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1041  Bitcoin / Bitcoin Discussion / Re: Bitcoin IS an asset. Do you think it's bad? on: May 20, 2023, 07:17:50 AM
Hello everyone.
Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.
I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.
What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?
Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

Bitcoin goes flat, people hate it. Bitcoin become volatile, people hate it. Some people will complain no matter what. Bitcoin don't care. The network will work tomorrow just like it did yesterday. That's the most important thing that matters. You may get rich from bitcoin. Some people lost a great deal of money too. We don't usually hear about them.

You don't necessarily have to choose the investment play (otr the tech) over the other. You can always do both.

Lots of businesses accept bitcoin as a form of payment and some of them don't even hold any crypto. They immediately dump their coins for the USD. Can you say these people aren't using crypto or not benefiting from it?
1042  Bitcoin / Legal / Re: Another one bites the dust? Pakistan will ban crypto and never legalize it on: May 20, 2023, 04:16:30 AM
So you think the IMF forced Pakistan to ban crypto… But I thought the IMF was a friend to crypto…  then I read this article and I came to my senses

https://www.imf.org/en/Blogs/Articles/2023/02/23/technology-behind-crypto-can-also-improve-payments-providing-a-public-good


Quote
Crypto assets have been more of a disappointment than a revolution for many users, and global bodies like the IMF and the Financial Stability Board urge tighter regulation.



Central bank role

Central bank digital currencies can help because of their dual nature as both a monetary instrument—a store of value and means of payment—but also as infrastructure essential to clear and settle transactions. Policy discussions have mostly focused on the first aspect, but we believe the second should receive just as much attention.

As a monetary instrument, CBDC provides safety; it alleviates counterparty risks and provides liquidity in payments. But as infrastructure, CBDC could bring interoperability and efficiency among private networks for digital money and even assets.

Payments could be made from one private money to another, through the CBDC ledger or platform. Money could be escrowed on the CBDC platform, then released when certain conditions are met, such as when a tokenized asset is received. And the CBDC platform could offer a basic programming language to ensure smart contracts are trusted and compatible with one another. That too will become a public good in tomorrow’s digital world.



Of course these fuckers will want to ban crypto. It is because they want to eliminate any competition. They are fine with stealing all the tech from these open-source projects and then they ban them. That’s now fair.
1043  Economy / Trading Discussion / Re: Don't claim to be an investor if it's still like this on: May 19, 2023, 08:33:15 PM
S&P500 has averaged something like ~10% in the last 100 years or something. If you want solid but slow returns, then buy an index fund and chill. Bitcoin is on the other hand, is like a Nasdaq stock. It is all about fast growth. If bitcoin can't beat the index in the future than the investors will lose their interest in it. It did what it did till now but what about the future? The markets are always future looking. Of course buy now, cash out tomorrow is not a realistic expectation but people want to get rich in 4-5 years because of the bitcoin halvening-cycle.
1044  Alternate cryptocurrencies / Altcoin Discussion / Re: Feedback on Portfolio on: May 19, 2023, 06:27:48 PM
Talking to friends and family may not lead to good results. If they do not know anything about cryptocurrencies, talking to them will not give you a real addition, and if they do know, it may cause you some inconveniences, such as asking for a loan from you, trying to steal you, or at least scam you.

Post what you are trying to say here, you will find a lot of useful comments and advice that may help you in enhancing your profits, in addition to the possibility that it will be a source of your income for you by helping others, who in turn will donate to you or it will turn into a paid service in the future.

I see that you have created several topics related to the same content, I advise you to try to work a little bit on the quality of your posts.

Talking to family/friends about money in general is not a good idea and crypto makes everything even worse. If you tell your uncle about your stock picks, he will say that you got shit picks. Grin If you tell him about your real estate investment, he will tell you that you paid too much... What do you think your retarded relatives will tell you about your altcoin investments? They will take a dump on your fun. It is always like that. They always think they know better than you. So, instead of going through that shit, it is best not to talk about it.
1045  Bitcoin / Bitcoin Wallet for Android / Re: Pros vs. Cons on Android for Bitcoin on: May 19, 2023, 06:14:05 PM
Android itself isn't as bad as people claim it to be but there are certain differences between an android user and an ios user. IOS people are not mostly into jailbreaking (i don't even know if it is possible anymore) while android people usually like to try different mods for their phone. This is where it gets dangerous. If you try a mod which you are not sure about its security (and you can never be sure) then you are at risk of losing your funds. IOS had a few fuck ups in the past too but Apple patched it right away. Who knows when your cyanogen or whatever mod will get patched... likely after you get hacked.
1046  Economy / Gambling discussion / Re: Are there play and pay later casinos? on: May 19, 2023, 05:57:24 PM
It's been a year and half that I talked last with a family friend who is living in North America and finally, he replied my messages after so many sms sent out to his number, he told me about how he own 60k in gambling and I somehow feel sorry for him but at the same time I doubt this, because I don't see anyone talking about gambling debts before.

To play in any casino you have to come with your money or asset, or are there any casinos that allow play and pay later? Or I am thinking if maybe he used a credit card for gambling? We all know that debt is possible on cards..
I know some people likes taking loans or borrow money, but I know him too well, he always advice us to never take any loan for anything.
I know some are wondering why I don't ask him, he is way older than me and I don't want to ask him, I only told him to take things easy with himself, I don't know if asking can make him feel bad even more.
So is gambling debt one way or other possible without the person taking loan or borrowing money?

I don't think any casino would take that risk. You can always pay later if you use your credit card. That's a job for the banks.

Your last question in bold don't even make any sense. You are asking if you can borrow money without borrowing money. *Mind blown* or... you want to play but don't want the responsibility of paying... either way no casino in the world is stupid enough to satisfy your non-sense demands.

What you are asking is like...

"Can I eat and pay later?"

Which restaurant does business like that? Think!
1047  Economy / Economics / Re: Is the US default a reality? on: May 18, 2023, 09:35:40 AM
Now all the news is writing about a possible default, is it real in the modern world, or is it information propaganda? How do you feel about this situation and what will happen for the rest of the world, you should be afraid of inflation or subsidence of the entire market. how to act in this situation and not lose money? It is worth now to run to withdraw money from the account or change it to the currency of other states. What kind of alignment awaits and what to analyze in general. Perhaps the extreme situation is a technical default, which does not pose a particular threat, but you need to prepare for non-standard options for the development of events.

It is real. The other possibility is also as scary and as real. That's hyperinflation. The US can't forever print money to pay their debts. That's impossible. If you see the history of the Roman Empire, it collapsed the same way. There are only 2 exits from here and both of them leads to a road covered with shit. A) Immediate default, B) Hyperinflation. The debt gets paid either way. We already know which one they are going to choose and that's option B.
1048  Economy / Gambling discussion / Re: Things that still make feel awkward with some online casinos on: May 17, 2023, 06:36:41 PM
Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

Yes that's robbery. They have the right to ask a withdrawal fee for the bitcoin withdrawals but they shouldn't do this for the other cheap alts that transact nearly for free. You can also vote with your wallet. Don't play on the casinos that ask ridiculous withdrawal fees. Support the casinos that has low withdrawal fees and that problem will solve itself. You can also make posts in the casinos own ANN thread so the manager of the casino will be aware of that problem. If nobody tells him about this, he will think that he is doing it right.
1049  Bitcoin / Bitcoin Discussion / Re: Some people started their BTC journey when things were more hopeless on: May 17, 2023, 09:38:19 AM
I don't think that's true. I mean bitcoin never experienced a full recession before. 2020 was very close in terms of being hopeless but 2023 is exceeds even that. The US still haven't raised its debt ceiling and if they don't, the US will default on its debt. Can you imagine that? The world's most developed nation, AAAAA++++ credit ratings, the owner of the federal reserve is about to default on its debt... and if they don't, that's is an equally scary scenario because then the inflation will go boooooooom. Let's see how bitcoin will take these events.
1050  Economy / Economics / Re: Retirement Age for Workers - Does this Make Sense? on: May 16, 2023, 08:19:51 AM
If you need the government retirement plan in your late age you are fucked anyway. Retiring at 62-64? No fucking way. How about making investments while you were young and getting retired at 50? 40? or even 35? Now that sounds cool. The government can take that retirement plan and stick it to the place where the sun don't shine. Unfortunately for the most people, they need that shit to survive and that's a terrible thing. Now they need to work 2 more years just to what? get retired on a shitty gov plan. You only live once, plan accordingly.

Not everyone thinks this way and that's alright. Not everybody is going to have an early retirement. I have never looked at the statistics but I believe the percentage of people that retire early due to proper planning and investment are very few. There are countries where the government retirement plan works well and I don't see anything wrong with relying on it in that kind of system.
Why would I want to retire at 35 when I can still work? I mean, if I have proper planning and investment, that doesn't stop me from working, does it? For someone like me, that's an entrepreneur, and would most likely be an entrepreneur for the rest of my life, I don't think I'd have an early retirement.  Grin

Depends on the job you are talking about. Many people don't really like their jobs, they don't do enough vacations, get underpaid, work for long hours... These people can't work till their 60's. It is too damn stressful. I am talking about those people. People that need to work to survive this world.

If you are one of those trust fund babies then sure, you can work till your 80's.  Cheesy It won't make a difference to you.
1051  Economy / Economics / Re: Retirement Age for Workers - Does this Make Sense? on: May 16, 2023, 04:51:03 AM
Quote
France's Constitutional Council on Friday approved an unpopular plan to raise the retirement age from 62 to 64, in a victory for President Emmanuel Macron after three months of mass protests over the legislation that have damaged his leadership.
https://www.cbsnews.com/news/france-retirement-age-raise-64-approved-constitutional-council/


This so-called measure has several benefits and drawbacks. The elder employees can benefit from their years of experience if they are retained on the job for longer, which is one advantage. The drawback of this is that many workplaces will report low performance because there is an inverse relationship between a person's success at work and their deterioration in cognitive and physical capacities.

Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.

What sense does this make? Would you agree or disagree?


If you need the government retirement plan in your late age you are fucked anyway. Retiring at 62-64? No fucking way. How about making investments while you were young and getting retired at 50? 40? or even 35? Now that sounds cool. The government can take that retirement plan and stick it to the place where the sun don't shine. Unfortunately for the most people, they need that shit to survive and that's a terrible thing. Now they need to work 2 more years just to what? get retired on a shitty gov plan. You only live once, plan accordingly.
1052  Economy / Gambling / Re: This guy gave a whole prototype of "how live roulette scam us" on: May 16, 2023, 04:45:08 AM
...

do you think, this is possible or they are already doing it? popular game providers like evolution, pragmatic, etc.

I don't think they need these tricks to win against the players. The math behind these games already gives a major advantage to the casinos. Maybe some casinos are doing it and I would believe that. It is because there are many greedy cheating players among us and it wouldn't be surprising if some casinos are also greedy cheating fucks. Who knows what the online casinos are doing. Most of them are provably honest but what about those aren't? I guess we should go to a casino only if are sure of their honesty.
1053  Economy / Economics / Re: Do you spend more-do you get more? on: May 15, 2023, 05:37:17 PM
There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

That is a famous quote but you have to understand it correctly. It is not telling you to spend your money on the dumb stuff like alcohol or smoking. You should spend your money on the useful stuff. Maybe buy a book, get programming lessons, invest in something, travel to another country and have a vacation… Any of those actions is better than staying home and staring at your monitor. Saving money is a good thing but saving all of it is not healthy. I am pretty sure there is something out there you can buy to improve your skills.
1054  Economy / Gambling discussion / Re: Advice when you are going a bit far in gaming and betting on: May 14, 2023, 08:24:18 PM
Having the right discipline in gambling that will make you gamble responsibly is very much essential for a gambler. Otherwise, you will end up doing things not within your control, until you used all your money thinking that if you gamble more, you will still recover what you have lost. That’s where gambling addiction could lead you into more uncontrolled losses that you will surely regret in the end wishing you did not gamble in the first place.

If anybody has a weak mind like that, he/she should seek professional help. This person can get addicted to gambling and that's the better scenario because there are worse addictions than gambling. What about drugs?? At least you only lose money when you gamble. Drug addiction is way worse, you lose both your health and your money and the recovery process is way more painful compared to gambling addiction.
1055  Economy / Trading Discussion / Re: Can copy trading be profitable on: May 14, 2023, 02:03:42 PM
Is copy trading worth it

Can I make 20$ per day if I have 2000$

Depends on the guy you are copying. I personally wouldn't depend on some other guy's trades to make money. What will happen when he starts to make bad trades or sharing trades completely? Either learn to trade or don't trade at all. You don't have to make trades anyway. There are other ways to make money too. Why don't you look for ways to generate passive income instead? You don't have to do anything once you get things going and then maybe do some other job.
1056  Economy / Gambling discussion / Re: Crypto VS Fiat Online Gambling as per Google trends on: May 13, 2023, 06:49:16 AM
 
The next question that came to my mind was why users tend to ignore stablecoin (USDT). My reasoning was that they provide an absolute figure of your win/loss. I understand why Bitcoin is the most popular crypto on gambling platforms.

What I did not understand is why to use Bitcoin Cash or Ethereum. Why not use crypto with a cheap transaction fee and instant transfer? Before I end I have another question for those who are constantly gambling. Which is your most preferred cryptocurrency for gambling?


People ignore it because most USDT casinos enforce KYC on the players. USDT is not exactly USD but it is still in a grey area so they still have have to comply with the government rules. When you send your money to a pure crypto casino however, none of that bullshit applies to you or to the casino anymore. Especially if the casino don't have a gambling licence, you are in the wonderland.

The math is simple:

No FIAT = No government = No regulations = No headaches.
1057  Bitcoin / Bitcoin Discussion / Re: Don't follow the trends, work with price actions on: May 13, 2023, 06:44:47 AM
Bitcoin business is not getting Rich quick, but get rich is sure, just a matter of time and also the amount you invested in the Bitcoin or other alt-coins, and what matters again is the entry point of buying matter's a lot in cryptocurrency market, which everyone needs to know when to buy at the bottom line, which is also determine the profits return after the investment.

Damn right. Bitcoin is not a get rich quick scheme. You will probably get rich if you hold long enough but it is still not 100% risk free. Bitcoin recovered from the worse crashes in the past and this one will be no different imo. The recent events like ordinals will get solved by the devs and bitcoin will be a cheap and fast network again. BTC's marketcap is half a trillion US dollars at the moment. It is too big to fail. Bitcoin can't fail even if it wanted to.
1058  Bitcoin / Bitcoin Discussion / Re: What's the fate of BTC payment now on: May 13, 2023, 05:03:12 AM
For the first time since 2022 I have officially put an end to Bitcoin payments on my business until further notice, I have gave few people some discount advantages to spread news about Bitcoin and now I am not so sure anymore, I can't even afford $5 per Bitcoin transaction, and also my customers that are surety when it comes to Bitcoin payment have all halt.

Ordinals looks like it's here to stay, I don't believe that Ordinals is like ICO because they are different. And Ordinals came in a bear market, imagine what this will do to Bitcoin in a bull market.

Is there any business owners accepting Bitcoin still? How are you doing it? Is there any way to go around this? I will appreciate, because I don't want to stop accepting Bitcoin, I have my long term plan and accepting Bitcoin as payment have helped so far.



There isn't much you can do at this point. You can try using the lightning network or use some other altcoin which is cheaper. If you want to continue using bitcoin then LN is the way to go. If you want to do it on the first layer then you will have to wait for the devs to fix ordinals and that time may never arrive. Maybe they don't even think something is broken right now. Have you considered this possibility? Because I have seen users in the forum saying exactly that.
1059  Economy / Economics / Re: What to do with all guy who loss money to stock market on: May 12, 2023, 07:47:15 PM
What to do with all guy who loss money to stock market

They are all promised to have retirement, stable and passive income, happy ending, fast car, fast house, fast woman, big fat profit, millionaire, high risk high return. Some of them got into big loan and loss everything, while they are still having to pay their loan. Are they gonna get a refund? The broker tell me stock market would make a come back again, it is just a cycle thing, technical correction, everybody would get their refund when market come back again. Now is the best time to buy low, when they market come back, it is your chance to retire young retire rich.

I told broker this is snake oil, and it is over. He respond it is not, you see, everybody too is doing this shady business, everybody doing it, you know, ape together ape is strong, when ape is strong, police is weak, law enforcement is weak, they can't fight the ape when ape together. Smiley

You don't lose anything unless you sell your losing positions. Back in 2020, 2018 and 2008 the markets crashed too and it always recovered. This time isn't going to be an exception. If you haven't sold when you were in the green then it doesn't make any sense to sell now while you are in the red. As of now, I have some losing positions and I have some winning positions. I am fine with all of my positions in the markets because I am not interested in the price. I am interested in the company. If it is a good company, then I hold. If not, I sell. It is that simple.
1060  Economy / Economics / Re: As an Economist how do you tackle inflation? on: May 12, 2023, 07:21:14 AM
The price of commodities are becoming more scary by the day. As an economist with lots of bills to settle how do you deal with the price hikes, the expensive cost of living, The fluctuation in volatile assets and the demand to meet our every day needs.

Most nations are facing currency devaluation, economic downturn, Static GDP and slow revenue generation. What are your secrets for meeting the day to day expenses regardless of the inflation.

I simply don't hold much FIAT around. In this inflationary environment, you should buy goods because if you don't , tomorrow you will pay more for the same goods. So the most sensible thing to do is to buy every good you can while you have the money. In other words I am dumping FIAT for anything I will need in the future. FIAT is created out of thin air without any effort but we need to work to create goods and the central banks created so much FIAT in the past.
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