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1721  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is not an inflation hedge in first place on: July 03, 2022, 06:01:56 AM
I don't know what Satohi Nakamoto was thinking back in 2008, but I assume that Bitcoin's scarcity and the total 21M limit was supposed to be a "inflation protection" mechanism. Unfortunately, this "inflation protection" mechanism makes the Bitcoin price really volatile.
I agree that the number one purpose of Bitcoin was to be censorship resistant and out of the control from the central banks, governments and corporations. BTC successfully serves this purpose, but the majority of the people don't care about this. They care about making more money and having more food in their fridges. I'm still a little bit skeptical about the Lightning Network and it's ability to solve the scaling problem.
I also don't agree that the underdeveloped countries use BTC as money. It seems like generalization to me. People in the underdeveloped countries can also use BTC as an investment.
1722  Economy / Gambling / Re: Rocketpot.io refusing to pay out 170k win on: July 01, 2022, 06:31:15 AM
I don't think I've heard of them before and they've not been mentioned on the forum much?

They have been in this community before,  Rocketpot.io Signature Campaign(CLOSED). But it was 3 years ago, so we really don't know what happen to them, but it seems they are inactive in this community. Their official account is here:  TheRocketman is also not active, which make some of our suspicions that they might respond to the allegations.

I was a member of that sig campaign back in 2019 for a week or two and I remember that I created an account there, but the website was really slow and my browser kept crashing. The overall experience wasn't great, but at least they paid me my earnings.
Anyway, this sounds like the typical "I've made a lot of money, but the casino won't give them to me." story. I've seen this many times before and rocketpot.io isn't the first casino doing this scam. This is what you get after betting big amounts, using too many bonuses and being extremely lucky. Sad
Move this thread to the Scam Accusations forum. Maybe you should call a lawyer, but I don't think that rocketpot.io is ever going to pay you 170K.
1723  Bitcoin / Bitcoin Discussion / Re: "I'll wait for the dip!" - The Crypto Noob Cycle on: July 01, 2022, 06:01:43 AM
Is this some kind of reddit meme you are posting here(without the pictures)?
Most of the newbie traders don't know what to do so they just follow the trends. Following a market trend is the wrong way to make money via trading. On the other hand, being cautious and waiting for a lower price is way better than jumping on a FOMO phase and buying when the price is at ATH.
The traders, who were saying "Bitcoin is at 60K, it's going to get above 100K, I'm buying!" are way worse than the traders, who are saying "I will wait for the dip". Making fun of traders who are just cautious is kinda cringe, if you ask me.
The crypto winter will continue and there will be more price drops, so we can't judge or blame the investors for not buying.
1724  Economy / Economics / Re: Real M2 Money Stock (M2REAL) on: June 30, 2022, 10:54:08 AM

Feds stopped using it a long time ago, not 2020. It became redundant in the early 70s.

The market is already affecting everyone. But M2 is an obsolete indicator. This is why people don't care what the fed says about it  Wink



I agree. Indicators like M1 and M2 make sense if we are talking about a truly national currency. The US dollar is more like a global currency, rather than a national currency.
I don't know what OP is trying to prove to us by showing this chart? Is he trying to prove that the Federal Reserve isn't increasing the money supply enough? Grin The FED guys can come up with different ways to manipulate statistical data and calculation methods, but who cares.
The US federal budget deficit isn't going to disappear by applying some statistical magic tricks. The 4.5 trillion dollar budget deficit will stay forever and the Federal Reserve will keep printing more money and buying US government bonds until the entire financial system collapses under it's own weight.
1725  Economy / Gambling / Re: Alternatives to 1xbit on: June 30, 2022, 06:06:10 AM
Quote
I totally understand where this is coming from, but most of us had absolutely no idea about all the scams and complains against them. And besides that, we don’t know any more. How do I find the good and trustworthy when I have to look through dozens or hundreds of different casinos. I’ve been reading lists and lists and researching dozens of casinos but I can’t reach any conclusion.

You say that you have been reading lists and lists of dozens of casinos/sportsbooks and you expect the forum members here to offer you something different? This seems weird to me. We all know who the biggest online crypto casinos are. Just pick one of them(or more than one) and try it. There's no perfect option. All crypto casinos have pros and cons. If you are simply too afraid of getting scammed, just bet small amounts. Do you want to make money with this?
Why don't you keep using 1xbet, since you were OK with them? Did they scam you or something?
I've always thought that 1xbet and 1xbit are owned by one company, but I guess that 1xbet is a legit company, while 1xbit is a scam company with extremely negative reputation, that is trying to mimic 1xbet.
1726  Bitcoin / Bitcoin Discussion / Re: Tom Lee's Fundstrat Warns of Big Bitcoin Sell-Off !!! on: June 30, 2022, 05:45:56 AM
Quote
Lee, a well-known permabull, has a history of terribly wrong price predictions. In December, he insisted that Bitcoin could still hit $200,000 in a CNBC interview despite missing his 2021 target.

This is the most important part of the article. Just read this sentence and stop reading afterwards. Grin
It's a crypto winter, of course that there will be multiple price drops and the possibility of the BTC price hitting 10K USD in the upcoming months in still there. Should we be worried? Nope.
Just don't expect a price recovery until the next BTC halving and you will be fine. The big central banks will increase the interest rates, but this will be temporary, because somebody has to cover all those giant budget deficits in the western world. The money printing machine will always go brrrr... so crypto will face another  big bull run after 2 years. Fear dominating over greed is just temporary on the markets.
The markets will get used to the war in Ukraine(which isn't going to end anytime soon).
1727  Economy / Speculation / Re: Speculators : Bitcoins is up now 21k buy buy buy ! but... on: June 29, 2022, 11:12:11 AM
Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon  "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

The current BTC bullish speculators might be yelling "buy buy buy!", but the bearish BTC speculators are yelling "sell sell sell!"  Grin
It doesn't matter if it's bears of bulls, just don't trust the speculators and make your own research. There's always going to be noisy speculators spreading extreme over the top "to the moon!"" bullish nonsense or doom & gloom "Bitcoin is dead" FUD nonsense.
I just ignore them and keep HODLing.
If you feel butthurt about the BTC price being below the 69K ATH you should bear in mind that the Bitcoin price is moving in "boom and bust" cycles. This is the sad reality and we can't expect the Bitcoin price to go in only one direction-up.

1728  Economy / Gambling discussion / Re: Tips on how I controlled my Gambling addiction. on: June 29, 2022, 06:26:04 AM
Not everyone can do that honestly, leaving their friends and relocating from the area is a big step and does need a lot of money and emotional support as well. Therefore I do think what you did was admirable and at the same time it is specific to your situation, therefore people have to understand that all situations are pretty much individual so what worked for you couldn't have worked for someone else since they might not have the required investment. Thus I do think that one can always :
1. Get medical Help
2. Contact the Gambling help section in their country, you can even talk online to the experts
3. Make sure you do not use the website by collectively banning them from your phone/account.

Gambling addiction is NOT clinical depression and I don't think that it can be cured with remedies.

Anyway, congratulations to OP for getting rid of his gambling addiction.
Having a toxic social circle is a major reason why so many people are falling into various kinds of addictions and unhealthy behavior.
You did the right thing by getting rid of your toxic friends and trying to develop some positive habits.
A man is his habits and stopping the negative habits while building positive habits is a big part of growing up as a person.
I have one question. Do you have other addictions, like smoking cigars/weed or drinking? If yes, you should get rid of them as well.
Awareness meditation can be great for self-improvement, but it takes lots of time and consistent effort.



1729  Bitcoin / Bitcoin Discussion / Re: Isn't Lightning Network bad for Bitcoin? on: June 29, 2022, 05:58:42 AM
Hello everyone!
I was thinking about one thing, Satoshi once said:
"In a few decades when the reward gets too small, the transaction fee will become the main compensation for [mining] nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume."

As far as I know, in Lightning Network transactions, miners are not paid. So, doesn't this thing affect Bitcoin Network? If miners don't get enough fees to have a decent profit, they will be likely to stop mining.

Can someone explain this situation?

You should learn how the Lightning Network works first and then create forum posts asking questions. I'm not an expert on LN, but I don't think that there are "miners" in the Lightning Network. However, I might be wrong about this.
I guess that we will have to wait until 2029 and see if Satoshi was right. There's still a small possibility that the Bitcoin Core blockchain will have no transactions by 2029. I think that the blockchain will adapt and improve, so we shouldn't worry about that.
I'm sure that after the next halving in 2024, the Bitcoin price will move in the 50K-150K USD frame, so the miners will get big enough transaction fees to cover their costs and make profits. The green energy will get cheaper as well.

1730  Economy / Economics / Re: The Russian Federation fails to repay debt - 100 million USD unpaid on: June 28, 2022, 11:20:22 AM
This is no big deal. I guess that the western propaganda wants to brag about something related to Russia, but nobody cares.
I'm not a fan of Putin and his regime, but in reality, Russia doesn't need loans and not having the opportunity to borrow money on the global financial markets isn't such a big deal for the Putin regime. On the other hand, Ukraine needs loans to refinance it's old debts and the western world will gladly borrow them the money(probably the money will come from the confiscated assets of the Russian central bank, who knows?).
The western media was making a comparison between the current technical default and the 1918 default, which happened after the communist revolution in Russia. Pretty stupid comparison, if you ask me, because the bolsheviks actually didn't want to pay the debts of the Tsarist regime to the western capitalist countries.
1731  Economy / Gambling discussion / Re: Length of Time Before You Learn All These Gambling Terms Or Jargons on: June 28, 2022, 06:10:17 AM
When you're starting out as a gambler there are terms and jargon that have to be explained to you or you have to research for you to understand its meaning and how it applies to gambling.

In your experience how long or the Length of Time Before You Learn All These Gambling Terms Or Jargon like wage, seed, provably fair, martingale, and so on. 

You are asking this question as if gambling is rocket science and there are thousands of gambling terms and jargons, which have to be studied for months and years. Grin There are quite a few gambling terms and I've learned them in a day or two. Almost all gambling terms are pretty easy to understand. Just play around with an online crypto casino and you will learn everything you need in a week.
I remember that it was difficult for me to understand terms like wager and house edge, when I was a kid(I wasn't gambling back then). Grin
By the way, I don't consider martingale to be an actual gambling term. Martingale is a stupid betting "strategy" that never worked and it never will.
1732  Bitcoin / Bitcoin Discussion / Re: Most of us have lived a world of USD dominance, but history changes on: June 28, 2022, 05:36:42 AM
Before the USD was accepted as the world currency, there used to be the British Pound as the main currency.

And before that, the Spanish Real.

Those are the latest 3 world currencies. We're about to enter the fourth one, Bitcoin.

It will take some time, but it will happen.

So you think that the future global currency will have unstable value and the transactions will get slower and more expensive for once in a while, due to the blockchain being clogged by too many transactions? Good luck with that. Grin
Imagine having a global currency with a value that is up 5x the first month and down -10x after several months. The global finance would turn into a rollercoaster. I'm a Bitcoin supporter, but all the fantasies about Bitcoin becoming a global reserve currency and just fantasies.
The future global currency needs stable value, fast and affordable transactions and worldwide acceptance by all governments. Bitcoin still isn't accepted by all the governments around the world.
1733  Economy / Economics / Re: How would a global economic recession affect Bitcoin's price? on: June 27, 2022, 10:21:53 AM
1.The US dollar is doing pretty well in 2022. The war in Ukraine helped for the drop of the Euro, so the US dollar is actually stronger than before. The Federal Reserve increasing the interest rates might add more value to the US dollar.
2. Everyone is talking about recession, but the recession might not come. There might be a negative net economic growth, which means bigger inflation and lower economic growth. Stagflation is also an option, but we don't know if the Saudi Arabians won't decide to increase oil production. The disruption of the supply chains is something that creates problems right now, but the global economy will adapt and new supply chains will be created.
3. The Bitcoin price might go down or it might do up. Nobody knows what will happen so all the opinions here are mostly guessing and fantasizing. Grin If the global economy starts growing with a faster temp, the Bitcoin price will go up. If there's recession/stagflation, the crypto winter will continue.

1734  Economy / Gambling / Re: Blizz.io - Crypto casino - 100% Up to 1btc on: June 27, 2022, 05:41:44 AM
Welcome to our newly launched crypto casino!
Start your journey with two amazing welcome bonuses totaling 2.2BTC.
There is also a $8.000 Race running.

https://blizz.io/en/



 Roll Eyes

This is the shortest and most straight to the point announcement thread in the Gambling forum I've ever seen. Grin
Actually the thread seems too long and descriptive. OP is wasting way too much space.
OP should have changed the forum post into something like "Join our casino, here's the link." and nothing else. Grin
Anyway, the casino looks really good and you have an affiliate program, which is great. However, there's no info about your commission structure, just the different types of conversions- CPA, hybrid, flat fee, revenue share. Do I have to signup as an affiliate, in order to see the commission structure?
Also there's a website called blizz.finance, that appears in the Google search results, when I was searching for your casino.
Are you affiliated with this website?
Good luck with your project, OP.
1735  Bitcoin / Bitcoin Discussion / Re: As some people want bulls some people want bears, bitcoin like season on: June 27, 2022, 05:13:23 AM
One thing I like about the cyclic "boom and bust" nature of Bitcoin is that it's way easier for the market to enter a FOMO phase, when the price is low. Imagine if the current BTC price was 70K USD. Many traders and investors would be hesitant to invest and the selling pressure would be enormous. Luckily for us, the current price is 20K USD and we've seen Bitcoin getting out of the all time low and reaching a new ATH multiple times across the years. It seems way better to buy at 20K and expect a 70K ATH rather than buying at 60-70K and expecting a hypothetical 100K  USD or more.
This would make many traders and investors more confident into buying BTC, when the bull run occurs.
1736  Economy / Economics / Re: Difference btw CBDC & BTC (Simple and short explanation) on: June 26, 2022, 10:50:56 AM
I still can't figure out what makes CBDCs better than good old paper cash. We already know that CBDCs aren't better than Bitcoin, so starting again this discussion is pointless. Moving from paper money to CBDCs seems like a step in the wrong direction.
Why would anyone use a payment system that is actually worse than the paper money(and credit/debit cards) we use everyday?
There's no clear incentive for the people to use CBDCs. The central banks and the governments might force them to use CBDCs, but the administrative and financial oppression will backfire for sure. Nobody likes to be forced to do something against his/her free will.
We know that the central banks want financial dictatorship and zero privacy, but CBDCs seem like the dumbest idea ever. If the central banks really want to impose such financial dictatorship they will have to create a system, that is way more convenient and secure(which isn't going to happen).
1737  Economy / Gambling discussion / Re: What Type of Gambler Am I? on: June 26, 2022, 05:49:53 AM
Quote
Personality Gamblers

For better or worse, the above gambler types all involve activity that is legal, even if it could become problematic. The personality gamblers — sometimes called antisocial gamblers — are different because they behave in illegal ways.

These gamblers want to make large amounts of money gambling by any means necessary. Personality gamblers may lie, cheat, steal and deceive other players or people in charge to come out on top. Their tactics could be simple like hiding a card up their sleeve, or elaborate, like conspiring to fix a race or sporting event.

For the personality gambler, gambling is an issue, but there could be other facets of their criminal activity and mental health that need equal attention from professionals.

The term "personality gamblers" doesn't seem right to me.
I guy, who wants to cheat and scam by using gambling games is a criminal/scammer, not a "personality gambler". Do you think that being a liar, cheater, scammer is a part of your personality? Maybe it is, I don't know. I'm not a psychic doctor. I've heard theories, stating that come criminals are born this way while others became criminals because of their social circle.
I guess that I'm one of the escapist & relief gamblers. I usually gamble to spend some time entertaining myself and not thinking about the BS that surrounds us everywhere. However, I'm not social or extroverted and I've never visited a real offline casino in my entire life.
Compulsive gamblers are just gambling addicts. There's no problem calling them gambling addicts.
1738  Bitcoin / Bitcoin Discussion / Re: Bitcoin FUD is for losers. BE A WINNER. Stay Cool- Be Positive =D on: June 26, 2022, 05:26:02 AM
Mt. gox?

Still trying to get my money back from mtgox.  Many others are as well.  If there were a reason to be pessimistic about the Bitcoin price, it would be that coming event.  When mtgox victims are eventually given the 200,000+ BTC sitting around waiting for them, I suspect it will lead to a massive selloff of BTC on the market.  This will likely be a short term event, but anyone even considering being overly bullish with leverage right now should be warned that they will likely be liquidated in the coming months.

If Bitcoin returns to the bullish state, most of the Mt. Gox victims will decide to HODL and wait for a higher price, before they sell.
I don't expect a major price crash because of the Mt. Gox customers getting back their coins.
Anyway, I hate being positive for the sake of being positive. I just ignore the FUD and keep HODLing. Almost all the FUD is pure nonsense anyway.
A bunch of shady crypto companies collapsed and the BTC haters keep insisting that BTC is a scam. It doesn't make any sense.
It's like JP Morgan Chase going bankrupt and everyone saying that the US dollar is a scam. There's no correlation between those two. Grin
The stock markets are in a price drop/bearish phase as well, but nobody is spreading FUD about stocks being a big scam and that they are going to collapse down to zero.
1739  Economy / Economics / Re: Bitcoiners are protecting, while EU nations are destroying the environment on: June 24, 2022, 11:09:00 AM
Europe has no other option, but to start using coal power plants again(for a while). Building new solar power plants and wind turbines would require lots of time and money. I'm no fan of green energy and the environmentalist fanaticism, but I'm sure that the European Union will stick to the "Green Deal" in the long term.
Unfortunately, the cryptocurrency miners will always be discriminated. First it was dirty energy. When the miners switch to 100% green energy, the anti-crypto haters will find another excuse to punish the crypto mining companies. For example, wasting too much energy for mining useless and worthless cryptocurrencies. This seems like a valid enough excuse to sanction the crypto miners.
1740  Economy / Gambling / Re: Bitcoin Casinos Vs Ethereum Casinos on: June 24, 2022, 05:46:08 AM
After reading this article, I thought about starting to use an Ethereum Casinos. What do you think about this?
https://cryptogeek.info/en/blog/btc-eth-casinos
P.S. There is no casino advertising in the article.

You can use whatever casino you want. I think that making a distinction between casinos based on what cryptocurrency they are using is wrong.
Almost all online casinos accept both BTC and ETH and there's no point of comparing them based on that particular factor.
The article is about blockchain gambling, but blockchain gambling isn't mainstream and it won't become mainstream anytime soon. Most of the crypto casinos are pretty much centralized. AFAIK, blockchain gambling games are slower than the traditional online gambling games, which ruins the overall player experience.
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