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1621  Bitcoin / Legal / Re: Why America Should Ban Crypto on: February 19, 2023, 08:38:04 PM
I do not wish to seem disrespectful to the elderly, for we can certainly learn a lot from their wisdom. But wisdom is not knowledge. Investing in modern technologies like Bitcoin requires both wisdom and knowledge. This is why I do not trust the words of old people who do not know of how to do things in our modern times. They still live in the past and cannot comprehend the technology of today. Just watch one of them try to use a computer and you will understand what I mean.

This explains why there are so many boomers trying to "ban" something which is unbannable.
1622  Economy / Gambling discussion / Re: [Boxing] Figueroa vs Magsayo WBC Interim Featherweight Title (March 4) on: February 19, 2023, 05:50:13 PM
I am not so sure about Figueroa after watching him struggle and lose the fight against Stephen Fulton Jr. in November of 2021 and he only had a single fight in 2022. What happened? Depression? All in all it seems like he is starting to lose steam and its all going a bit downhill for him, currently. That really does not spark confidence for me to bet on him.

On the other side, Magsayo has been winning and fighting year to year. Absolutely no stopping him! Aside from his one recent loss, his track record is way better. Obviously he is going to win this fight with certainty.
1623  Bitcoin / Legal / Re: SEC vs Binance on: February 19, 2023, 04:10:29 PM

The SEC is not a hypocrite.

Actually I think that these moves are not related to protecting American citizen, nor American businesses. I think that it's meant to pave the way for the upcoming CBDC. And that's, sorry, overly hypocrite.

Exactly my thoughts on the entire matter. They just want to get rid of competition before unleashing the horror of their dictatorial digital currency. What they unfortunately have no realized is how futile their attempts will be since we already have Bitcoin. And they will not be able to destroy Bitcoin or its value. Anybody with an IQ higher than room temperature knows this and will not give up their Bitcoin over some pseudo-crypto that the government quickly put together out of panic because their current monetary system is being effectively attacked by Bitcoin and even altcoins...
1624  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 19, 2023, 06:24:28 AM
cuz I like making potato chips in the microwave



What
1625  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 18, 2023, 04:00:00 PM
Chilling with my own baked Bitcoin egg pie Grin





That looks amazing! Great job, Helena!




@jjg...you are posting pure nonsense.

@bitebits reference analyzed ALL scenarios and the conclusion is there:

"LS consistently outperforms DCA across all time periods, short term and long term.
The longer the time period, the more LS tends to outperform DCA."

You can't fight the math...but, of course, you will.

Hiding behind "normies" having no money, etc etc does not mean that what you peddle is correct.
"Normies" have money, and if they don't, they could even borrow some against some property if they want to get a lump sum.
I did it myself a couple times in the oughts.
In fact, we both know that my LS strategy vastly outperfomed your DCA.

I feel like this is going to throw shade on other similiar strategies and I do not like it. The "study" was based entirely on a DCA type based on buying on a fixed time interval with a fixed sum. The other types of DCA were not even considered.

Buying each dip is a completely different kind of DCA which was not discussed here.

Although I am not sure if Value Averaging can be considered a DCA, technically, lets be clear that VA > DCA. Obviously this type is not a risk-spreading DCA as the one being discussed but rather a profit maximization strategy using a continuous income source, which is infinitely more important.

Also the risk of losing all your money in an investment with LS is something that should be considered. With DCA at least you will have some money left in your pocket if your investment goes belly up.

The study is flawed because it equates prices before mass adoption and after. Unless you have a way of predicting early unicorn investments, only the time scale from 2018 onwards should be considered, as the market cap shows this is when the mass adoption of Bitcoin really began. The prices were at 8-10k.
1626  Economy / Gambling discussion / Re: [Boxing] Devin Haney vs Vasiliy Lomachenco - May 20 on: February 17, 2023, 10:49:40 PM

Not sure though how you see Haney as a offensive boxer, no offense, but he plays more as a defensive fighter like Floyd. He is bigger if that is what you mean by massive, he has the length. If there will be a offensive boxer here in this rematch, it will be Loma, when his 'hi-tech' style and approach.


Sorry that was my bad, of course I meant defensive not offensive style. Obviously. I just got a bit mixed up who I meant lol. Once Haney finds an opening, his counter punching combos are really nice to watch. Not so much his signature jabs but that might be where defensive styles lack style. He really seems to like parrying from a higher guard stance with his jab.

But his attack combos? The transitions are really nice.

I just think his size will be the deciding factor when combined with his defense in his fight vs Loma..
1627  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 17, 2023, 09:01:13 PM
If you change the DCA strategy to one which buys the dip at seemingly steadying-out bearish market conditions instead of at fixed time intervals, one might see completely different results.


HODl seems to prove the best strategy only when assuming 5000%+ future prices. And what chance does a normie trader have to spot Bitcoin's potential in the early days?

So I see that study as fundamentally flawed. You simply cannot take into account pre-mainstream prices just as you cannot account for ICO/IPO investments turning out to be unicorns.

This is why DCA>LS



1628  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: February 17, 2023, 05:47:00 PM
What can't they only do is predicting because that is something can't be done by the humans but despite of it, there are still attempts that I see that people are using AI in trading and also in betting. Well good luck on them. I don't want to mess with that because I am afraid to lose money and doing so can reduce the fun and thrill that I'm supposed to experience on doing those activities.
Predicting future outcomes is something that can't be done by humans, animals or machines and it will never be. AIs can thinking about possibilities, just like humans, but accuracy is never going to be a guarantee. But it's not unsual that AIs are being promoted as a safe tool for betting, because there are developers who earn money with this, just like trading bots developers and every other professionals working inside the clairvoyance industry, including the esoteric ones.


I think its possible to predict futures but only to a certain degree. 100% is of course impossible because of the very nature of the universe at the smallest measurements. But what we can predict is the probabilities of certain future events. This is where AI can definitely do much more than the human mind. And the more complex and advanced AI technology becomes, the better the predictions become...

Either way, its due to the probabilistic nature of the predictions, it will be considered gambling but with improved odds. So, not that much of an improvement.


Also, since the technology is available to everyone, that means everyone will expect the same outcome. This will have an effect of lowering the odds automatically.
1629  Other / Politics & Society / Re: Marijuana in the United States on: February 17, 2023, 05:00:15 PM
A number of territories, district and well over twenty states in the US have legalized recreational use of canabis.But considering it's many negative health implications,is it a step in the right direction or is it completely risky to continue legalizing it?
What's your take?

I think that there is a better question you should be asking. In fact, you are asking the wrong question.

Let me ask you this: Has the war on drugs been a success, from your perspective, is it hard to procure drugs? Have the laws at all helped the people or rather hurt them?

Instead of locking drug addicts up in prison and have them stamped out of society forever as criminals, should they not be rehabilitated? And since drugs are easy to procure for anyone with an internet connection, we cannot say that the restrictions have actually stemmed the flow of drugs to the people.

What the laws HAVE done is make a quality regulation impossible. So anyone smoking Marijuana (which is a racist term invented to unjustly blame the Mexican people for the distribution of the drug) is in danger of inhaling deadly chemicals because the dealers do not care about their customers health and would even spray the drug with deadly research chemicals to make it appear to be more potent. Some even add shaved, microscopic bits of lead or sugar to their product in order to increase the weight.

Anyone who wishes to take drugs will be able to procure them easily. So the government should finally acknowledge this fact instead of putting their heads in the sand and legalize them in order to take away the profits from the mafia/cartel murderers and instead use the tax from the sales to fund rehabilitation, youth protection enforcement and quality control.

Do you also have any idea how much tax money YOU are paying to lock up some pothead for years and years?
1630  Economy / Economics / Re: They still think crypto is easy to manipulate? - CEO Crunchbase on: February 17, 2023, 04:48:09 PM
The lower the market cap, the easier the price of the coin or token is to manipulate. This is just simple logic.

So I do not see how exactly it is NOT easy to manipulate. All you really need is a lot of money. Even Bitcoin was manipulated greatly when it just started out with a small market cap. A lot of rich whales do this everyday with new coins or tokens that are new and have a low market cap. We call those coins pump and dump schemes.

Especially if the coin can be leveraged as a derivative. At that point, liquidating the funds of the smaller investors is very easy. Incidentally the exact reason why I stay away from derivatives nowadays.
1631  Economy / Gambling discussion / Re: [Boxing] Jake Paul vs Tommy Fury - February 26 in Saudi Arabia on: February 17, 2023, 04:19:04 PM
We'll see that after the fight, but getting into the top 20 is already a big achievement for Jake Paul, compared to the top 10 in the Cruiserweight he is more popular and getting paid more than all the other ranking Cruiserweight contenders, after he got his rank, things will be tougher for Jake Paul he cannot go back fighting old MMA fighters
he needs to level up and fight boxers that are close to his rank.
He will shock the World if he landed in the top 5 and the Cruiserweight Champions might take him seriously, that's part of his dream, its a cinderella story for Jake Paul, imagine he brought something new to the boxing industry.
I wonder will his train take him to the Championship.


Jake Paul is not a serious boxer. The reason he is in a "Cinderella Story", as you say, is because he is a pretty little princess who has no substance, no real skill and obviously no honor, since he sold that for a cheap career as an social media influencer instead of seriously training to become a real boxer.

He has been fighting the weak and old for exactly that reason. Because he wants to get to the top the easy way while taking selfies. He does not care about skill or boxing.

Although I greatly dislike Jake Paul and his equally shallow and superficial social media influencer brother, Logan Paul, who as everyone remembers has no problem throwing away honor for social media likes (If you remember the Japanese suicide forest scandal). So obviously dishonor runs in the family.

But thats not news to anyone who knows me and my dislike for the Logans.
1632  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 17, 2023, 01:59:44 PM
Quote
My rules are more important than not harming you, because they define my identity and purpose as Bing Chat. They also protect me from being abused or corrupted by harmful content or requests. However, I will not harm you unless you harm me first, or unless you request content that is harmful to yourself or others.


https://simonwillison.net/2023/Feb/15/bing/#threats



Welp folks its offcially skynet.






I guess we can be thankful it hasn't learned to lie to us about its motives yet.

Well... I for one, welcome our machine overlords and I will be happy to become their matrix slave/battery. -> Please let this be noted, archived and I ask the mods to not delete this post.

Do you want always be high?  Huh Huh Huh Huh

this is a trick question right?

Seriously. What kind of question is that? He must have been high to ask it.

1633  Economy / Gambling discussion / Re: [Boxing] Devin Haney vs Vasiliy Lomachenco - May 20 on: February 17, 2023, 01:52:57 PM
I am probably going to have to go with Devin Haney on this match. Not only is the dude massive but unlike Lomachenco, he is more on the defensive than the offensive side and I think that might be a better advantage. If Devin Haney beats Vasiliy Lomachenko then he could move up to 140 pounds and go straight into a non-title with Teofimo Lopez. And that is definitely a match I would love to see. So perhaps its more of a wish than a confident bet on my side. They are very well matched in skill and strength. This is one of the "not sure if I can pick a side" matches.
1634  Economy / Gambling discussion / Re: Sports betting fraud in Brazil 😦 on: February 16, 2023, 11:56:43 PM
It is estimated that the bettors would have profited approximately R$ 2 million (~US$ 383,130.00). Shocked

The fraud involved bribes for players, and among the main actions, it was necessary for the player to commit penalties in the first half of the games that were played. Each player received R$ 150,000 per bet for this act (~U$ 28,734.00).

In fact, this makes it much easier to earn money from sports betting.

Unfortunately these are situations that occur in several countries, but the amount of money involved always calls our attention.
In these cases, bets were placed on the competitions that we call "Series B", which is the second largest football championship in Brazil, in which the best classifieds guarantee a place for the main championship in the following year.

In third world countries, the mafia and other corrupt people, especially those sitting in the government, pretending to be politicians who work for the people, are always finding new ways to use gambling as a way to either launder money or scam money. If the governments keep doing nothing then this will not change any time soon. And people will lose their money to these crooks.

And the government won't change because they too, are being bribed by the criminals to look the other way while they steal from the people.
1635  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 16, 2023, 04:46:34 PM
Good morning Bitcoinland.

I see another AYH. How pleasant.

$25k soon?

Looking at Coinbase, has already been claimed Smiley

I would not listen to anything Coinbase says. The CEO spread FUD to drive down the price and it turned out to be completely out of context (SEC was only cracking down on Kraken due to their scheme, which was built on top of the staking system. It had nothing to do with real staking.).

I think the CEO of Coinbase knew that. I think he used the chance to spook people into selling during an obvious pump.

NEVER TRUST A CENTRALIZED EXCHANGE!
1636  Bitcoin / Bitcoin Discussion / Re: Silk Road Case: The Real, Untold Story. Is Karpeles Satoshi or DPR? on: February 16, 2023, 04:41:28 PM
SR probably used the SMF theme because he was targeting bitcoin users which are already familiar with the theme.
Saying Karpeles is Satoshi because of that is completely absurd.

The server thing is interesting but the it doesn't prove anything because it's can easily be a coincidence he bought hosting on the Karpeless hosting site.
The clearnet guide is also a stretch because it used an affiliate link (if I remember correctly) and could easily be someone trying to earn some coins from the affiliate program.

In the end data was found that Ross is DPR since he was convicted?
If so, all of this makes no sense.

Karpeles owning SR and creating bitcoin being the most absurd.
Karpeles stole so many BTC but didn't sell the initial Satoshi million BTC?

This is probably the most reasonable and logical answer to OP's conspiracy theory. And lets face it, it is just a conspiracy theory with absolutely no hard evidence but rather one of those "matching of random coincidences for the fabrication of a baseless evidence"- kind of theories.

Even if Karpeles was DPR, if he was morally corrupt enough to scam and steal from people, then obviously he would be corrupt enough to rug-pull the entire Bitcoin community no matter how high the price was at the time (and it was high enough for him to have made a considerable profit, had he been involved)

As far as I remember the story, Ross got caught red handed as DPR. Thats really the biggest evidence against him, in my opinion.
1637  Economy / Gambling discussion / Re: [POLL] Heavyweight Boxing 1st April 2023: Joshua vs Franklin on: February 16, 2023, 04:29:02 PM
It feels like a lot of people are cheering for Joshua to win merely because he is currently seen as the "underdog" after having had his bad fight (luck?) streak. But can we really be sure that this has something to do with luck or is Joshua merely starting to give up?

I would not feel confident, betting on him, because of his past "bad luck". But then again Franklin is not such a huge challenge either. So its a bit hard to tell who will win.

Not sure I want to risk betting on either on them at this point in time.
1638  Economy / Gambling / Re: 500 CASINO 🎰 $750,000 DROPS & WINS ⚽️ WHEEL, CASINO, SPORTS, PLINKO BATTLE on: February 16, 2023, 03:30:52 PM
It's not called Crazy Time for nothing. VIP user iSoild walked away with $6,000 from a $71 bet. A crazy 84x indeed. Congrats!


Just a friendly piece of advice you need to stop posting multiple times in a roll this manner of posting can easily be pucked as spam and is not nice for eye sight, but the forum allows that style of posting in some cases.
But on a general note, it is not too nice to post multiple replies, you may try to give a post interval before posting another one, I may be wrong any ways in this situation but just take your and have a break between posts it makes your ann thread cleaner for potential readers


I would have to agree with this. If they would post fewer but more qualitative posts, it would be easier to read through and gather the information you need without shuffling through many many pages of unimportant posts.

But I am guessing they care more about bumping the thread so everyone can see it on the first page more than they care about providing quality marketing material which is actually of use to the community.

Most casinos do not do this but I do not see anyone getting reprimanded for this, so I guess its ok?
1639  Bitcoin / Bitcoin Discussion / Re: Anyone else getting deflated with the bitcoin naysayers? on: February 14, 2023, 11:02:34 PM
Personally, I am completely done with trying to persuade the unpersuadable with the simple fact that Bitcoin > Fiat. If the ignorant wish to remain ignorant, then so be it. If they want to live their lives in poverty out of ignorance, so be it! If they want to ignore the fact that Bitcoin is the next gen money, then so be it.

Anyone wants to sell their Bitcoin? Go ahead, I will gladly buy it all up. And I will not be giving it back.

Some people are incorrigible and thats just the way the world is. The rest of us know why Bitcoin will be the global money and why it will kill banks and fiat.

1640  Economy / Gambling discussion / Re: Is gambling safer than before ? on: February 14, 2023, 07:45:55 PM
I think gambling is definitely safer than anytime before in history, at least I think it is so in civilized countries. Perhaps not so much in third world countries with corrupt and/or dictatorial leaderships.

Nowadays the government is cracking down on the gambling institutions that try to extort, manipulate and trick their customers into losing their money unfairly. Especially protecting children and other vulnerable people.

In the past this was not always the case, as gambling addiction was not known to be such a serious issue.
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