see the facts about bitcoin.
Post
Topic
Board Gambling discussion
Re: Why not play games online instead of gambling?
by
jestbenen8
on 17/10/2018, 09:32:31 UTC
Many but not all gamblers are claiming they gamble for fun and pass time. I was just thinking. If it is the reason why people gamble then why not play online games? There is a lot of good and challenging onlne games wherein you can interact with other people online?

I know some of my friends playing both online games and gambling game together, and yes, they are fun and enjoy the game. But they say that they cannot get something different from the online game than the gambling game. They want to know about the lucky so they play the gambling game and they can accept if somehow, they cannot win in the game, and they only get the loss.
It's different obviously. I mean, most of people playing online game because of fun and hobby, some of the games also not pay to win, so they can play it just for fun. On the other hand, gambling game is about money.
I am not addict of gambling but I know that gamblers cannot leave gambling easily as I am a smoker and I smoke for the last 19 years but now it is difficult for me to quit smoking. Gambling addiction is also like drugs addiction and cannot be leaved easily. Social mobilizers, friends and especially family member can help him in quitting gambling addiction.
Post
Topic
Board Speculation
Re: Is $6000 to $7000 the stable price for bitcoin?
by
jestbenen8
on 15/10/2018, 10:22:16 UTC
There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?

Maybe but still there is the possibility that it would go down. Currently price has been bouncing up and down which is a good opportunity for the traders while making the holders impatient because they are expecting for a turn of market and if it would be possible to happen as soon as possible then it would be good. Nevertheless, I would suggest for the holders to start studying trading if they want to take advantage of the market situation.
Yeah I think that $6000 is the dip price for bitcoin because investors and especially miners cannot afford fewer price than that. They will stop mining if the price drops more than $6000. They already complained for low profit, now if the price drops more they will completely stop mining and the result no supply in the market. And when there is no demand for bitcoin, it will die.
Post
Topic
Board Speculation
Re: Buy Bitcoin Now For end off year 2018
by
jestbenen8
on 14/10/2018, 07:32:37 UTC
He became bearish later on after estimating that we are near for this year's end. $9000 is a reachable amount for this year and he considers that too much price and speculation for this year won't ruin his reputation if he's going to change that. Buy bitcoin now while you still have a chance to have it under $7,000.

We may not see it below $7,000 again or I might be wrong but that's not going to stay there forever. I'm not an expert but for the past years you'll notice that every year there's an increasing pattern for bitcoin.
Yeah $9000 is not too big price for bitcoin and it can be surpass anytime in the future. We need to stay in bitcoin and never quit because if the investment cap decreases the price will never go up and we may lose our investment. it is better to stay in bitcoin and try to convince more people to invest in bitcoin so that the market value go high and so is the price.
Post
Topic
Board Altcoin Discussion
Re: How do we eradicate scam in cryptocurrency industry ?
by
jestbenen8
on 13/10/2018, 13:46:54 UTC
All of it starts with our own and that also requires awareness from us.
If we find it then it is better to give advice to our friends or family do not follow the ICO SCAM.
You can't. Money always had scammers and no matter what you use there will always be scammers. For example there was scammers during roman times as well, they tricked people to take their money and run away with it, 2000 YEARS AGO! There was a dude that sold the eiffel tower in paris as, there was american dude that sold empire state building.

These were all with fiat currency we use everyday. Now bitcoin has scammers and yes it is much easier to actually scam people with bitcoin because technology improved everything, it is easier to communicate with other people thanks to improved tech but that allows people to reach a global audience when they want to scam people and not stay just local.
Post
Topic
Board Speculation (Altcoins)
Re: Ethereum has begun to show positive trends
by
jestbenen8
on 13/10/2018, 11:15:15 UTC
ETHEREUM is a great coin. Top 5 and it has uses that exceed Bitcoin. I think we are going to see a huge price increase with the next pump and percentage wise it will be a coin to watch. Ethereum is a must have
No doubt Ethereum is big crypto and holds the second position in the crypto list. The market cap of Ethereum is growing again and I am sure in the near future it will cover all deficits and will give profits to its investors. Trust of the people is building again and when it straights to the track, more and more people will put their money in it. it is necessary to hold its position is the market.
Post
Topic
Board Speculation (Altcoins)
Re: When do you think Eth will break $2,000?
by
jestbenen8
on 11/10/2018, 13:58:44 UTC
I want ETH to go up just to be able to sell it, I don't see it overcoming the competition

$1900 ETH by end of 2019 is conservative in my opinion.

Selling for profit right? This is what all of us wants. Selling also depends on your initial price and the current price could be made as the initial price by investing now.

But the real mater of discussion is whether ETH will recover to such a huge value any time sooner? Hopefully when Bitcoin recovers, it might have an impact on the ETH as well and in such cases, the inflow of funds in to ETH rises which also helps rise the price. I am expecting the rise in the start of the next year.
Post
Topic
Board Speculation
Re: Current BTC price below 8K
by
jestbenen8
on 11/10/2018, 11:55:24 UTC
Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.
You are right; the price will now increase day by day. I know there are some corrections in the price but overall the price will go up. Today the price is about $6600 and may it down tomorrow to $6500 because yesterday it was about $6300. If the price reach to $8000 it will be quite good and people will revert to bitcoin and will put their money again in bitcoin.
Post
Topic
Board Marketplace
Re: Trading, campaigns, gambling or mining?
by
jestbenen8
on 10/10/2018, 11:53:56 UTC
Which one would you prefer or best to earn? As far as i have come across, crypto is the best platform to have good earnings. We have many who have a good experience on it and still into it without a regular job. Many have left their main job after experiencing double income from crypto. Many have become millionaire and have changed their lifestyles. Which one would be the best to have good crypto earnings?
I can do any of the things on the list except one of them which is something I have sworn never to do again, and that’s gambling. I have gambled once, but after that I decided I will never do that. I’m not going to say why, it’s just a personal reason and I’m not trying to discourage those that are doing it, but I do think it is very bad. As for now I only do trading and I have been benefiting much from. It.
In these I like trading because it is a fear and more profitable platform for making huge money. Gambling is just a waste of time and money and a gambler can never win money. Campaigns are not good for newbies because now it is difficult to make money for free in these campaigns and the final one, mining, is very expensive and need experience, equipments and skills.
Post
Topic
Board Economics
Re: Does Bitcoin had a back up by real money?
by
jestbenen8
on 10/10/2018, 10:22:15 UTC
maybe, or maybe there is a bank that supports and is ready to print money on every bitcoin exchange to fiat? I also haven't found a theory about it.
Yeah bitcoin has real money on its back because when I buy bitcoin I will have to pay for it. Exchange will convert my local currency into dollar and then into bitcoin. That’s why I can say that all the bitcoin in the world has a value in real money and you can cash your coins any time for real money. Ups and downs do not affect the capitalization of real money.
Post
Topic
Board Gambling discussion
Re: Sportsbetting
by
jestbenen8
on 09/10/2018, 10:26:58 UTC
But there is no house edge in sports betting and although it's hard to win in the long run but there is a possibility to win.
There is no typical house edge in sports betting but the bookies do have Moneylines and so on such that they do have an advantage over the gambler. Again in the long run in EV+ games its either profitable or not does not depend on how long you are playing but again the luck factor comes in. Your technical anaylsis does work but if luck is not on your side then its as bad a EV- game.

Quote
What do you called the people who are making a living in sports, they constantly win because they are smart and they consider sports betting as a long term business.
You are wrong. They dont win constantly. If you are following tipstars they will only show you their winning bets because they want you to join as their ref so they can make some commissions. That how it works. Cheesy
Pretty simple, there are people who win at sports betting, but these people don't share their tips publicly, why would you share a winning strategy?  Did Coca Colar share their recipe?

In financial trading, you see plenty of videos on how to make money, but you never see anyone sharing all the trades he places, why he places, how he decides his trades, etc. That's common sense. Twitter is full of attention seekers who go through short term success. One of the rare guys I trust is Steve from Daily25 but he does not share his tips, he shares his journey and his vision of sports betting (he is a real professional, I recommend to follow his blog).

You got a good point there.
For new to sportsbetting, gambling, or trading, better master the most basic strategies and then customize it as to where you are comfortable with and where you are profitable.

To add to this , sports betting is quite simple if not the simplest of all gambling so you can learn  and practice new strategies almost everyday with loads of games around the world and keeping to the basics and i agree you can be successful as a beginner with time.
Most of the regular sports betters are bookies that make consistent winning. Ordinary better cannot make money every time. It is also gambling and it is not possible that you will win the bet all the time. Your opponent is also there for winning and if win all the time it means that he is losing all the time. Therefore I don’t think that anyone can win the every bet in sports betting.