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Messages - Talk Merit

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General Discussion / My van has passed its government test
« on: June 19, 2018, 08:28:32 AM »
Every year in the UK, motor vehicles that are over 3 years old have to pass a government test. This covers emissions, braking, mechanical safety, lights, seat belts and many other things. It is designed to ensure that all vehicles used on the public highway are safe. My van is a twin wheel 3.5 tonne version, and it falls into the class 7 category, and the tests for these vehicles are a lot stricter than those for cars and light vans. I thought they would find a few things wrong with it, and it was going to cost me money, but it passed without even an advisory.

Do you have these vehicle tests in your country?

Practice threads / DCA - Dollar Cost Averaging
« on: June 18, 2018, 06:28:14 PM »
DCA or Dollar Cost Averaging is a technique used by long term investors to build an asset holding. It is almost impossible to determine exactly when the bottom of a drop has been reached. With DCA you spread the cost of acquisition over a period as the assets drops in price, and then subsequently starts to rise. Profit is calculated by taking the average price over the whole purchase period.

Practice threads / ATH - All Time High
« on: June 17, 2018, 02:21:09 PM »
ATH - refers to the All Term High price.

It is the highest price that the coin or security has ever achieved in its lifetime.
 XE reports the ATH of Bitcoin as 14,592.54111   ( $19,435.92003 )

This X22 report discusses the way that the central banks attempt to 'retain control of the narrative'.

X22Report - Episode 1591a - Published on 13 Jun 2018

I'm getting quite a few applications for membership from apparent forum spammers, and I'm having to reject them without any research. Trying to discover a relationship with the Bitcoin Talk forum can be quite difficult, and I cannot afford the time at the moment. If you are rejected, then you will receive an email, and you are welcome to re-register in accordance with the registration rules.

You will need to use your exact Bitcoin Talk member name for registration. This is to avoid possible false accusations of plagiary, and because the project was set up specifically to help members of the Bitcoin Talk forum to improve their English language posting. You will also need to supply a valid email address, as you will need to confirm your application if it is approved. If you do not confirm within 7 days, your application will be cancelled. We do not use emails for spamming or for any purpose other than registration for this forum. This is required to help reduce the number of potential spammers in the forum.

General Discussion / Re: newbie here
« on: June 12, 2018, 07:05:36 PM »
You need to stop thinking of earning merits as an objective in itself. Improving your communication skills is far more important and valuable.

Welcome to both of you.

We don't really talk about earning merits here, there are so many threads on BitcoinTalk about it. What we hope to do is to help members to improve their English, and thus their posting skills. This willhelp you to build your reputation on more forums than Bitcoin Talk. We have got a Karma system here, but that is similar to the likes that many forums use. There is no reward for increasing your Karma, but it should be an indicator of your improving posting skills.

Practice threads / RSI - Relative Strength Indicator
« on: June 12, 2018, 01:55:06 PM »
RSI or Relative Strength Indicator is used to determine if Bitcoin is overbought or oversold after a rapid price movement. The concept was developed by the technical analyst J, Welles Wilder, and its value oscillates between 0 and 100. If you want to find out more about RSI, there is an interesting introduction to the concept on Stock Charts -

I didn't like to see this board being left empty, so I thought I would tell you guys about the Free Republic of Liberland. Some of the founders of Bitcoin Cash have claimed a 7Km square island in the middle of the Danube, and they have declared it as a republic. You can read more about it on their website, and the link is below. It sounds like an interesting project, and it shows what you can do if you have a few spare $billions.

Basic information about Liberland

Practice threads / DYOR - do your own research
« on: June 10, 2018, 03:44:04 PM »
DYOR is not some new digital dress designer, but it stands for "do your own research". The internet is awash with sites providing advice and statistical analysis. By the time you read some of the popular sites, you may have missed the boat, as there will be an army of readers who have already acted on the advice. The other risk is the the publisher of the advice may have a vested interest in the result, and he may have distorted the facts. Before investing, always do your own research to check the validity of the opinions you have read.

Practice threads / HODL Hold on for dear life
« on: June 10, 2018, 10:13:39 AM »
HODL is another acronym created by a Bitcoin user. It means "Hold on for Dear Life", and it relects the policy of long term investors during a prolonged bear run ( price drop ).

The term was adopted after a Bitcoin Talk member made a disjointed post in an apparently drunken state. He misspelt the word "hold", and didn't correct the error. A few other members latched onto the mistype, and a new word was born.

General Discussion / Re: newbie here
« on: June 09, 2018, 07:13:18 PM »
Hi and welcome.

We don't really have any newbies here, as it all pretty new. We just have friends.

I don't think we have any Chinese members here, but I'm really pleased that you've joined. China is such an important country now, and the petro-Yuan is making a significant impact on the world economy. The belt and Road initiative is going to have a massive impact on world trade as well.

Practice threads / FUD - fear, uncertainty and doubt
« on: June 09, 2018, 03:41:54 PM »
That leads us into the next acronym.

FUD - which stands for "fear, uncertainty and doubt". This is one way that the media is manipulated to bring down the price of Bitcoin. The false rumours are initiated by the big investors who hope to acquire more Bitcoin at a lower price.

Practice threads / Acronym of the moment
« on: June 08, 2018, 06:22:48 PM »
An acronym is a word created from the initial letters of a phrase or group of words. The world of crypto is full of acronyms, and I'll list some of them as I notice them in the Bitcoin Talk threads. Here is the first one -

FOMO - this means the 'fear of missing out'. It is particularly relevant as the price of Bitcoin keeps moving sideways, and it is obvious that it is steeling itself for a major breakout. Which way will it go? The charts seem to indicate that it is still in a bear trend, but there are some major financial events this weekend. The Bilderberg conference is one, and I hope we can get some reports from this. No doubt they will be discussiing the banking crisis, and the merger plans of the debt ridden banks. So do we buy Bitcoin now and risk falling off the cliff, or do we hold off and risk missing the 'hockey stick' rise.

Thanks for that. I'm justputting together a landing page for a domain name I've just picked up, and I'll check your post asap. Or maybe somebody else can pitch in as well.

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