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2021  Bitcoin / Bitcoin Discussion / Re: Write a song with your seed phrase on: November 17, 2022, 07:15:35 PM
A seed phrase song? Seems like encryption but a bit lazier. Why not just think of your own simple encryption algorithm and write it down like that? Not that I am condoning writing down seed phrases in any way or form. I still think its a bad idea. Surely 12 words are not that hard to commit to memory long term? Just recite it everyday until you have it in your long term memory. OR better yet, every time you access your wallet, access it with your seed phrase. If you do that everyday at some point that phrase will become indented into your memory. No need to leave physical or digital storage.
2022  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 17, 2022, 06:57:50 PM
Choose wisely bitcoin or big-melons...can't be both..



How I imagine the author:





Looks like people are finally understanding what "Not Your Keys, Not Your Coins" actually means:

https://www.coindesk.com/business/2022/11/17/bitcoin-exit-from-crypto-exchanges-rises-to-220k-over-past-10-days/
2023  Economy / Economics / Re: Is long-term employee retention a losing battle? on: November 16, 2022, 10:44:24 PM
Long term employment is a relic of the past. Why would anyone wish to stay in a single role their whole life? Or work with a single company? People need change to grow and learn otherwise they are nothing but work slaves. A long time ago, back when jobs were very lucrative in pay and very rare, only the best and luckiest were selected. Obviously given the living conditions of those times the employees wanted to stay as long as possible. Because that job gave them a comfortable life. With time, employers became greedier and jobs became more abundant. Working no longer provided the same rewards as before.

Nowadays employers demand very high qualifications for crappy jobs with low pay. Even though the jobs themselves require minimal training time for new employees. So now its all about who pays more and because of this competitive market, people jump from one job to another, better paying one.

If employers sacrificed part of their profits for higher employee wages, they would have employees staying longer with them. But that is not cost effective, if you consider the cost of training new employees who accept lower wages.
2024  Economy / Trading Discussion / Re: Does Trading Volume really matter ? on: November 16, 2022, 04:43:46 PM
I've only started noticing the Trading Volume stats on my favourite projects. I am a little intrigued as to what this exactly means, does it really matter much ? Some lesser known projects like Yield Yak have barely $4,000 in Trading Volume, yet the TVL is something like $50 million, whereas a better known project like Raydium has a Trading volume of more than $6 Million, with a TVL of only a little more than triple the TVL of Yield Yak  ( $160 Million TVL )
I'm also surprised that some lesser known gaming projects like Vulcan Forged have a high trading volume , whereas others ( like Axie Infinity ) have a relatively low trading volume.
The way I interpret it right now ( correct me if I'm wrong ) is that trading volume is high when an ecosystem is very active and adoption is growing relative to other projects, so it's a good indicator to buy into that project.

OF course trading volume matters. The lower the trading volume, the less you will be to liquidate your coins/tokens at a moments notice. In fact, if you are making big trades, you might not even be able to sell. Or at least not for the price you want to.

Also low trading volume is an indicator that there is no interest in the project behind the investment. A dead/unpopular project is never a good sign.

Not to mention that low volume makes it very easy for whales to manipulate the market by introducing their own rogue market-making strategies which will only damage the project further.  

Also, how do you trust for example, TVL, if their trading volume is so low but their market cap is so high? Something sketchy seems to be going on there. Seems like a red flag to me.
2025  Economy / Gambling discussion / Re: Gambling Distortion Pattern on: November 16, 2022, 04:26:52 PM
The only consistency in gambling is you depositing more money. Whether you lose, win, win big, lose big, keep winning or keep losing is not something you can predict with patterns, I would think. Since gambling is based on probability with the house edge outweighing the probability of you making any money in the long term (if you keep gambling for a long time, that is.), there is no point in trying to recognize patterns. In fact, a mathematical model of mentioned probabilities and the variables and constants involved in the equation would probably serve you better than a model of patterns.
2026  Bitcoin / Project Development / Re: Forecaster rating on: November 15, 2022, 09:59:03 PM
Interesting project. I wish you good luck with it!

However I must wonder how will you rate the forecasters? The quality as well as the followers are usually of questionable origin. How do you see through the fake followers and scam groups? I see many such groups posting nonsense memes with absolutely no useful substance with a few thousand views while having many hundred thousand followers. The math does not seem to add up on those groups.

Perhaps if you used a method of prediction correlation from all those groups, you might develop your own system of forecasting?
2027  Economy / Economics / Re: Has the popularity of bitcoins reduced interest of people in stocks? on: November 15, 2022, 05:26:16 PM
Stocks give like 20-30% returns in an year but bitcoin and other crypto coins can give this much return in just one day. At such, do you think that increasing popularity of bitcoin has reduced interest of people in stocks.

I think in some countries, people are really shifting to crypto only and most of their investment portfolio is in the form of crypto instead of stocks. The awareness related to crypto is increasing day by day and this more people are getting included in this crowd. Stocks on the other hand become saturated, people have realized that these stocks are not as much profitable as bitcoins. Also, there are other benefits of bitcoins like it can be used for transactions. This cannot be done with stocks.

Cryptocurrency trading is also much much easier to get into as a layman. You only need an internet connection to get started. With stocks the process is so overregulated in some countries that you need a third party to do everything for you, including buying stocks. This is the main reason I am not interested in stocks. Its just too much buerocracy you have to wade through in order to get what you want.

Also you can think of cryptocurrency as stocks too. Except nobody can freeze your wallet or lose your stocks because they were all in a centralized database somewhere. You are the only one you need to count on. And that's worth a lot.
2028  Economy / Gambling discussion / Re: Not Quitting only a break on: November 15, 2022, 04:30:40 PM
Taking a break from gambling is better than not doing anything at all, if you notice that your gambling habits are becoming problematic in your life. So that's a very responsible step to take and should be applauded.

Not many people know when to walk away from the casinos, even when it starts messing with their life.

Your mind is not a machine, it needs breaks too. And the constant firing of neuromolecules from gambling really tires your brain out. That can lead to mental health issues like depression. So not taking breaks is not a fantastic way to live. Even professional poker players need to take breaks otherwise their brains just fry out, leaving them in a bad place.

There should be no shame in either quitting nor taking time off.



2029  Economy / Gambling discussion / Re: What Can Be Done To Reduce Gambling Related Issues Like Suicide etc? on: November 15, 2022, 03:57:10 PM
I think the best way to reduce gambling related health issues (also meaning mental health issues) is to understand how gambling can cause an addiction in the first place. It is possible to gamble without becoming addicted. But only if you know how to avoid the addiction traps. And once you learn how to avoid them, thats 99% of the problem solved. Because almost all of these issues arise from gambling addictions.

The act of gambling releases dopamine. Just like with drugs. In order not to become addicted to gambling your brain needs to avoid creating a connection between the dopamine release and the act of gambling as a reward for winning.

So easiest way: after you win a sum of money that makes you feel very happy and excited, you walk away from gambling and distract yourself with something else while that feeling wears off. I recommend at least a few days break.
2030  Alternate cryptocurrencies / Altcoin Discussion / Re: The pump of Trust Wallet Token (TWT) on: November 15, 2022, 01:33:57 AM
I recommend reading the posts in this topic on trust wallet security issues: https://bitcointalk.org/index.php?topic=5420819

Trust Wallet is not decentralized and it is not open source. This means they could possibly have access to their user's keys and obviously, being centralized, if something did happen like if they were hacked for some reason, that sensitive information would be going over to the hackers. And your coins with it.

So even if we see a pump of the Trust Wallet Token by nearly 200%, I would still stay away from it. The size of pumps should not be your measure for the quality of wallet/other services.
2031  Bitcoin / Bitcoin Discussion / Re: BTC will make it, but might be a long winter-Elon musk on: November 15, 2022, 12:51:42 AM
I still do not understand why people listen to Elon Musk. He has proven time and time again to be a huge nothing-burger. He is a completely narcissistic egomaniac with half baked inventions that do not hold water long term. Do people still think he is some sort of genius? He does exactly what Steve Jobs did. Hypes up his products and his own image without having achieved anything himself. Sure, he duped people in buying his products but being a sleazy entrepreneur with no moral compass is not impressive.

I very much doubt Elon Musks understands Bitcoin or its potential. If he did, he would not be hyping memecoins.
2032  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 14, 2022, 10:03:58 PM


everyone needs a gay bob in their life.
2033  Bitcoin / Wallet software / Re: What do you think about trust wallet? on: November 14, 2022, 09:16:53 PM
So ironically, Trust Wallet is not a wallet you can trust. It is neither decentralized nor open source. Which as the previous posters have indicated could pose a huge security risk as your keys could be possibly compromised.

Other than that, I have found Trust Wallet to be a decent wallet from the perspective of user experience, especially DeFi on the BSC and ERC20 blockchains. Although I have only tried it out with small amounts of funds and only those two blockchains.

I do find it weird they would lie about being open source. I think if there was a real open source version, I would not mind using it for larger funds.

2034  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Cash which is more secure on: November 14, 2022, 04:34:01 PM
Bitcoin is definitely more secure in a peaceful, modern society, in which everyone has free access to the internet and is not enslaved by a dictatorship like in North Korea where you are cut off from anything not approved by the government. Although even in such a dictatorship, people would find ways to keep Bitcoin alive and running.

Now, if the scenario were to be more drastic, like for example, WW3 and the collapse of everything and people would not have an internet connection then in such an extremest of cases, cash would be more useful, short term.

But I am planning for the future not for the apocalypse. So Bitcoin all the way.
2035  Economy / Gambling / Re: Black Friday fever: do you wait for extra bonuses from casinos? on: November 14, 2022, 02:05:46 PM
Halloween is now over. Perhaps some of you participated in tournaments from iGaming providers. Black Friday is next on the list.
As it is no longer associated solely with marketing campaigns of offline and online retailers, bookmakers and casinos actively support the November fever too.
They offer players FS from providers and various promo activities  from the platforms themselves.
Question - are you expecting exclusive promo offerings on the Black Friday?


Strange to assume that online gambling casino bonuses are no longer associated solely with marketing campaigns because that is exactly their one and only function. Otherwise there would be no point.

Any holiday even as minor as black friday is a good reason for a bonus marketing campaign. The bigger and more well known the holiday, the better the bonus will be. At least thats from my own experience with casino bonuses. Although I am not sure how widespread black friday is in the international community. It seems more of a western, if not a USA-only holiday. So maybe US based casinos will be offering the best bonuses.
2036  Economy / Gambling discussion / Re: What is your opinion on casinos that don't have ANN threads in the forum? on: November 13, 2022, 05:06:59 PM
I think that its not so very important whether or not a particular online gambling casino has or does not have an ANN, despite being a crypto-related business. It seems to be more important that their reputation does not become stained by having an open scam accusation on our scam accusation subforum. And if they do, then they should at least have the courtesy of creating an account just to talk to their community and explain themselves. Otherwise it makes it seem like they do not care about their players very much. Which to anyone, is a big red flag. Huh
2037  Economy / Gambling discussion / Re: Best Crypto Gambling this year? on: November 12, 2022, 07:07:14 PM
I would not be able to tell you which one is the best because I have not had the pleasure of trying out each and every online gambling casino on your list but if I had to pick one, then I say Fortunejack. And not only because I am endorsing it with my own avatar and signature on my BTCT account, but I also play on Fortunejack quite a bit. So I have gotten used to it. The user experience design is quite pleasing and it is one of the very oldest and most known crypto-related gambling casinos. And after all those years I have not heard anything bad about it. Nobody has accused it of scams or otherwise. So to me, its a very comfy casino that I feel ok with storing my funds on.

Its also got quite a lot of interesting games and events, so thats a big plus. Grin

2038  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2022, 02:48:54 PM
I am surprised that SBF and Kwon haven't been assassinated yet, TBH. How pissed must their investors be right now?
Maybe this is the reason you are seeking (umeridrees)

Are you implying that I would ever have invested in either SBF or Kwon's shitcoin scams or even held my coin on their exchanges? I will not be insulted.

You missed the point he was making...

Peeps that can afford high-profile assassinations got theirs.

Yes, I may have misunderstood his meaning. But my point still stands.

"Poor people cannot afford assassinations" Roll Eyes
Oh, well good thing poor people cannot kill others out of revenge. Especially when their entire life's savings have been stolen.

2039  Bitcoin / Legal / Re: Implications of the FTX and Alameda Situation for Cryptocurrency and Regulation on: November 12, 2022, 02:41:25 PM

Why hasn't Bankman-Fried been arrested by law enforcement yet?
I understand that everywhere there is a lobby, but there must be a red line.


If Sam Bankman-Fried has not been arrested and will not be arrested then that only means that the justice system has failed when faced with crypto crime. One may see this either as a good thing or a bad thing, depending if you are for or against regulation of cryptocurrency.

Some people will see the uncontrollable nature of crypto in a bad way: The scammers will obviously see this as a green light to scam even harder, because hey, whos going to stop them?

I myself will try to remain positive and see this as a good thing: This is just more proof that cryptocurrency as well as its crimes are completely unregulatable and out of control of the government and the latest news about FTX as well as LUNA are just providing more evidence for this hypothesis. So we do have a system of freedom, should our governments ever decide to betray us.

I imagine that in the future, the governments and the people will have each other "by the balls". No more anti-democratic/dictator governments.
2040  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2022, 02:28:14 PM
I am surprised that SBF and Kwon haven't been assassinated yet, TBH. How pissed must their investors be right now?
Maybe this is the reason you are seeking (umeridrees)

Are you implying that I would ever have invested in either SBF or Kwon's shitcoin scams or even held my coin on their exchanges? I will not be insulted. GTFO. -10 Merits. You are banned from posting on WO. Do not pass go, do not collect $200. Social Credit Score -50 points, report to the nearest government re-education facility.
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