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1841  Economy / Gambling discussion / Re: Million dollar win on $15 parlay whoa on: August 02, 2021, 07:03:31 PM
Such an insane multi and lucky ticket  Shocked
My max multi was 1000000x on limbo and I got that multi less than cent bet, that was a juicy hit but not enough to cover the overall gambling loss. This type of hit is better than winning the lottery, at least you will not get the same win twice ever, he just used his lifetime luck on this bet.

This is a sweet victory as at least the bettor could explain how he came up with his combination of winners, unlike in lottery where you just pick the combination numbers without a reasonable basis, or just simply for luck only. If I'll be lucky, I also would want to win in sports betting big parlay than in lottery.
1842  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why shiba inu not come 1$ on: August 02, 2021, 06:39:49 PM
Of course total suply is the main reason why shiba inu can't reach that price, $1 is very unrealistic target and i 100% believe it will be impossible to happen for shib to reach that price. I know everything is possible in crypto but for this kind of meme coin like this without working product, it will never be happen.
Everything is possible if the prediction is realistic, but for a project with this total supply "1,000,000,000,000,000" , it will never happen.

We got too hype with this coin, I'm sure in the future there's someone who will be blame for this, like people are looking for someone to blame when Dogecoin will start dumping.
1843  Economy / Gambling discussion / Re: Taxes on gambling send the right message? on: July 30, 2021, 02:06:02 PM
However, other countries simply set high taxes to these activities, which I think is a false morality, as if by paying these activities can be less questionable. (Note: I personally do not question regulated gambling).

The "sin tax" is a pretty common way to profit from behavior you would like to curb as a government.  I actually think it's a good way to handle the situation.  Rather than force your citizens to do thinks "underground" and risk their safety engaging in business with possibly unscrupulous characters, they just have to pay insane taxes.  This also probably helps the losers a bit, as they can at least get a decent tax break for a run of bad luck.  In the US, some states have some pretty crazy sin taxes on alcohol and tobacco that make it difficult for some people to engage in those activities.
But isn't there a harmful equilibrium between insanely high taxation and prohibition? I am sure there is!
From my own view, there's no harmful equilibrium between high taxation and prohibition. If there's the organization that operates the business will have quit and the last time I checked they are making huge money through the business.


Exactly, that's the logic, high taxes on casinos is implemented because this industry is making a lot of money, it's a fair judgment by the government, they also want to benefit from the money spent by their people, and if those taxes are really high that the operators cannot operate a profitable business anymore, then it's also a loss for the government.

What I'm saying is, the government has the most qualified people who evaluate the economy and they see the numbers, so they'll not likely make a bad decision to create a law without the right basis.
1844  Economy / Gambling discussion / Re: Online gambling becomes popular on: July 30, 2021, 01:38:35 PM
Although the people of the world are under house arrest due to the epidemic, they are involved in various online based activities. They're trying to adjust themselves with various gaming, betting and gambling site with incoming but they don't know they are becoming a real gambler.
It's not house arrest, staying at home is the key to be protected and won't be a potential carrier. It's done by everyone to stay safe and we can't do anything with that and even you have received full shots of the vaccine, it's still recommended to stay at home.
And this isn't just an epidemic but a global problem for this disease and called a pandemic. As everyone stayed at home for long and will keep staying, it is true that it's an adjustment that everyone has to be done because we don't know how long this pandemic will stay and and when it will end.
People are encouraged to stay at home but with the existence of the vaccine, we are getting back to normal again. Online gambling is a really good option for people who just want to stay at home while gambling, but it's still more fun if you go to a casino so you can socialize with friends and people you may meet in the casino, the main point of gambling is to really be entertain, so you have to see for the best entertainment for the value of your money.
1845  Economy / Gambling discussion / Re: Tokyo 2020 Men's Olympics Basketball Tournament on: July 30, 2021, 09:20:08 AM


What do you think about the level of the teams in these Olympics? I realize at these olympics in Japan, the teams are very balanced.
Do you believe the USA team level dropped a lot? Or was it the level of the other teams that increased?



They just beat Iran, and they showed power by beating them with a wide margin but this team already have three losses including the exhibition games, we will only know this if they face another strong team again like the Czech Republic, Spain, or Slovenia, they have the momentum now they are now blending well but well only know if they can handle the pressure against a strong team from other groups.

Team USA although is not perfect in this tournament, they are still the favorite to win the gold, they have to win the succeeding games and thus far, they showed how good they are and probably they already learned from their big mistake in the first game.

next game will be on July 31, 2021
https://www.usab.com/mens/national-team/schedule.aspx

Quote
July 31, 8:00 am EDT
USA Men vs TBD (Saitama, Japan)
1846  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum to 100k? on: July 30, 2021, 09:09:10 AM
maybe in the near future or later ethereum can reach $100k. especially if positive news about bitcoin comes one after another, of course, more and more people will need it and this will result in a high price offer. but indeed we must faithfully wait to see it happen
At a 100K price per ETH, it would take a quadrillion amount of money which isn't present at 2030. I respect and love eth but let's be realistic here. I doubt that Eth could reach the highs of reach BTC has. However, If that happens(which I really doubt would happen) BTC would probably be at a 500K$ mark. Furthermore, a more realistic 10K$ is achievable up to 20K$.
that price is indeed isn't realistic. if we consider how many eth mined as well from each block that amount will seem illogical and unrealistic.
to be honest, I prefer eth to stay at around this price, that is below $10K, remember that with this price we already having bad time with the gas for transaction or token sending, cant imagine whats gonna happen if the price reach that high, maybe a lot less people will stay using eth.
Eth 2.0 is most probably be deployed this year. It could solve the problem with congestion of network and more likely lower down the price of transaction fee. However, if this speculative price would be reached, I don't think that the transaction fee problem would still be solved by layer 2 solution. Most probably, projects will transfer to another network.
They should have implemented that a long time ago, because of their delayed implementation, BNB has taken a spot as some investors are transferring their investment to BNB, well, ETH still has a good price now, still at the number 2, number 1 in the altcoins market but we can never be certain that it will stay at that position knowing other projects keeps improving as well.
1847  Economy / Speculation / Re: Next Bitcoin price Benchmark on: July 30, 2021, 07:57:56 AM
Hard to guess, but if bitcoin will pump to $43k, then I think we might see a continuous increase and we will be back to $50k easily.

Bitcoin price movement is really volatile, it's also unpredictable as well, so let's make a decision based on our personal analysis.
Also, consider the news or the speculation that brought bitcoin to this price again, if it's big enough to sustain, then we should stay bullish.
1848  Economy / Speculation / Re: Are you bullish or bearish this year? on: July 30, 2021, 07:17:11 AM
With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.

Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?

Share your thoughts and what's your basis, it will help everyone to decide.
I think i am on bullish this year, with some massive dump that currently happen, i think will be accumulation time for the big guys and they will do something to take profit with that. No technical analysis honestly, but sometimes it happens. That is why when we see price on peak or maybe already in high price for a long time, we should be ready for dumped price that can happen anytime so people can be prepared for that.
The bullish movement has started already, from below $30k, bitcoin has pumped to above $40k though it's not consistent, however, I still believe it's a good sign for the market to be bullish as it's a big bounce back, but we also have to open the possibility of a scenario that it could only be a trap.
1849  Economy / Gambling discussion / Re: 2021 NBA Season Champion: Milwaukee Bucks on: July 30, 2021, 01:25:16 AM
Yes the Lakers got a reliable and a talented triple-double guy in Westbrook but lets not forget the contributions that Trez KCP and Kuz to the Lakers team. Trez and KCP are a good defenders and Kuz is a good role player at least.

The problem with those guys is "consistently inconsistent" lol. It's way better for me to ship those as I don't know on what part they contribute big out from their inconsistency. If Lebron James and Anthony Davis aren't present, no one from that 3 is stepping up or just in a few situations.

If the deal will be finalized and Lakers got Westbrook, they won the deal. Westbrook can carry a team consistently. Lakers are surely in good hands whenever Bron or AD, in case, sidelined or not present.

On the other hand, Harrel, KCP, and Kuzma will be a good addition to the Wizards. They lack supporting roles so they have also won the deal.

Obviously, the Lakers will still be the big winner in the offseason trades, however, that is just on paper as we hype the Lakers last season but it turns out the trade or acquisition of players did not work well. By the way, is Drummond staying with the Lakers? they still had Gasol, right?
1850  Economy / Gambling discussion / Re: Tokyo 2020 Men's Olympics Basketball Tournament on: July 30, 2021, 01:06:47 AM
Tomorrow team USA will play again and to be honest it is the only team besides Italy I care about.
Still shocked at how they lost their 1st game, now they need to win the last game or they will be out it is most unlikely but who knows.

Still mad at them since we can't see Lebron Angry

I think he never played in the games while some other athletes do everything they can to be there.

Lebron already did his part, he already brings gold to the country, and he is not getting any younger so the NBA is just giving their young players who are also capable and still hungry at the same time. I'm sure USA will win in their next game.
1851  Economy / Gambling discussion / Re: 2021 NBA Season Champion: Milwaukee Bucks on: July 29, 2021, 01:01:58 PM
Let's just assume that it's true, and my opinion is only based on the current allegation, if it's proven false then it will invalidate my opinion.

It's been almost a day since Kyrie made that post but why still no news or source backing the Nike here? They should release a statement even a short one.

Remember that Kyrie shoe sales are one of the tops and that being said, many NBA players even wear it on the actual game. It makes sense that he's the one giving Nike the most benefits here.

For now, let's stick with our own opinion until the other party released the statement. I'm siding with Kyrie for now.

Agree with you on that matter, let's side with our emotion as that's all we can do now, since I assume it's true, then I will side with the Nike here. IMO, Nike would not issue any statement even if it's true as it will only create a scandal and it's not good for the sales of the Nike.

look one bad statement of their endorser could result to a drop of sales, probably millions of dollars, but that would not affect much to the endorser as he is already paid either in full or partial.

Nike does not want this to happen to them.

Coca-Cola loses $4 billion in market value after Cristiano Ronaldo shuns Coke
1852  Economy / Gambling discussion / Re: 2021 NBA Season Champion: Milwaukee Bucks on: July 29, 2021, 12:08:02 PM
Kyrie Irving has even started bashing his sponsors now. In an Instagram post today he mocked the latest Kyrie8 show design and urged his fans not to buy it, claiming he wasn’t involved in the design and marketing process. This guy is a cancer to everything he touches.

Isn't it making sense for Irving to mock Nike for something he wasn't involved? While Kyrie is getting benefits from these sponsorships, his name also contributes big to the name of Nike. Both parties should know it. He inked a contract for that although we don't know the full terms specifically about the part of the planning the design and marketing process.

I will disregard his behavior in NBA but for that issue, if it's really true, then I side with him.

If that turned out that Kyrie is just misinformed, then I will change my mind.

That's very stupid to mock a company that is paying him, I don't believe that he is not aware of all the terms as before he starts promoting the company or their certain brand, there is a contract signing where everything is in paper.

Paying him? lol. Sounds like Nike doesn't have the benefit of sponsoring him on the other hand? Then these companies completely owned the NBA superstars?
I'm not saying they own a superstar, they are binded into a contract and it's inappropriate for a player who is endorsing a product to mock it, that doesn't make sense at all, why not just cut the contract and look for other companies that will trust him to endorse their product.

Look, before Kyrie got popular, Nike is a very successful company already, Irving would not make millions if he was not hired to do the job for the company, and the company could hire another superstar to promote their product, but if Irving will not get a contract, he will not make millions.

you know what I'm saying?

To make us clear here, post or share the terms here if you have them so we know the real story, from an accurate source. I've found no article or news supporting that Kyrie is the main problem with that. Maybe he is wrong with his choice of words and I agree with that.

As I said, if Kyrie is misinformed, I will change my mind siding him on the issue and I will join your overreacting rage regarding the issue.

Let's just assume that it's true, and my opinion is only based on the current allegation, if it's proven false then it will invalidate my opinion.
1853  Economy / Gambling discussion / Re: Why the martingale system sucks! (doubling down on losses) on: July 29, 2021, 11:42:06 AM
That is an interesting question, I really think that part of the answer to that is that people do not understand probabilities at all, many sites recommend martingale as a winning strategy either because they do not know better or just as away to try to incite people to gamble, but make no mistake martingale does not work, even if you have a 99.99% chance to win every single bet and a 0.01% chance of losing if you bet for long enough you are bound to lose and when you lose you will lose all of your capital.

I think it was a year ago when I become active in gambling that I participated in a discussion of a newbie exploring martingale it looks and sounds logical because you have to just double your bet every time you lose and you will eventually recover all your losses for the last ten rolls, it's very attractive for newbies but if you asked those who are very much into dice there are losing rolls that can go up to 20, I haven't reached that, my highest was 16th but with a house edge in favor of the gambling site, it will eventually catch you.

This has happened to me and in the end what happens is that you are out of money unless, you have more money to play with and add funds to the site and make it double. But once you cross 10-12 reds the amount to bet becomes higher and its difficult for many to take more chance beyond that unless you are rich to bare the further loss in case if still the red keep on coming for 15-20 rolls continuously. Better to set a limit by yourself that beyond x max red you will not bet it.

10-12 streaks are too much to bear, i start with $1 and it's still something to think about when you experienced the successive 5 loss, sometimes when this happens while playing with dice, i'll just try from roll under to roll over. sometimes it breaks the 6th.  i think i've read this strategy here as well.  but then you got to learn when to stop though. always remember that the odds are always in favor of the house.


That's already 16 USD as your base bet if you look at 5 streaks, it may not be too big but if you get into 12 streak max, that would be 2048 USD bet to win 1 USD, the question is, are you willing to take that risk?
1854  Economy / Gambling discussion / Re: 2021 NBA Season Champion: Milwaukee Bucks on: July 29, 2021, 11:07:00 AM
Kyrie Irving has even started bashing his sponsors now. In an Instagram post today he mocked the latest Kyrie8 show design and urged his fans not to buy it, claiming he wasn’t involved in the design and marketing process. This guy is a cancer to everything he touches.

Isn't it making sense for Irving to mock Nike for something he wasn't involved? While Kyrie is getting benefits from these sponsorships, his name also contributes big to the name of Nike. Both parties should know it. He inked a contract for that although we don't know the full terms specifically about the part of the planning the design and marketing process.

I will disregard his behavior in NBA but for that issue, if it's really true, then I side with him.

If that turned out that Kyrie is just misinformed, then I will change my mind.

That's very stupid to mock a company that is paying him, I don't believe that he is not aware of all the terms as before he starts promoting the company or their certain brand, there is a contract signing where everything is in paper.
1855  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin vs binance Coin on: July 28, 2021, 03:10:29 PM
There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
Not at the current stage, I did not see any big development of Litecoin while Binance has a lot of big development, the reason why investors are still putting their trust in BNB. We can't make a conclusion now as we don't know what would happen in the future, but if you will weigh them now, the potential to succeed more is for the BNB.
1856  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why shiba inu not come 1$ on: July 28, 2021, 02:21:53 PM
Please explain, why shiba inu not come 1$ ? Total supply?

Because it's impossible.

https://coinmarketcap.com/currencies/shiba-inu/
Quote
Total Supply
1,000,000,000,000,000

Look at that huge supply, I can't imagine the price will rise to that value unless the world will go crazy and get stupid investing in this coin.
It will not happen, better be realistic and look for other coins, IMO, this one is not worth to invest with, don't believe in hype.
1857  Economy / Gambling discussion / Re: Tokyo 2020 Men's Olympics Basketball Tournament on: July 28, 2021, 11:50:51 AM
I couldn't watch USA - Iran game because it was too early but there were no surprises here. USA won with 54 points difference. If I could make a bet I'd choose at least 30 points margin for USA win.
Now we will watch Czechia and France game, while everybody expect France to win comfortably I wonder what would be the handicap to make bets. By the looks of odds 9 points difference is average expectation, though I expect France to lead at least by 10 points.

I guess the spread was below 50, so it's an easy win if you could have put a bet on the USA to win, they loss against France, so it's expected that they'll bounce back strong, sad for me too, I have not thought of betting on the USA, that game was lost in my mind.
1858  Economy / Speculation / Are you bullish or bearish this year? on: July 27, 2021, 09:50:59 PM
With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.

Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?

Share your thoughts and what's your basis, it will help everyone to decide.
1859  Alternate cryptocurrencies / Speculation (Altcoins) / Re: TRX to $1? on: July 27, 2021, 09:20:47 PM
It is a slow process most of the time, regardless of how old the coin is and so on. Recently, there has been a price increase in TRX, and I personally appreciate the concept of tron, without comparing the smartness and speed of transaction. This will grow when more projects are configured under it, similar to how BSC is virtually taking over.
BSC is so successful because they got Binance as their exchange who has been trusted by a lot of people and is undoubtedly the number 1 exchange in the market. Thus far, TRON does not have that, but they can always focus on a different way of marketing, besides, they have not a problem with liquidity as they are listed in different big exchanges in the market.
1860  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP is pumping now. on: July 27, 2021, 08:59:11 PM
This is impressive news that we seen XRP pumping that much, And I did not expexct XRP are going to followed to bitcoin and etherium to raise the price. And its a good decision that I make on the past month to buy some XRP because I was fan of this coins since I saw in such a low of transaction fee and have a good value. Actually if I have some kinds of coins in any exchange site I was convert it to XRP.

It seems to me that this is not surprising. After all, the project owes its price drop to its litigation, which would not have happened in the normal state of affairs. Therefore, it is quite obvious that now we are witnessing a frenzied growth of the project in view of the fact that people began to return money back by buying it at a discount. The situation will be very interesting if the project loses at least one court, which will again lead to a drop in prices.



It's very crucial, we have to wait for the result of the litigation, if they loses then the price will dump as people will panic, but if we believe that Ripple will survive and win the litigation, then we should see some pump, it depends on how we see the future of Ripple, IMO, the decision is a big news and we need to follow the update if we want to make sure we can do a timely decision to buy or to sell.
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