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1941  Economy / Exchanges / Re: Poloniex exchange charged by SEC on: August 11, 2021, 09:03:06 AM
It is interesting how Poloniex is approaching the situation. Rather than be entangled in complicated legal hassles, it simply chose to pay the penalty in millions even without admitting nor denying the allegations and cease and desist. I hope the company's approach of letting the money talk will let them avoid further legal tussle against the SEC. I guess $10 million is worth it, provided the SEC would stop hounding them after that.

Anyway, it sounds weird for them to claim that "in order to be competitive in the global market, we were not able to include US customers in the spin out." I don't know what exactly they mean by this. But it seems to me the US market is huge enough vis-à-vis the whole global market. So I guess it's a poor excuse or alibi for their failure or perhaps laziness or lack of interest.  

For sure. And if you think that they made most of their profits in BTC and ETH in 2017,,, and of course prices right now mean they are triple the amount of fiat in profit, then it is easy to imagine what $10 million is, which is essentially 250 BTC. For sure they made more than that amount!

I foresee they will get acquired by a competitor at this rate though.
1942  Economy / Speculation / Re: Bullish News!!! on: August 11, 2021, 07:58:04 AM
Of course,,, I do not mind a bit of good news but we have to accept nothing can change this move forward. Not good news, not bad news. Here we go!
Yes, moon boys are back in action.  Tongue

News are indicators but sometimes they're discouraging the market whenever the news are not that really good.

Now what surprised me is that Monday and Tuesday prices did dip but only for a little while and not so badly in fact made a new high,,, which was different from 2 previous weeks where those days wiped out the weekend gains (Temporarily only of course).

Does this mean bears are tired or waiting?Wink
1943  Economy / Trading Discussion / Re: I started investing in crypto 4 years ago but recently did I made profits on: August 11, 2021, 07:35:59 AM
I already invested in scam projects and already experienced a lot of rugged pulls which makes me sad and thinking of quitting investing any more in a newly created project but it made me realized that what will I am going to do if I will stop trading, I won't be rich if I will still rely on my main source of income, so as of now I am still investing and most of the time scalping thankfully it gives me good income.

Then at least learn your lessons,,, do not stop crypto but sit carefully and ask yourself what you want out of this.

If it is financial freedom and a chance to be part of the new world of crypto, then stick to Bitcoin and stop trading,,, invest what you can and when you can, learn to use Bitcoin and not just trade it.

And get another job:)
1944  Economy / Gambling discussion / Re: 💰 Summer Tokyo 2020 💰 Discussion and bet thread 💰 Summer Game 💰 on: August 11, 2021, 07:02:39 AM
~snip
See everyone again in 4 years:) We go to France right?

it is actually in three years, since these Olympics were postponed by a year
will be interesting to see, what will be a situation in three years, will there be Covid or restictions at all? last year, when the games where postponed, it seemed that this year will be different and with audience, but obviously Covid is here to stay for at least one year more, and maybe entirely to 2024 and Paris games?

nevertheless, Sports industry is worth more than $471B now, and still rising, so it seems that all money invested is good for return

Ah,,, okay I totally forgot about that actually. I hope Covid and pandemic do not cause more delays because it does seem to be getting worse in some parts of the world. Everything is thrown all around now and sports is already so bunched together tightly, I think maybe instead of postponing they should cancel some big tournaments and allow everyone a real break (but sponsors will not agree of course).
1945  Economy / Trading Discussion / Re: Daily Investment Compound Calculator - Newbies Attention! on: August 11, 2021, 05:23:56 AM
The fact that you don't even know how you can maintain your profits everyday because crypto currency market is so volatile, is one of the common reason newbies don't get the real value of holding.
Actually i believe also that its depends how good the project is wherein you put your money . But for me it's still unpredictable if there's a chance you will receive that amount after all base on your calculations.. Perhaps when it comes staking it's possible to happen in my opinion, but not accurate, i mean the results of profits will not be same as well afterwards..

Not just that you do not know how,,, the fact that it is impossible. Even staking if guaranteed, only grows your token number, but the price cannot grow alongside,,, hence you can end up with 2x the tokens for 100% gains, but overall lose when price goes down below 50% and I can promise you POS coins always do this.

As OP points out compounding proves that any kind of GUARANTEED profit, no matter how small, is simply unsustainable, and therefore impossible.

I think instead of teaching noobs about compounding fallacy, better to teach them that guaranteed profits is a fallacy.
1946  Economy / Gambling / Re: Sportsbet.io - Main sponsor of Southampton FC on: August 11, 2021, 05:02:35 AM
So it looks like the favorite Rangers screwed out of both legs to Swedish team Malmo, what a shame for those of you who took the special, it was the only match that did not hit,,, and they were leading as well for a long period.

I cannot wait to see the EPL special for today so far it has been all about goals.
1947  Economy / Gambling discussion / Re: Sportsbet.io "Soccer Blackjack" @ 21.00 odds on: August 10, 2021, 05:00:37 PM
Soccer Blackjack for 10 August 2021: Rangers FC v Malmo FF
https://sportsbet.io/sports/event/sportsbet-specials/daily-specials/soccer-blackjack/rangers-fc-malmo-ff-6112ab71c4ca13dac3be182b
1948  Economy / Trading Discussion / Re: Should I sell or hold on my bitcoin? on: August 10, 2021, 03:45:45 PM
Hold hem off man. Bitcoin is seriously growing up. Decide if you wish to go for long term or short term hold. Thats up to you. But keep watching the market's growth and its moment.  Hold and sell them at the right moment. This will really help you to get revenue at the right time. Unless and until you are committed to something from the return, pl don go for it, Have patience. Its the key to success.

I have to agree right here. Bitcoin is now just pulling away from all the FUD. China news should have totally broken it but now at $45k and growing, BTC seems to be on a mission to make up all the lost ground in May to July.

I normally do not say hodl for no reason but this is at least a new ATH move.
1949  Bitcoin / Bitcoin Discussion / Re: Why hoard Bitcoin? on: August 10, 2021, 03:12:19 PM
Hoarding alone sounds ridiculous but look at gold,,, People only hoard it (whoever heard of gold being used to buy things these days).

But I do agree hoarding only for Bitcoin is not useful. Without usage,,, there is no proof of value. No network activity and no such thing as BTC as a payment method between p2p without intermediary. Store of value also does not work right now because of volatility.
1950  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: August 10, 2021, 02:02:54 PM
City offer 130 million and Bernardo Silva as a Harry Kane trade-in option. This offer has gone insane I guess, I'm just surprised how special is Harry Kane?

I think the problem is that Man City have become so strong, that the only way they can improve is to buy the best players in the world.

If you want a good player, you have to pay a reasonably high price.
If you want a very good player, maybe one of the best 10 or 20 in his position in the world, they you have to pay a very high price.
If you want a world-class player, one of the best few in his position, then you have to pay something crazy... just because there are so few players available at this standard.

Totally agree. And we have to remember also what the market expectation is. If Philippe Coutinho could cost 100 million at only 2 years ago then Harry Kane who is even more specialized, more proven and at the total peak of his talent right now, then you need to be prepared to pay the same area price.

I personally do not think 100+ is worth for any player but the market is all about supply and demand. There is only 1 type of player like Kane and there is a big demand for him.
1951  Economy / Trading Discussion / Re: Bots on: August 10, 2021, 11:56:28 AM
Here are the issues with these bots,

They are mostly coded with variables so they appear profitable only in the past. So if you do a backtest it would appear to make money. However if you do a forward test you will find that it doesn't work as well.

Yep, I think if anyone experienced bots it was first using MT platform and plugging into the forex apis. The same bot developers for crypto platforms all copied the same scripts anyway.

If you know how to change those script variables, then you have your own "bot" and I have seen myself people selling their bots on marketplaces,,, or even renting it out to people to try. Bull market = all bots profitable.
1952  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: August 10, 2021, 11:25:48 AM
It is very clear that Messi's new club is PSG, there are so many hints and rumors that Messi will soon join PSG. I think it's a good thing for Messi
and also PSG, because PSG can meet the salary that Messi wants and also PSG really needs Messi's skills and experience, made PSG win
the Champions League trophy. I also want to see Messi and Ramos in the same team, who were rivals before.
Are PSG didn't violate FFP (Financial Fair Play) rules? I hear the rumors the salary is between 35 M Euro, which may be enough to break the FFP rules, when PSG continues it, who will be the victim?. Mbappe? for 34 old players they dispose of for 22 old players, that's a bold step I ever heard. I won't do that, No other way, Messi should reduce his salary and going to Italy, join Milan which welcome to old man's, Ronaldo is waiting for him.

I still cannot say for sure. Yes the PSG contract is on the table and yes there are many there for sure now personally messaging Messi so the attraction is too great,,, But Messi is also a true professional who wants to win more. Money he can make. Trophies he cannot buy. He already finally won Copa and he personally said he wants to win UCL again.

City seems like the better option to prove himself in the toughest league in the world.
1953  Economy / Exchanges / Re: Poloniex exchange charged by SEC on: August 10, 2021, 11:06:32 AM
I am actually really surprised that this did not happen to them earlier. I mean,,, Poloniex was really really huge back in 2017. I remember all the loan platforms there you could even loan Bitcoin for 1 hour and make 1% profit just doing nothing.

This $10 million fine must be backdated to those days.
1954  Economy / Speculation / Re: Bullish News!!! on: August 10, 2021, 09:50:07 AM
I think I have seen Google pay and debit/credit cards supported by crypto sites that I'm using before so I'd say that this news wasn't new at all except for the Apple pay I guess and even if it wasn't tweeted by the influencers users of Coinbase and the three payment methods are still going to find it out the next time they logon on their account but Afterall this news was still positive and can bring a hype  .

You did not read the news properly. Crypto sites are always accepting deposits with cards and Google/apple/samsung Pay. That is nothing new,,, this is something completely different.

BUYING and SELLING crypto for fiat immediately to these options, which is not even something exchanges are known yet to be able to do:)
1955  Economy / Gambling discussion / Re: 💰 Summer Tokyo 2020 💰 Discussion and bet thread 💰 Summer Game 💰 on: August 10, 2021, 08:02:07 AM
Top 1 in South East Asia is already a good achievement for our region.

It's a thing that is difficult to achieve after many years with no medal brought home.

Congrats to our 19 athletes. With the big cash incentives plus bonus even for not a medalist, it will encourage our athletes more to do their best.

I agree with you,,, and cannot deny there is nothing else for the rest of Southeast Asia to say about the dominance there. You guys have not put much funding as compared to other nations but are still able to deliver this results.

See everyone again in 4 years:) We go to France right?
1956  Economy / Gambling / Re: Sportsbet.io - Main sponsor of Southampton FC on: August 10, 2021, 05:58:33 AM
Less than four days until start and English Premier League promotion is back on Sportsbet and you can win up to $100,000 in Bitcoin if you correctly predict result of six matches and goal s scored!

The return of EPL! I hope the promoted teams do well but I cannot say who I wish to get relegated. Fingers crossed for Spurs win.

Unfortunately 43free and BetFree6 stopped appearing for me since around the Olympics. The last games I remember for 43free was the Japan soccer matches,,, and then before that was the EURO Betfree6. I tried the link you posted directly but it just takes me to Featured Sports page.
1957  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: August 09, 2021, 07:23:48 PM
Hope my new Spurs team can win the first match, I like we have the chance to prove it on Day 1 of EPL in less than a week!

Friendly match is not an important match. Winning or losing this match does not matter. Still, I would say Leichester played well. Manchester City did not attack too much. They considered it a practice match. But hopefully they will do well against Tottenham and will definitely get 3 points in the first match.

Yes,,, that is what I said basically:) Leicester were still good though and adding in Ineaheacho (sorry for spelling) showed everyone especially Pep what a recognized striker can really do to change the game. Pep himself admitted he knows this problem since last season but he won the title without recognized strike 80% of the time so I guess he knows that to do.

Spurs to win come on:)
1958  Economy / Gambling discussion / Re: Olympics 2020/2021 : Discussion & Predictions on: August 09, 2021, 05:35:52 PM
Inflation is not an issue in Japan, because unlike the other countries the government doesn't indulge in the printing of unlimited amounts of banknotes. Also, they restrict immigration only to high-skilled labor (opposite to the cases in western nations). And this helps to reduce the government expenses. But I don't think that it will be a good idea for the government to ask their citizens to roam around, given the precarious COVID situation in the country. The age structure of the Japanese population also makes them more vulnerable to COVID.

There is a famous ad, I wish I could find it,,, about some small ice-cream on the stick that has been sold in Japan for 30-40-50 years or something like this. They had to increase the price by a few yen after all those years and you know? They had to make a TV ad for it to have the CEO and all the board bow down and ask for forgiveness.

I disagree inflaton is not an issue, but it does seem like they really really hate to inflate prices.
1959  Economy / Trading Discussion / Re: Bots on: August 09, 2021, 03:40:23 PM
I know this is a completely different discussion but the only bots I used are for dice gambling with crypto (you know the ones like Seiuntje).

And I can tell you, they work differently for everyone,,, speed of internet, speed of API connection, are the most obvious. If you have a shit connection,,, do not bother.

And most important, as people above say, bots only automate your strategy. If your strategy is crap,,, bot just ensures your crap strategies execute while you sleep:)
1960  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: August 09, 2021, 02:01:34 PM
This lad is probably not going anywhere,  as fans let's not keep our hopes high from the looks of things Tottenham still need him,hope this denied transfer doesn't kill his morale to play football at its best.

Personally,,, have said it before that I prefer to see him move on but since our chairman is the sort of guy he is,,, no less than 160M will convince the club to sell and Kane knew this a long time ago, so as it stands he is staying.

We have now Serie A's best defender so Kane at least knows our defence is better at keeping our leads:)
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