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1261  Economy / Speculation / Re: 127% Up from Bottom in 2022 on: October 30, 2023, 03:38:33 PM
The title partly explains why we will sell off those gains, they are so impressive and some of the money is leveraged.   As we know Dollar is being tightened or some attempt in that is occurring with higher rates and bond prices presumably attractive to some even if the stocks might be considered not cheap the BTC price is not in isolation.   We have to compare and contrast, if we do that the sell of BTC after gains becomes more of a normal event with profit taking and people paying their bills.
  BTC is non fractional in a fractional leveraged world, hence why it whips around so much imo we can see people sell it in the 30's price area.
1262  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: October 29, 2023, 11:55:04 PM
Batteries being produced now can last ten years or more fairly easily as I understand it.  Some good care is required but its quite possible and normal for any user to do that.  In future we will improve technology further but its fair to say the first uses of battery technology did register too commonly failure before the ten year mark but technology advances at a much higher rate then expected so from what I've seen the whole sector will be fine.

  The other point not being estimated correctly is how well cars can integrate into an economy especially with irregular energy production the battery becomes a utility device to store that cheap energy when available.  Most house holds cannot currently store cheap off peak energy but the electric car unlocks that ability and will add efficiency across the country as usage rises.
  These reasons and other positives are why we might be underestimating the rising use of electric over prior technology.  For fun driving I still want petrol same as anyone else but most car use is for practical reasons so I see transition will occur imo.
1263  Economy / Speculation / Re: Is doubling your investment more probable than we think? on: October 29, 2023, 11:41:23 PM
BTC has excessive volatility beyond almost any other market so yes is the answer to the question.  Your normal estimates and weighting to your expectations are inaccurate, this market is substantially different to any other.    You are more likely to double then it appears, partly you could phrase this as events beyond the horizon have a greater velocity then we can perceive or view directly at present.   
  The bears or negative view of BTC some have would also like to state for balance in all fairness that BTC has greater risk of going the other way, some think it can and will go to zero and this is a far more probable outcome then expected by participants.  I might disagree personally but I'll take that point as fair in terms of balance and statistically this is an erratic market so their view of destructive markets destroying themselves in some way sooner or later is how they view BTC.  I view it as wildly bullish but patience will be tested, I expect more negative is still ahead and possible.
1264  Economy / Gambling discussion / Re: Can Chat GTP destroy poker on-line gambling??? on: October 29, 2023, 10:46:03 PM
Its an interesting question, AI has beaten people in chess quite consistently I think.   On all time frames that is possible and yet people can still beat the chess computers its not a forgone conclusion exactly but vs the average certainly.   So in Poker could that same exact thing be true, that the average player has no chance vs AI.   Most people are making bad mistakes, taking too much risk on bad cards so I assume computers can quite often do better by being boring and playing the odds.
  I still think the computers would struggle with the bluff part, by purely following the rules unlike chess they might be worse off for being predictable in their gameplan.   AI is like putting a nice handle on an old spanner that was working before but the handle makes far nicer to use.
1265  Economy / Gambling discussion / Re: Anti-Gambling Tools on: October 29, 2023, 06:56:34 PM
Dont give yourself too much spare cash if you have this general problem of burning it on leisure activities.   Gambling, any game can cost money its for fun not to be thought of as a genius idea.  By definition most of us cant be that perfect win scenario so start off by not kidding yourself, its fun and a game stick to those basic facts and work from there.
   Some people burn all their money on alcohol, dont be too hard on yourself either its just a mistake you should avoid most of us have behavior we must correct for our own good.    I would put money into paying off your mortgage when you can because it does come back to you in lower bills and improves your security long term.   If you pay your debts first chance possible, its money that cannot be placed wrongly there after and you will do far better.
1266  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: October 29, 2023, 06:34:16 PM
I don't really understand why you delete your posts.
Most probably, you are going to delete the post I just quoted as well.

No.

From now on, I shall keep everything that is outdated.

It was exactly what it seems.

Relax.

How elusive and interesting,  I think thats awesome that'd you sweep away your footsteps as you pass so as not to disturb the landscape.   I dont suppose you really want to avoid attention or you'd not come to one of the biggest older forums on the internet then comment on the thread of one of the largest sites on the internet.
   Most people are trying to build up their post count by all and any means available mostly messily, the fact you are different and its entirely unclear why is kinda cool imo.
    I suggest you consolidate and revise a post if you are trying to be tidy and not too conversational with quick posts as it can appear spammy;  is that the reason, for neatness?    One forum I went to daily each post had to have perfect spelling, punctuation even grammar or posters would be subject to exclusion but most places arent that extreme.  Depends where you are coming from and style you are used to.


BTC appears to be ending the week strongly, a flag bodes well rather then the decline and pullback I thought more normal in context of this year.   Close above 34500 on todays daily bar seems to fit that positive conclusion to post peak action.  Down to the wire perhaps end of month.
1267  Economy / Speculation / Re: Bull season started? on: October 28, 2023, 11:58:44 PM
Its been bull season the entire year depending how you measure it.  We ended the bear season so by definition its back from there on ?   Been not so clearly true but the water doesnt have to be crystal to still know which way we flowing I think 2023 has been positive even before now.     The big rise recently is still not breaking out especially its just more positive in contrast to the lower 20's we were out.
   To call an actual trend we need a series continuing on the daily and weekly bars, multiple months and ideally we went all the moving averages with us.  The biggest clue might be that most of the moving averages are in the right place for a rise to be possible in a continued way, not just the usual burst up and pullback we've been watching on repeat for 6 months.
1268  Economy / Gambling discussion / Re: who Want To Bet On 2024 USA elections? on: October 28, 2023, 11:48:58 PM
I thought Pence would have had more success or able to accumulate votes as Trump became mired in court business rather then pulling in votes.    Sadly not the entire party seems to be consumed with either Trump or personality politics which Pence did not have a large amount of in prospect apparently.
  For the moment I dont see a great opponent to Trump from within his own party and that probably means the republican's win overall is not competitive enough to garner mainstream votes and win but thats too early to call.   Im not inspired to think an outside bet will come through at present.
1269  Economy / Economics / Re: Lucky you do not sell to blackrock on: October 28, 2023, 11:24:38 PM
Its not that the gold mined is excessive its just that it can be expanded mechanically and has seen improvements from technology.   Demand will raise the mining resources from a higher price point justifying gold in higher cost mines.  BTC doesn't respond to a higher price in that way, it would do if it were left unguided but the difficulty adjusts to stop that occurring mostly.  That makes it alot different but gold price will still go up as supply is outmatched by demand probably, a new mine can take 10 years to find and establish.

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$9.42 Trillion in assets under management,

Blackrock isnt fractional holding like a bank would vary its allocation as they feel like.  I dont believe Blackrock has themselves the ability to alter or leverage these holdings referred to, their discretionary judgement will be quite small.  We arent going to see 9tn come this way unless every person who deposited elected to have Blackrock switch over to BTC on their behalf by their own orders, the vast majority of people wont do this in 2023 or maybe ever and a new ETF doesnt especially alter that.
1270  Economy / Speculation / Re: $4.55B worth of BTC & ETH options set to expire today. Correction most likely? on: October 28, 2023, 11:02:37 PM
What can happen is some attempt to pin the price where it makes sense for people with alot of options to try and buy or sell in the market to make an option or trade setup expire in the money.   Happens with all commodities traded, someone was saying Gold was pinned to $1900 and hence became bullish but with the same idea that this was only a short term trade due to speculators wanting to make that profit for that deadline.   
  Im sure there is a entry explaining this somewhere better then I can, this might be better: https://www.investopedia.com/terms/p/pinningthestrike.asp

I always rate the longer term dynamics over trade dynamics, sometimes there is a confluence of factors and both run together with traders backing a trend that was set to occur anyway.  Gold was never really that negative imo, similarly BTC its already slayed its demons with lower prices less likely after being already dealt with but thats just my take.
1271  Economy / Gambling discussion / Re: Anti-Gambling Tools on: October 28, 2023, 10:40:00 PM
You can block sites and types of sites on multiple levels.   The router and ISP can block sites, you can operate a pi running a block also and then the pc itself can be used to block sites.
  All of that is for casual use, maybe adverts perhaps though most places do classify gambling as an adult type advert and you should be able to opt out of receiving.  That'd leave junk mail, filter using gmail and there are professional filter services possible.  Ultimately for the larger objective it would be mostly down to yourself and any real world help you can get is probably a good idea to remove the underlying reasons for gambling when you dont even really want to at this point.
   Addiction therapy is well recognized as a professional service, my take is that you need to actively move in a different direction. Literally go for a serious hike to wear yourself out etc. work more hours might even be useful to reacquire some of the money lost, set yourself objectives in those positive tasks.
1272  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: October 27, 2023, 11:52:14 PM
Quote
batteries made for electric cars are also not good for the planet

Really depends on the battery chemistry, how its acquired and made also.  The main thing is technology is advancing this whole avenue of power, we have the possibility to use more natural elements and more easily recycled.   If it weren't for progress the battery and solar power route would not be viable anyway, its come so far it doesnt make too much sense to believe we cannot also continue to advance and see even greater gains.
  We should have a variety of routes in future not just one path, it will still be the case both gas and oil have unique properties that are useful and will be used for another century.  My take on why that is again history, coal was surpassed a century ago its not near to the best since then however it has its uses.
1273  Economy / Gambling discussion / Re: Advice when you are going a bit far in gaming and betting on: October 27, 2023, 08:53:29 PM
This is good advice but some people will always have some drink while playing because its a game of leisure which is fair but dont overcommit money if playing in that way.  Point is knowing when to reduce size, if you stick to the budget side of things it shouldnt go too badly on any particular day.  Live to fight another day, learning is advancement and improvement hopefully even if you do lose on any particular gambit  Tongue
1274  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: October 27, 2023, 08:22:19 PM
Thats a positive because getting to your stash and selling out early would be quite pointless and damaging, some people got really bad self control on spending every single penny  so a lock you  cant undo is a positive to some I think plus you get paid for doing it.
  We literally had this discussion on this thread 2020 March the BTC price plunging and you know it went up way more later but in that moment looked dire, crypto prices are a rollercoaster fairly easy to say.

Its hard to state but also true a price is not an absolute truth.  Price is not value its a tag that matches the market demand supply today.    Easiest way to put that maybe is substitute this virtual price for your supermarket selling your favorite coke or beer or something the price varies, circumstances, location, time etc. whatever factor can alter a price mostly time I think but the actual product has not altered hence I argue value is separate from price.
  Not sure anyone cares particularly but a lock stops yourself being dragged around on a leash by factors you cant control
1275  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: October 26, 2023, 11:31:44 PM
I can only see the point in selling if you are not using them which was never my idea personally thats speculative.    Its typical that fast gains in BTC will put pressure on the prices of anything measured in that unit which would include this too.   BTC very often drifts for some time also which gives time for prices elsewhere and the background to crypto to develop and thats when I'd prefer to judge.
   Im not sure the token dollar price has suffered similarly, it seems that price is mostly the same maybe up slightly.   Its not been good performance especially and I think its still developing selling now is jumping the gun, I dont intent to react and sell now because I think that only gains me more BTC and I lose benefits I use everyday.
  BTC price for this month by the way I believe is quite possibly pulling back a bit to 32k area and a weekly average there, still bullish just not Mack truck momentum.  Fits my more modest bets so I might be ok this time depends on the time factor pay.

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use all at once when you collect a decent amount of them?
I keep a couple back now till I think the price is grounded and can rise a bit.  I didnt retain many till as I thought the price could rise so no purpose to holding during that time.   Ideally buy spins on the way down but not been confident of that, trend has been up.
1276  Economy / Speculation / Re: Bitcoin October Month Performance on: October 26, 2023, 07:57:55 PM
End of month will see us pull back to weekly average or about 32k I think.   Reasoning being we have an over extended flag formation, it could be bullish if it were compact and we were to continue upwards from here.   To briefly make formation at the top of a rise or flag pole then continue upwards, that very strong performance.  However we drift a little too much, people want to take some profit and hence price goes a little lower.
  More boring but the price action confirming 32k as a low remains quite bullish just not quite so fast in the gains as it powered us recently.
1277  Economy / Economics / Re: World Debt Clock by nations. on: October 25, 2023, 11:59:03 PM
I thought Norway had a national wealth fund rather then a national debt but perhaps they have both.   Apparently they have invested 70k for every citizen where as USA just has the debt of owing 70k per citizen though for sure every country has assets in its favor and USA has great commodity wealth. I think the country will be fine but the currency will not, you can see how much the interest payment already rose and there is no benefit returned unlike various spending programs which form part of the GDP.

Quote
special case because USD is still considered the world's reserve currency
Before that it was GBP also very special case as an empire easily the worlds reserve currency, highly held in reserve and it failed over some decades to keep that value and we moved on to the next special case.   USA was 50% of the worlds trade when it became the reserve, nobody can take over in that fashion so I dont know who'd be the reserve next.
1278  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: October 25, 2023, 08:22:32 PM
Asking for a full prediction would be industrial usage and they probably dont want people to do that even if it could be done with zero further work required.  I bet its possible but we'd have to guess on the accuracy of it all, perhaps that does not even matter so long as the machine can self examine the results and reasoning to then improve future bets.    I dont reckon AI is quite that good in terms of self improvement.
  Easiest way to get an answer from AI is ask for a story but then it might just say anything.
1279  Economy / Speculation / Re: 2023 end game sentiment check on: October 25, 2023, 07:52:38 PM
I understand that the poll lacks options. There is not one for a moderate price increase, as I think it will happen, say between 35 and 50K. That it is not there and that ATH's option is there before the end of the year seems like a joke.


35 k is sideways and 50k is up.  Both are there but I would like you to pick which you expect more.

50k is +47% increase over todays price so thats an aspirational estimate & would be the first option vote imo.   Its not sideways and its not down so thats my logic that just one of those three directions is enough for a very rough sentiment poll.     If we get 50k year end and 70k for new ATH in Jan it'd still be in before the Chinese new year, Im not going to exclude that scenario.  Hopefully you get this isnt precise, 50k is up alot so vote up.   Im sure I can find a wiki for why polling often biases results seen.

  None of us truly know what happens next, its all a degree of probability and confidence levels on those estimates.  I made it simple like a fence dividing a flock, less choices adds clarity & it makes the poll result clearer.  Simple up down, stay is all I think a few months deserves but I'll enter in any poll option if you request  presuming thats possible to do.
  ATH or more is quite possible, Im going off what we did in 2017 and I didnt expect but way back at start of 2017 I knew the market was likely to be positive from how it was acting with its most negative prices of that year but to boil over and hit such a high level of froth was a surprise to everyone.

  20x price lows in 2023  if we were to repeat BTC history would mean $331,000 by year end;  I really dont think so but Im not going to say never either.   I believe extremes will always be possible with BTC as supply is not expandable the contrast to dollar is wider then the grand canyon hence the price dynamics, pressure builds fast with demand.  Whats driving demand now I dont know.  Equally if someone wants to say 10k I would write it in, I'd like to know why also.
1280  Other / Off-topic / Re: Do you gamble because you don't have sufficient money? on: October 25, 2023, 07:31:35 PM
The OP argument and reasoning best applies to lotteries especially the really large ones.    I have no other way to win those giant prizes, even a multibet I dont expect to win and I doubt I would get to the same reward as a lottery gives.  If we examine the profit, risk and profitability on either bet I reckon still the sports multibet is the smarter choice but also its alot more involved and lottery tickets all I have to do is put down small cash and big hopes.  I'll never win the lottery but someone has to and every person can dream hence the product is probably far more profitable then alot of other betting offered.
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