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121  Economy / Speculation / Re: Bitcoin broke $13k today on: October 24, 2020, 08:34:36 AM
It was a nice moved from Bitcoin becasue it was long awaited for. Although, this was a FOMO from PayPal announcement about their involvement with Bitcoin. We all know that PayPal made their proclamation that effect from 2021 they will integrate the buy and sell of Bitcoin into their system, this caused the FOMO few days ago, which those who have been waiting for Bitcoin dips before buy went into the market with the FOMO. Hope we see another all time high before the end of the year 2020.

Yes but those people who were considering selling at high 11's are now going to begrudgingly hold onto the BTC. Just look back in the thread and see the post about somebody kicking themselves for selling at 11.7. This is a coin that was sub 3 earlier this year.

It could be election jitters or maybe it's real small time buyers scooping up after sitting on the sidelines for 2 months. Either way it looks like there is more activity this month. October always fun Tongue Surprised no DJ crash yet (maybe covid sitting in its place).
122  Bitcoin / Bitcoin Discussion / Re: First Terror Attack Related With Bitcoin - INDIA on: October 24, 2020, 08:23:49 AM
Much ado about nothing. People financed wars with livestock thousands of years ago. You don't see people looking at cattle farmers as deviants these days (I hope not any ways). The title is another piece of clickbait sensationalism.

When more than 1% of larger terror events are funded by crypto then it will be an issue. Until then everything from pressure cooker bombs to sarin gas attacks will be funded by local currencies and the international banks that have habitually looked the other way. There's still gold in Swiss banks that is literally smelted from murdered people's teeth, but neutrality and all that...


Remind me again how many people at HSBC went to prison for financing global terror?
https://www.icij.org/investigations/fincen-files/global-banks-defy-u-s-crackdowns-by-serving-oligarchs-criminals-and-terrorists/
123  Bitcoin / Bitcoin Discussion / Re: Will you buy BTC from PayPal now that they are letting people do it? on: October 24, 2020, 08:10:59 AM
I'm not sure where Paypal is getting their spot BTC price from. It seems higher than Coinbase/Binance for the 4 times I checked it in the last 3 hours. This is before the transaction fees.

I am happy to see it being listed as an option. Although it's only a matter of time before they issue 1099s for any transaction. Remember is you buy BTC on Paypal and you're filing taxes in the US there's a check box now on the 1040 form that asks if you had any transactions in crypto during the fiscal year. Even buys need to be noted on that form per my CPA.
124  Economy / Services / Re: [Open] AceDBets.io Signature Campaign | Full to Legendary | Weekly Payments on: October 24, 2020, 08:00:34 AM
I will be leaving the campaign, thank you irfan_pak10 for the 2 weeks in the campaign. I did get to explore the forums again and post outside my usual spots and found topics.
125  Alternate cryptocurrencies / Mining (Altcoins) / Re: Number 9! Ninth altcoin thread. Back to the moon Baby! on: October 24, 2020, 07:52:54 AM
AMD has a perfect opportunity to pair or outperform Nvidia - this launch is very important and they need to win market share with gamers. Nvidia clearly was pressed with this launch; using samsung, large tdp, paper launch (basically). RDNA2 will very likely be power efficient...AMD is going to have their hands full balancing miners and gamers

that is why i didn't recommend getting 5700xt, if the new amd cards pair with 3080 performance you'll have old tech cards LOL.

I still see 2x 5700xt as a better choice then 1x 3080

but marginally.

 Basically I can find and buy 5700xt for 360usd plus tax.

If I could get the blower style 3080 in a few days I could pay 650 plus tax.

as i can get ten percent off newegg. but the problem is I cant get those 3080s anyplace.

Since i am making 1 dollar or so profit on the 5700xt and have mined them for over sixty days. many days i made 2 dollars on them. so 70 x 1.50 is 105 .  so if i paid 385-105= 270

vs zero earned or spent  since no 3080 to buy.

At current rate my cards will pay off in jan or feb.

the 3000 series clearly is not more efficient
the 3000 series would be cheaper per mh if I could have purchased them.

so for now mine with what i got.

i mean 5700xt vs 6800xt, it was around a month ago when i say that..even if you can say 2x 5700xt is better than 1x 3080. 6800xt is just around 1 month away...now what if 6800xt is at par with 3080 or with negligible inferiority?

there is no problem if you can easily sell and replace 5700xt but if not...well..you cannot win all the months in earning but you can prepare for more months or years to come Wink

6800xt is only a month away for launch. Then the cards needs to be shipped to you (except local stores like Microcenter which are a rarity these days). Then you have to hope you have stable drivers and that the mining software will mine on the card. Then you need to wait another month to 3 months for BIOS tweaks and optimal settings to be flushed out. The virus might temper holiday shopping demand, but probably not for video cards.
126  Economy / Services / Re: [OPEN] blender.io Signature Campaign | Sr./Hero&Legendary Members | on: October 23, 2020, 07:33:08 PM


Accepted Hero/Legendary Members:

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=38450
Current amount of posts (including this one): 2892
Amount of merit EARNED in the last 120 days: 10
SegWit BTC Address for Payouts: bc1qj5p96emdtvywgeu3mvnfjnuej5xd339f3y73n5


Welcome to the Campaign. Please update your Signature & Avatar asap.

There's still 4x Sr. Member and 5x Hero/Legendary Member positions open, keep applying!

Thanks for acceptance. Had a nightmare at the hospital but sig/avatar updated Tongue
127  Economy / Services / Re: [OPEN] blender.io Signature Campaign | Sr./Hero&Legendary Members | on: October 21, 2020, 10:32:39 AM
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=38450
Current amount of posts (including this one): 2892
Amount of merit EARNED in the last 120 days: 10
SegWit BTC Address for Payouts: bc1qj5p96emdtvywgeu3mvnfjnuej5xd339f3y73n5

I will update signature by Thursday or upon acceptance (whichever comes first, just need to finish current campaign term). Thanks.
128  Economy / Services / Re: [OPEN] WOLF.BET Signature Campaign - Hero/Legendary - Up to 0.008 BTC/week! on: October 21, 2020, 10:28:09 AM
Bitcointalk username: DrG
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=38450
Amount of earned merit in the last 120 days: 11
BTC Address: bc1qj5p96emdtvywgeu3mvnfjnuej5xd339f3y73n5

I will update signature by Friday or upon acceptance (whichever comes first, just need to finish current campaign term). Thanks.
129  Economy / Gambling discussion / Re: Are you a high roller? on: October 21, 2020, 10:15:28 AM
I used to make fairly big (four digit in USD) bets about 15 years ago. There wasn't any particular event that made me tone it down, I just was no longer wowed by the casino buzz after a while. All this talk about luck and strategies. It all ends up just being math and having a n/x chance. If you want bigger payout increase the x or the difficulty. If you want smaller winnings and better odds increase the n. I agree there should be a strategy on how to place you bets depending on your play style but I think a lot of gamblers think their "strategy" can increase their luck (ie probability of an outcome).
130  Economy / Gambling discussion / Re: Towards another gambling site. on: October 21, 2020, 07:11:01 AM
Roulette relies on probability like any other casino games. There are hotspot numbers that you need to watch out for because not all the numbers are equal and most of them land more often. But the probability is just part of the strategy to win in roulette, you should have a system to maximize your profits. There are countless strategies out there, one example is Martingale system, and Paroli. Martingale focuses on starting at lower bets and each loss you will double your bet, basically the belief in the system is that you will eventually win and all the losses incurred will breakeven. Paroli is the opposite of the Martingale system, if you win you decrease your bet. These strategies will not work hundred percent of the time but they can help in minimizing the damage.

What is this hotspot number you speak of? Statistically each number should have an equal chance of being landed on.

The Martingale system works for people who start with a very small bet and are willing to run their bet all the way up to the table limit should the need arise. Only betting $2, and then failing 8 times would need 2^8 in value to try to recoup the loss. It is game ending for most casual players. Great for noobs until they get that bad streak.
131  Economy / Gambling discussion / Re: US 2020 Elections data, polls and bets on: October 21, 2020, 06:53:48 AM
@DrG. Also, the real issue of China as the source of the coronavirus are not being printed by the news anymore. I also have never heard of a Democrat that demanded an international investigation on China for the possibilty of causing this global pandemic.

China and Chinese companies will certainly be very happy on a Biden victory hehe.

Even if you took China's word at face value and believe they did everything in their power to control the outflow of the virus (stop laughing), the media is completely silent about things like Feinstein having her aide of over a decade stealing intelligence for China. This is not even a conspiracy, this is a case that has formal prosecution in the legal system. China is also the number one cyber security threat to US infrastructure. The media happily reports of BTC extortion threats from Russians but is completely silent on a national news level about the NYPD officer who was spying for the CCP.

In my field of medicine, this would be like counseling a patient about their diabetes while they have a open femur fracture. Both are issues, one just seems to carry more weight and seems agenda driven. When was the last time you worried about lead in your Russian cookware?
132  Economy / Economics / Re: Government slowly open the economy, will it make the pandemic worst? on: October 21, 2020, 06:35:00 AM
Diarrhea still kills a magnitude more people each year than does the corona sars 2 virus. So does Malaria, Hepatitis B (also C). Even tuberculosis is nearly as deadly. Yet the media is having a field day with this virus in particular because they seem to love exploiting the fear aspect. While the virus is pretty nasty as far as latent lung function decrease, there are many other worldwide conditions that are being woefully ignored while this story takes up 50% of the news cycle.

It's just like the 737 Max crashes that killed less than 400 but got tons of coverage. 1/3 as may people died from faulty GM ignition switches in equally horrific deaths and the media coverage was not nearly as sensational.
133  Economy / Economics / Re: Crisis will be new normal but its not bad on: October 21, 2020, 03:02:00 AM
The panic words like "crisis" are used way too often by people. For example, the Cape Town water crisis was a moderate crisis. The Ethiopian and Bangladesh famines were true crisis.

Not being able to buy a new 40" OLED for Christmas because the US government is not giving a new round of stimulus is not a crisis.
134  Economy / Economics / Re: Venezuela Planning New 100,000-Bolivar Bills Worth Just $0.23 on: October 21, 2020, 02:48:42 AM
Yeah bad capitalist buying oil over $100 a barrel and exploiting poor Venezuela. They should be buying it now at $40 when nobody wants it Tongue

The OPEC made the mistake during 2009-2013, when they tried to push crude oil prices too high. There were statements from the OPEC such as "consumers should be ready for $200 per barrel oil" and "the era of cheap oil is over". As a response, the US shale oil producers moved in and ramped up their production. The greed of OPEC members such as Saudi Arabia and Venezuela resulted in their own downfall.

Exactly. You push a system too far out of bounds and reasonable forces will exert themselves to correct the imbalance. If oil prices shot up to $1000/barrel all of a sudden nuclear reactors and solar would be popping up all over the place. Quasi environmentalist complaining about birds getting killed by windmills would allow windmills in their own backyard so they could keep watching Netflix.

Oil because expensive enough to warrant US exploration in a previously "difficult" location.

I can only hope the Venezuela people become fed up with too much government control to actually start fixing their own issues without relying on government's helping hand (a hand which may never show up).
135  Economy / Economics / Re: China is looking to get rid of the US dollar on: October 21, 2020, 02:43:13 AM
For those stating China creating a cryptocurrency - are you talking about a decentralized currency? Because that goes in the face of everything that is the CCP. I can see China converting all its citizens to use digital Yuan. Even the beggers in outlaying areas of Shanghai collect payments on a smartphone (I was there last year before Covid was "announced"). A true cryptocurrency with decentralization would prevent the government from seizing assets of the citizens. My family's first hand experience of the communists taking over and kicking out Chiang Kai Shek says hell is likely to freeze over before this happens  Grin
136  Economy / Economics / Re: Bitcoin Balance on Exchanges Reducing on: October 21, 2020, 02:05:44 AM
It seems that there are many people preparing for a significant increase in the price of bitcoin, so most of them hold bitcoin in their wallets, this is of course in addition to whales collecting huge amounts of bitcoin as I mentioned before, all this leads to a lack of liquidity in the market and therefore it is possible that we will witness an upward trend Great Bitcoin in the coming period.

Where are you seeing this lack of liquidity? Right now the central banks are still bending over backwards to get people to borrow money, it's just they don't want poor people to borrow money. They're perfectly happy lending to small and big business.

The forums are giving me mixed signals. One thread talking about whales moving old coins out of cold storage and others talking about little bitcoin days being destroyed because nobody wants to sell.
137  Economy / Gambling discussion / Re: Card Counting in Blackjack on: October 21, 2020, 02:00:04 AM
Yes, the casino won't care if the winnings are always on your side and during the game you still have small losses and have more wins.
But if you continue to win every game and never lose, chances are the casino will act and be investigated with suspicion and there will be follow-up that could hurt you because every casino has rules.
for whatever reason the house will always win and reign.
They are doing it as business and to the players a gambling or game to be played by staking money wanting to get or the desired results.

Card counting for me is not really effective for the players to win besides the casino had made things to counter this by adding more decks in the table. The card counting could no longer add a little percentage of winning the game. Sad but no way for casino to lose in gambling after all they are earning because of it in exchange for fun a d excitement to the gamblers playing blackjack.

Yeah if the casino wasn't gleaning a slight edge on every single bet the whole endeavor would be a losing battle for them and they wouldn't be able to afford the lights, staff, free alcohol and such. I think the only game I have ever seen that is pure 50/50 as luck was "War" - I was surprised to see that game. It had a $500 table limit, but I was able to make a quick $400 betting $25 and doubling on fails.

With the multidecks in the shoe and the splitting, card cutting has become essentially impossible so you're back below 50/50. Roulette has about the same odds and that is still worse than 50/50.
138  Alternate cryptocurrencies / Mining (Altcoins) / Re: Which coin is right to mine with GTX 1060 was mining RVN before. on: October 21, 2020, 01:52:39 AM
The best option for the 3GB card is to sell it while you can still get above $100 for the 3GB models.

For 6GB cards as noted above WhatToMine is pretty good but shave off about 10-20% of earnings due to profit switch miners and underestimation of fees, stales, uncles, etc.
139  Alternate cryptocurrencies / Mining (Altcoins) / Re: Number 9! Ninth altcoin thread. Back to the moon Baby! on: October 21, 2020, 01:49:13 AM
In the past, everytime i was ready to sell off my gpus, it was the perfect time to scale up.

unfortunately i don't feel that way yet, so still more pain to come  Cheesy

This is a paradox of GPU mining. Cards are cheapest when there is no reason to mine and expensive when mining is rewarding. People who make out the best are those who buy cards when it's not worth mining and then mine on those cards, or even resell those cards when prices go up. 4GB RX 480s going for $170 used on eBay last month was a perfect opportunity to exit with 4GB cards. Now with the next gen NAVI cards coming out those rx cards should finally drop below $100.

It still hanging in there.

I am  thinking diff will drop maybe not like a rock but twenty percent drop could happen.

The navi may not be a big deal if they use a ton of power.

I can see the 5700, still being a decent card.

The 5700 is a great card. It's great for ETH and it is also best bang for the buck gaming in midrange as long as you're not getting black screens from AMD driver issues. I heard that the 5700XT production was put on hold so that RX6xxx could be ramped up. I don't know the veracity of those claims, but heard it on Moore's Law is Dead. Perhaps there will be a rebadged 5700XT in the 6xxx lineup that will basically be the same card but with support for direct access and HDMI 2.0 output for 4K.
140  Alternate cryptocurrencies / Mining (Altcoins) / Re: Number 9! Ninth altcoin thread. Back to the moon Baby! on: October 20, 2020, 08:34:04 PM
In the past, everytime i was ready to sell off my gpus, it was the perfect time to scale up.

unfortunately i don't feel that way yet, so still more pain to come  Cheesy

This is a paradox of GPU mining. Cards are cheapest when there is no reason to mine and expensive when mining is rewarding. People who make out the best are those who buy cards when it's not worth mining and then mine on those cards, or even resell those cards when prices go up. 4GB RX 480s going for $170 used on eBay last month was a perfect opportunity to exit with 4GB cards. Now with the next gen NAVI cards coming out those rx cards should finally drop below $100.
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