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1661  Economy / Economics / Re: 12% of First-Time Homebuyers Say Selling Crypto Helped Save for Down Payment on: January 12, 2022, 05:41:23 AM
Makes perfect sense if you think of it. Typically, first home buyers are young people, depending on the country, it can from 20 to 30 years old, perhaps more in some places. This is mostly a profile in which at least 12% of people would have some crypto even in the early stages. It is a quite interesting fact still, as it depicts how a deflationary asset is used for only the things that actually matter most to people and on which it makes sense to spend some of the holdings.
I think that the depending on the country is the biggest factor here, you can't easily buy homes or even a land of your own in some countries as it's very expensive, hopefully that can happen to me too with crypto because right now, it's around 1.5 bitcoin and I can already have a decent home and land of my own in my country. Totally makes sense especially if you're one of the early crypto adopters and you've hit a gold mine when the crypto that you've invested gave you an astronomical profit.
1662  Economy / Economics / Re: Euro zone inflation hit a new record high of 5% in December on: January 12, 2022, 04:56:06 AM
Time to buy more bitcoin!
I guess you're right. I have bought already mine when bitcoin dipped at 40k and so far, I do love the growth that my bitcoin has taken when the market price has gone back up again, don't plan to sell mine anytime soon, just accumulate more so I can enjoy bigger profits when bitcoin starts going up towards the moon again.
1663  Economy / Economics / Re: Peter McCormack: 'Bitcoin has WON the war on money'. Do you agree? on: January 12, 2022, 04:21:02 AM
If bitcoin resolves it's issues like network congestion, I would probably believe what McCormack says about it, I wouldn't believe it because bitcoin hasn't really been upscaled to a point where it's really a global market like fiat, what I mean by that is that everyone is using it and at the same time it can handle all of the incoming transactions without a hitch. On the other issue though, I don't think that bankers will sit idly while their rival financial tool is winning, pretty sure that they're going to be doing something about it.
1664  Economy / Gambling discussion / Re: Don't bet more than you can afford to lose. on: January 10, 2022, 06:18:52 AM
Not only the amount of salary will determine the amount of gambling that should be play always, sometimes too target on a game can make one play any amount of a game, if the person is really sure and convinced that he can win the game he may decide to play with any amount.
Or better yet, you don't gamble at all if you're worrying how much your salary is because whenever that happens, it's mostly likely that you're not paid enough for your work so why spend it in gambling when you can probably do something more worthy with that money more than anything else.
1665  Economy / Gambling / Re: Stake.com suddenly banned my Account on: January 10, 2022, 05:47:06 AM
We don't know if you're telling the truth though, you can ask them to provide evidence that you are abusing the system and that you really are telling the truth because Stake is pretty reputable website although not one that's perfect, it's unlikely that they're going to blunder at a time like this.
1666  Economy / Gambling / Re: BC GAME and HASH GAME Scam wit full legit proof on: January 10, 2022, 04:53:43 AM
Can you provide some proofs of their scams though, and at the same time provide a website link for this gambling site that you're accusing, people in this board takes accusations seriously so it's best if there's a proof to help with your case because false allegations in this forum isn't as frowned upon.
1667  Economy / Gambling discussion / Re: Best gambling site in 2021 on: January 10, 2022, 04:16:11 AM
Hard to do this kind of thing, I mean there's not one site that doesn't have an issue so for me, it's really hard to find the right one or even the best one because I am strict in my criteria of the best one so for now, I don't have one in mind. There are some that I can say has a potential but I have to wait for awhile.
1668  Economy / Gambling / Re: VR online casinos? on: January 10, 2022, 03:34:02 AM
The technology is very nice nowadays. also gives users a nice experience and also the feeling that you are really in a casino. The software behind it seems to me that is very complicated. In this way you generate more customers than no VR casino. Perhaps a matter of taste. Many people are used to it, isn't VR something of the last few years? For sure it will open a complete new world.

It's not something new, I don't know much about VRchat but I am pretty sure that they probably did it a long time ago so I am pretty sure that it's not something new. VR has been around a long time, before it's commercial use, they have made it specifically for surgeons or doctors if I recall, to at the least simulate operations.
1669  Economy / Trading Discussion / Re: How to buy alts at the right time? on: January 09, 2022, 06:48:46 AM
For myself, I understand the crypto market in this way, any coin tends to fall in price and also rise in value. And in order to make a profit, you need to closely monitor the crypto market. And as soon as the price of a coin drops sharply, you immediately need to buy and wait for growth in order to sell. And not wait for very big growth. Namely, the profit will be obtained from small growth, but this profit is always constant.
You don't have to look at it closely, remember that a sharp drop will always be announced by your exchange if it ever happens, that's what happened to me so I can always catch up when an alt is going down. Also, it's worth mentioning that you might want to reserve a lot of money to buy alts so you don't have to sell your other investments just to get in when another one goes down.
1670  Economy / Speculation / Re: Who saw the Bear market coming? on: January 09, 2022, 04:33:07 AM
Probably create such a topic next time before the drop actually happened, not after. So you just wouldn't look like some Mr. hindsight who wants to look smart in an internet forum and calling people noobs.
Exactly, they're trying to bank on the current situation and say that things did go bad as they've expected. Pretty sure that OP is just fishing for attention or is trying to look cool in this forum to impress faceless individuals in the forum and hopefully gain their admiration but it sort of backfired.
1671  Economy / Speculation / Re: Will Bitcoin Price Enter the $30k Area? on: January 09, 2022, 03:53:37 AM
Looking at the long term RSI for both BTC and ETC which are below 20, I see a massive breakout building. This thing is going to go up at a very very fast pace soon....
That's why it's a high time for everyone of us to buy bitcoin right now and many other tokens if we want to join that pump that's going to happen and we don't know when will it happen so it's a really good thing to start getting in while the market is still on a steep drop. That's like buying a 1st Edition Alpha Black Lotus at almost half the SRP.
1672  Economy / Speculation / Re: Bitcoin to hit $100k? on: January 09, 2022, 03:17:31 AM
There's still that possibility, as if a steep drop is going to make things worse for bitcoin market to the point of not being able to recover. The market will eventually recover and I don't think that a 100k is an impossible thing to happen this year, we have 12 months to wait for it to happen.
1673  Economy / Speculation / Re: [POLL] Will Bitcoin dip below $40K? on: January 09, 2022, 02:36:46 AM
yes, just for the sake of checking the sentiments from people here .Smiley

i believe we will hit below 40k but it will bounce back. anyone can give their own predictions on this market. so there's no right or wrong answer here. and even if it will dip below 40k, still it is still way above the price level of btc just before the pandemic.
I do hope that you're right because that way, we can filter out whether we're going to see a lot of people back out, and I really want it to go down because I have some spare USD in my account that I can use to buy bitcoin and hopefully at a discount price because I want to get as much profit as possible.
1674  Economy / Speculation / Re: Elsavador President Predicting $100,000 Bitcoin price looks like another joke on: January 08, 2022, 04:41:30 AM
Why do people take the prediction seriously, where in the definition of prediction does it say that it has to be a fact? Pretty sure that it doesn't have that in the definition so I don't get why people are mad that it didn't reach that point which had been obvious that it won't when the bitcoin market was still red during Christmas. Hopefully, the people of El Salvador won't lose hope and hold on to the fact that bitcoin's going to go to 100k or even beyond that.
1675  Economy / Speculation / Re: are we going to have "fear" months? on: January 08, 2022, 03:28:17 AM
For a forum heavily populated with relentless Bitcoin bulls, we're surprisingly easily spooked.

Forget months, I hope that we'll get another 2014-16-style years-long depression. Miner's paradise. This time I'll keep most of it, I promise.
That's cause they're bulls, that's why they're easily spooked. I don't know why they're easily spooked though, especially those that have been in market for a long time already, kind of feels like there's not a lot of people that have learned to be patient and that this pace will be eventually outgrown because it's happened some time in the past.
1676  Economy / Economics / Re: Only 3 hedge funds outperformed the S&P in 2021 on: January 08, 2022, 02:30:51 AM
You don't have to look for a funds that will beat S&P though, pretty sure that you will be able to make more money doing index funds instead of looking for the right one, and it's not surprising that only a few could beat S&P because it's difficult for individual corporations and hedge funds to do that in the first place.
1677  Economy / Economics / Re: Life Insurance and Blockchain on: January 08, 2022, 01:52:51 AM
There has been the usual bluff and hype on using blockchain for insurance. In my view, there is no real added value of blockchain to the simple use of traditional databases and documents. Insurance is quite a legal stuff that has already an extensive fintech behind and there is not that much to be done. Why would you need a trustless network or have a distributed database that is actually expensive to maintain?

Any project on this should very clear explain how savings or benefits are achieved.
Totally agree, I think that the way that insurance companies cheat their clients of their money and not get the benefit of their insurance will still probably be present in the improved version of it, the only difference being digitized. So I totally agree with the reply by paxmao that it's no added value in changing it to blockchain.
1678  Economy / Economics / Re: Akon City.Is Wakanda the real world version? Can it help the African economy? on: January 08, 2022, 01:18:39 AM
Wakanda has a monopoly of vibranium which is a sought after metal by many countries for it's properties that's unique to it which means that Akon City has to have something that's unique to their city that they're the monopoly of it and given the development speed of the city, I don't think it's ever close to being called Wakanda.
1679  Economy / Trading Discussion / Re: We are looking for Bitcoin Angel Investors on: January 06, 2022, 05:00:04 AM
You're claim won't be taken seriously by many people because a smart and rational person would know that doubling your money is definitely not a real thing and it's too good to be true. Plus, angel investors are going to be a big problem because most of them are probably money launderers trying to clean their money.
1680  Economy / Reputation / Re: 'Not all 1xbit promoters are scammers' on: January 06, 2022, 04:26:40 AM
Yeah, but you are an enabler to a proven scammer so what's the difference? You're statement literally translates to " It's not my fault that I promote them even though they are a scammer." That's the only way around it, and don't try to twist it around. An enabler is as bad as the perpetrator.
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