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1761  Economy / Gambling / Re: GXGBet.com | GXGCoin.io - Leading DeFi Gaming Site Needs You 😎 on: June 16, 2022, 06:37:56 AM
Welcome to the forum and I wish you good luck with this project.
450% APY? I don't know. It sounds too good to be true. Grin
So you are going to use 65% of your net profits to reinvest in your token. Who is going to guarantee that you will keep your promise?
I've seen multiple crypto projects saying "we don't touch the coins in our liquidity pool" and yet they steal the coins and run away. Crypto scammers simply love such projects, where they promise insane results and want the investors to trust them, only because their project claims to be DeFi, while in reality it has nothing to do with decentralized finance.
Is there a way for us to verify that you are going to keep your promise to reinvest 65% of the profits back into the project?
And last, but not least. Do you have Christiano Ronaldo's permission to use his image on the announcement thread? You might get into copyright issues. Grin I'm joking... Good luck with promoting your business on Bitcointalk.
1762  Bitcoin / Bitcoin Discussion / Re: Where will Bitcoin stabalize?? on: June 16, 2022, 06:12:34 AM
When will the Bitcoin price stabilize? NEVER.
Bitcoin price was never stable. It will always be volatile. If you want stable prices just stick with stablecoins or pseudo-stable fiat money.
Cryptocurrency exchanges collapsing? I see this as a win. It's time for Bitcoin to go back to it's "be your own bank" roots. Centralized crypto services offering insane dividends like Celsius will be thrown under the bus for good.
The CEO of Celsius was talking extreme BS- "fiat banks are bad, we are good". Why? Because your are using crypto, but you are mimicking a real fiat bank(without being regulated)? The "fiat bad, crypto good" propaganda was always annoying to me, because it was coming from centralized crypto companies, that are no different than the fiat companies.
1763  Economy / Gambling discussion / Re: The UEFA Nations League 2020/2021 Discussion Thread on: June 15, 2022, 11:06:13 AM
Gareth Southgate and Roberto Mancini must resign after those humiliating results. I know that the Nations League matches aren't that important, but this is just historical humiliation. The strange and unpredictable results will continue in the next rounds of the UEFA Nations League. I'm wondering whether or not those results are manipulated and has the football mafia somewhat influenced the games.
Congrats to Hungary and Germany. Georgia is also doing pretty well in their group. Three wins and one draw looks quite impressive for the Georgians.
Some big western teams like France, Belgium, Italy and England simply refuse to take this tournament seriously.
1764  Economy / Economics / Re: From Sideways to Downhill on: June 15, 2022, 10:21:24 AM
Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

There's no "now what" situation. There's only one thing  we could do. Just HODL. Selling your BTC right now seems like dumb move.
The panic on the markets is reaching high levels and fear is the worst advisor. If you are confident enough about the price hitting 10K, you could sell your BTC now. I don't know what will happen, so I'm just HODLing. Maybe the Bitcoin price will return to the 2020 levels of 10K-12K. This isn't a bad thing actually. It's not the end of the world. The worst thing right now would be making emotional decisions and acting like a conformist. Just wait and see what happens after the wave of fear and panic goes away.

1765  Bitcoin / Bitcoin Discussion / Re: What's happening With Bitcoin? on: June 15, 2022, 05:27:42 AM
The crypto winter is going to make many crypto projects go bankrupt, even though some of them are pure scams and others are semi-legit.
Celsius Network is going down the hill and this helps for increasing the level of panic on the crypto markets, since many investors are going to lose their precious coins.
Luna collapsed, the Bitcoin price went from 40K to 30K.
Celsius is about to collapse, the BTC price went from 30K to 23K and it might drop below 20K.
Is this a coincidence? I don't think so.
Who is next? Tether? Coinbase?
I'm still bullish in the long term(which means 2 years ahead). The crypto industry will get rid of many centralized "too good to be true" crypto projects, which is definitely a good thing. The problem is that all those projects helped for pumping the crypto prices. Who is going to pump the prices in 2024-2025?
1766  Bitcoin / Bitcoin Discussion / Re: Cryptos are uncovering our evil sides on: June 15, 2022, 05:08:45 AM
Crypto is a part of capitalism and capitalism doesn't care about good and evil. It's about making money, getting profits and ROI. Good and evil are moral categories, not financial categories. Don't try to combine capitalism and morals into one thing, because it never worked and it never will.
Greed is what makes the economy grow. Greed is the main motivator for the people to work hard and build businesses. Charity and altruism simply aren't effective as a good motivator.
You are writing about crypto scammers, but you are forgetting about the fiat scammers, I think that they are way more than the crypto scammers.
1767  Economy / Gambling discussion / Re: The UEFA Nations League 2020/2021 Discussion Thread on: June 14, 2022, 11:31:02 AM
After the end of a hard season in their football clubs, the French players are expected to give their best and win their games in the UEFA Nations League. Those footballers are playing 80 matches per season. They are tired. I'm surprised that Didie Deschamps didn't include more young players in the national team for the Nations League. Players like Benzema, Mbappe and Griezmann are not machines. They get tired.
Even Luca Modric was complaining about the exhausting schedule of the footballers. UEFA should stop pleasing the bookies, by forcing the national teams to play more games, when the best footballers need a break.

1768  Economy / Economics / Re: Bitcoin's latest decline was triggered by quantum computing headlines on: June 14, 2022, 11:08:42 AM
This seems like a coincidence to me. The current price crash is caused by the extreme pessimism on the crypto markets combined with the crypto bears being greedy and wanting to sell at 30K and buy the dip at 20K. The crypto bears are exploiting the fears to the maximum.
There's "blood on the streets" right now, which is the right time to buy, according to Warren Buffet(if I remember his saying correctly).
The crypto winter was pretty much expected and still many people got surprised, when another price drop happened.
Quantum computers will become a "threat" for Bitcoin after 10 years maybe, but the blockchain will adapt and evolve in this time frame.
1769  Economy / Gambling discussion / Re: Importance of Multiplayer Gaming in Gambling Industry on: June 14, 2022, 06:19:40 AM
I don't believe in this "create a sense of community" thing. I've played PvP poker on online casinos and I've never felt like I'm being a part of a community or something. Maybe I'm too introverted and I don't use the chat feature, because it can be quite distracting.
I've also played many online multiplayer games(not gambling) and I don't create connection with other players, build friendships or feel like I belong to a community.
I don't mind the concept of multiplayer gambling, but hyping it up as a place to "meet new people and make friends" seems artificial to me.
The gambling platforms are for gambling, social media platforms are the place to meet people and make friends(also pretty artificial, if you ask me, but who cares).
1770  Bitcoin / Bitcoin Discussion / Re: Don't sell your precious BTC to the whales! on: June 14, 2022, 05:52:00 AM
We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Your post makes sense to the experienced Bitcoiners, but what would a random person think, when he reads it? He would think that you are a desperate lunatic, begging the other lunatics to HODL and NOT sell their BTC, because the price is about to crash even further down and the community of fanatic Bitcoin supporters, who are worshiping Bitcoin as a cult will lose more money. Grin
I totally get your point of view, because I've lost money in the past, due to panic selling. On the other hand, I totally get the point of view of the Bitcoin/crypto haters and the FUDsters. If you look at Bitcoin/crypto from a different perspective, it really seems like the sky is falling down. I don't believe in the crypto Apocalypse, but the crypto winter is going to be hard.
1771  Economy / Speculation / Re: Peter Schiff Advices Don't Buy the Dip on: June 13, 2022, 11:18:29 AM
Schiff is sharing his opinion. He has the right to do so. Of course his opinions are NOT facts. This isn't a proper analysis. This is more like wishful thinking disguised as a pseudo-analysis. There's no recession so far. We are witnessing high inflation, but the unemployment rate isn't growing and the GDP isn't decreasing. Many "experts" are predicting stagflation, which might happen, but there's no 100% certainty.
He could be right about the BTC price dropping down to 20K USD, but for all the wrong reasons. The Bitcoin bears are willing to sell at 30K and buy the dip at 20K USD. His doom and gloom prophecy about crypto traders and companies going bankrupt might not happen.

1772  Economy / Gambling / Re: Weed Daddy | Get the DOPEST NFT ever NOW 🌿🌿🌿 | Crash Game on: June 13, 2022, 06:03:35 AM
You joined Twitter in May and your Twitter account has 3 tweets and only one follower.
Are you actively trying to promote this Twitter account? Do you think that this airdrop is going to boost your follower count?
Your NFTs(assuming that the three images posted on your Twitter are actual NFTs) look nice, but the gamblers don't care about cartoonish images, they care about gambling. The NFT hype is gone and I don't think that your NFT are going to cost more than 20USD in the near future.
Also "Weed Daddy"? This sounds fun, but kinda immature and childish.
I get your marketing approach but I don't think that most of the gamblers are going to take your project seriously.
Good luck with your "NFT casino", OP.
1773  Bitcoin / Bitcoin Discussion / Re: An analysis on how Bitcoin gets to 1 billion users on: June 13, 2022, 05:38:45 AM
Bitcoin simply isn't convenient enough for every day use. Some people (including myself) could say that Bitcoin wasn't designed for every day usage(despite what Satoshi was claiming in the whitepaper). The expectation of 1 billion daily Bitcoin users will never happen in reality and there's nothing wrong with that.
Nobody is saying that Bitcoin is supposed to be the number 1 global currency. I would be perfectly fine, even if Bitcoin never becomes truly mainstream.
I don't think that anyone could verify the accuracy of this statistical data, but 30 million people seems like a pretty good number for a 12 year old technology.
BTC reaching 1 billion active users seems more like a fantasy, rather than an achievable goal.
1774  Economy / Speculation / Re: Bitcoin scenario crashing to $20.000 - $23.000 on: June 12, 2022, 10:44:39 AM
My gut says there will be a flash down to $20k to mop up all the shorts and then a steep rise to leave all the weak hands behind. But then again this is Bitcoin.

I don't expect a steep rise coming soon, because there's nothing that could pump the Bitcoin price fast in the current situation.
Like OP said, the risk appetite has gone away from the markets and it won't be coming back soon (at least not in 2022).
I expect the crypto winter to continue in the 20-30K USD price range and a new bull run coming after the war in Ukraine ends(or before the 2024 Bitcoin halving).
Anyway, this seems like a reasonable analysis, but the liquidity withdrawal from the markets is going to be temporary (1-2 years maximum).
I wouldn't call the price drop to 20-23K "crashing". A price crash is something that happens unexpectedly. This price drop is expected by many traders and analysts. It's just a continuation of the current bear market.
1775  Economy / Gambling discussion / Re: Bitcoin Football Club on: June 12, 2022, 06:07:37 AM
I don't understand the point of this forum thread.
So you want to make an imaginary "Bitcoin football club" and fill up the squad with the best players from the best European teams.
Are those players linked in any way, shape or form with Bitcoin(or crypto in general) or you included them simply because they are good players? It would really nice, if we somehow find out, that some of those footballers are involved in the crypto industry, by HODLing coins and/or endorsing various crypto projects(no NFT/token scams, of course). Other than that, I find your thread to be really pointless.
1776  Bitcoin / Bitcoin Discussion / Re: Act to defend privacy or resign ourselves to its loss? on: June 12, 2022, 05:41:17 AM
This is more like a personal choice, rather than a decision that we should take as a community.
If you want to keep maximum privacy, just don't use centralized crypto exchanges and online wallets. The problem is that, eventually you will have to deal with centralized services, when spending or selling your Bitcoins-crypto exchanges and the payment gateways, like Bitpay, are pretty much centralized, so the avoidance of such services in the crypto world is questionable.
80-90% of the Bitcoiners never truly cared about privacy, all they care is the price. Complying with the rules and regulations means less privacy, but more adoption, which might lead to a higher price in the future.
Privacy is important, if you have something to hide, mostly the criminals/scammers care about achieving almost complete online anonymity(which is close to impossible). The "average Joe" doesn't have anything to hide, so he isn't obsessed with privacy and anonymity.
1777  Economy / Economics / Re: The EU economy is going down the drain...and the EU with it on: June 10, 2022, 12:54:54 PM
Do you think that the American bureaucracy is better? Or the Chinese, Japanese or Russian?
AFAIK, the national legislation of the EU members is synchronized with the European rules and regulations, so there's no need to for a small business owner to check out both the national and the EU laws. I can't stand the European bureaucrats, but this isn't a reason for the EU to collapse. Is the EU guilty for many countries having their own shitty local and national laws and regulations? I don't think so.
Are you facing difficulties with your own small business?
1778  Economy / Economics / Re: Unusual Situation as Russia’s Ruble bounces back as world best per fiat currency on: June 10, 2022, 12:33:16 PM

Well, today the Central Bank of Russia lowered the key rate from 11 to 9.5%, let's see how effective this measure will be in order to stop the further strengthening of the ruble.

Interest rates around 10% are considered pretty high. Having high interest rates in combination with a heavily regulated and manipulated currency market means that:
1.The national currency will have high value. Countries with higher interest rates have higher valued national currencies.
2.The national currency isn't fully convertible into foreign currencies, which means that the current market value isn't the actual value of that currency. Nobody knows the actual value of the Russian ruble.
I really wish the European Central bank to slowly raise the interest rates to levels around 10%, this would definitely make the euro more expensive, which might make the gas and oil import cheaper.
1779  Economy / Gambling / Re: Betfamous - sports betting contests - create your challenges - crypto stablecoin on: June 10, 2022, 06:04:54 AM
First of all welcome to the forum.
I really liked the concept that you are giving users the freedom to play for free.
Somethings, that I didn’t understand from the OP is that, you said it’s completely anonymous, also you are saying play with your friends?
If I will make a complete anonymous account, then how will my friend find me and play with me?
Moreover if it’s a PvP game, then the site doesn’t make money? Or does the site have a house edge info missing from the OP.
The site’s layout and design is acceptable but not great.
Also OP, if you want to attract potential gamblers to your site, then make sure you design the Announcement thread with proper information.
Good luck with your site.

1.The platform will charge a fee over all bets.
2.OP is doing the same mistake as many other gambling business owners-website isn't fully functional, announcement thread isn't good enough, no FAQ and ToS posted on the website, etc... I hope that he will solve all those problems in a timely manner.
Anyway, betting contests seem like an interesting concept, but I don't think that many gamblers would agree to launch their own betting contest. Your website doesn't have enough traffic and a big community of active users. Most contests will end up without players(or maybe 2-3 players maximum).
Good luck with this project, OP.
1780  Bitcoin / Bitcoin Discussion / Re: Will countries ban Bitcoin mining due to environmental concerns? on: June 10, 2022, 05:39:56 AM
1.Even if some countries ban crypto mining, they will ban the mining that uses "dirty energy" (produced via burning coal). This doesn't make sense because other industries aren't punished for using "dirty energy". "Green energy" crypto miners won't be banned.
2.Nobody can force the PoW cryptocurrencies to become PoS cryptocurrencies. Even if some governments try to do this, the users of PoW coins like Bitcoin will migrate their coins to crypto exchanges located in other countries or to the darkweb, the PoW miners will also migrate.
There's nothing to worry about.
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