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201  Economy / Gambling discussion / Re: It’s unlikely that anyone besides you will be happy with your winnings. on: March 10, 2024, 07:49:59 AM
Happiness lasts for a really short time frame. Why do we have to care about other people's opinions? I never tell other people about my gambling winnings, because they will think "He's a gambler, he wins today, but he might lose everything tomorrow" so people start looking at you in a different way. The best decision is to keep your gambling activity a secret from your social circle.
I don't think that even I am happy with my gambling winnings. Maybe it's because my gambling winnings are small most of the time, and I also have the feeling that I won't be happy for more than 10 seconds even if I win 100K dollars. Happiness(or the dopamine boost in your brain) lasts for several seconds(or maybe minutes).
202  Bitcoin / Bitcoin Discussion / Re: Bitcoin Bank - Safely store your bitcoin on: March 10, 2024, 07:19:21 AM
My idea would be to create a bank to safely store people's bitcoin and other crypto for people who just want to hold for a lot of time.
They would register with the passport or ID, it would cost 100 GBP + 1% to deposit and verify people's identities.
Then, to withdraw, it would take 3 months, they would have to show the passport and have a meeting via zoom once a month during 3 months stating they would want to withdraw, it would cost 300 USD plus 1% of the value.
It would compensate for people who want to hold for a lot of time without having security concerns.

So basically the people will give their Bitcoins to you and they will have to trust you for keeping their BTC safe? Grin
What's the guarantee that you won't scam them and run away with the Bitcoins?
Do you really understand the principle "not your keys, not your coins"? Do you really understand why most Bitcoiners are keeping their coins in a cold wallet, instead of trusting a centralized entity? Good luck with your "business model"? Who the hell is going to trust a newly established "Bitcoin keeping" centralized service, that requires KYC and the users have to pay for using that service?
A withdrawal taking 3 months? Why so long? Why not make it one year or five years. Grin
203  Economy / Gambling / Re: [NEW][UNLIMITED MONEY GENERATOR][XINF][UNLIMITED MONEY][PVP][NO LIMITS] on: March 08, 2024, 07:41:50 AM
This screams "SCAM" right from the start. Grin Or maybe this is a joke made by OP. "Unlimited money generator"? I remember that some people were promoting "Paypal money generators" 10 years ago. You install this "software", click a button and money appear in your Paypal account out of nowhere. Pretty dumb scam, but many people were falling for it.
A "player vs. player" gambling platform where EVERYONE wins. Who is going to lose? How are you going to make enough money to payout all profits, since all gamblers are going to win and nobody is going to lose(in the long term)? Do you plan to make this gambling platform into a ponzi scheme, where the money coming from new gamblers are used to pay the profits of the old gamblers?
Good luck with this "project". Grin
204  Bitcoin / Bitcoin Discussion / Re: Massive withdrawal of Bitcoin on: March 08, 2024, 07:07:13 AM
Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

You can't stop the traders from selling BTC at the price they want to sell. There's buying pressure on the market(we can call it a FOMO phase) but there's also selling pressure on the opposite side, because the temptation to sell at the current price is big.
I don't think that you really understand the term "volatility". The price corrections and price crashes are also part of price volatility, not just the price pumps. Why do you bother with withdrawals from the centralized exchanges. Bitcoin is supposed to be held in cold wallets so less coins in centralized exchanges is actually a good thing.
205  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: March 07, 2024, 11:46:43 AM
It seems that no team in Europe is able to compete against the big and rich teams like Manchester City, PSG, Real Madrid and Bayern Munich.
PSG is still pretty dependent on the goals score by Mbappe. Real Madrid didn't impress me, but they are probably saving their best performances for the next stages of thee elimination phase. Bayern Munich showed that they have big potential against Lazio and that something is stopping them to show their best performance(I don't if it's Tuchel or something else). Man City could easily beat a strong team like Copenhagen with a bunch of their substitute players. The inequality between the super rich clubs and the other clubs is just too big. Maybe the idea of a Super League isn't that bad after all.
206  Economy / Gambling / Re: Can gambling sites provide proof of auditing that was done on their RTP? on: March 07, 2024, 07:28:59 AM
Quote
To prove the RTP of a gambling game, regulators often require developers and operators to undergo testing and certification by independent auditing firms. These firms analyze the game's software and mechanics to ensure that the stated RTP is accurate and fair. Additionally, regulatory bodies may require operators to periodically report on the actual performance of their games to verify that they are meeting the stated RTP. This helps ensure transparency and fairness in the gambling industry.

Can anyone tell me which ones are the auditing firms, that perform testing and certification of online crypto casinos?
I don't know anything about such firms. The crypto casinos(or the gambling game providers) are working with the "probably fair" concept, which means that every gambler is supposed to verify that the dice/crash/online slot game is actually fair and it provides perfectly random results. I'm not an expert in this field and I can't provide a competent opinion. I never truly believed that the "probably fair" gambling games are 100% fair and transparent.

207  Bitcoin / Bitcoin Discussion / Re: Are you worried about the US Government moving BTC? on: March 07, 2024, 06:47:37 AM
The US government has the right to sell all confiscated BTC, which was seized from criminals. Why would anyone be worried about this?
This might create a short term price drop, but the serious crypto traders shouldn't be worried about this. Of course the crypto newbs will panic and start panic selling again, but this is yet another opportunity to get BTC at a lower price. "Weak hands" always lose on the market.
I'm sure that the US government wouldn't sell all the BTC at once. This would lead to a lower BTC price, so the overall revenue from the sales will be lower.
208  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it good or bad idea saving every penny on crypto stable coins on: March 06, 2024, 11:11:22 AM
Sometimes I begin to imagine instead of transferring my money into the bank to keep for a number of days or months before usage in form of savings that nothing will add up instead it remains stagnant or the bank charges me even more. Is it not better I save them on a stable coin such as the USDT?

Please what do you think? Will I end up losing my funds one day if I do so?
To me I feel it's good way to save.

Please what's your opinion on this?

I don't see any big difference between saving money in stablecoins and saving money in a bank account. Maybe the only difference is that the money in your bank account have a deposit insurance, so when the bank goes bankrupt the government will pay you back a part of the deposit. You have no such insurance, if the stablecoin implodes and becomes worthless. Nobody knows whether or not Tether has 100% reserves to back up all USDT in existence. The main role of stablecoins is to be used by the crypto traders for convenience. You basically use a stablecoin to hedge the risk of having increased price volatility on the crypto markets.
209  Economy / Gambling discussion / Re: Do you experience this sometimes? on: March 06, 2024, 07:26:35 AM
Why don't you trust your intuition? I just don't have such feelings about sports betting. When I make a bet on sports events, I just don't come up with big expectations and I'm pretty much OK, if the outcome isn't what I expected. Why do you still include the match in your bet, if you have a gut feeling that it won't be successful? I know that your intuition won't be right all the time, but sometimes you have to listen to that inner voice. If I have a feeling that a certain match is too unpredictable, I just don't bet on it.
210  Bitcoin / Bitcoin Discussion / Re: Does any meme coin has the ability to challenge bitcoin dominance ? on: March 06, 2024, 06:56:34 AM
In last one week, coins like pepe rose by 400% or more. There were other meme coins like dogecoin and shiba inu also growing fast. Lot of bitcoin users would now feel tempted to move their funds to these meme coins for higher profit. At such, do you think that any meme coin has the capacity to challenge bitcoin dominance ?

It's easier for a memecoin with 100 million USD market cap to reach 10 billion USD market cap and increase it's price 100x.
Bitcoin has a big market cap and it's impossible increase it's price 10x. The only value of a memecoin/altcoin/shitcoin is the ability to pump & dump and make absurd price growths. Does that mean that memecoins could challenge Bitcoin's dominance? Absolutely not. Bitcoin will always remain the king of crypto, centralized shitcoins/memecoins just come and go, while Bitcoin will stay. Can you imagine a memecoin dominating the entire crypto industry? That would be a total nonsense.
211  Economy / Speculation / Re: Bitcoin all time high, is it ETF effects or pre halving cycle on: March 05, 2024, 11:11:32 AM
Today bitcoin started the week reaching at $65,000 a near former all time high price, and this new stabilized bitcoin 65k price indices make alot of presumptions and many bitcoin price speculators are in bullish mode to state an obviously possible reality that bitcoin may break the former all time high price (ATH) of $69,000+ previous record before the bitcoin halving cycle to occure.

Although if bitcoin make a new all time high before the next bitcoin halving, it makes it the second time in bitcoin history and chart 📉📈 where bitcoin attain all time high prior few days to the next halving.

The question now is, are we going to see that happening very soon and what is you expected benchmark before the next halving cycle.

The Bitcoin market has been crazy in the last 4 months. Back in October 2023, the price was around 27K USD and now the price is 66,8K USD
I can't imagine Bitcoin being so close to a new ATH before the halving. I was expecting a new ATH several months after the 2024 halving. I guess that the ETFs approvals and the pre-halving hype are both contributing for the creation of the current FOMO phase. Bear in mind that such big price pumps are usually followed by big price corrections. I'm expecting a price crash several weeks before the halving. So far, 2024 has been extremely bullish for Bitcoin, but the bears on the market might have the opportunity to enjoy a big price crash.
212  Economy / Gambling discussion / Re: Decentralized vs Centralized Gambling....Which do you prefer? on: March 05, 2024, 06:56:26 AM
Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks. Smiley

It's like asking someone "What fruits do you prefer? Apples or Bananas?" or "What kind of girls do you prefer? Brunettes or blondes?" Grin
Why not both? I think that decentralized gambling is the future, mostly because the gamblers won't have to deal with KYC and all the sneaky casino tricks, that block them from withdrawing their profits(somebody might even call it "scams"). Centralized gambling is still way more convenient than decentralized gambling, but I'm sure that this will change soon. Several years ago, some people were thinking that ETH will beat BTC because of the low transaction fees and low confirmation time. I wonder what do they think about the Ethereum blockchain right now.
213  Bitcoin / Bitcoin Discussion / Re: Just a friendly Bitcoin friend reminder - High price = more scams on: March 05, 2024, 06:07:09 AM
The Bitcoin price are reaching a new All-time-high again and we all know scammers are trying their best to get their hands on your coins.

I have seen a significant increase in Phishing emails, trying to get me to click on stupid links.

I never click on any links and all my coins are stored in long-term cold storage, so I know they are out of reach, but many people have hot wallets and they might be a target.

So guys... be safe out there and protect your coins. It's crazy season and the scammers are very active. 

What kind of email provider are you using? I use Gmail and I barely get any suspicious looking phishing emails. All of them end up in the Spam folder anyway. It's funny that the scammers are working harder when the Bitcoin price is high. The smarter decision for them would be accumulating more BTC when the price is low and keep HODLing until it hits a new ATH. I'm expecting another big exchange making a big exit scam, while claiming that it got hacked by some mysterious "hackers". This might lead to a BTC price correction, but we aren't in 2017 anymore and the bull run might continue. Grin
214  Economy / Economics / Re: Some people acts stranded and in need of the ways for breakthrough but not ready on: March 04, 2024, 11:22:12 AM
If someone asks me "please tell me how to make money" I would say "Just get a job, bruh...". I'm not responsible for other people's financial situation and I don't want them to blame me when things don't go out as expected. I would never reveal to anyone that I'm involved with crypto. Even if I tell a friend that I have crypto, he might not be interested in this, but he will share the info with other people and some of them might be scammers. The people, who ask me "what do you do for a living?" and "how do you make money?" are the most annoying people. I usually tell them "mind you own business!". Angry
215  Economy / Gambling discussion / Re: Try to stick to your instincts as a gambler on: March 04, 2024, 07:21:49 AM
Quote
Today i decided to try one of my sweet predictions in the EPL games. So, i predicted in 4 matches and placed my net. However, during this time i watched my games played so well but two games were holding it and i felt i would lose this game. It was already 83 minutes and i needed these games to play at 87 minutes i gave up and decided to cashout the amount i used to stake since it was the amount that was showing there. I thought it was clear and instead of losing i should rather just get my money back. Just in 15 minutes after i checked the live score and found out that the game played. I felt so angry and unhappy because i have not trusted my instincts if not i wouldn't have cashed out at that time.

What if you make a wrong decision because of your instincts? Do you really believe that your "instincts" are right 100% of the time?
Some gamblers call it "luck", other gamblers call it "instincts" or "intuition". Maybe I should call it "having confidence in your luck".
You didn't have confidence in your luck so you have decided to play it safe and not have a loss instead of taking the risk and winning.
That's a pretty rational behavior. Maybe you have to be less rational as a gambler, in order to make a big win.
216  Bitcoin / Bitcoin Discussion / Re: Why inflated countries should adopt Bitcoin to help boost their economy. on: March 04, 2024, 06:47:46 AM
Quote
1. It is the fastest way to combat inflation, due to it's limited supply, making it more scarce and costlier, which could help strengthen a countries economy.
2. Bitcoin has a transaction cost making it easier for financial industries and traders to carry out transactions without worrying about high cost of transaction fees.
3. It's transaction rate is quicker and can help, business men, traders and individuals transact very quickly.
4. If a government accepts Bitcoin as a alternative to fiat
it could make currency exchange effortlessly and it cannot be influenced by corrupt governments officials.
5. I've seen no reason why some countries would be fighting against Bitcoin instead of adopting it into their system, I think any country doing that is fighting a lost fight and would be forced to accept it on the long run.
 Other countries should use see El Salvador that invested in it and adopted it for transactions as an example of how Bitcoin could affect an economy positively.

This is the 1000th forum post about this topic. Can't you come up with more original ideas.
I wish I could see 10 million or 100 million people transacting with BTC buying foods and groceries on a daily basis. Why would they spend their BTC if the Bitcoin price could hit 70K or 100K USD after a week or a month? How much would the transaction fees increase if 100 million people start making small transactions on the Bitcoin blockchain on a daily basis? Wouldn't this make the blockchain congested again?
The Bitcoin adoption in El Salvador kinda failed, I don't know why people keep pointing this country as an example for successful BTC adoption.
217  Economy / Economics / Re: Reckless financial decision ? on: March 03, 2024, 12:09:37 PM
Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

Who is this celebrity? Do you want to keep his name a secret?
Maybe this celebrity is rich enough, so he could turn down a multi-million dollar deal without any regrets. Why do you think that this decision is reckless? We don't know the mindset of the extremely rich people(millionaires and billionaires). When you own 100 million dollars, adding 10 million dollars doesn't seem like a big deal for some rich celebrities. Maybe this guy simply wants to chill and smoke weed, instead of making more money. Some people don't want to make sacrifices and change their lifestyle and habits for financial gains.
218  Economy / Gambling discussion / Re: Stake; one couple two accounts illegal? on: March 03, 2024, 11:39:45 AM
Do you have two accounts under one IP address? Maybe that's why you got blocked for multi-accounting.
Maybe Stake customer support will unblock the withdraw option if both you and your husband perform KYC.
Did you read the Terms of Service of Stake.com before deciding to open another account?
It's weird that there is a maximum bet limit for sports betting, but I don't use Stake.com anyway so what do I know. Sad
Good luck trying to explain your situation to the Stake customer support.
219  Bitcoin / Bitcoin Discussion / Re: Bitcoin proven many times holders won't regret on: March 03, 2024, 11:18:53 AM
If we see the history of Bitcoin, then it's pretty easy to see how Bitcoin recovered its price. It would take time to recover, but eventually it did. So at the end of the day, holders don't need to be regretful. I am talking about Bitcoin, not about any other altcoin. Because even though the Bitcoin price has recovered, many altcoins haven't recovered yet. Even those who bought Bitcoin at the top in the last bull run, I believe they are almost recovered. If they are still holding, they will be in profit within a couple of months. Bitcoin has given us a costly lesson that holders won't regret. We should take that lesson and keep it in mind for the future. 

You could say the same thing about every scarce financial asset. Bitcoin didn't "recover" on it's own. The adoption from institutional investors is what is pumping the price. The last time when the BTC price was above sixty thousand dollars Tesla and other big corporations were active in the BTC adoption scene. It's actually impossible for Bitcoin to hit and stay at levels above sixty thousands dollars without the help of big institutional investors. I agree that the long term HODLers won't regret by staying loyal to BTC, but let's not ignore the fact that Bitcoin is going up mostly because of the institutional investors.
220  Economy / Economics / Re: Isn't it all about money? on: March 01, 2024, 08:07:28 AM
What's the essence of all the hustle and bustle and learning and reading and keeping all the sleepless night? Isn't it all about money?

What if I don't want to go through all these process, don't care if I'm a graduate or not or if I'm good at speaking good English or not buth I'm just focused on how to make the money and end up making the money, won't the end justify the means?

I sometimes feel that some of these ideal process that has been accepted by the majority of the people in the society as a part to be taken to greatness is too complex. I mean, we can just learn how to read and write and focus on how to make money. Those who want to become engineers can choose to do so but those that don't want to pass through those route shouldn't be seen as less of a person because at the end of the day, it's mostly all about money.

Is somebody forcing you to study for an engineer? Is somebody seeing you as a less of a person because you don't have bachelors degree?
Increasing your knowledge and skills increases and ways and possibilities for you to make more money. That's the whole point of the educational system. I know that some educational systems kinda suck, but that's not my problem. A bachelors degree is a certificates, which proves to your future employer that you are capable of doing high quality work, so he will hire you at a better high paying position.
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