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1841  Economy / Economics / Re: Do your work. on: January 23, 2023, 05:42:44 PM
If you don't learn how to make money work for you, you're going to die working for money all your life. That's the harsh reality we live in. We must know somewhere down the line that earning passive income apart from your employment or entrepreneurial profits is the way to go, especially as things stir down to a decline in the economy. Worse comes to worst, once the economic decline do happen you'd have enough greenbacks and savings to get by, if not, even better. It's even easier now to learn about these stuff, especially with the rampancy of internet and information within it. You can literally look for a book on how to gain financial freedom while frying an egg at the same time, so really, provided that you are living quite well, you have no excuse to not learn how to be financially smart.
1842  Economy / Exchanges / Re: Was Binance aware of the impending bankruptcy of FTX? on: January 22, 2023, 08:00:43 PM
Am I the only one who believes Binance knew in advance that FTX was going to collapse?

We all know that Binance played a significant role in the downfall of FTX and CZ disliked SBF.

I recall reading CZ's tweets last year and he seemed to be in communication with SBF. Did he know the terrible financial situation that FTX was in but hide it from the public?

Binance also divested its complete stake in FTX before bankruptcy. Is that a pure coincidence or something more sinister?

Nobody has benefited more during this whole fiasco than CZ. Perhaps more things will come out in the future but as it stands the whole situation is shady.



Right from the get-go? No, not really. But CZ eventually realized that something was fishy about FTX and the way they handle their customers funds, thus the $500 million liquidation. He's as transparent as anyone in that situation can be. He let the people know that something was wrong with FTX, which was his reason to pull out their investments in the company, whether this caused a bank run or not is still up for debate, but I'm leaning towards the latter, because losing a competitor in a still budding industry like this is tantamount to a whole infrastructure collapse. Something that he of all people, is not keen about. Anyhow, the damage has set in and we are slowly recovering from the fuckups of SBF. If you're trying to pin the blame to CZ for letting people know about the issues that FTX hid from their customers, go for it, but it doesn't change the fact that SBF mismanaged FTX funds, even went so far as to gamble some of it in hopes of recovering losses to fund customer withdrawals.
1843  Bitcoin / Bitcoin Discussion / Re: Two-edged sword for countries that banned Bitcoin on: January 22, 2023, 07:18:31 PM
It's basically because of the fact that they cannot regulate cryptocurrencies, particularly bitcoin in this situation. They argue that crime could go rampant, and energy will become a massive issue, courtesy of homemade bitcoin mining rigs, if bitcoin is allowed and legalized in their country, which to some extent is true, as some criminal activities and transactions are made through bitcoin let's be honest and the fact that as of now crypto mining is still one big detractor in energy consumption amongst the public. But as OP said in his title, it is a double-edged sword, as it definitely disempowers the public to gain financial capability through bitcoin and the employments it could offer. But the battle is almost over I reckon, more and more countries are accepting of bitcoin compared to those who are against it. Only two outcomes remain.
1844  Bitcoin / Bitcoin Discussion / Re: Are Your Kids Aware Of Bitcoin? Teach Them. on: January 22, 2023, 06:31:47 PM
The dream of every successful businessman or woman is to have a good successor. you can not be in the light in which bitcoin has brought you to and allow your children to suffer because you failed to teach them the secret behind your wealth. Let your kids know that bitcoin is the surest way to financial freedom, teach them now that bitcoin is of more value than fiat currency, educate them about the importance of bitcoin to mankind, let them know that bitcoin has changed the economy of countries who saw the light in it and adopted it as a means of doing transactions.

Now that your kids are young and vibrant, be their tutor, ensure they are bitcoin oriented, save them from financial dependency, encourage them to rely on bitcoin instead of saving fiat currency that Depreciates now and then.

Our kids represent the leaders of tomorrow, let's teach them about bitcoin now that we can.


I wouldn't say surest really, maybe "most accessible". Because a lot of ventures out there provide long-term profit without the high volatility bitcoin entails, but the thing that sets bitcoin apart from them is the fact that it is easily accessible, even by a toddler with half-a-brain to search in the internet. As long as you have a working internet connection and some money, you can buy bitcoin easily. And there are multitudes of lessons and guides as well on how to flourish in this industry, from trading, to making your own project. This is very different from other ventures out there with trade secrets they don't want to divulge to some nobody. But again, at the end of the day, they are all equally profitable and when done right, would lead you to financial freedom. Be very careful with instilling information to your kids.
1845  Economy / Economics / Re: We are not out of the woods yet on: January 21, 2023, 06:21:47 PM

Well, we can't be so sure of what the price will be in the next few weeks despite how quick the rise of BTC since last week and this week. Like OP said we are yet not out of the woods, there could be challenges ahead since the bankruptcy of other big crypto groups had been in the news over and over.

Who knows what could happen? The market can just crash and spike for a simple reason. But one certain fact is known to us, Halving is in 2024. Right now is still 2023.

Even after the halving, we will not feel the effect of it right away. It will still take some time, maybe months or more than a year before we feel the effect of it. And anything is possible between now and that time. I think, in the past, we experience a sudden drop in the price even after the halving. Price crashes can happen anytime.
If I'm being honest the last week's price of bitcoin is a little insignificant for me, as I believe that the bear market is still far from over despite what other analysts and people may think or predict. Bitcoin and the crypto market is cyclical, and it follows a pattern, in the times that it didn't, it's because there was a huge paradigm shift that happened, prompting people to go bullish on buying cryptocurrencies and bitcoin as a result. This is no different, in fact, the next halving wouldn't happen til sometime next year, so if you'll ask me, unless something major is to happen within this year, I wouldn't put my hopes up on bitcoin entering a bullish season within this year.
1846  Economy / Economics / Re: [Article] How ChatGPT Will Destabilize White-Collar Work on: January 21, 2023, 05:48:12 PM
https://www.theatlantic.com/ideas/archive/2023/01/chatgpt-ai-economy-automation-jobs/672767/

Quote
In the next five years, it is likely that AI will begin to reduce employment for college-educated workers. As the technology continues to advance, it will be able to perform tasks that were previously thought to require a high level of education and skill. This could lead to a displacement of workers in certain industries, as companies look to cut costs by automating processes. While it is difficult to predict the exact extent of this trend, it is clear that AI will have a significant impact on the job market for college-educated workers. It will be important for individuals to stay up to date on the latest developments in AI and to consider how their skills and expertise can be leveraged in a world where machines are increasingly able to perform many tasks.

I'm personally skeptical on the ability of machine learning/neural networks to fully replace humans. I think it's more likely that it will boost productivity by performing the more simple and routine tasks, but there will still be the need for human touch. People will lose jobs because now a professional will be able to do the work of 2 professionals, but AI won't do the work of all professionals.
ChatGPT is a powerful assistant tool, but through my usage of it over time (I'm a copywriter, and I use a ChatGPT to help supplant me with ideas and new words to use and abuse throughout my works), I would lie if I say it wasn't useful, but it's not on par with how we work. ChatGPT, despite the fact that it is marketed as a conversational and human-like chat tool, still lacks a couple areas in authenticity which makes it stand out when checking comes around. So I don't think the tool will effectively destabilize or even replace white collar work, what I predict will happen is that the tool will be an aid to many people especially within the aforementioned white-collar-sector where it would be indispensable.
1847  Economy / Gambling discussion / Re: It's a good idea to just register on casino on: January 21, 2023, 04:56:02 PM
Indeed. But I do think these sign-up bonuses are just there to really trick you into signing up to their platform. Which works for a lot of people. But the main thing is that, well they wanna have you registered to track your progress and activity within their platform, so it's a win-win for the casino and for you. Some may say professional gamblers won't settle for bonuses but those only apply to them. Most gamblers out here do not intend to gamble for fame and acclaim, we either gamble for money and entertainment. So these bonuses are specifically perfect and made for us.
1848  Economy / Gambling discussion / Re: Why you should choose Macau casino Lisboa gaming platform!!! on: January 21, 2023, 03:31:05 PM
You barely gave us anything to work with in terms of why we should choose your platform, let alone a reason why we should switch with the ones we have already got accustomed with. Licensing? really? we literally have a lot of reputable casinos out here with licenses that could vouch for themselves, I don't think having a license sets you apart from the main competitors in the market. I do think you need a lot when it comes to promotions, as well as setting people's expectations because just posting something like that here won't do, it even makes your site suspicious if I do say so myself. A lot of good peeps here can put you up with a campaign organizer that could help you promote your project, you should try that.
1849  Economy / Gambling discussion / Re: Advice on choosing a crypto casino on: January 19, 2023, 09:06:17 PM
I think you did very well to have created this thread, it becomes very difficult to choose a casino especially when the person is new to this cryptocurrency market, well speaking about casinos, I will not tell you to keep searching in the various threads or google because I imagine you created this thread because you want answers from people who are using good and reliable casinos, so I recommend you to use stake.com, without a doubt they are the best casino, you will see many advantages when using stake.com I use this casino and I speak from the good experience I have with them
Its not really that hard if you do really ask me, it is really just a matter of research and effort on seeking out for these things yet you could really find off these things if you are really that eager and serious on doing so.Research is all you do need and some mix of common sense which you could really be able to tell nor differentiate on casinos which are reputable and known compared to those who arent that popular.
There's no question in mind on where or which one you would be choosing because on the time that you would see up things then your own common sense will really tell
you that you should stick into much known ones.
  Exactly. Some people out here really making it look like choosing the right casino for you is like looking for the holy grail with all these subjective opinions. What OP wants is a fool-proof system or at least a good recommendation, not some highfalutin bs like some people here. I had to give OP a list of what they want to look for in a casino. While some people give opinions on why this is better, some even praising him for opening a thread which is praise-worthy, don't get me wrong, but it really diverts the topic of what OP wants. Ultimately he just needs to research and decide for themselves if they want to invest their time and effort on this particular casino.
1850  Economy / Gambling discussion / Re: Advice on choosing a crypto casino on: January 19, 2023, 08:20:32 PM
Greetings, esteemed community. Could you help me advise? I've seen a lot of topics on the forum about crypto or bitcoin casinos, but I need clarification on their point. As I understand the crypto casino involves paying in different cryptocurrencies, and the bitcoin casino involves only bitcoins. How to choose a casino, is there a criterion for this, or do you just go to any casino and play? It's a rash move without preparation. Also interested in a payment system, which is recommended to play in such casinos? Or just a suitable crypto wallet? I apologize for my silly questions, but I want to understand everything once and for all.
Well, you're on the right board to ask this so expect a ton of response and of course advices maybe from pro or just a leisure gambler just like me. Choosing a casino is subjective and we have different kind of tastes on how we choose it. Don't just go in a casino especially if they aren't that a reputable one, always DYOR before you even sign up with them. If I were you, choose those casino/s that has lot of options for payment methods.
At most times it is subjective but for me it doesn't have to be. There are telltale signs of a casino being great and that's where I mostly bank on. Sure, tastes could really affect how you would answer OP's questions but this guy is most likely a newbie, I don't think giving him/her your subjective opinion about how to choose a good casino is going to help him. I'm looking at comments from these people giving him circular definitions of things when it could just be plain and simple. They clearly want help, we should give them objective thoughts only and remove bias from the setting.
1851  Economy / Gambling discussion / Re: Advice on choosing a crypto casino on: January 19, 2023, 07:07:49 PM
I'll keep it simple for you. When you are looking for a gambling site that you wanna stick with, or at least a gambling site where you wanna start off you gambling journey, there's four things you should look out for.

  • Security
  • Reputation
  • Customer Service
  • Rewards and Bonuses

Security: First and foremost. You don't wanna deal with a shady business, let alone a gambling casino where things are really dodgy from a customer's perspective. You also have to check if they have security measures in place to prevent hacking and theft of funds. If they don't, you should stand away from them.
Reputation: Stick to casinos that received positive reviews and ratings from people here in this forum or from reputable networking sites. Check against their reviews if such claims exist and if not possible, then maybe just check how much positive reviews people give to a particular casino to help you decide.
Customer Service: Arguably the most important thing you should look out for. The casino world is not without issues and problems, what sets the good casinos from the great ones is the quality of their customer service. A good casino may offer customer service, but no immediate solution that will really help you, while a great casino will help every step of the way to make sure that your issues are solved.
And finally, I don't really consider this much when looking for a casino but since you're starting off, this could help you well.
Rewards and Bonuses: To get the most bang out of your buck, you might wanna look for casinos with good rewards and bonuses, as well as sign-in bonuses and deposit rewards to give you more to work with.

1852  Economy / Gambling discussion / Re: I turned over $1.344M with Sportsbet.com - https://imgur.com/a/gFB14gl on: January 19, 2023, 06:15:23 PM
You shouldn't be gambling in a platform because of bonuses,you are bigger than what they will offer to you as bonus, just look at the huge sum of money you are talking about. If you are not OK with their platform then you can sign up with the newly introduced gambling platform by your friend.

I gamble in a casino that is trustworthy and reliable not because I need bonuses. Sometimes bonuses are given to gamblers that don't have much to gamble  with or to entice new gamblers and you are above these categories.
It's not about the rewards in itself. It's about repaying their loyalty with something from the casino itself. I myself would feel appreciative if I get a personal message or an email from someone on the top seats of the casino thanking me for staying and choosing to stay loyal to their house over the years, I'm sure that's what OP's point is. He just wants to feel as if the casino is seeing him, all throughout the millions of dollars he invested in them. Sure, you can argue that it's all about money and OP is just being entitled, but don't you think he deserved it? He literally spent $1.344 mil on a single casino, albeit with a winning edge against the casino but that's besides the point.
1853  Economy / Gambling discussion / Re: [CHESS] FIDE Candidates Chess Tournament 2022 on: January 19, 2023, 04:56:43 PM
Today the first round of the heavily occupied tournament in Wijk Aan Zee started. Carlsen - Aronian has now ended in a fairly boring draw. But we often see such results in these tournaments, and we will see a lot of draws in this round. There are not that many boards in the strongest group where a color is much better. Carlsen has already said he will not make any statements in relation to accusing Hans Niemann of cheating. Who is not present at this tournament. Maybe for the best, I think Carlsen wouldn't play otherwise and probably other players wouldn't either. The Niemann case is far from over and will continue. He also filed a $100 million claim.
I was unaware that Niemann had taken Carlsen and chess.com to court, and while lawyers can ask for whatever they want when they file for a lawsuit as the court does not really care, and in the case of winning they will assign an amount that is closer to the real damages Niemann could have suffered I still find this to be completely ridiculous, while it seems Niemann may not have cheated in the infamous game against Carlsen, the chess.com report found that Niemann most likely cheated on more than 100 online games, so the description made of him as a cheater even if painful for him seems to be accurate.
I don't understand why Niemann could sue Carlsen, as far as I know he didn't say anything that is greatly damaging to Niemann's image, only a cryptic tweet and a resignation on move 1. Niemann is acting out of defense here lmao, so much that he looks and sounds as if he's really guilty and is trying to pin the blame on the Carlsen and a harmless website who just happened to see that his moves are a little too computer-like. I don't know where this case will end up to but suing chess.com and Carlsen isn't really going to help with his reputation within the chess community. He's gonna be known for being the man with the beads up his ass until the heat death of the universe.
1854  Economy / Gambling discussion / Re: I turned over $1.344M with Sportsbet.com - https://imgur.com/a/gFB14gl on: January 18, 2023, 08:08:49 PM
I understand the frustration that is coming from OP's part, but I think this bonus that their friends are getting is simply to boost the confidence of these people to bet on the site, and since OP is clearly a high-roller, the company didn't feel the need to give him any more bonuses which I still think is absurd. I do think a lot of bookmakers and casinos as of late have been very complacent in giving their most loyal customers a fair and just treatment, after all, what's a couple hundred dollars gonna do against their millions of dollars in funding? So why are they withholding from providing appropriate rewards to people.
OP i don't know what you're up to from the initial stage while you have been making a turn over with your entitlements, i think that's your own decisions which they respect and have no option to go against since it's benefits them, but to your own side of the story, why should you get naive this time since you're not offered your promotions bonus when they have protocols to how you can claim it but you chose not to, i think you have to work on yourself because casinos will not tune to your tone but you will rather did for them.
I think the phone call is more than enough evidence that they really just don't want to give him the rewards or bonus at all. "We wouldn't give you any bonus because our system finds that you are actually winning against the casino". That is just absurd, he is obviously a die-hard customer of them, I don't see why they can't give him the bonus they give out to one-time bettors on their site.
1855  Economy / Gambling discussion / Re: It's on! 2024 US Presidential Election Biden+Harris Vs Trump Bitcoin betting.... on: January 18, 2023, 07:12:30 PM
Regarding how politics is in the USA, I think that everything will revolve around Biden and Trump, I don't see another option that is more viable, also from what I have seen of Terrump he is in very red numbers and that is something that subtracts many points from him When it comes to considering a presidency, upon reaching the presidency I think that many things would get worse, but I have seen a certain part of the USA that is very biased towards Trump's ideas, I really do not understand it, although there is a something very different from how politics is handled in South America, I see similar things, a lot of radicalization in terms of a political ideology and that for me is a mistake, when it falls into ideologies it is that things do not look good for the future.

With how Biden is acting lately, the trust of the common people to him are slowly diminishing. He's showing signs of dementia too, which is not a good thing to say the least and certainly not something that you would want for your president. Trump, despite how asinine his last few months in the term, is slowly gaining traction once again within the MAGA community so I do think Trump is gonna win over Biden this time, should Biden run for presidency again. There's Sanders, which I think will have a fighting chance as well, but I don't really see him winning against Trump when he already lost if I'm not mistaken around 2 or 3 elections against him.
1856  Economy / Gambling discussion / Re: betting against the Public, is this strategy working? on: January 18, 2023, 06:29:09 PM
As the cornerstone of this betting strategy lies within the notion that most superfans tend to be uninformed and are therefore betting only for the sake of supporting their teams, I think this will work. Especially for national games wherein little to no amount of research between players and teams are involved, thus ensuring that indeed little to no reliable information is being passed around amongst these fans. However, I don't see this working internationally, for sports that involve multiple countries pitting against each other like the World Cup, because the teams are made up of the best players, and there's no singular crowd that really defines who's the veteran and who's the underdog team.
1857  Economy / Gambling discussion / Re: Minimum deposit and minimum withdrawal. on: January 18, 2023, 04:59:27 PM
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
As far as I know, minimum deposit and withdrawals are parameters set by the gambling house to ensure that what they are dealing with is human, and is not a hacker who tries to make profit out of their house. Now in the case of whether these limits connote something on the side of the gambler, or in this case a would-be-gambler, then it highly depends on the outlook of that person. There's no singular answer to whether they'd think the house is forcing them to gamble more, or the house is making them gamble regardless of whatever amount they have, coz at the end of the day if they want to gamble they will gamble, and frankly enough if you are on a tight budget that you can only afford to gamble 10 bucks or less I would highly suggest you don't waste it on gambling.
1858  Economy / Gambling discussion / Re: How do you handle your losses on: January 18, 2023, 03:08:34 PM
Everything comes down to having a plan and being disciplined enough to follow through with said plan. As long as you have a concrete plan that you will be willing to follow, there's no way losing money over gambling is gonna get to you. Personally, I employ a three-loss-three-wins plan. Whenever I get as much as three wins in one sitting, I call it a day even if I still feel lucky. Same goes with losses, this way, I make sure I don't get addicted and that my funds are kept in check, in such that they don't dry up in one sitting. I suggest you try that plan out too if you're still lost with what to employ, or maybe think of a plan that really resonates with you.
1859  Bitcoin / Bitcoin Discussion / Re: A good way to promote Bitcoin or not? on: January 16, 2023, 10:16:25 PM
I think any method in which bitcoin is used as a means to transact is a good enough way to promote its usage to the general public. Although I think it would suffice if steps on how to create bitcoin wallets as well as funding them to let the ones who are not that savvy with bitcoin know. Cause in my opinion it would only cater towards those who already have bitcoin in their pockets. I think a huge signage or a poster on your store where you let people know you accept bitcoin payments could be good too.
Confidence...!

 There is no formula to promote, just believe and trust, put the notice in your business, that in itself is enough.

 We always see this request that you make on the merchant's side but rarely have I seen the story of someone walking into a business and saying "when are you going to accept bitcoin".

 OP
.  Another context same story "hit" and "acclaimed" 1000 times on this board
This is good. that actually makes sense.
If Bitcoin is legal in your country, this is a wonderful way to promote it. You can write something like "Bitcoin accepted here, pay in Bitcoin get 10% discount". Those who acknowledge Bitcoin will pay you in Bitcoin. Those who are unfamiliar with Bitcoin will be inspired by it. If this is the case, they may inquire about Bitcoin and conduct their own Google search. This indicates that you are directly adapting Bitcoin. On the other hand, it will assist in the expansion of your business. People will talk about you accepting Bitcoin and spread the word. As a result, you may gain more customers.
Exactly, discounts on bitcoin payments could work too so people are urged to use bitcoin as a payment option, and a good way to entice those who are not using bitcoin as well. Pair this with a good infographic on how to create bitcoin wallets as well as how to fund them, and your target demographic is set!
1860  Bitcoin / Bitcoin Discussion / Re: It is ok to sell your Bitcoin. on: January 16, 2023, 09:21:29 PM
I've been in this crypto space for a while now and there is this mentality instilled in people that seems selling ones coin is bad and one is heading to failure which is very wrong at least from my perspective.
I've always been on the track that investing in Bitcoin simply means buying low and selling high,  which I think is one of the keys to success in the crypto Industry. I always tell people that the moment you buy at a certain price and it starts rising possibly to a price that you feel ok and contented with, then you should feel free and confident to sell atleast to get the profit first and always use stop loss just incase the price drops, rather than having a little portion of Bitcoin and letting it get liquidated just because you want to preach and prove HODLing, trying not to feel odd.
So my question is:
~ Do people hodl just because others are HODLing?
~ Why so people hold rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?


Agreed. I noticed it too for quite some time and that mentality is pretty common and easily instilled amongst the newbies. Somehow the pros and the veterans aren't so much indoctrinated by said notion. Then again for me it's all a matter of capacity really. If you think you can still carry on holding coins despite the bear market, then by all means hold them til the bull market comes around. But if you greatly depend on the value of those coins you own then I highly suggest you pull out some, or maybe even all of it if ever. After all the not losing is still winning, and in this case we have to mitigate the losses you incur which will only be possible if you pull your coins out at an opportune time.
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