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1601  Economy / Speculation / Re: Bitcoin 2024 halving less than 1 year away on: May 28, 2023, 11:26:48 PM
Fork is a duplication if in theory both paths continue separately, depends on the outcome but immediately it would seem to indicate weakness from those multiple paths in that blockchain rather then strength, a wider distribution rather then consolidation.  Halving is  a reduction in block reward and so a slowing in issuance, tightening though of this too can vary in effects seen and its also true after many prior halving of the block reward its no longer such a large change even though its repeated constantly.
  I was very bullish about POS in ETH because it is something new and widespread, I cant see why it cant work or would be any negative for users.   Im interested to see it progress.
1602  Economy / Speculation / Re: What will happen to the bitcoin rate if the global economy collapses in 2023? on: May 28, 2023, 10:59:10 PM
You can see part of the effects likely long term in todays action.   The debt ceiling has been raised and BTC reacted with a 4.6% gain from that agreement and movement against hard money really, though the words given are we are to restrict the spending on central government fiscal budgeting, so to the debt and the new currency issued that aids inflation; in sum we are going to keep seeing easy money weak currency and likely BTC gains that ongoing phenomena.
  Collapse and growth are part of a natural cycle, failure prevents the continuation of industry not profitable or required for society to progress.  Though people see the decline as negative, its also the pruning of less able business.   Inflation will allow the continuation of many things including inefficiency especially in government and currency value.
1603  Economy / Gambling discussion / Re: Crazy Sports Betting Idea on: May 28, 2023, 10:14:03 PM
You can bet on it because it also means they lost most of the games in that season so a bet for that already exists most likely.   It might be more profitable to just bet on the many games lost rather then just one bet on the manager being sacked because they wont always be or it will outside the time limit defined in that specific bet.
1604  Economy / Economics / Re: Deposits-in the bank or in gold? on: May 28, 2023, 09:11:43 PM
Gold is speculative but so is modern money and the interest given for money is lending to banks which already have no real need of your money because the currency is issued centrally mostly by a central bank policy biased towards loose monetary policy.  That is to say that interest will always be less then inflation in this modern era of virtual economics eclipsed by politics and deficit financing debt based fiscal policy spending.
   Capitalism is a system based around the strength of the common worker, the induvial not the massive entities we now know but when we issue endless new currency this is no longer a capitalist system.   Free market maybe but not for national currencies hence the idea or fear by the creator of BTC and amazing foresight that he could see a conflict from these artificial systems to a computer based non political system.
  If Satoshi and/or creators of BTC were correct in that extrapolation, a deposit with bank or vault for gold or currency will not ultimately be safe.   Central banks will not allow free competition to exist and this asset in paper or metal will not benefit the original workers and savers in their value saved.  How exactly events turn out and what time frame Ive really little idea, probably little is reflected on this in this decade imo.
1605  Economy / Speculation / Re: Bitcoin is on 30k how was your feelings ? on: May 28, 2023, 05:53:07 PM
Over many weekly bars of the last 3 years in a larger view we can there is good reason for 30k to be respected in volume and resistance.    Most recently we have also found the 200 weekly average on the lows but as a moving indicator its not support or resistance by itself just showing some momentum longer term.  We traded below that measure and have recovered some but those I think are fair boundaries to call out at the moment; range bound.
1606  Economy / Gambling discussion / Re: Do you prefer Original Slots or slots from 3rd party Slot providers? on: May 27, 2023, 11:58:10 PM
The story behind the slot design is alot of the character artwork and the music, I'll go with whichever is most comfortable to play over some hours as thats usually how long it takes to win or complete a cycle of loss and wins.  3rd party introduces alot of creative effort and a load of designs that wouldnt normally be available.
1607  Economy / Speculation / Re: Is the bull run near already? on: May 27, 2023, 11:44:10 PM
Last halvening people expected far more and it didnt occur, in fact we went down just before but a century level storm in the shape of the pandemic is enough reason for that occur.   We cannot say for sure when or what prices, its an answer with too many variables to say only predict within some framework.    If extreme events occur around that time it'll delay the positive effect, I think people count too much on this when block reward already did most of the drop off and so the tightening effect.  The overall cycle of speculation and build is probably greater influence and dollar itself with interest rates is more relevant imo.
1608  Economy / Speculation / Re: Just how bad is the bear demand right now on: May 27, 2023, 09:30:17 PM
I'd class it as about as extreme a sell as seen previously, we dipped below the 200 week average for quite a while which doesn't normally happen in a pullback.   So it was a sell off not normally seen in most years that BTC trades, definitely qualifies as a reset.  I thought we could go back to the 2019 prices but it didn't quite go that far, close enough really to qualify as in that area.
1609  Economy / Gambling discussion / Re: Have you been threaten to stop gambling on: May 27, 2023, 07:41:12 PM
If its your money I cant see why'd it be a problem, situation there is the marriage is shared finances.   I dont know about the threat but its quite possible the wife is reasonable in mentioning its too much money, the heavy handed ultimatum is really unfortunate way to discuss anything with anyone.   I'd certainly half  or more the amounts gambled if its threatening security of a relationship, or just stopping for some months if you cant stop obviously that'd be more of a concern.  I do think its unreasonable to never allow someone to play, also the snooping is pretty awful also.
1610  Economy / Gambling discussion / Re: ESports betting -CS:GO, DOTA 2, LOL, Valorant - Sportsbet.io discussion thread on: May 27, 2023, 07:08:13 PM
Apeks vs Monte right now is a 3 map match I'd guess.    They both did great in the major and are literally ranked next to each other.

s1mple had the capability to be in every major though he is younger but besides that his behavior when he was younger was way off the mark of what would have allowed him to be on any major team despite his skill.   So he had to progress to where he is now and is lucky he is even allowed, Swag another player of that early era is banned forever unfortunately; one of the greatest players I think he went to 2 majors total.
1611  Economy / Speculation / Re: Can Bitcoin be trusted? on: May 27, 2023, 12:38:40 AM
Its important to separate what we're talking about, price by itself is not something determined within the blockchain.  The price when its in dollars is heavily traded entirely outside of crypto markets, does BTC have to bare any responsibility for what price occurs in Chicago or anywhere else.    There is alot of volatility, this crash idea of course is out there but please separate it in your mind from the reliability of BTC itself.     Price and the asset or commodity itself are different dynamics to consider, prices for alot of things can be erratic.   The price of plain food recently has been hijacked and disrupted by wars and interference with large transportation from producers, do we say now that wheat or corn is a bad food because of this.   

Do be cautious but keep all seperate ideas in your consideration.
1612  Economy / Speculation / Re: FTX recovered $7.3B in Assets and is considering restarting! on: May 26, 2023, 11:43:39 PM
Every company is obliged mostly to their shareholders not to a CEO or anyone else or even a founder.  So it makes sense, they are almost required in a set path of actions to take to right the ship and put it back to working order (many are surprised thats at all possible); SBF must have known or been advised this was coming for him.   Personally he should go bankrupt and hand over everything he misdirected illegally certainly but even his legal pay is now likely forfeit considering the damage to the legal entity which is the FTX company.
   People he owes will be the government etc.  at this point he should be glad if he doesn't end up going the same place as Ms. Elizabeth Holmes for a long time.    Fraud ranks alongside bank robbery for the risk/reward payoff, just minus the violence perhaps but still as serious so far as I know.
1613  Economy / Speculation / Re: What will happen to the bitcoin rate if the global economy collapses in 2023? on: May 26, 2023, 10:55:44 PM
Inflation is already apparent which is undermining true growth by excessive monetary base expansion in Dollars and many other modern widespread currencies, notably Euro and YEN have massive over supply of government debt and the fall out of QE programs that have never rescinded correctly.   That does not equate to a global recession exactly but it will make people poorer with rising costs beyond their likely earnings.
   World GDP is likely to stay positive because we do have general expansion in large economies such as India and China with over a billion each, the majority of Indian population is under the age of 30.   I think the most likely occurrence is volatility and price instability, BTC is already a volatile price action market so we should already be forewarned this is quite possible now and in future.   I do not fear that so much but it is important that usage of BTC continues to improve,  the price itself I wont be as concerned about as its highly speculative.
1614  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: May 26, 2023, 08:52:50 PM
The RP bonus applied at the moment seems most generous almost the biggest bonus because its requiring no extra effort, just click every hour isnt much to ask of a free faucet.  I really never liked the various faucets over time that have required all sorts of hoops to jump through, I understand a ton of people try to game the system but it becomes tiresome quickly.  Inevitably I forget to visit those random faucets and the balance ends up lost (some cases it would have been a large amount in todays figures) or just the site is not popular from being so difficult so it stops operating altogether making the entire interest in the site a waste of time, here its all simple no hassle much appreciated in that basic respect.
    Every product is ideally maximum ease of use and popular across a range of people with varying depths of interest, I believe this is still something BTC itself needs to progress in and all the awkward parts to it need alot more polish imo for actual worldwide usage and popularity.   If one sector or product does not achieve ease of use we'll see someone else find greater success via establishing that path for the masses.  Economies of scale cant be underestimated in any capitalistic system which I would hope is true in crypto markets.
1615  Economy / Speculation / Re: Just how bad is the bear demand right now on: May 25, 2023, 11:07:48 PM
The definition of a trend is nothing so exact as 4 candlesticks going green, it could be far more elusive then that.  The important point is regular points on an observable trend line or similar, most simply the lowest prices seen should be ascending and also the highest price seen in a week or month would also regularly be higher.    We dont have that, its just in a range and sideways alot of the time so really hard to be taken apart and called as within either type of trend.   Consolidation is how'd I label this kind of market.
1616  Economy / Gambling / Re: Freebitco.in - FUN Token Investment Experiment on: May 25, 2023, 10:18:42 PM
We had BTC positive this year but the pace of gains now is not how I'd describe as run, more of a idle stroll chewing some grass maybe.   BTC always shows the possibility of large movements but its resolving back to zero or very little movement for many weeks now, so not really a run not really negative either.
  I do remember this price area because I wanted to buy here previously, the movement tailed off in this area and that was when it regained.   If I get another chance to buy into weakness that would be ideal, maybe a bad news day for markets in some way? I'll move up the tiers
1617  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: May 24, 2023, 11:55:55 PM
If you get the inverse win, 0001 should give you 13 sats as a minimum for the rest of the week.   It wont be a bonus for everyone though, some already have that much so as a joke that wouldnt work.  Maybe 113 sats, I forget what the maximum free roll can be built upto for the biggest players on scale.

Quote
but I haven't won the top two prizes yet.

You are due a win by the unholy laws of probability, say a prayer to Pascal every night before you sleep
1618  Economy / Speculation / Re: Herding cats on: May 24, 2023, 10:29:23 PM
So long as every step is higher then the last then its a bull run but we can take a couple months to go up in any noticeable way.   We've been waiting since March to do anything so we are more like sitting then running bulls or not :p

Recent action has been lower then the best BTC price action but its not declined regularly either, hence sitting down a bit resting I suppose is still ok.   Even with this news I wouldnt imagine its near to moving upwards, the chart I guess would give us a clue and it isnt presently.   I will however keep checking if we moving through any boundaries further down.

So just in a basic view, moving and staying above 26.5k would help the positive narrative develop but losing that bottom rung on the ladder about 25.8k would appear bad.   Im not bullish till we leave this area 27.6k broken, kept as a low; at present BTC is in slo mo mode  Undecided
1619  Economy / Speculation / Re: Wrong Predictions as price keep failing! on: May 23, 2023, 11:56:09 PM
Another day and its still not falling, it has fallen back but BTC and every price chart when look at will occasionally do that.  We get positive action, there is some sell and it pulls back and so it continues quite normally in this way; its not yet significant.  We're looking for something new and its yet to occur, all these prices since March 19th its still just moved about a bit up and down and back again but nothing new.
    Holding this higher area of BTC price compared to the first prices of the year has still put us in a positive area, it cant be viewed as acting negatively while doing nothing much at all.  Maybe next week or tomorrow we do move down but I dont like to jump the gun and presume the worst when theres no particular advantage in doing so.
1620  Economy / Gambling discussion / Re: do you lose on slots? on: May 23, 2023, 11:26:45 PM
85 year old Grandma knows where its at, experience beats enthusiasm.  Most people quit but clearly an 85 year old has the gravitas to know just how long it takes to win.   The slots have changed over the years some, its possible your grandma had benefited from seeing all the various aspects to the games.  The cycle theory to wins etc.   I've mentioned before one of the craftiest players I saw was a bar man who would hop on machines after people quit having put in alot of money but won little.  He no doubt considered it a job bonus, literally he is there for 12 hours a day and is forced to watch the full cycle of win/loss and I think this gives the perspective to win; my theory.
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