January 10, 2018 at 10:09 pm #444
Currencies, both fiat and crypto, don’t actually contain any value they simply represent value. They are called Trade Instruments, meaning, instruments that facilitate trade. Stocks are an example of trade instruments that aren’t money, they have no actual value but they represent a share of a company and the company itself does the work that turns the profits that gives a share its theoretical value. All trade Instruments work along the same lines: Fiat is traded by banks and Foreign Exchange companies, Stock is traded on Stock Exchanges such as the New York Stock Exchange and Cryptocurrencies are traded on various Cryptocurrency Exchanges. All of their values are representations of real things, for example Stocks Represent created and distributed goods and services by a particular company, while fiat currency represents created and distributed goods and services of a nation. Both change based on industrial/technological/scientific/developmental/etc. advancements within those companies or nations, as well as various factors such as trade volume and inflation. It is best to trade your trade instruments at the highest value possible and use them to buy real items, such as: Precious metals, Livestock, Software, Machines, Produce/Seeds, Land, Realestate, etc and then use those to get more trade instruments.
Trade volume is how many people are buying and selling a particular currency or stock. The more people who are buying it, the higher the value will rise.
An example of Inflation is when the United States starts printing too much money. When this happens a dollar starts being worth less, which in turn means it will take more money to buy the same materials. For instance, if you go to the store and one day Milk is $3/Gallon but then you go a few months later and notice it is $5/Gallon, this is because of inflation. Inflation also drives things like the minimum wage and social security checks, which are usually based on the cost of living. Cryptocurrencies with no cap will eventually inflate into eternity and lose value, unless they have a high trade volume.
Supply and Demand is the comparison of how many people want something against how many their are of that thing. For example, when Apple creates a new IPhone the value is higher than it really should be and as the technology slightly or drastically ages, the value goes down.
A Whale is a person who has a large quantity of a certain trade instrument and uses that to effect the markets. For example, if someone has 51% of a particular stock they could either sell them all quickly which would bring the value of that stock down, or they could hold on to all of them which makes them more rare and makes them more valuable.
Bubbles are when something is artificially high in value, 2 examples of this are: IPhones as mentioned before, and Gasoline. Gasoline raises in value based simply on the speculation that “one day we might run out”, this creates bubbles which raises prices. But Gasoline will probably be replaced by ethanol before it ever even gets close to being used up.
Look at different exchanges- Sometimes you can get more on one site than you can on another site, for the same coins. And sometimes you can even buy coins on one site and sell them on another site for more. This works better when you are trading Crypto to Crypto rather than Crypto to fiat.
Use coins to create goods and services- Don’t just use coins to buy random things, buy software and other goods that you can use to produce things or spend them on things like textbooks. Create a product if you can.
Promote your favorite coins- If you have a favorite coin and buy some, don’t forget to share it on social media.
Create a currency- Satoshi gave out the Bitcoin source code so that people could make their own currencies.
Create an exchange- Transaction fees can earn the owners a lot of coins and you can help fledgling altcoins by offering them on your exchange.
Don’t buy above spot- If you are trading coins for precious metals, check the current global value of that metal and buy as close to that value as you can.
Invest in foreign countries- Don’t think America is the be all end all.
January 13, 2018 at 4:02 pm #640
- This topic was modified 3 months, 1 week ago by shaivi5_wp.
Devcoin has no Cap, meaning Coins are made forever and ever, and never stop being made, and less are not made. 180,000,000,000 that’s 180 Billion Devcoins, are made every month. So it is extremely inflationary. The only way to make a Currency like that work is to have everyone put their coins on the Market. If you hold a Coin that inflates like that, you are basically just stupid and greedy in a way that is backwards and doesn’t benefit you.
Holding Devcoin is like holding Milk, not Gold. Unless there is room to grow (e.g. having me involved). The only way your Devcoins go up in value is by constantly expanding the Market, until everyone in the World is using it, then at that point it just inflates into nothing like it would have in a Small Group, it just takes longer Globally.And if you can Colonize the Moon and Mars, you can maybe keep markets alive forever.
That is the only way Devcoin can work. Otherwise, it is useless.
We have a Normal Coin. A Coin that will only ever have about 138,000,000 that’s 138 Million, ever, and it will take like 20 Years to get to that number. So our Coin will be much much more valuable than Devcoin.January 13, 2018 at 4:05 pm #641
Temple Coin will easily read $0.01 each, then also easily reach $0.50 each, and will slowly go up and down from there, unless we get World Wide attention quickly for our Town Project and the Currencies we will be making in Armenia.
Temple Coin has 6x as many Coins that will exist as Bitcoin does, meaning it could be 1/6 the value of Bitcoin, meaning Temple Coins may end up being $1,000 each or much more, but I am just saying that it will easily get to $0.50 each, and will probably go to $5, $10, etc.
January 20, 2018 at 12:41 am #928
- This reply was modified 3 months, 1 week ago by shaivi5_wp.
So, now I am going to start Economics 102
The first one was about Supply and Demand, Whales and Trade Volume, Spot for buying, etc. Now I am going to get into larger concepts. And this will be more than 1 post.
I am going to start with Politics. Politics can effect a nations Currency or Stock Market. For example, when Mosul was taken over by ISIS and all of the Gold in the Bank of Mosul was taken, and the Investment Opportunities went bleak, their Money became much less Valuable, even though after the fall of Sudam Hussein the British Government just printed the Country of Iraq new Notes. The opposite of that can be seen in 2 ways, and that situation can also be compared to the effect of a Cu-De-Ta on the Currency or Stocks. But the opposite would be Vietnam, who had a Civil War that America got way too involved in, and then at the end opened up their Markets and their Currency did well and Investment in Vietnam continues to be good. A Similar effect is Trump. The people with a lot of Money and Stocks and Companies on the Stock Market in America, all just got Tax Breaks, so they are willing to spend more, and take bigger risks, and they all trust Trump not to do them wrong because he came from the same Environment as them.
Then, an example of something similar but not exactly the same, is Brexit. When Brexit happened, everyone panicked. Stock Markets dropped in America, as well as Britain and Asia, and then the British Pound went down in value. That was not good for Britain, because anyone with savings, or anything, had money that was worth less than it was the day before on the Global Market. But that was good for everyone else, because you could buy British Pounds, and you would get more of them than usual for USD. So you could go on vacation in Britain and get things for Cheaper if you were starting with USD. Or, you could buy British Pounds and wait for them to go up in value.
So that is how Politics can effect the Economy. And it is the same for Cryptocurrencies. You can move back and forth within Markets, and there are situations that hurt and help coins from within and without.
Bulls and Bears
This is a lot more simple than people think before getting into it. Bulls strike upwards, with their Horns, so that represents someone who makes money buying Stock when they see that a Market is doing well and is likely to do better. That way they can make an investment, and it is likely to go up and they can sell soon after and make a profit.
Bears strike Downwards, with their Paws and Claws, that represents someone who makes money as the Market goes down. So when you are scared, because you spent $5 per Stock or per Coin, and now it is $4, and you want to get out before you lose any more money. The Bear will buy your Stock, or Coin, and will wait for it to go back up later. So he profits on the Fear of others, or on temporary situations like Brexit, etc. A Bear doesn’t look for a Stock that is doing good and will do better, a Bear looks for a Stock that has done good long term, and is not doing well at the moment, but is likely to bounce back.January 20, 2018 at 1:15 am #929
Another example of “being Bullish” would be buying stocks in Companies like Apple, or Google, and just waiting for them to go up at some later time. Or investing in a Company like that early on and holding until it goes up.
And another example of a Bear Tactic, other than investing on the way down. When something is on the way down you are invested in, you can sell at the top of the drop, then invest in something else for a short period; and that may even go up while the other stock goes down. Then reinvest in the Stock you were holding before, with the higher amount of money you have from the Stock that either retained its value or went up.
Then that brings us to the Bear Whales, Buy Wall and Sell Walls of the Cryptocurrency World. A Bear Whale is someone who has maybe 50,000 or 100,000 Bitcoins, maybe more, and they decide they are going to drop 50% to 90% of that on the market, to kill the “Buy Wall”. A Buy Wall is all the people who have said “I will pay X price” but that price was below the last price that it was sold for on the Market.
So say I am selling my Coins, and I want $1 each, but you put a Buy Order up for $0.90 cents each, I might sell my Coins to you. But if there are 5,000 people trying to buy it, they may have Buy Orders at $0.99 cents, and $0.98 cents, so your $0.90 one may take a long time to get filled, or may never get filled if the coin goes to $5 each, and $10 each. But if someone comes on the Market, and drops enough Coins on everyone to get to $0.90 cents, and even $0.80 cents, and $0.50 cents. That scares the shit out of everyone, and they sell their Coins, which makes it worse, because now they are selling into the Buy Wall, and dropping the price even lower.
And the Bear Whale buys all your Coins at the bottom, so instead of 50,000 or 100,000. Now he has 200,000 or 1,000,000 Coins.
Just as an example. If the Bear Whale starts sales at $1, and you have a buy order for $0.95 cents, and he sells to everyone that wants Coins for $1, and he sells down to you at $0.95 cents, then sells down to $0.80 cents. You might sell your Coins to him at $0.80 cents out of Fear, and he may have sold that exact Coin to you for $0.95.
And if you were buying $500 worth at $0.95 cents, you might sell all of those to him at $0.80.January 30, 2018 at 9:20 pm #961
The first post explains Trade Instruments and compares Crypto to Fiat to Stocks, but something else needs to be pointed out. You have probably heard of the phrase “Liquid”, cash is “Liquid”, Bitcoins are “Liquid”. Gold is not Liquid, you can not go online and buy things using your Gold Bars. You can not use Cows to buy things at the Store, you can not use Oil to buy things. These things are not liquid, they are not Trade Instruments, they are Commodities. You use your Liquid, Trade Instruments, to buy Commodities, Land, Machines, Services, Software, etc.
US Constitution 16th Amendment:
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
Eisner V Macomber:
“The fundamental relation of “capital” to “income” has been much discussed by economists, the former being likened to the tree or the land, the latter to the fruit or the crop; the former depicted as a reservoir supplied from springs, the latter as the outlet stream, to be measured by its flow during a period of time. For the present purpose, we require only a clear definition of the term “income,” as used in common speech, in order to determine its meaning in the amendment, and, having formed also a correct judgment as to the nature of a stock dividend, we shall find it easy to decide the matter at issue. After examining dictionaries in common use (Bouv. L.D.; Standard Dict.; Webster’s Internat. Dict.; Century Dict.), we find little to add to the succinct definition adopted in two cases arising under the Corporation Tax Act of 1909 (Stratton’s Independence v. Howbert, 231 U. S. 399, 231 U. S. 415; Doyle v. Mitchell Bros. Co., 247 U. S. 179, 247 U. S. 185), “Income may be defined as the gain derived from capital, from labor, or from both combined,” provided it be understood to include profit gained through a sale or conversion of capital assets, to which it was applied in the Doyle case, pp. 247 U. S. 183-185. Brief as it is, it indicates the characteristic and distinguishing attribute of income essential for a correct solution of the present controversy. The government, although basing its argument upon the definition as quoted, placed chief emphasis upon the word “gain,” which was extended to include a variety of meanings; while the significance of the next three words was either overlooked or misconceived. “Derived from capital;” “the gain derived from capital,” etc. Here, we have the essential matter: not a gain accruing to capital; not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value, proceeding from the property, severed from the capital, however invested or employed, and coming in, being “derived” — that is, received or drawn by the recipient (the taxpayer) for his separate use, benefit and disposal — that is income derived from property. Nothing else answers the description. The same fundamental conception is clearly set forth in the Sixteenth Amendment — “incomes, from whatever source derived”– the essential thought being expressed with a conciseness and lucidity entirely in harmony with the form and style of the Constitution. “January 30, 2018 at 9:21 pm #962
BTC can be traded for USD, most Altcoins can’t. So if the Altcoin you are holding can only be traded for Bitcoin, then it’s USD value is directly correlated to it’s Bitcoin value.
Because if I hold a Crypto that is .2 BTC, and .2 BTC goes from $5,000 to $2,000 then unless I can sell my Coin directly for USD, then I can’t do anything but buy Bitcoins with it, which makes it $2000 instead of $5000.
But, if you can find a Website where you can trade an Altcoin for USD and Bitcoin, then you may be able to actually make Money buying and selling them as the 2 even out. Because if Bitcoin falls, but I can still sell my Coin for $5000 USD, then I can do that, then buy BTC with the USD at $2000 ea, and then go buy my Coin with BTC, since that is still at .2 regardless of the price of Bitcoin.
Everyone remember this and tell everyone they can do it too.January 30, 2018 at 9:21 pm #963
Kodak is launching a Coin
Supposedly Telegram is launching an ICO, but there is no Website yet, and any website should be considered a scam for now, this one has a video and says to consider them rumors; not official
This is the future of Currency, when Google has a Coin, then your neighbor will start a Coin for his T-Shirt shop, and your Mayor will want a Coin for your Town, and McDonalds will be giving you mining instructions instead of Monopoly pieces, and then we move into the Future.
All of you people making random Coins, like PotCoin or NextCoin or Hyper or any of these Pointless Coins that have no purpose. One day maybe a person with a purpose will use your Blockchains and Fork it or Clone it, but you are nothing but a Programmer.
The Future of Coins is not surrounded by Programmers, it is simply supplied by them.
Santa Clara County v. Southern Pacific Railroad Company, 118 US 394 (1886)
Before argument, Mr. Chief Justice Waite said: “The court does not wish to hear argument on the question whether the provision in the Fourteenth Amendment to the Constitution, which forbids a State to deny to any person within its jurisdiction the equal protection of the laws, applies to these corporations. We are all of the opinion that it does.”
Citizens United v. Federal Election Comm’n 558 U.S. _ (2010)
Corporations and unions may establish a political action committee (PAC) for express advocacy or electioneering communications purposes. 2 U. S. C. §441b(b)(2). In McConnell v. Federal Election Comm’n, 540 U. S. 93, 203–209, this Court upheld limits on electioneering communications in a facial challenge, relying on the holding in Austin v. Michigan Chamber of Commerce, 494 U. S. 652, that political speech may be banned based on the speaker’s corporate identity.
Burwell v. Hobby Lobby Stores, Inc. 573 U.S. _ (2014)
“The Religious Freedom Restoration Act of 1993 (RFRA) prohibits the “Government [from] substantially burden[ing] a person’s exercise of religion even if the burden results from a rule of general applicability” unless the Government “demonstrates that application of the burden to the person—(1) is in furtherance of a compelling governmental interest; and (2) is the least restrictive means of furthering that compelling governmental interest.” 42 U. S. C. §§2000bb–1(a), (b). As amended by the Religious Land Use and Institutionalized Persons Act of 2000 (RLUIPA), RFRA covers “any exercise of religion, whether or not compelled by, or central to, a system of religious belief.” §2000cc–5(7)(A).”January 30, 2018 at 9:21 pm #964
Venezuela is creating a Cryptocurrency, and the Day they launch will be the True First Day of Cryptocurrency. Everything before Venezuela’s Cryptocurrency was only getting ready for the Day Venezuela made a Cryptocurrency.
I am not going to take Credit for this, but in the past 2 months I started getting really loud about telling people to make Town Coins, and Company Coins, and Country Coins. And right after I create Temple Coin, Kodak announces that they are going to launch (not have, going to launch) a Currency.
And now, Venezuala is making a Currency.
This is exactly what I needed to happen and have been telling people to do.January 30, 2018 at 9:22 pm #965
For anyone who is looking to Buy Bitcoin right now, read this before you Buy:
Bitcoin is currently hitting a Bottle Neck. That is not being talked about by very many people. The Bottle Neck is in Transactions. Recently, BitPay stopped processing Transactions under $100, simply because if it is smaller than that, then you are losing more money than it is worth.
If you try to send Bitcoins today, it costs you at least $5 just to send the Bitcoin, and if you want it to go quickly, it costs more than $5; and if you use less than $5, the Network may not even accept your Transaction, and you will get your funds returned rather than put into a Transaction on the Blockchain (the $5 minimum is likely to go up as more people start using Bitcoin). The reason for this is because the people Mining Bitcoin are operating a “Knight Company” type Monopoly, the kind where they aren’t doing it on purpose, but aren’t mad it is happening and aren’t stopping it. The Knight Company was a Sugar Company in the United States who in the early 1900s, had a Monopoly on the Sugar Market in America, and were producing and selling 99% of the Country’s Sugar. The Supreme Court declared that this was not a “Monopoly” in the true sense of the Word, because a Monopoly is when the King decides that only 1 Company is allowed to do something. So the “True” meaning of Monopoly is when a Law grants 1 Company, or a “Trust” of Companies the ability to do something, and bars anyone else in the Country from engaging the in the same Practices.
The Bitcoiners are like the Sugar Company. Bitcoin is currently something that everyone from kids to grandparents know the name of, and have some understanding of it. They have 99% of the Market, but it is because the kids and the grandparents; and the companies around the World, gave it to them; not because they plotted to take the Market in a secret Trust group/Cartel.
You want to use Bitcoin, you don’t want to use Ethereum, or Litecoin, or Dogecoin. So that creates the Monopoly, because they are Mining it, which processes your Transactions. So now, they decide which Transactions go through.
If you are buying Bitcoins because there is a retailer or something that accepts them, then use Bitcoins. But if you are buying Bitcoins as an investment, as something that you want to earn money on, and “Cash Out” rather than Spend; then buy a different Currency than Bitcoin.January 30, 2018 at 9:22 pm #966
My last job
Company Name NebuLogic
Dates Employed Oct 2015 – Dec 2017 Employment Duration 2 yrs 3 mos
Location 5700 Granite Pkwy, Plano, Tx
I worked on RFP contracts for State, Local and Federal SaaS cloud projects. Our company built the system for Humana, Kentucky HIX, Ft Wayne 311, etc. I have been in Town Halls to meet with City Officials about their Cloud systems, etc.
I can not go into detail about our specific jobs and technology use (other than to say NebuLogic is an Oracle Platinum Parter and is ISO certified), as I signed a Non-Disclosure Agreement.January 30, 2018 at 9:23 pm #967
Everyone read through some of this, this is how Government Software Works. Police Search Engines and Databases, Library Search Engines and Databases, DMV, Search Engines, FBI Search Engines and Databases, NSA Search Engines, 311 Systems, the Water Department Database
And it all works through Bids. Request for Proposals (RFPs) and Proposals.
Once we have Coins on Exchanges, we will be sending people to the Project Management Institute, to start doing Six Sigma and stuff.
That way everyone can start creating their own Companies within our Cryptocurrency Network.