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1981  Economy / Economics / Re: Most people more and more people depend from this on: August 18, 2022, 07:05:27 AM
This not really me you describe here, I am not doing any day trading anymore. Thinking about bitcoins is one thing, but being the first thing you think about in the morning and the last thing at night seems a bit too much for me. If you are a trading cryptos every day than it's your job and it's important, but are you really depending on it? Right now the market seems so volatile and it's mostly a sideways trend between 20-25k USD that trading every single day seems to much. After a 4-8% rise we see a similar drop the next day. Based on technical analysis you might find the intraday signals for each trend, for me this is too difficult and will likely result in over trading. In the past I tried day trading myself with mixed results. The amount of time I had to invest to achieve a profit was not worth it in the end, a more long term approach suits me better and it also lets me sleep more peacefully.
1982  Economy / Gambling discussion / Re: Some Tips To Aide Successful Sports Betting. on: August 17, 2022, 12:19:46 PM
  • Gather as much information regarding the match and the players involved.
  • Select the odds from the respective gambling site based on the prediction after analysing head to head statistics.
  • Watch the game live, because at times the prediction goes wrong, and by the time can lower the losing placing a bet on the opponent.
  • For users who doesn't want to gather information and go for a bet on a game can go for live betting.

I agree with you that it's a good idea to watch the games we place our bets. It will help us to see if our predictions were accurate. Watching summaries of the game is fine but it will never show all important parts. And maybe our team lost due to a few unlucky situations. So far my experiences with live gambling wasn't really successful. I used live bets a few times in the past to close down bets I placed before. This always meant to take a save loss with no more upside chances. Too many times I have seen the game turn around in the last 10 minutes, which made me feel horrible for closing out the bets. Since then I kind of stopped betting in the opposite direction. If you are skilled sport bets gambler this is a good strategy, but for beginners it seems a bit too much. It's also good to make a prediction and stick with it to the end.
1983  Bitcoin / Bitcoin Discussion / Re: Do you want to be a hero? (maybe not) on: August 17, 2022, 11:47:30 AM
It's hard if you put all your money and trust into one bank and when the time comes that you need your money the bank won't give it to you. I haven't heard of a similar story before, the actions of the bank are not okay, but it's also not okay to take matters into your own hand and take a hostage. There are rules and laws we need to follow. Taking the bank to court probably takes a long time and he might not have that time in an emergency. I have similar fears myself with the big banks in my country. Even though the government guarantees bank deposits up to 100,000 Euros, I still don't trust the system. We should learn from this story to never put all our money into a bank. I use 1 bank that has branches in my city and 3 different online banks to spread my money. One bank to save, one to do my brokerage for stock trading, one bank where I have a loan and then my main bank for every days business.
1984  Economy / Gambling discussion / Re: How profitable Is investing in a crypto casino or sportbook? on: August 17, 2022, 06:18:50 AM
I am not really an expert on the profitability of crypt casinos or sportbooks, but it's obvious that they are a really profitable and good investment for their owners. The boom in the online gambling industry over the last several years saw a rise in new casinos who are competing for market shares. Even with strong competition among the casinos and offering promotions like 200% deposit bonuses it' still a lucrative business to operate your own or be part of a casino. All of the games a casino runs has a house edge, this positive expected value means that the more people play their games the higher their profits. We know the winning percentages of the casino from the Roulette or BlackJack, here the casino usually has a 4-6% edge. In slots the number is even higher, the RTP is between 90-96% that means that on some slots the casino can make up to 10 cents for every $1 played. It's the same games a physical casino is running and they have to pay for rent, electricity, a lot of more employee, security, etc. When it's already profitable for a physical casino to operate with all these additional costs than it makes it so much more lucrative for a online casino to operate the same games. If you have the chance to invest in a crypto casino or sportbook you should look at it in great detail, it's important not to overpay for your share.
1985  Economy / Economics / Re: Credit cards | A scam or a tool? on: August 16, 2022, 08:46:48 AM
What's your take on this? Are you against credit card usage?

I used to like credit cards a lot for travelling, it was a guarantee to get money and pay bills even when other bank cards didn't work. I never used credit cards at home, only when abroad. As long as there is no monthly fee I have no problem with them. Charging a monthly fee for a card that is rarely used seems like a rip off to me. I remember the first time travelling abroad my grand parents gave me traveller cheques and told me I could use them anywhere, which was completely outdated nobody accepted them and I took them back home. After that I got a credit card as emergency from my parents. And now after using it for many years I am not sure anymore, during my last trip to Thailand I noticed that exchanging cash locally was getting much better exchange rates than the bank was giving me at ATMs or in restaurants. It seemed really wierd to pay a fee and get worse rates. I could have saved atleast 120 USD by using cash instead of a credit card. So at the moment credit cards seem the most convenient solution but not the cheapest.
1986  Economy / Gambling discussion / Re: How Problem Gambler Feels After Losing on: August 16, 2022, 08:23:33 AM
I think often problem gamblers are crafted/created/produced in rather poor societies. In some countries gambling is just fun of rich (Monaco or Cyprus obviously). But in some countries (or people from some countries) are using gambling to become richer. So they see gambling wins as income. I think this idea is definitely damaging your mental health. Gambling is a fun of risking money to get pleasure of winning and more money. That's it.

I noticed this myself when travelling through South America a few years ago. In almost any country I went there was a state lottery where a lot of people played and talked about it. It was like a highlight of the week when the numbers came out. And then there were a lot of scratch card places where I saw often people wait in line to get new cards. It felt completely different to the lottery environment here in Europe. We do sometimes have hypes here as well, but they are rare and only happen for the Christmas lottery or big jackpots. And I rarely see people here doing scratch cards anymore. What surprised me was that there wasn't a lot of advertising for gambling, it must have spread through people talking to each other. It also seemed like the amount of money people used for gambling was higher as a percentage of their salary. This might be the case due to lacking opportunities to get out of poverty in those poor countries. Spending some money each week gives the small chance to become rich overnight, even if these small amounts each week add up to large sums over the years.
1987  Bitcoin / Bitcoin Discussion / Re: I Finally Helped My Friend Invest $50000 Into BITCOIN for Retirement. on: August 16, 2022, 06:16:28 AM

Just yesterday I was amazed he told me that he now wants to buy the Bitcoin and I have helped him we've just started with buying 1 BTC at around $23k and the remaining balance will be bought using good dollar cost averaging (DCA).




Great news, I think this is the best approach you can make when it comes to buying bitcoins. Take advantage of the cheap prices at the moment while still having some funds left to keep buying in the future when prices might drop lower. And even if prices are rising sharply again you are already invested. I am following the DCA method myself for several month now. Dividing assets into Real Estate / Gold / Bitcoins for retirement is a good idea, but I think you are missing one important thing, Stocks. All three assets you recommend don't provide any income when holding it. Real Estate might give you income when you rent it out, but the most likely scenario is that you live in the house or apartment yourself at an old age. And Bitcoins and Gold only gives us income when we sell it or use it to pay bills. One option that makes sense in my opinion is to invest in high dividend stocks, like that you always have some additional cash inflow every year in form of dividends.
1988  Economy / Gambling discussion / Re: Gambling in Moderation, Pros can out weigh its Cons in Financial and Health? on: August 15, 2022, 10:56:00 AM
If we talk of gambling in moderation, then of course it is the good way of doing gambling. So there must be good effects coming from that. But if we talk of gambling in general, then it includes all kinds of gambling including gambling that is beyond moderation, impulsive gambling, gambling due to stress, etc.

If gambling in general is to be assessed, I believe the cons easily outweigh the pros. I think gambling has provided more negative effects than positive effects to the financial situations of gamblers.

While you are right that there are probably more people who lose in gambling than there are winners, it's important to look at the whole picture. I expect that the majority in gambling either wins small or loses small. From my friends I know that we all spend smaller amounts in the casino and try to keep our losses limited. Over the years I wouldn't say that gambling had a big impact on my financial situation, because I also look at the opportunity costs. If I don't spend one evening gambling than I would do something else, like go to the movies, or to bar drinking with friends, or to a restaurant. All of the alternatives would also cost money and should be compared to the losses in gambling. It's not like if I stop gambling I would sit at home and only watch TV. Gambling is much more interactive than to watch passively TV. It's good to focus on the benefits of gambling from time to time. This means reasonable and compulsory or addictive gambling.
1989  Economy / Speculation / Re: Will the price of BTC ever hit $40k again? on: August 15, 2022, 10:25:06 AM
I observed several changes in the price  within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.

Yes of course the bitcoin price will reach 40k USD again. The real question is when, not if. It might take 2 months or 2 years, but eventually the bitcoin price will recover again. Bitcoins has been around for many years now and tends to always move in cycles. After the current bear market will come the next bill market.  As a new trader I would recommend you buy some bitcoins and leave them as a long term investment. The market is very volatile right now, your position can easily go up or down 10% in a week. Making a quick profit or loss can motivate you to trade more often which will always cost transaction. Best to to hold out and wait for a new ATH.
1990  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: August 15, 2022, 09:10:03 AM
Team spirit is the Arlington Major Champion. What a series they have against PSG.LGD.


What a final, that was very impressive by Team Spirit, after the first round I thought LGD PSG would win the major. They were the clear favourite before to win.  Luckily I had no bet for the finals, my last bets were on LGD for the upper bracket final when they won 2-0 and on OG to make it through the lower brackets. Somehow the potential winnings on LGD to win the major were already so low that it didn't seem worth the risk to me. Such a strong performance from Team Spirit in the final could also be the final for the International this year. Same like last year seems the most likely now LGD vs team spirit. During the commentary yesterday I think it was ceb from OG who says that teams play a little weaker during major to not show their full strength and best strategy before the international. Now I am wondering if team spirit already calculated to get into the finals via the loser bracket and held back till the very end.
1991  Economy / Economics / Re: Tips to save my finances, to grow personal economy on: August 15, 2022, 08:16:30 AM
The first step for me to get my personal finances in order was to track my expenses. Only after recording every time I spend money in a month I got a feeling for my situation. Before that I didn't keep an close eye and used to withdraw money every time I needed it. A simple excel sheet helped me a lot to see where I spend most of my money and which positions I could reduce. After removing unnecessary expenses I looked at the fixed cost like insurances and food and other supplies. Just by switching insurance companies I managed to save 50 Euros per month. And I started buying at a discounter supermarket which sells larger quantities at a cheaper price. Instead of planning for the next 2-3 weeks only I look at the next 6 months now and whenever there is a special deal I buy more and have more storage at home. There are a lot of things where we can save money, even if it's only a few cents it will add up over time.
1992  Economy / Gambling discussion / Re: Your General Feeling After Playing In Casino In the last 10 session on: August 14, 2022, 02:46:53 PM
I have been gambling regularly in the last few years and still enjoy it today. From my last 10 sessions I don't remember anything particular out of the ordinary. There are days where I am winning and days where I am losing. My gambling budget per week is pretty tight which limits my potential loss I can have. In the last two month I think I only hit my loss threshold twice. What I do remember from my last few gambling session is a nice poker hand where I won 9 USD with Q10 in hearts. For me gambling tends to have different phases, sometimes I play more blackjack and roulette and sometimes poker. Right now I am in a poker phase again. I don't have so much time in the evenings so I mainly play cash games. You can sit down or stop playing anytime you like, it's a good way to entertain myself after work.
1993  Bitcoin / Bitcoin Discussion / Re: Do you own 1 Bitcoin? (2022 edition) on: August 14, 2022, 07:03:13 AM
Damn I didn't expect that already 25% of the users so far are owning 1 BTC, somehow I thought the ratio would be a little lower. Good for them, I am not jealous or anything. It was my own mistake that I don't own 1 BTC now anymore. Back in 2016 I managed to get my hands on quite a few BTC over the time, but didn't hold on to them. After stopping to trade in CSGO skins I also sold all my bitcoins. It still hurts to think about it  even if I can't change the past. Most important thing is now to not repeat the same mistake again. My current goal is to reach 1 BTC, before that I would never consider selling any bitcoins. The difference is also that I am now investing alt coins, where in 2016 I only focused on bitcoins. Would be nice to know how many of the people who don't own yet 1 BTC, are owning larger amounts in alt coins.
1994  Economy / Gambling discussion / Re: To build your Professionalism on casino on: August 13, 2022, 07:29:16 AM
It is possible to become a professional gambler, but for this you need to play not games of chance that are completely based on luck (for example, roulette, craps), but games of chance in which the professionalism and personal qualities of the player are important (for example, poker).

A mathematical mindset, a good memory, acting skills, knowledge of psychology and the mathematical theory of probability - all this allows a poker player to significantly increase his chances of winning. 

Also, a player who bets on sports can be called a professional player (if he is very well versed in sports and has insider information).

Poker is one of the few games where you play against other players and not the casinos. There is no house edge involved, and the casino is usually only paid in a fee based on the number of hands being played. That makes poker as not so lucrative for casinos because there is no upside potential. You are right that playing casino based on chance/luck professionally is very hard. There are other ways to remain profitable against the casino by using methods like card counting, or find flaws in the casino setup. These techniques are usually prohibited and will result in a ban from the casino. Cheating is of course another way to try and make money of the casino. Like the famous Phil Ivey case when he was playing baccarat and used edge sorting. In the end it is important on which games you like and enjoy. There is no point in trying to go for a poker career if you don’t enjoy the game. To become professional in gambling it takes hundreds of hours to get used to gambling, develop a good strategy and keep trying to optimise that strategy. It’s hard work and if we don’t enjoy the game it will be nearly impossible to keep a winning mindset.    
1995  Economy / Economics / Re: Americans’ household debt surpasses $16T for first time on: August 13, 2022, 07:19:01 AM
That are some serious debt levels private households are facing in USA, which shouldn't be a big surprise. For years economics have warned about the rising debt levels as part of the low interest rate environment we have been living in since 2008. One big loan sector that is worrying are student loans. Going to one of the ivy league university means to start working with 250,000 USD student debt if your parents aren't rich. The next sector is the mortgage market, it's nearly impossible to buy a house or apartment with out a loan. Over the last 30 years property prices increased a lot whereas income only increased slightly, which can lead to people being in debt for more than 30 years. After inflation the average salaries remained pretty much constant whereas many cost increased. Also if you see the government printing money and issuing new loans each year it should be natural for the people to do the same. It's hard to stay out of the debt trap.
1996  Economy / Gambling discussion / Re: [DOTA2] PGL Arlington Major 2022 Prediction Thread on: August 13, 2022, 06:55:44 AM
It's been a while since I bet on dota 2 games, the last several months I mainly focused on CSGO matches for my bets. Watched a few Arlington Major games and got excited again. Looking at the bookmaker quotes I saw that LGD PSG is a total favourite to win tonight. Their teams looks strong and they play very well together, so far they only lost one map to OG in the tournament. But there is almost no upside for betting on them with quotes around 1.3 - 1.4. The odds for the OG vs beastcoast match are very similar to LGD PSG match, both OG and LGD PSG seem like a clear favourites in their match today.  Whereas the overall tournament match winner seems to be LGD clearly. I wonder why the odds for LGD winning the tournament are higher than their odds of winning today. I will stick with OG and LGD for todays game but will use my winnings for a bit more aggressive bets for tomorrow, a small bet on Team Aster or OG would make a huge profit.
1997  Bitcoin / Bitcoin Discussion / Re: If the Governments Planned to Keep the Limited 21 Millions BTC in Their Custody on: August 13, 2022, 06:37:12 AM
So if the state governments planned against bitcoin and buy all the 21 millions to among themselves, what do you think will happened to the poor bitcoiners? or the government apparatus joined with the business tycoons to stored all the Bitcoins in their custody so that the name of bitcoin will die off since no ordinary man has enough to disturb the market. Although few people might have it but it will not even up to 2 or 3 BTC. Therefore, at that stage what will you do?

I don't think this is a very likely scenario. First of all, which country should do this USA, China or the European Union? Or maybe all of them together? It's not really realistic that all the big countries in the world would unite against bitcoins. And even if that happen, how would they ever gain access to all the 21m bitcoins? Right now the BTC price is at 24,500 USD, it would already cost a fortune for a country to start buying bitcoins. But as soon as the word spreads that there is a big buyer in the market the price would rise sharply. Eventually the country would have to pay so much for all the bitcoins that it cannot afford it anymore. Also the other option of taking away the bitcoins from people is also not feasible. How could a big country force all the people around the world to turn in their bitcoins for free? There is no way this would happen, I am not worried about such a scenario.
1998  Local / Deutsch (German) / Re: Bitcoin Zahlung in ebay-kleinanzeigen anbieten on: August 13, 2022, 06:23:46 AM
Wer weiß mehr dazu? Habt ihr selbst schon Erfahrungen in der Richtung gemacht und falls ja welche? Freue mich auf euer Feedback. Danke

Bei Ebay direkt läuft jetzt alles über den ihre eigene Bezahloption, das Geld wird nicht mehr direkt von Verkäufer an Käufer überwiesen, sondern immer über Ebay, auch bei Rücküberweisungen. Ich glaube nicht, dass man bei da Bitcoins nutzen kann. Ebay Kleinanzeigen erscheint mir als die gute Alternative. Bin schon seit vielen Jahren sowohl auf Ebay als auch auf Kleinanzeigen unterwegs. Ein großes Problem ist das viele Scammer auf Kleinanzeigen unterwegs sind. Hab selbst mal versucht ein paar alte Handy darüber zu verkaufen und man bekommt die merkwürdigsten Anfragen. Deswegen verkaufe ich teure Sachen eigentlich nur noch zum selbst abholen.  In welchem Wert verkaufst du denn? Alles über 50 Euro ist mir das Risiko mit dem verschicken zu groß, es sei denn es ist Vorkasse per Banküberweisung, vertraue auch Paypal hier nicht wirklich. Bitcoins könnte in dem Sinne eine Alternative sein, weil du hier kein Risiko hast, dass jemand das Geld zurück buchen lässt. Ich würde an deiner Stelle einfach die Bezahlmethode von Bitcoins in deiner Anzeige angeben und dann alles weitere per Nachrichten klären. Pass nur auf da du bestimmt einige Anfragen erhält die nicht legit sind.
1999  Economy / Gambling discussion / Re: How Gambling companies can get more users to deposit. on: August 13, 2022, 06:10:38 AM
Gambling sites are a special type of business. Every business principle is to do several tips to attract customers. New gamblers will always be attracted if gambling sites offer deposit bonuses and various occasional cash bonuses. Handet Person Deposit Bonus to be offered to new joiners. Withdrawal system to be introduced without KYC. A gambling site needs to increase its trustworthiness rating points so that new gamblers will be attracted to that site.

Online gambling became a very competitive market over the last few year. Especially the covid lockdowns helped a lot to grow the market shares of online casinos in the gambling sector. Existing casinos are fighting to keep their customer base and attract new customers at the same time, while new casinos need to offer something new to win the customers over. Having a good reputation and history is one way for the old casinos to survive, but that will only last for so long. Eventually new promotion deals need to be matched. Online gambling makes it much easier for gamblers to switch casinos very quickly. I remember from a survey here on the forum that the most important thing in a casino is a reliable customer support, which makes it more important for the older casinos to keep up their good service. New casinos will always need to invest more to achieve that same level. Withdrawals without KYC is a two edged sword, it satisfies some gamblers need to remain anonymous, while it increases the risk of being miss used for illegal activities. In my opinion KYC becomes important for larger transactions.
2000  Economy / Economics / Re: Are we hodling BTC or we are hodling Fiat?? on: August 13, 2022, 06:00:17 AM
In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
It will only be regarded as BTC holding if every price wave adds to it.

It's the best thing we can do in my opinion right now, keep buying bitcoins and other crypto coins. Inflation seems to be fluctuating between 7-10% right now in most of the big countries, while interest rates are still very low. In my savings account the bank still pays 0% interest, which makes holding fiat money as the worst possible investment right. Even when you don't want to buy more cryptos, buying stocks or commodities is still so much better than holding cash. It might take another few months for investors to realise, but we are in a very position right now. Low to negative economic growth with high inflation can result in a downward spiral. The best escape for me is to keep buying bitcoins. DCA is a good strategy for people who are looking to buy bitcoins continously and don't need to worry so much about the price.

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