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1901  Economy / Economics / Re: Cryptocurrency is the biggest investment opportunity in the future on: July 09, 2021, 04:42:33 PM
We can't say that crypto currencies is the biggest investment opportunity, but it is indeed one of the biggest opportunity in the future. Not guaranteed though. But yeah, anyone can invest in cryptocurrencies with ease. It just takes few minutes to buy and hold. You should be learning about it first though before you start investing. But don't forget about the risk that comes with crypto currency investments. If you consider risk, then it is not the biggest/best investment opportunity. There are other things that you can invest in for the future, but is less riskier than crypto currencies.
1902  Economy / Gambling discussion / Re: signs of gambling addiction on: July 09, 2021, 04:36:25 PM
Gamblers don't realize they are addicted to gambling until it's worse which they've done unthinkable already like breaking the piggybank of his kid just so he could gamble again. But you as a gambler can also notice it to yourself before you get to the worse situation like selling valuables like jewelry so you could play again.
 
Is seeking a new strategy or thinking of betting while you are sleeping signs of addiction? If not, what are little signs that unfold you are becoming a gambling addict?
Obviously it's a sign of addiction if you keep on thinking about gambling when your are sleeping. You are said to be addicted when the thing you are doing starts to interfere with your personal life. It means you are addicted if you can't focus on your work and keep thinking about it. You will always have an urge and if you don't fulfill the urge, you won't be in a good mood. Remember, obsessions and addictions are two different things though. So yeah, even if you aren't selling everything, you are still considered a gambling addict if you suffer from those above symptoms.
1903  Economy / Gambling discussion / Re: The most profitable gambling strategies, what are they? on: July 09, 2021, 04:24:12 PM
There are no such thing as "profitable gambling strategies". If such strategies existed, no one would share it with you. The casinos would go bankrupt. Anyone telling you that he knows such strategy and willing to sell is just trying to scam you. Why would he want to sell such strategies if he can make all the money? The only thing strategies are good for is controlling your loss.
Of the many strategies I have used, I have never managed to win more than $200 during a playing session. I'm sure you all have different experiences with me because maybe you have a different gambling style than me. In the short term, can you tell me what strategy managed to make you win over $200 over the course of the game?
It's because in the long run, the house always win due to house edge. That's why, the more you keep on playing, the higher the chance of losing everything.
1904  Bitcoin / Bitcoin Discussion / Re: What if all the currencies in the movie are Bitcoin? on: July 09, 2021, 04:21:26 PM
Lol, if all currencies in a movie was bitcoin, we would be seeing them waiting for hours in line while buying a coffee. Jokes apart, I doubt any movies would do that. It would be an unnecessary act/event. They would do it if it made sense to the plot. Or else they would just avoid it. Like how often do you see in movies that focuses on money?
But there are movies out there that is about bitcoin or at least talks about crypto currencies.
1905  Economy / Economics / Re: Is the Bitcoin Giant Whale worthy of our respect? on: July 09, 2021, 03:37:18 PM
Well, you gotta respect them, because without them Bitcoin won't reach this far. Though it's true that they can do whatever they want to affect the market If they do massive transactions, but they have no full control over the market.
What makes you think that Bitcoin wouldn't reach where it is now if whales didn't exist? All whales do is hold coins, pump and dump. I don't "whales" participate in active development.
Again, thanks to the whales for retaining/holding their massive bags.
And will you still be thanking them if they start selling their "massive bags" that you are talking about?
-snip-
Will they control more than half or even more of the 21 million Bitcoins?
They never will be able to control more than half or 21 million coins. They will have to eventually sell to make profit. When they sell, the coins get spread. So as bitcoin becomes more widespread and more people starts to invest in bitcoin, there will be lesser whales in the market.
Bitcoin’s hype and currency prices have fallen dramatically.
Has it? Look at the long term charts and then tell me again that the price have fallen dramatically.
1906  Alternate cryptocurrencies / Altcoin Discussion / Re: CMC price is different from the one declared by official website on: July 09, 2021, 01:35:17 PM
Hello guys, I was looking at this altcoin called Swirge, added to my watchlist, but some things make me uncomfortable about putting some money in it, for instance, on CMC I see a certain price, then I look upon the website and I found another price, then I search through Etherscan for more info and I find the same price declared by CMC.


Before trashing this coin I was wondering if anyone here maybe could know if sometimes CMC can make a mistake by declaring a wrong price (maybe I will give it try by putting a few dollars just to see if the price is correctly calculated).



P.S: Final question, is the price on CMC (the main number you see at the top of the page) always calculated using the USD as a pair?......or could I find a coin confronted with coins like ETH, BTC, etc..?
CMC shows the average trading price from all exchanges. That's why you see price difference. Etherscan maybe does the same thing too. That' why both Etherscan and CMC ahs the same price. Actually,  almost all coin listing site will post average trading price. The official website is probably showing the price from a single exchange (likely from the one trading at the highest price). But, the sites can provide wrong data too. It has happened before, but they get fixed fast.
CMC shows the price in USD pair on main page. But you can click on the "customize" button and select price in BTC or ETH to see price in BTC or ETH on main page. You can check always the ETH, BTC pair by clicking on the coin though.
1907  Economy / Economics / Re: A message from my bank saying they will not allow me to purchase from Binance on: July 08, 2021, 09:29:08 PM
I got a message from my UK bank saying they will no longer allow payments from debit/ credit cards to Binance.  This is all to do with the UK FCA ban but I thought it was not going to affect us being able to use the Binance.com site, seems I was wrong  Binance will loose a lot of UK revenue if they do not become FCA regulated like Coinbase has done Sad
I have heard about it. Why did you thought it wouldn't affect you guys after the ban. Didn't binance give a notice saying that people from UK should withdraw their funds before December? Or did I read it wrong?
And yeah, they are going to lose a lot of revenue. If it going to affect them big time, then I guess we will be seeing binance.uk for you people. A registered company in UK that is FCA regualted.
1908  Economy / Gambling discussion / Re: Fighting Game Betting on: July 08, 2021, 09:22:31 PM
Are there any betting sites that are offering odds for fighting games like Mortal Kombat, Street Fighter, Tekken or Injustice 2 out there? Kind of like watching competitive of this games and trying to do bets with it and my friend is asking if there's one so in a way, this is his question that I am relaying.
Are you talking about esports? There are few sites that I think offer e-sports betting, but only on games very popular and has a very good player base. It's rare though, so I doubt you will find any casinos offering odds for the games that you have mentioned. Would be fun if there was a casino that offered odds for those fighting games, but instead of real people playing those games, its CPU vs CPU (AI vs AI). It's going to be really unpredictable.
1909  Alternate cryptocurrencies / Altcoin Discussion / Re: Dissapointments of the creation of the thousands of failed altcoins. on: July 08, 2021, 09:15:01 PM

First,  the creation of altcoins destroy other altcoins that could bring their project down. Why? Existing projects with exisiting investor may opt back out in the invested project and switch to other projects. This means that other project could go down and other investor in that project will follow to leave as well in the project and the altcoin will become a shit coin.
Isn't it how it is supposed to work? The superior one will always dominate. So if a new project with better tech and features are released, people will jump into it, leaving the old one behind to die. It's a good thing.
Second, Investor will have to chose between altcoins and with so many of them in the market it creates confusion especially altcoins with the same abbreviation or altcoins sound or rhyms the same but are actually different project.
If someone is going to invest their money, they are going to do proper research and learn about the coin they are going to invest in. If they get confused because of "similar abbreviation, name or rhyme", then well, they didn't do enough digging and all they wanted to do is invest in that shitcoin and get rich real quick. So if they lose their money, then they deserve it for being greedy. At least they will learn a lesson from it.
1910  Alternate cryptocurrencies / Altcoin Discussion / Re: How much did you earn from airdrop? on: July 08, 2021, 09:05:09 PM
You just mentioned like three coins from which people made profit. There are like thousands of airdrops taking place everyday. So, yeah. This means that you need to be very lucky if you want to make any profit from the airdrops. It's like collection trash and then getting very lucky. It's not worth it to be honest. You could be doing something more productive and be earning more on the process. So stop hunting for airdrops. It was profitable once upon a time. It now no longer is.
1911  Economy / Gambling discussion / Re: What does it take for a game to "hook" people on: July 08, 2021, 09:00:03 PM
I am asking this because I do have some short of an answer for videogames and for massive multiplayer games and even for social network oriented games. Videogames require a great design, good difficulty grading, an story that engages the user, massive multiplayer and network oriented are a lot about the interactions and how varied and fun these are. However, for casino games, it would seem that these factors are not really the most important ones. You can see games with very basic graphics and design, simple in the options for the player and not that engaging yet they do "hook" people in them.
What do these games have to have for you?
They don't get hooked to the games. They get hooked to gambling. They will get more hooked when they see that they are able to win a lot. This means, you need to have good payouts and odds for keeping people interested in your casino. Maybe lower the house edge will want people to keep on playing on your casino. Good music, design and animation might also get people hooked in those games.
1912  Bitcoin / Bitcoin Discussion / Re: I need help, 10 factors that make Bitcoin decentralized. on: July 08, 2021, 08:47:42 PM
I’m working on a project, and I need input. I am trying to take every factor associated with Bitcoin/altcoins and rank them by “how decentralized” they are. Bitcoin is the gold standard, but what quantifiable factors make it the most decentralized crypto? I’m looking for 10 (at least).

What makes a project decentralized:
1) Is the creator known? Yes or no
2) how are the coins distributed? (Obviously the less spread out, and fewer large bag holders the better)
3) number of full nodes being run? (The more the better)

Can more technical people help me come up with at least 10 factors? They have to be quantifiable.
I guesses other users already gave you the rest 10 factors that you were looking for. To answer your question:
1. Creator making himself unknown truly did took the most "decentralized" decision. The creator knew that if his identity was known, people would start "following" him. Which means he would have a great influence on the system. If he had any influence, would it be decentralized anymore? Nope.

2. The more spread out it is, the better. If a small group hold majority of the coins, they can manipulate the market with ease.

3. Correct, more nodes, more decentralized.
1913  Economy / Economics / Re: The first rule of investing is saving on: July 08, 2021, 08:25:35 PM
It is fairly obvious, but there are people out there that have written 200 pages self-help books and made a fortune out of them by simply stating this simple fact of life: "you can invest your savings. If you ain´t got any, you ain´t gonna invest". (I admit you could argue that you can borrow but still nobody ain´t lending ya if you ain´t gonna givvet baksh).
-snip-
You should never invest borrowed money on crypto currencies. Trust me, you will regret. The market is very unpredictable. You might lose all your money within seconds if you make one mistake. You might think that you may be able to return the money next year with profit, but the exact opposite might happen. Don't forget the golden rule "Invest what you can afford to lose". You think you can afford to lose borrowed money? I don't think so.
1914  Economy / Economics / Re: Vietnam Becomes Latest Country to Turn to Crypto on: July 08, 2021, 12:30:04 AM
According to a July 4 report by The Phnom Penh Post, Vietnam's Prime Minister Pham Minh Chinh has called on the country's central bank to pilot a blockchain-based cryptocurrency over the next two years. Set up.
The initiative is part of the Prime Minister's e-government development strategy.
Chineh, the 62-year-old leader of the country's main communist party, called digital money "an inevitable trend." Apart from crypto, Vietnam will also focus on implementing such advanced technologies as big data, artificial intelligence, and augmented reality.
In May, the Vietnam Ministry of Finance set up a research team tasked with reviewing cryptocurrency regulations.
Earlier in 2017, Vietnam imposed a ban on Bitcoin payments.


Source: https://u.today/vietnam-becomes-latest-country-to-turn-to-crypto
You mean they want to regulate it now? They probably banned it before because they weren't ready to handle crypto currencies. Now they want to study it and then start regulating it like most of the countries are doing. It's both a blessing and a curse. But still better than being banned. Now it's going to be more better if they announce that it is a legal tender on their country. More country will then eventually follow.
1915  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth buying other cryptocurrencies other than bitcoin? on: July 07, 2021, 10:50:13 PM
I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?
This probably means you didn't do your research properly. So you shouldn't be investing on anything if you haven't. Bitcoin and ethereum are two different platforms with different use case. Almost every (other than those shitcoins and clone coins) crypto currency was made with different use cases. You can't compare any of those. To answer your question, yes it is worth investing depending on why you are investing. Is it because you want to use their platform? Or is it because you want to make profit?
1916  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Cryptocurrency is best for long term investment? on: July 07, 2021, 09:10:07 PM
Based on the list you provided, no doubt it would be best to choose bitcoin and ethereum. They both have been dominating the market for a very long time. They both have a huge community support along with active developers. So if you are looking for long term investment, I don't think you will be regretting holding those two. Just look at the charts and see how far they have come in terms of value. The rest of the coins that you have mentioned are just a hit or miss.
1917  Bitcoin / Bitcoin Discussion / Re: How to distribute 21 million Bitcoins for a population of 7.8 billion? on: July 07, 2021, 07:49:34 PM
   
    The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?
You make it sound like everyone needs to have bitcoin. This is not how it works. It's like saying how will you distribute all fiat money among 7.8 billion people. You don't. If you are wondering how will everyone use bitcoin when it becomes mainstream because of limited number of coins, then probably we will find out a way. Maybe a unit smaller than satoshi?
1918  Bitcoin / Bitcoin Discussion / Re: What do you think will happen to Bitcoin in 100 years? on: July 06, 2021, 11:40:53 PM
We don't even know what is going to happen in next 10 years, and you are talking about 100 years? It might become a mainstream currency. It might have replaced fiat. It might just be used as a store of value like precious metals. Or it might just die. A technology might be invented that is much better than bitcoin. Or maybe a huge flaw has been discovered that killed bitcoin (though I am sure people will come up with a solution to fix the problem). Or maybe we invented a very super fast computer that can break the chain or the keys in few seconds. See? So many possibilities.
1919  Economy / Trading Discussion / Re: Why can a piece of news from the Chinese government affect the price of Bitcoin? on: July 06, 2021, 11:31:26 PM
On July 6, the Central Bank of China closed down a Beijing-based company that provides software services for virtual currency transactions, and reiterated that no institution within its jurisdiction should engage in such transactions.
After the People's Bank of China reiterated its long-standing anti-crypto stance and warned institutions not to provide services to crypto-related companies, Bitcoin cut its earlier gains.
Why does the negative news from China always affect the price of Bitcoin? When does Bitcoin become less sensitive to negative news?
The crypto currency market is big in China. Hence any negative news from China will have an effect on the price of bitcoin. This is because, as soon as China announces something that goes against bitcoin, isn't it normal that their people will start selling their coins they are holding? And with this the rest of the world also starts to panic. So they start selling too causing the price to dip further. The recent mining ban also had a very huge effect on the bitcoin network. These are just temporary though. The affects are seen only for short term.
1920  Economy / Gambling discussion / Re: Are you a gambler? on: July 06, 2021, 08:10:22 PM
I thought this was a gambling discussion board. What's wrong with discussing about the sportsbooks, performance and the games? You will know when someone is bullshitting by just reading what he wrote. As long as its not off topic, I don't see anything wrong. And I have seen threads about people discussing about odds. So I am not sure where you got this from. I don't post here because I don't gamble much. I only post when someone is looking for a good casino recommendation.
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