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Online tyc

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  • Re: How's Bitcoin's fate?
    « Reply #120 on: August 26, 2019, 11:05:21 AM »
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    If everything in life is measurable, then understanding destiny would be as simple as counting 1, 2, and 3.

    Offline ArtofFugue

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  • By people sharing knowledge/info publicly, the info itself does not devalue to become "common internet data which lacks credibility and needs verifying". If everyone thinks in this way, nobody would want to share anymore in order to protect the value and integrity of their knowledge.

    Offline BillionaireboyLam

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  • Re: How's Bitcoin's fate?
    « Reply #122 on: October 10, 2019, 02:21:12 AM »
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    Live life luxuriously but, keep the mind spiritual.
    There is no contradiction between spirituality and wealth.

    Offline gentlejoker

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  • Re: How's Bitcoin's fate?
    « Reply #123 on: October 10, 2019, 02:56:43 AM »
    Sold all my Bitcoin today because I needed money and didn't have the balls to hang in there. Made $25 out of this transaction. I have learned quite a lot  :P.

    Online tyc

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  • Re: How's Bitcoin's fate?
    « Reply #124 on: October 10, 2019, 06:25:05 AM »
    Please share with us u deep wisdom & experience s from owning this great imaginary wealth.🤪
    « Last Edit: October 10, 2019, 06:34:03 AM by tyc »
    If everything in life is measurable, then understanding destiny would be as simple as counting 1, 2, and 3.

    Offline BillionaireboyLam

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  • Re: How's Bitcoin's fate?
    « Reply #125 on: October 10, 2019, 06:39:46 AM »
    Please share with us u deep wisdom & experience s from owning this great imaginary wealth.🤪

    Well cash is just paper but; no one call's that imaginary.
    Live life luxuriously but, keep the mind spiritual.
    There is no contradiction between spirituality and wealth.

    Online tyc

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  • Re: How's Bitcoin's fate?
    « Reply #126 on: October 10, 2019, 07:15:48 AM »
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    « Last Edit: October 10, 2019, 07:17:50 AM by tyc »
    If everything in life is measurable, then understanding destiny would be as simple as counting 1, 2, and 3.

    Offline gentlejoker

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  • Re: How's Bitcoin's fate?
    « Reply #127 on: October 10, 2019, 09:18:42 AM »
    Please share with us u deep wisdom & experience s from owning this great imaginary wealth.🤪
    1. Make sure Bitcoin is legal in your country
    2. Profit made from it is taxable in my country
    3. Understand in detail the risks of Bitcoin investing and how to avoid them.

    https://www.forbes.com/sites/forbesfinancecouncil/2018/12/05/the-top-10-risks-of-bitcoin-investing-and-how-to-avoid-them/#3d6d64222407

    4. Always start with a small amount until you're comfortable with it
    5. Look for a reputable Bitcoin Exchange company. Register an account, transfer money into your account or use credit card to buy Bitcoin. There is a fee charged on the transaction.
    6. Sell your Bitcoin. Converted it to cash and deposit into your bank account

    The steps it takes to buy and sell a Bitcoin is similar to buy and sell stocks. It does pose a much bigger risk than regulated stock market.

    Offline Axis

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    Re: How's Bitcoin's fate?
    « Reply #128 on: October 10, 2019, 06:38:29 PM »
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    Offline gentlejoker

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  • Re: How's Bitcoin's fate?
    « Reply #129 on: October 10, 2019, 09:42:29 PM »
    It's good and productive to understand all the jargon in the Bitcoin's world. It confuses the heck out of me too for a long time. There is however one free thing in the Bitcoin world you can do is to create an account with a reputable Bitcoin exchange. Then you're ready to jump into action when opportunity arises or sit idle till you cancel the account.   

    Online anton8888

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    Re: How's Bitcoin's fate?
    « Reply #130 on: October 11, 2019, 11:10:57 AM »
    By the way, you already mentioned about "imaginary cash".
    Can someone apply this "imaginary cash" into CM?
    Such as (probably): Wealth KW becomes imaginary wealth.

    I know it is way out far from real CM, because real CM at that time mention cash as wealth, and they never say imaginary cash before.
    But right now, imaginary cash is everywhere.

    Offline ArtofFugue

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  • Re: How's Bitcoin's fate?
    « Reply #131 on: October 11, 2019, 12:56:28 PM »
    As the chinese saying goes, "富贵如云烟" (translation: All material wealth and luxury are all illusions). 8)
    By people sharing knowledge/info publicly, the info itself does not devalue to become "common internet data which lacks credibility and needs verifying". If everyone thinks in this way, nobody would want to share anymore in order to protect the value and integrity of their knowledge.

    Online tyc

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  • Re: How's Bitcoin's fate?
    « Reply #132 on: October 11, 2019, 09:17:01 PM »
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    If everything in life is measurable, then understanding destiny would be as simple as counting 1, 2, and 3.

    Offline Axis

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    Re: How's Bitcoin's fate?
    « Reply #133 on: October 11, 2019, 10:20:38 PM »
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    Offline ArtofFugue

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  • Re: How's Bitcoin's fate?
    « Reply #134 on: November 05, 2019, 09:25:38 PM »
    A single anonymous market manipulator caused bitcoin to top $20,000 two years ago, study shows
    Published Mon, Nov 4 201912:02 PM, by Michael Sheetz.

    A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified.

    Finance professors John Griffin and Amin Shams – instructors at University of Texas and the Ohio State University, respectively – analyzed over 200 gigabytes of data for the transaction history between bitcoin and tether, another digital currency. Tether is an asset known as a “stablecoin,” which has its trading value connected to the dollar.

    The professors’ study found that tethers being traded for bitcoins revealed a pattern.

    “We find that the identified patterns are not present on other flows, and almost the entire price impact can be attributed to this one large player,” Griffin and Shams wrote. “We map this data across both blockchains and find that the one player or entity (labeled as 1LSg throughout the paper) is behind the majority of the patterns we document.”

    Griffin and Shams were able to follow the clusters of data to a source: “One large account at Bitfinex.” The digital currency exchange Bitfinex is one of the largest in the world. The study found that, through Bitfinex, the single player was able to manipulate demand for bitcoin via “extreme” flows of tethers. The Wall Street Journal first reported on the updated study’s results on Monday.

    The manipulation occurred as bitcoin rose to an all-time high of nearly $20,000 in late 2017, the study found. Bitcoin traded at about $9,300 on Monday.

    “One of the SEC’s top worries is that crypto is subject to manipulation. This study appears to lend credibility to that argument,” Cowen analyst Jaret Seiberg said in a note on Monday.

    The study comes after an analysis published in March found that 95% bitcoin spot trading is faked. The survey, created by cryptocurrency asset manager Bitwise for the SEC, found that only $273 million of about $6 billion in average daily bitcoin volume was legitimate.

    Cowen said Griffin and Shams’ study will likely add even more scrutiny of bitcoin and cryptocurrency at large, especially from regulators and lawmakers.

    “We see this as further souring Washington on crypto and believe it is negative for efforts to launch crypto ETFs and for Facebook to launch Libra,” Seiberg added.

    Libra is Facebook’s cryptocurrency project, which has seen several major backers drop out in the past month.

    While the latest study doesn’t identify the manipulator, the professors suggest those running Bitfinex either knew of the operation or were even possibly assisting the scheme. Bitfinex’s general counsel Stuart Hoegner told the WSJ that the study “lacks academic rigor,” saying that “it is the global rise of digital currency that has driven the market’s demand for tether.”

    Both Bitfinex and Tether Ltd., the company that controls tether, are owned and operated by the same people. The WSJ noted that both companies are under investigations for alleged fraud by the Department of Justice and the New York Attorney General.

    – CNBC’s Tom Franck contributed to this report.

    By people sharing knowledge/info publicly, the info itself does not devalue to become "common internet data which lacks credibility and needs verifying". If everyone thinks in this way, nobody would want to share anymore in order to protect the value and integrity of their knowledge.

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    Re: How's Bitcoin's fate?
    « Reply #134 on: November 05, 2019, 09:25:38 PM »
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