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1621  Economy / Economics / Re: Saving is Wasting? on: April 15, 2023, 10:33:50 PM
The whole point of QE is to make speculation and investment with greater bias, it was only supposed to be a temporary effect but what has happened so far is the QE is not reversed and cash loses some of its value forever.  In that respect your savings interest will always likely be below inflation however the cost of not staying liquid and being able to pay all bills is a greater consideration but unfortunately you will lose some of the cash value pretty much always.   
  The one alternative I've heard of is an inverse mortgage which is where you save by reducing the balance of your housing debt for your principal residence.  When you need to spend the cash you withdraw the cash back out and your mortgage balance goes back up.  In effect you gain more from reducing debt cost then by trying to gain anything from savings interest, very often this is the best strategy if a flexible bank is ok with this operation and liquidity availability.  I think businesses operate a bit like that with a credit facility which may not be used alot of the time but is used for stock when needed etc.
1622  Economy / Economics / Re: "Greedflation" has gone too far! on: April 15, 2023, 09:09:10 PM
Microsoft is issuing debt at very low cost to buy back their own shares, knowing in future years the money will be worth less and prices will be higher.  This is something a very large company has the luxury to do that people do not, the biggest beneficiaries of inflation are via government debt and the very largest operators in an economy.   Primary dealers of US treasury debt are literally a select list of those able to deal first hand in the issuance of new debt at par, since most debt is short term now that cycle is continual.  The advantage is given to companies and gov who may or may not pass it onto the normal population, we all lose naturally via holding and using currency which is constantly unable to hold its value.
   So it is a kind of greed, that term wouldn't be unrecognized by me though I was thinking more of corruption and exploitation of unsophisticated parts of an economy.    Some argue its the middle class that gets poorer, the poorest relatively benefit from cheap debt and gov able to fill its fiscal budget via that debt but I'd argue everyone is losing except the elite who will literally move countries, continents as and when its most fortuitous to do so.
1623  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: April 15, 2023, 02:29:48 PM
7000 tickets is a ton, thats not a cheap entry as such but his luck is still quite immense.  This isnt even one half of one percent chances to win, dude just did very well for themselves.

I've never seen the FUN bet odds reduce to plain 1.0x for the current 'on the money' bet.    I guess I'd rather bet we break the range and go up a bit then stay here, call it insurance even if we tend to actually stay still most months.   Maybe it will get more interesting when we start a trend of appreciation and/or change.
1624  Economy / Speculation / Re: What is your take on the pump coming? on: April 14, 2023, 11:58:47 PM
Think people are jumping the gun slightly, consider where we started this leg and the fairly consistent rises since YTD.   Nows the time it trims off some, pulls back & loses some doubters (those leveraged speculators etc.) and trades down into support until confirming any sales are not especially with volume.   How far it might pullback I dont know but I find that scenario far more likely then the move directly to 60k, theres more detail to movement then purely the target.
   60k can happen I just argue it will require more of an argument many times over, I think so many disagreements on price occur we do not see ATH this year; its a little too soon or rushed to do so imo.
1625  Economy / Economics / Re: Is it true that 80% of the world's wealth in the hands of 20%? on: April 14, 2023, 11:51:30 PM
Thats nonsense logic then because a rich country can export its requirement for labor in a variety of ways.  If that wasnt possible Japan with its drastic loss of working population would have hit the buffers hard a long time ago.  Governments dont benefit from poor people especially but of course society can be made increasingly unequal and commodity wealth is easier to divert then general productive capacity so that type of economy can be a kind of curse to a country.  Most modern economies there is no harm or disadvantage for anyone if every section of society is better off and well educated, healthy etc.
1626  Economy / Speculation / Re: Can we experience $80k this year? on: April 14, 2023, 10:59:28 PM
Im looking at the chart right now and day to day its bullish, its confirming above the 30k mark though round numbers are a fallacy to be sure.
  So we passed the lows of 2021 which is good and also that was the initial pullback of first ignition in the lasts of  2020 so a significant place.   However I think the lows of 2022 are probably a better measure and where the market will adjust comparative to other assets most likely.   Every time frame has its own dynamic and weighting among the others.
1627  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: April 14, 2023, 07:51:57 PM
Your friend might think its easy because of the house rules and bias but the biggest and easiest thing to spot missing from any average person itinerary is capital.  You cant run a casino demanding a massive amount of payouts daily without alot of capital to do so and sometimes the players will win and its not profitable on that day or the next maybe the whole week so thats a loss that company must be able to handle or it cant be operating.
  So cashflow is probably a really big deal to it all and most of us have nothing close to required cashflow to operate even a small operation then add in all the hassle of operating any website with a withdraw button and the trouble it can invite its actually a big job, I couldn't ever say its easy tbh.   I think it used to be operating only in crypto was a simpler time because you didnt need the banks and all that hassle and costs to processing people but I guess even that is not so simple now.

1628  Economy / Gambling discussion / Re: Jake Paul Vs Nate Diaz boxing Aug 5th on Dazn PPV on: April 13, 2023, 11:59:17 PM
Nothing wrong with 37, still in his prime as far as beating somebody like Jake Paul is concerned.  Nate Diaz will be as capable at 37 maybe more so for the experience over his career in beating somebody relatively loose like Jake Paul.   Really anyone with good practiced technique and at their best fitness should be beating Jake Paul if they really want to, some of these fights they are just collecting a pay packet for turning up on the night.
1629  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: April 13, 2023, 11:52:18 PM
Theres always a chance, 2 tickets will always be twice the chances of just 1 ticket but from there it gets harder to improve as easily I figure.  Cant win it if not entered at all but I dont expect to win at all though its nice there is always a tiny chance like a meteor landing in sight or something Tongue   With this many total tickets over 1.8 mil, as a percentage I would guess hundreds of tickets is the first moment I might consider a win as feasible possibility.   Lower then that and its a real dream to have the luck land on you with so few.  
1630  Economy / Speculation / Re: 30k Bitch!!! on: April 13, 2023, 11:41:18 PM
I thought Buffet was more of a counter to crypto and extreme in his criticism.  Considering its just technology and plainly works just fine its surprising how negative he is.  Schiff says its a few hundred of worth but acknowledging at all its dependable for some simple value exchange says enough for me, no point arguing past that as every price in every commodity is variable and debatable anyway.
1631  Economy / Speculation / Re: Bitcoin 2022 bear market? on: April 13, 2023, 11:00:50 PM
The time to be negative on BTC is when everyone else is positive, we have had alot of positive movement since the beginning of this year but we are not yet at peak optimism.  I think its approaching and we have a double band of possible resistance.   Current pricing just passed is the lower band and as we approach the next area of possible resistance thats where I think its most fortuitous to become negative for a period of time.  Not likely this whole year like 2022 was, but at least some parts of 2023 it will be worth viewing negatively while we pullback after gains obviously people will take profits along the way even we do record a green bar for 2023.
1632  Economy / Speculation / Re: If history repeats itself: 2023 vs 2019 on: April 12, 2023, 10:09:35 PM
It wont go upto as far as 40k this month, I believe if we refer back to prior lows on the weekly chart each bar in most months of 2022 aligns with a price in the mid 30's.  That sudden appearance of prior volume should be enough to hit the buffers for this particular run up in price action for BTC.
   If anything if we were to move too far past that point it'd halt there and retreat downwards more violently I think.  Better to run in loops of a predictable orbit that doesnt throw off too many people, not too erratic or volatile that it roughs up traders with sudden changes in price like harsh Monday sells etc.
1633  Economy / Speculation / Re: Bitcoin Recent Price on: April 11, 2023, 11:59:44 PM
Generally apprehension vs rate rises and potential recession, collapse with all sorts of long term fallout effects from the epidemic have retreated.  One of the largest effects of inflation is loose monetary standard which is bad overall but good for alternatives to Dollar most likely.   Its bad for the economy because people are not paid properly, the price certainty of some goods is disrupted and so it will impede business done and efficiency generally can fall.   It does mean debt is cheaper to service which is why government continually implements policies which bring about inflation.

  BTC will rise along with alot of alternatives to Dollar so long as the Dollar continues to lose value and its a valid alternative, it encourages greater usage.  We still have high volatility but the swings in sentiment can take us all the way back to the ATH price for sure.  I dont think that full range of movement occurs this year entirely but it was never impossible for a recovery. The main concern for BTC is the usability not its pricing which is speculative.  There is always a higher and a lower estimate for future BTC pricing, one is a speculative hyped line this is parallel to the base price for BTC which is more about usage and rising population of potential and actual users; all of that has improved I believe despite the 2022 pullback.
1634  Economy / Services / Re: Hiring Voice Over Artist For YouTube Videos on: April 11, 2023, 11:47:16 PM
Globally wages vary alot, that might be part of the reason why.   But you could also argue success would bring more wages surely, I think thats the largest part of why; it would certainly seem very unfair if greater wages later were not a possibility etc.

Years ago I got offered some work for quite a small amount but because of how BTC has grown, if I had taken that job I could buy a house with it now. Obviously I wish I persevered with the work, put time aside etc.   depends how much time people have spare for some its valid experience to take a job at least to begin with.
1635  Economy / Speculation / Re: 30k Bitch!!! on: April 11, 2023, 08:43:32 PM
If it can do 30k it can go higher, there's no special volume at this level.  34k is my personal estimate for range top to present action, would be good to see it go the distance on this particular lap.  We will need to pullback at some point to consolidate and confirm basically.
   Schiff estimates BTC should be in the hundreds as it has and always will have some base level of interest.   By his own words he knows Dollar is falling apart at the seams, he never stops mentioning that yet he wont accept that BTC could be part of what appears in a modern world as some alternative to traditional FIAT.  He is lacking technology experience or vision of how many people engage with a world economy for some their only engagement with a wider world would be via a mobile device.   If they dont even read a newspaper but they do have access to BTC and ways to utilize this as a tool in their lives why presume gold is the only path.   Doesnt really add up to only believe in one thing.
1636  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: April 11, 2023, 12:24:37 AM
I wouldnt know if they are my kind of car, I've never driven or owned one.  Barely been able to look at one if we're honest, to estimate actually ownage and feel when driving is nearly impossible and I would have to drive like Miss Daisy for about a year not to crash it most likely; its all small roads where I live and both marques are wide cars best placed on a proper track imo.

If you are building one as might be most sensible then the best route in this time is to recognize the future is now.  Take a classic car with shot engine and requiring significant repair [de tomaso pantera, DeLorean ali chassis etc.], modernize the workings to ev standards maintain the shell for a proper look and use a crash car recovered battery to save some money.   You can get old standard supercar performance for maybe 30k in parts if you are careful.  I know some companies are doing this, I think its smart going forward if you are wanting custom that is.

Quote
crazy waiting periods for the car
Definitely a factor but what time frame is delivery for a win here set for, wouldnt the delay be equal to anywhere else.
1637  Economy / Speculation / Re: Bitcoin breaking the biggest limit since match price push on: April 10, 2023, 11:47:57 PM
The majority of it is perception, nothing is absolutely accurate but people fear a central bank as big as the Federal reserve and the sharp effect that Dollar as a global reserve currency can have.   Add in greed and leverage and its distortion to whatever is already a clouded view.   Statistics are of variable accuracy and bias, the measure and actions of the FED and Dollar itself are variable, in fact economies exist far outside of measurement and official currency flows.  Like the world at large overall, we do not see everything that matters so quite a large part is perception and fears vs hopes and attempts to profit.
  We'll continue to have inflation and dollar will lose value, the rate hikes are just an attempt to slow the roll of volatility but they cant cap it at this point imo.  BTC will continue to advance, it will move slower then some might want but its probably more important that development and price also is justified by actual gains not speculation especially on leverage.

I dont think they will want to cut rates this year though Im surprised they were able to raise this much . US treasury debt has been short dated in its average term last I checked which could be dangerous in its rate of change, cost of interest fiscally.

34k for BTC is top price for its ability to move before greater resistance.  It might be able to move further then that but would require more volume in order to do so, presumably that will take more time and development.  We dont move in straight lines normally.
1638  Other / Off-topic / Re: Prepare for the life when you get old on: April 10, 2023, 09:07:52 PM
I heard an old phrase once about saving for retirement, it requires a worker to save at least 1 or more gold coins for every year they have worked.  This is in order that no matter the currency that might exist in 50 years times after you start work you will still have the gold which does not rust, degrade or devalue especially over decades.  If you do not have this minimum in addition to pension or other ideas of saving like a house for example then expect to struggle with issues like inflation which are not new and can be expected to always arrive in time for old age.
1639  Economy / Speculation / Re: Bear market likely over? on: April 10, 2023, 07:13:13 AM
Bearish trend down ended with the price action outlasting the 2022 trend, it was quite slow and went sideways more then anything.  Even with a bullish trend I do think pullback of 20% or more is quite possible and does not negate the overall move.  So even as far as moving down to 20k now would still not be negative enough to wipe out the previous good work done since the low of 2022.   Strangely we are not pulling back at all, I almost feel more comfortable if we do trade to a lower price before recovering any losses and then trading higher through resistance but we'll see how it develops when volume returns after many bank holidays are cleared in various countries etc.
1640  Economy / Gambling discussion / Re: Martingale strategy in casinos on: April 09, 2023, 11:08:02 PM
I dont know why'd you use this strat for any fun experience, it ramps up risk and on the serious side I dont think it delivers any great advantages or statistically justifiable results in profits seen etc.   Its kinda like being really bored and deciding russian roulette is an exciting game, theres better choices; use really small amounts if you do test this imo. 
 I have read one person saying it worked for them long term but I think he must have been talking about ramping up his figures for the bonuses given and it helped him with a positive bias that way.  
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