Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 305. (Read 840369 times)

Just in case you missed it!

Hi Folks,

There's a giveaway in the main alt thread : https://bitcointalksearch.org/topic/giveaway-1000-eac-for-member-300-on-earthcointalk-412939

Come on and join us on earthcointalk!

Ok, I'd like to put in a bit of my perspective on this.

First off, EAC, like any currency or tradeable commodity is and must be a tool for gambling!

This does not negate the second statement. The two are not mutually exclusive. In fact, they can be mutually supportive.

Here's why. Gamblers are speculators. They are the most basic of speculators. All other currency speculation "above" the level of the poker table is a nuance. All business, regardless of what you are trading, is gambling. Those who say otherwise are lying. The question is who they are lying to. If they are lying to me, they failed. If they are lying to you, you have to evaluate their success. If they are lying to themselves, which is by far the most common business "sin", then they have a real problem. And it will bite them in the ass.

That particular self delusion comes from a common but wrong idea that gambling is a game of chance. In almost all cases, it is not. Lotteries, yes, but even then there is always one winner. The lottery operator. Poker is the game I most often hear described as a game of chance. Anyone who believes this has a standing invitation to play poker with me. I like winning. Gambling is a game of psychology. What do I know about you? What can I extrapolate from that knowledge about the hand you hold, the way you'll react to a potentially higher hand, to a bluff, to sheer intimidation, to a kind word?

Business is no different. You are trying to entice people to part with their coins, so you work with what you know of their mindset. In currency exchange, you can profit MORE on a "panic" than on a rise, because in a panic those with a short time preference will dump their coins cheap just because they are risk averse. The long player will OFFER low and smile broadly when they fall for it. Same as winning the pot on a pair of fives, because the guy holding a full house couldn't tell and was frightened by your demeanor. Markets are based almost entirely on emotion. The ones who can control their passions win.

Gambling gets a bad rep because people don't understand it. Most people, in my experience, are far too risk averse to be in any sort of business, let alone straight up gambling. Those who have the ability and the willingness to risk much, often gain much. Even more often after losing rather a lot. But If I were to gamble everything I could risk, lost half of it, then gained ten times that half, was it worth it? That's the way to look at it. Short term gains are nice. They really are. But if you are playing long, these little manipulations work in your favor, AND IN THE FAVOR OF THE COIN.

In the specific case of EAC, I like the developers ideas, and their enthusiasm. If they can actually pull off their direct EAC/USD exchange, and can get some merchant processing that doesn't take the hour of six BTC confirmations, then they will dominate the alt-coin market. They might even make serious inroads on BTC itself.

On the other hand, if all that matters to anyone involved is trading coins for other currencies, then it's just another flash in the pan.

Gamble on!

This is not enough to scare the true believers.

Btw.

To be a bit usefull, I reghistered at
http://earthcointalk.org/register/
but never got the confirmation email.
Any idea?

yes, you are in the right, if financial sistem collapse within 3 o 4 years, most probably criptos will have time to replace fiat-money.
if sistem collapse before that time, i fear that criptos will be too young for replace it istantly. we will see.
btw your reason for believe in criptos are right and it's right to add to other financial and economical reasons.
peoples dont know what a bank really is, and normally, dont care it.
if people start to learn this, banks and the actual financial sistem days are numbered.
but it is an extremely complex issue to discuss in a forum, implications in the economic/production world,  of a collapse of the global financial system, are impossible to calculate, but will still be devastating
i hope we have time to grow criptos world to a level able to support a new world coin sistem.

I agree 100%. But you forgot to mention what happens when the whole finacial system collapses. Every fiat-system collapsed in history and this system is ulta near. Survival chances measured over 5 years are almost zero imo. But the system can also go down next week. The U.S. is in an impasse, Europe is broke and there are no jobs available anymore, China is printing fiat like hell, Japan is trying how long their  "Abe-trick"will last. And when this happens, the only currency left will be, gold, silver and crypto coins. But for me, that's not the main reason to buy coins ( and especially EAC). Every citizen in the world must understand that the world will be so much better, so much more fair when we get rid of all these banks, that have been stealing from us for centuries, trillions of dollars.

This is not enough to scare the true believers.

I Logged out and in again....I see EAC again
I dunno why it happened. Sorry if i scared some people

I think if eac don't enter in next days in crypsty this down to the 100..

What? It is still there.
What are you talking about?