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1921  Economy / Gambling discussion / Re: 3billion casino with a crypto trading floor. on: December 12, 2021, 12:00:08 PM
What the hell is a flying car pad? Pretty sure that there's no commercial flying car available yet so I don't think it's a good idea, it's not to keep up with modernity, that's the future they're talking about.

This is definitely a really big one and I do like the name Mirai, pretty cool for a casino if you ask me. Hopefully this gets in Manhattan rather than other cities because I feel like Manhattan has more people than Long Island.
1922  Economy / Gambling / Re: BitVest, The worst casino I have ever seen on: December 12, 2021, 10:07:55 AM
You're whining because support is not addressing your concern other casinos will just ignore this kind of issue because it happens because of your carelessness, if you want to know the worst casino here, why not try to play on 1XBIT once they scam you, you will change your perception on Bitvest, they maybe not good right now but they are not the worst casino to play.
Don't victim blame too much, you're invalidating what he's experiencing even though there's a problem in both sides but it shouldn't be a cause for us to pin it too much on OP, I mean Bitvest should resolve this issue because they've been in this forum for a really long time so I don't see how they're exempted to not resolving their issue. To OP, you should be patient, you made a complicated transaction so you're at fault to some degree.
1923  Economy / Economics / Re: Mortgage are most wrong financial decision you can make on: December 11, 2021, 07:04:00 PM
~


To give out 20-30k for down payment i dont get nothing for this really just more the obligatoion to pay debt.
Better use money smart way why should u give to banks ?
Take the 30 years mortgage plan u are 30...you get payed when you are 60 its grazy anything could happening ...

When you take ur mortgage down payment just keep that money wait for crash and buy things cheap in this inflationary money printing scenario we are in now more often crashes occurs.

Or take ur 30k go some cheap place buy house there and rent it out not good to just give away  for so called " mortgage down payment"
Also ur morgtage monthly payment are quite similar with rental payment adding up your 30k also we get quite bad financial decision here to get mortgate
Well, you don't pay that amount if you don't have any means to sustain the payments and to keep things going. You're saying is bad because you're buying a house immediately when you know that you're money and what you're earning isn't enough. You buy a house and pay mortgage when you know that you'll be able to pay it. It's not a bad financial decision, you just suck at making a plan on what you should be putting your money in.
1924  Economy / Economics / Re: A majority of Gen Z investors think crypto will make them millionaires on: December 11, 2021, 06:15:42 PM
It's because of all these crypto influencers that flex and flaunt their cash, their trades and brag about how they wake up at 5 am is causing all of this false belief that cryptocurrencies are a gateway to making lots of money in a short time, these egomaniac people impose a belief that everyone can be a millionaire and that cryptocurrency will change their life but we all know better than that and we know that it's not the case. There's no cure or solution to this problem, the people who believe these narcissists have to experience a big L and hopefully have some reflection and self discovery will spark among them that will make them think that what is effective for others might not be for me.
1925  Economy / Economics / Re: The gold confiscation of 1933 on: December 11, 2021, 05:14:32 PM
If there's an important lesson that history will teach us about how governments work, it is that it's almost always certain that they will fuck up and cross the boundaries that they also have set initially. Bitcoin at the least provides some assurance that we will be protected from this event somehow, but you can never be sure until when will the government be able to hold the fort and not do the same shit over again.
I don't get how people are still supportive of their own government though, as if they really care about them that they die fighting for them. Man, I do hope that these lessons would go through many people because our current generation is becoming willfully ignorant and woke at the wrong things. Setting aside my hatred of governments that sees their citizens as pawns, I think that the confiscation is a good thing, the article briefly mentioned the prevention of trading with enemy states and that they see that hoarding is going to affect the bounce back and growth of the economy in the long-term so they did this.
1926  Economy / Economics / Re: Mortgage are most wrong financial decision you can make on: December 11, 2021, 04:32:30 PM
What a dumbass, not all your money should be put in an investing instrument, there are other forms besides the investing that you're talking about and the one that you're saying that's bad way to spend money is actually a really good investment which is real estate and we all know that real estate will only go up in value thus placing mortgage to pay for your own home is an investment itself especially if you want to settle down, renting would be bad long-term. But I can see where you're getting at, mortgage is expensive but to say that it's a bad investment isn't really a fair statement.
1927  Economy / Economics / Re: Did you realize in real life how Bitcoin gave us financial freedom? on: December 11, 2021, 02:16:46 PM
The moment that I was able to buy stuff for myself without any worries of how much I am going to spend, I think that it's that time that I have experienced financial freedom. And I think that everyone have felt it early when they've made profit from bitcoin either from hodling or being there since day one.
1928  Economy / Services / Re: [OPEN] Arcona.Space | X-Reality Metaverse | Signature Campaign ~ Sr. Members+ on: December 11, 2021, 02:35:46 AM
Your bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=932359
Your current posts count (including this one): 1424
BTC Address: To be updated
BSC BEP20 Address: To be updated
Amounts of merits that you earned in the last 120 days: 7

Will change signature and avatar if accepted, it's a bother to change instantly since I am on the phone.
1929  Economy / Services / Re: [OPEN] Blackjack.fun Signature Campaign | Up to $75/wk | on: December 09, 2021, 07:56:36 AM
Your bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=932359
Your current posts count (including this one): 1423
Amounts of merits that you earned in the last 120 days: 7
Your blackjack.fun username: pinggoki
1930  Bitcoin / Bitcoin Discussion / Re: Going public saying you own Bitcoin is not safe anymore on: October 24, 2021, 08:31:42 PM
Unless you're an influential figure with capabilities for bodyguards and such, it would definitely be dumb to publicly say that you are owning bitcoin or at least earning lots of money for that matter. That's pretty much a go signal for criminals and people who would want to take advantage of you to do their own bidding. It's better to be lowkey in things like these because not only will you stop people from doing malicious things to you in hopes of getting on your money, but would also stop unnecessary expenses in the process.
I actually do not understand why does anyone needs to yell at public that he owns some bitcoins. It's exactly like you stand and yell I have 1 million dollars in my pocket right now. This can be a good chance for the criminals to even murder the bitcoiners. Bitcoin came to help your economic privacy so none would understand how much you own unless you tell them yourself and of course due to the price of bitcoin many people will try to somehow catch you to catch the bitcoins, I believe by increasing the price of bitcoin we will see more stories like this one.

Some people just like to brag and be proud of what they have, it's embedded into our systems as humans. Now whether these people do succumb to this pride and be boastful about their earnings is entirely up to them. They just have to bear with the consequences of publicly saying that you basically own one of the biggest store of value assets in the market as of now. Which is hackers, scammers, and people who will be willing to kill you for your bitcoins in severe cases.
1931  Economy / Speculation / Re: Will BTC reach $100,000 in December? on: October 24, 2021, 07:43:44 PM
If bitcoin continues this upward trend up until let's say November, there's a good chance we could hit 100k by the end of the year given the fact that bitcoin has little to no resistance beneath it that could impede with its pump. But honestly speaking there will be obstacles along the way that could stop bitcoin from reaching such high numbers by the end of the year so I expect it being able to reach this amount by Q1 of 2022 or Q2. The opportunity is still there but with a little bit of realism we could see how things really are going for bitcoin.
I guess other coins in this crypto space got nothing to do with the progress of bitcoin; but moreover, those coins are diluting the easier possibilities of getting into $100 by distracting the investors. If all the new investors put all their money only into bitcoins then probably we are might be trading around $150k levels by this time by a rough estimates.


Other coins have nothing to do with the progress of bitcoin, but bitcoin itself has a great influence in advancing other coins in the market, the proof is that every bitcoin goes up, then other coins will also experience the same thing, although the increase is not so big on the selling price of other coins, and it is possible investors put all their money to invest in bitcoin instead of other coins will also have an impact on price increases, so they don't just get profits on bitcoin investments.
This is more apparent last year when bitcoin was able to reach 30k by December, whereas ETH stayed at a very high 1k USD as well. Goes to show how impactful bitcoin is to other cryptocurrencies in the market. I still think there is some effect on bitcoin when other cryptocurrencies pump or dump but it's so minimal we might as well just disregard it. Rarely do I see investors in their right mind who are putting all their eggs in one basket when there is enormous opportunity to diversifying their assets.
1932  Bitcoin / Bitcoin Discussion / Re: Bitcoin will bring the chaos what the world need. on: October 24, 2021, 06:30:10 PM
Not so much as chaos but an upheaval of unnecessary and unhealthy past behaviors that we have acquired from thousands of years of using FIAT currency. I don't see bitcoin causing wide disarray once it gets fully integrated into everyone's lives really. But a gradual and much more calmer approach is what seems to be the path we are taking in this massive adoption we are talking about. Honestly speaking I believe in the saying that haste makes waste so I don't mind bitcoin taking its time to reach people from all nationalities, long as we get there we're good.
I'm not sure that bitcoin is actually brining any sort of "chaos" to the world.  I suppose to some countries leadership, such as China, would say that this is the case, but I personally see it more so as brining order to much of the worlds currency.  Also, Satoshi is surely a genius of some sort, but to say he's the worlds greatest genius ever I think is a bit of a stretch.
Not chaos, nor order is what bitcoin will bring should it be fully integrated as a staple replacement for fiat currency in the future. Instead it is an upheaval of old traditions and old systems that we have been so accustomed with considering the fact that we used fiat and all of its forms in the past thousands of years. Sure there may be backlash about it, critics may say negative things and they will continue to do so, but at the end of the day what's important is we get to the goal we want to achieve.
1933  Economy / Gambling discussion / Re: Going for the Underdog or Not? on: October 24, 2021, 05:45:10 PM
In any case, that highly depends on whether that $10 is everything I have or if I can still go for another bet even in the event I lose. if I do not have enough funds for betting other than that 10 bucks, I'd still choose the underdog because I could lose at that spot and call it a day, but if I still have money left to spend, I think I would spend it on the people's champ knowing that there's a slightly higher possibility that he/she will have an edge of winning over the underdog, regardless if I were to only earn 3 bucks from it.
I would never go for a bet before evaluating all the information available.
Having said that, the underdog bet is something I love and would never miss an opportunity to back the underdog and that can be applied to all sports events including UFC. When it comes to the underdog it all boils down to the information you have and what you expect to see out of your favorite fighters. You also need to know who you have to beat. The bigger the names, the harder the challenge for the underdog.

Analysis is really important in placing your bets because you could bet all you want and let everything fall into chance, and sacrifice losing what may be won if only a little bit of research was done beforehand. Or you can research preemptively to gather information against the players and use it to formulate a better approach that will amp your chances of winning by even a few percentages. Honestly I'd take the latter even if the edge of increase is just teeny-weeny. Small edge at winning is still better than no edge at all.
1934  Economy / Economics / Re: A tale of the two parasites on: October 24, 2021, 04:44:31 PM
This is the reason why the divide between the poor and the rich blurs even more today than in the past, and not for the better. The ones most affected are the people who are not rich but are not poor either, those who are able to live stable, well-off lives. They are left to of course care for the sentiments of the poor but at the same time under the rich parasite's tyrannical hold. What can we do about it? provide help and information when needed, and stop nourishing the leeches of the society basically.
Wealthy people always live in a prosperous way in society they are not parasites the poor live like parasites like the rich do not improve their normal life journey the biggest victims are the poor people many of whom ‘eat day by day. This stagnation has also had a major negative impact on people whose incomes are slightly above the poverty line but because the economic base is fragile these people are helpless, they can be catastrophic in any disaster or economic crisis.
This is what I am saying. The economic divide between the rich and the poor is becoming more and more unrecognizable, which is good if not for the fact that it's the middle class that's becoming more poor and the rich are able to enjoy the luxury of life. The stagnation in economic growth, couple that with the ever-existing graft and corruption from each government, makes living very hard for the poor and the middle class while so advantageous for the elite.
1935  Economy / Economics / Re: Really, why bitcoin has this value? on: October 24, 2021, 03:47:31 PM
I guess the prices are as such because of the fact that more and more influential figures with multiple million dollars in their name like Elon Musk adopting bitcoin in their investment portfolio. The fact that they dragged a massive following along with them while investing huge amounts of money as well made the price pump like that since last year. I'm pretty sure there are people who would assume such action is grounds for speculation, but I would disagree knowing that a majority of people who invested and held on to their bitcoins are in it because of the use-cases it can bring to the table.
Although bitcoin is currently around $63k, but this does not guarantee bitcoin will continue to be worth, this is because bitcoin has a decentralized concept so that the price goes up or down depending on the community, maybe the price will continue to rise because the community is getting bigger but we have to be realistic that one day bitcoins can be worthless.

This is really a concern that everyone has, I want to analyze it from pure buy and sell power angle

I have followed the price movement for many years. What I observed is that some kind of price stickiness in it, so it maximum crash 80-90 percent.

I think this is due to combined effects of 2 major driven factor:

1. dramatically reduced selling pressure when the price has gone down so much
(For those who bought the top, it doesn't matter if they sold at 90% loss or 100% loss, they have lost most of their investment anyway, so they end up do nothing and hodl, and this in turn reduce the sell pressure)

2. dramatically increased purchasing power of market buyers
(With same money, you can buy 10x more coins when price has crashed 90%)

That's why when it crashes 90%, the sell pressure will disappear and price will start to stabilise. As a result, if you could drive the price up 100x, even after the crash, you could raise the new bear market bottom to be 10x higher than the old bear market bottom. And that will draw new participants

A big limitation is the fiat money inflow channel, today many banks are restricting it, trying to starve the cryptocurrency market, but with the rise of USDT and other stable coins, it seems the community has find its own way of generating liquidity without fiat money inflow, this is the new development and will raise the price by a few magnitudes if keep going without restriction



This is a very sound explanation from an entrepreneurial perspective. Price pressure and price stabilization does play a role in ensuring that the price floor of bitcoin is kept in check even when it is bearish. Giving people opportunity to buy bitcoins at a much more favorable price point than years ago. I still don't think this solves the question of whether bitcoin is indeed a speculative asset or not, since there are still some parts of the whole thing about bitcoin that is not covered like the fact that it skyrockets when it does, but nonetheless a good explanation.
1936  Bitcoin / Bitcoin Discussion / Re: Bitcoin has died 432 times on: October 23, 2021, 08:44:47 PM
Journalists have sensationalized and have made money off of telling people that a certain asset has already died off or is already in the verge of extinction. They did this in the past, they will do it again. It's just up to the people to believe in their shenanigans or if they will do their own research and in that process allow themselves to be the masters of their decisions. Bitcoin will inevitably fall in price in the future, that's just how things go in the crypto world, but it dying? UNLIKELY.
Actually, before opening this thread I thought the title was mere hyperbolic; an exaggeration of some sort, but I guess it isn't. I'm not surprised nonetheless finding an obituary of Bitcoin for 2017 to be the highest of them all according to the site –2017 (124), for that was when the bubble FUD was at its peak. In fact, it was that experience of 2017 that formed my resolution that Bitcoin is truly a phoenix; a cat with nine lives. This day, I don't care about whatever negative opinion people have about Bitcoin because I know (from experience) that whatever happens Bitcoin will definitely recover and come out top.
A cat with 432 and counting lives you mean lol. If each dump bitcoin is considered dead then we'd already have mourned over our losses a couple hundreds of times already. But look at us, still kicking, still buying high and selling lol for the newbies lmao. It's all just up to the people who really see potential from the cryptocurrency industry and its affiliate sectors to stay because of its potential in the future or run away with their losses prevented or alleviated but missing out on future winnings.
1937  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance promoting Shiba Inu on: October 23, 2021, 07:06:15 PM
Pretty sure this is nothing but a paid advert SHIB devs have made to cater their listing on binance. They are pretty much known for using their hype for their advantage and I'm not saying that it's not good, but nonetheless doesn't really reflect what they can really do as a cryptocurrency. In a few days' time depending on their contract this should be lifted off of their front page and things will go back to normal, with their hype possible subsiding along the way. In that case, they would have to find a new way to garner people into their cryptocurrency.
Well, I saw Shiba Inu in some crypto casinos! BC.Games have it in their wheel, 100 Shiba Inu reward, Wolf is accepting it from recently... and now I see Binance is promoting them as well! Something is happening with this Shiba, I am not in that, so I don't have any clues about what is going on, but I will check them!
I am always careful with new meme coins, so I don't jump in early stages!

That's the risk of being a late adopter. You don't get to enjoy the biggest pumps from when the coin was still unheard of. SHIB has been posing some great growth lately and thus their developers are only wise to weaponize this as a form of hype campaign to ensure that their price continues to rise if not stabilizes at a reasonable value. Again, the hype doesn't necessarily reflect their purpose or mission in the cryptocurrency space so it's still good that you are being wary, just saying that being too scared would really keep you out of the biggest pumps in the market if so.
1938  Economy / Economics / Re: Do you think narcos may actually be on the 10 richest? on: October 23, 2021, 06:13:37 PM
Narcs are still selling like hotcakes, so I wouldn't really be surprised if these criminals make it up to the top of the ladder and would dare not say they don't deserve it, because it takes a lot of skill in order to climb that which I have to give to them despite the fact that they are literally breaking hundreds of laws and are ruining millions of people's lives in the process. The thing with these criminals is they make a vast network of connections that will keep them scot-free from the law and their rivals.
This reminds me of Colombian characters, like Pablo Escobar and the occasional politician from Venezuela, which, if I think they are on the list of the world's most millionaires and that they are probably involved in BTC. Many who are actually narcos and their names do not appear on a list, but due to their growing economic development they cannot hide the money in the big banks, nor in Switzerland, so the best thing for them would be BTC, in fact in Venezuela the activity mining is regulated by the government, which means they are probably very into it. In the case of Warren Buffet and some illustrious people shown on the list, since they have amassed their wealth from years ago, I would think that these people have worked hard to obtain what they have, at least Warren Buffet's books are very demonstrative.

Pablo's supposedly dead already but I wouldn't be surprised if his relatives are into bitcoin, especially if they are still into that kind of business which definitely needs some sort of security and safety against the law. not saying Bitcoin is best for criminals, but is just convenient for most people that they saw into it and had made use of such convenience and security as well. I hope the law makes them pay in the process still but until then, we can only hope and pray.
1939  Bitcoin / Bitcoin Discussion / Re: Bitcoin > Gold on: October 23, 2021, 05:13:36 PM
Gold had its history and longevity to vouch for its relevance and purchasing power. Not to mention the practical and commercial uses of gold in the production sector. Bitcoin may have only been in the market for 10+ years but its exponential growth each step of the way proved to rival that of gold's. It also offers the same if not better profitability as gold plus the fact that it promises future application in technology and economically as a direct substitute to fiat currency. I wouldn't say one is better than the other because at the end of the day they serve different purposes in serving the people.
Bitcoin and gold are exactly different and it varies depending how people see them.

Gold can be an asset, sort of investment, or it can be just an art but either way it can be bought because there's a value of this precious metal due for its scarcity, BUT gold doesn't give you long-term hedge against inflation and occasionally gold can be used as a social status or show of wealth.

Bitcoin can be an asset in the form of investment, and it is already historically proven that bitcoin is the best hedge against inflation. And the one of the best thing about this crypto is it's safe, reliable and it is decentralized and that means there's no single person or organization that oversees the transaction so that you can remain pseudo-anonymous.
inflation is what sets apart these two. If people sees them as assets and stores of value then it is obvious that bitcoin will win over gold, with it being separate from the currency system of the world and it not being affected by outside circumstances that would normally affect fiat. However, rarely are things ever one-sided, and there are people who will take the practicality sector to test on whether these two go on par with each other, which I for one agree with. I just don't see the need for comparison because as you and I have said, they serve different purposes.
1940  Economy / Gambling discussion / Re: Unpopular Sports Leagues discussion, predictions and outcomes. on: October 23, 2021, 03:42:24 PM
Philippines is increasingly showing interest in eSports after their major win against the topdog OG in TI6. In a country where basketball gets all of the attention, this is a major win already for the eSports sector because it's so hard to get the Filipino's attention to any sports that is beside boxing and basketball. They even had a futbol team once called Philippine Azkals that suddenly got shelved because it doesn't get much praise as the basketball side of things does.
I've read about the history of being founded (SAFF), which consists of several members of the national football team in India, such as: Nepal, Pakistan, Sri Lanka and many others (SAFF) began to be known in the outside world in 2020 until now.

SAFF as I see many successful tournaments in the title every year, this is a good sign especially India and surrounding countries, what is interesting to me about SAFF is that they have a national team (Women), It's interesting for me to see the tournament which is held by SAFF every year, They have positive response from other countries football teams.

SAFF is almost the same as any other Football Federation I've seen such as: WAFF, EAFF, CAFA and AFC.
I'm not into football really but I appreciate the fact that more and more people are becoming aware of other sports, especially big leagues out there that isn't what is readily available on their television. Much praise is needed in other sectors of sports because some athletes rely on government funding and if the public doesn't care about them, just as much as what happened to the Philippines once again, the government will allocate the funding instead to sports and athletes who get more exposure from the public.
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