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Everything posted by JamesYellen
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I would love something like this in the JSE Data page as well please.
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5 things you have on your desk right now
JamesYellen replied to Platinum Wealth's topic in General Chat
1. coffee 2. someone's lighter 3. books 4. TV remote 5. paperclips, so many paperclips -
We starting to attract the right people. Welcome to the forum Pierre!
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This forum offers real value. Brilliant job Admin. I will share it with friends and family.
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One note of caution, however I am sure you know that. Some sectors should not be considered for people starting out. Most notably, Resources. Do not touch those with your real money until you are comfortable with cyclical stocks and consciously understand that those are not buy and hold stocks. == Welcome to the forum as well
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Here you go: https://za.investing.com/indices/ftse-jse-all-share https://markets.ft.com/data/indices/tearsheet/summary?s=JALSH:JNB code is JALSH
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@BitcoinZar you guys are stunning! Thank you for the detailed post. Great addition to the forum. I am starting to like this place more and more. Now to get Luno and others here too so we can discuss and collaborate. I came to this forum as r/Bitcoin started to get a bit derailed and ego chambered to a degree.
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@BitcoinZAR would you mind writing/posting a proper tutorial on how to get started with hardware wallets? I think so many South African's are innocently storing there bitcoins in Luno, blockchain.info and other online exchanges and wallets, not knowing the risks involved. (I also get so many PMs asking for advice on hardware wallets and proper storing of bitcoins)
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roflmao
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Fck all the mines.
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Now if only #ZARX would join this forum. https://www.linkedin.com/pulse/bitcoin-split-two-currencies-jim-brent
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Bitcoin is Myspace before Facebook came along. Bitcoin is Altavista or Webcrawler before Google came along. Bitcoin is Netscape before Chrome came along. AOL before broadband internet. Tech is full of examples of dominate early players being pushed into obscurity due to a better, more accessible alternative. Out of all the crytocurrencies, Bitcoin has got a massive lead. I hope it succeeds, but the bickering about Segwit vs. BU is hurting the community.
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Accepting a new fork might be the only life saver at this point in time as bitcoin's biggest flaw is the transaction fees, it will become it's own biggest competitor. Until super quantum computers become a thing solving all the transactions enabling one government to own most of it and then it leaves your computers working on "the answer of what true love is" with only the values of "your" and "mom" to work off into. Then there is this: Source: http://www.trustnodes.com/2017/03/13/undercover-interview-adam-back-blockstreams-president
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Hey Groovy, don't mine it. You will not make money those days are long gone. Open up an Account with Luno.com (South African Company), eft money to the account and then buy/trade bitcoin. You can also look at bitfinex.com if you want a more professional trading platform for a wider range of crypto currencies. The average home miner will struggle to be profitable or recoup the cost of mining hardware and electricity. Profitability is highly unlikely given the current circumstances. The situation may improve in future once ASIC mining hardware innovation reaches the point of diminishing returns. That, coupled with cheap, hopefully sustainable power solutions may once again make Bitcoin mining profitable to small individual miners around the world. This would also greatly improve the decentralisation of the Bitcoin network, hardening it against legislative risk.
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[video=youtube]https://youtu.be/FGyKN3YvoFc We live in an age when technological innovation seems to be limitlessly soaring. But for all the satisfying speed with which our gadgets have improved, many of them share a frustrating weakness: the batteries. Though they have improved in last century, batteries remain finicky, bulky, expensive, toxic, and maddeningly short-lived. The quest is on for a “super battery,” and the stakes in this hunt are much higher than the phone in your pocket. With climate change looming, electric cars and renewable energy sources like wind and solar power could hold keys to a greener future...if we can engineer the perfect battery. Join host David Pogue as he explores the hidden world of energy storage, from the power—and danger—of the lithium-ion batteries we use today, to the bold innovations that could one day charge our world.
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[video=youtube] This film, titled “Not Business As Usual,” takes a provocative look at capitalism and the price of success. According to Jay Coen Gilbert, co-founder of B Lab, twentieth century capitalism has one rule in its operating system which is that the purpose of the corporation is to maximize shareholder value exclusively, even if that means that there are significant unintended consequences. It’s amazing how consumers have an unshakeable trust in the products they buy without bothering to check the ingredients or the manufacturer. History has taught us that on many occasions a product that was deemed “harmless for human consumption” turned out to be toxic or poisonous. Yet consumers continue to blindly buy whatever is placed out there and businesses make a whopping profit. This happens because the mentality that “people who are successful have stuff” has shaped the minds of generations since WWII. And so people get into the habit of accumulating a lot of unnecessary items because big companies have consistently encouraged them to do so. Most people are convinced that in order to look and feel successful they have to have a lot of possessions. For businesses and manufacturing companies it has become all about making a profit. Never mind the effect of this on society or the environment. The inevitable questions we need to analyze are: in today’s highly competitive market does it make sense to expect businesses to operate according to universal values? And is it realistic to expect a company to lose money just to accommodate business ethics? Not Business as Usual intentionally exposes the changing landscape of businesses around the world due to the rising tide of conscious capitalism. Local entrepreneurs who have found inventive ways to bring humanity back into business, share their stories to prove that there is a better way. Watch this documentary now.
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After falling $100 on Tuesday morning, bitcoin’s price continued its decline on Wednesday. The price, which peaked at $1,285 on Monday according to the exchange Bitstamp, dropped 1.5 percent the next morning. Within thirty minutes of this decrease, the digital currency had fallen to $1,160. The price then climbed to $1,229 before taking another downturn. Related: Don’t Miss the Fine Print on that Bitcoin ETF There are numerous dynamics at play in the bitcoin market. The People’s Bank of China (PBOC) recently stated that the digital currency needs to be strictly regulated. Exchanges there announced last month that they would cease withdrawals until March, only to extend the wait further. In the past year, according to Google Trends data, search interest for the term ‘buy bitcoin’ has steadily increased. In early February, it began a steep climb indicative of a future increase in buying interest. The forthcoming SEC announcement about whether or not a Bitcoin ETF would be allowed could have also played a role in recent price movements. Some have suggested that the declines resulted from insider trading and speculators betting that the Bitcoin ETF would not be approved. According to people “familiar with the matter”, and anonymous source Bitcoin.com has been in contact with, the ETF decision could come as early as Friday, and perhaps even earlier. Others say the decision might arrive on Monday. The hedge fund Global Advisors Bitcoin Investment Fund (GABI), in a letter to subscribers, noted this week that it believes there is only a 25% chance the ETF will be approved. Despite the recent lull in price and uncertainty over the Bitcoin ETF, many analysts remain optimistic about the future of the price of bitcoin. Increased regulation from Chinese authorities, demonetization in India, recently passed legislation in Japan, as well as the general decline of the value of fiat currency, are all seen as impetuses to bitcoin’s price rise. Analysts share a wide range of future price predictions. “I think you’ll see rapid growth in adoption” “In terms of price this year, I think [bitcoin] will go up to $3,000. As it becomes more pervasive and more generally accepted, I think you’ll see rapid growth in adoption”, Adam Davies, a consultant at Altus Consulting, told CNBC in an interview on Tuesday. “People are unsure about what is going on in the world, and digital currencies unlike the U.K. pound sterling have been hit badly because of Brexit, so people are looking to divest into bitcoin. There is a definitely upward trend. So the drivers will be hedging against currency fluctuations and insecurity in the markets”. Clif High, an analyst who some have called a modern-day Nostradamus, predicted that the recent price decrease is no more than a minute lull. “Bitcoin is gonna be $13,008 by February of next year”, predicts Mr. High. “Bitcoin is simply escalating. And bitcoin doesn’t explode [in price] until 2019”. In a study of the effects of Bitcoin halvings on the bitcoin price, Bitcoin.com found that it would not be unreasonable to anticipate a more-than-$10,000 price per bitcoin in the period of time following the 2016 ‘Bitcoin halving’, in which Bitcoin miner rewards were reduced by one-half. Bitcoin’s price increased 120 percent in 2016, making it the best performing currency the second year in a row. If last year is any indication, bitcoin’s price could reach $2,200 by the end of 2017. What do you attribute the recent bitcoin’s price action to? source: https://news.bitcoin.com/bitcoin-price-consolidates-on-etf-news/
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New Member 0 Member 10 Active Member 100 Padawan 1500 Apprentice 5000 Knight 10000 Jedi Master / Sith Lord 50000
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Joe's wife will inherit all the money in his bank account and the physical stuff in the house and storage that he owns. His children will each inherit one bitcoin. His investment money will be handed over to his wife to manage, but when the children turn 21 they are each entitled to 20% of the funds and his wife 40% ^Is that possible?
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Joe is an interesting person who does not play by the rules. He is the sole owner of his business, but he has an informal agreement with his brother-in-law to lease the premises, but instead of paying a fixed rate Joe instead pays his brother 5% of the Net profit for that month, that way Joe feels he is covered if there is a bad month and wont then miss a payment creating family issues with his Brother-in-law, his Brother-in-law is a wealthy man with plenty of land and agreed to the 5% out of principle because Joe refused his offer to use the premises free of charge.
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The knee-jerk approach of governments around the world towards Bitcoin and Blockchain leave room for a lot of questions. The actions of the regulatory agencies as it concerns this disruptive technology shows an element of panic and confusion. Just recently, the governor of the Central Bank of the UAE reversed an earlier statement by the government which contained “all virtual currencies and transactions thereof are prohibited.” There is no ban on Bitcoin In a statement to Gulf News clarifying the regulation, Mubarak Rashid Khamis Al Mansouri, Governor of the Central Bank, said: The UAE is not an isolated situation because we have seen similar developments in Nigeria, where the Central Bank, after advising the public against investing in digital currencies returned a few days later with a circular requesting banks to produce nominees into a committee that will produce the policies and guidelines that will guide Blockchain regulation in Nigeria. A number of reasons have been identified for the perceived ‘back and forth’ behavior of government towards Bitcoin and Blockchain. Bitcoin price will skyrocket Michael Vogel, CEO of Netcoins sees the inadequate understanding of Bitcoin by the lawmakers as one of the major reasons for the sporadic reversals in government position on Bitcoin. Perhaps from the government’s perspective, it is easier to ban than regulate or perhaps they realize after the fact that a ban would be difficult or impossible to enforce. Vogel points out that regulation or lack thereof continues to be a delicate matter and a strain for those looking to use Bitcoin legitimately. He says that in some ways, a wait-and-see approach to regulation is good because over-regulation can stifle innovation. However, a lack of legal clarity can also make it difficult for Bitcoin businesses to operate. Vogel concludes: The government is afraid Simon Dixon, CEO of BnkToTheFuture.com describes the actions of government as a ‘dilemma.’ Dixon says that the initial reaction of governments usually reveals some level of emotional response in the form of fear and panic. Therefore, their initial reaction is most often knee-jerk. He also explains that what usually follows is that these governments then dig deeper only to realize that their banks want to explore Blockchain technology- a code word for Bitcoin. Then their central banks realize that digital currency can help them rage war on cash. In the end, they flip-flop their announcements realizing that Bitcoin may be something they have to put up with to achieve their goals of creating a worse version of Bitcoin and supporting their banks with their 'Blockchain' buzz-word. However, Dixon notes that this development is not new in the ecosystem as it has been a pattern across the globe. He says: Source: https://cointelegraph.com/news/bitcoin-price-will-skyrocket-if-it-becomes-worlds-reserve-currency-by-2020
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https://techcrunch.com/2016/12/28/the-price-of-bitcoin-is-creeping-back-toward-its-3-year-high-of-1000
