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2121  Economy / Gambling / Re: 🎲STAKE | KYC - ACCOUNT VERIFICATION LVL 4 ! | #RESTRICTED COUNTRY #LVL4 #KYC🎲 on: March 29, 2022, 06:28:26 AM
I don't understand the players,who want to bypass or break the Terms or Service of crypto casinos.
What will be your benefit of doing this?Your account can still be blocked,even if you somehow miraculously manage to upload fake documents and get accepted for a Level 4 verification.
Breaking the Terms of Service of a gambling platform would always bite you in the a$$,at the end.
Are you brave enough to deposit crypto coins in an account,that has been verified with fake documents?
Perhaps the Stake customer support runs manual reviews of all documents,that have been uploaded.
What happens then?
2122  Bitcoin / Bitcoin Discussion / Re: Russia to legalize Crypto Mining Soon on: March 29, 2022, 06:06:08 AM
I still don't know whether or not crypto mining in Russia is illegal.Perhaps crypto mining is in the grayhat area.
Russia is in the Top 3 countries,when it comes to crypto mining and hashpower.With that being said,I don't believe that so many cryptocurrency miners keep running their business outside the law in Russia.
By the way,Kazakhstan is a country that's been very politically dependent on Russia and crypto mining is being under attack there.Maybe Kazakhstan will follow Russia's example and legalize crypto mining as well(or at least impose more liberal regulations upon the crypto miners).
I don't trust the Russian government and I think that news coming from Russia should be taken with a grain of salt.
2123  Bitcoin / Bitcoin Discussion / Re: Friends Give Me BTC as Birthday give on: March 28, 2022, 12:11:05 PM
Happy Birthday.This seems like a great gift.I wish that more people would give me money at my birthday(not just useless gifts). Grin
I really hope that Kucoin won't block your account for logging in via a different IP address.
I guess that teaching other people about the benefits of Bitcoin(and cryptocurrencies in general) pays off at the end.I just don't have the motivation to go outside and teach other people about Bitcoin.I'm very introverted and I'm really careful,when it comes to talking about Bitcoin/crypto.You never know what might happen,if some evil people find out,that you own and trade Bitcoins.
People like you are the reason why the "Bitcoin army" keeps growing.
2124  Economy / Speculation / Re: Bitcoin Breakout on: March 28, 2022, 11:45:18 AM
A 50K BTC price at the beginning of April would be great.During the entire winter season,I've had a positive feeling about the Bitcoin price in the upcoming spring and my gut feeling might be right.Of course,a Bitcoin price level of 45-50K USD might be temporary and the price might drop back to 40K,if major FUD news appear out of nowhere(probably USA or Russia).
I'm not one of bullish maximalists,who are expecting 100K,250K or a million dollar Bitcoin price.We should be happy with a 50K price.Greed is always a bad advisor,just like fear.
 
2125  Economy / Economics / Re: Energy, the driving force of any country being scarce gives way for inflation on: March 28, 2022, 06:05:53 AM
The scarcity of oil and gas is artificially created by the political situation in Europe.
There's no actual shortage of oil and gas.It's just the political situation in Europe,that is creating uncertainty on the gas markets.The European countries are dependent on Russian gas for their electricity production(many power plants in Germany are using natural gas).When the gas prices went up,the electricity prices also went up,so the goods produced with expensive electricity also became more expensive.
American gas is more expensive than Russian gas and the USA cannot export enough quantity to Europe,in order to fully replace the Russian gas.
This inflation would have existed even without the energy prices going up.The money printing machines of the Federal Reserve and the European central bank created the conditions for high inflation levels years ago.
2126  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving and Corresponding Prize Economy on: March 28, 2022, 05:23:55 AM
Quote
1. Halving is done in other to increase the demand for bitcoin at all economic levels.

This is wrong.BTC halving is done in order to decrease the supply of BTC,not to increase the demand for BTC.
Anyway,what's the purpose of your forum thread?You are just repeating things that have been written and discussed multiple times on the forum.You don't add anything new to the discussion.
Many "crypto experts" and crypto traders are saying that a new ATH should be expected only after the next BTC halving in 2024.I can't say whether they are right or wrong.Nobody has a crystal ball to predict the future.
You are right about the fact that every BTC halving is creating hype and bullish price speculations,but we already know that. Grin It's like saying that the sun is hot and the water is wet.There's no room for debate here. Grin
2127  Economy / Trading Discussion / Re: What and where? on: March 27, 2022, 11:44:55 AM
You say that you don't know what do to,but you have been using Binance for a year?
How did you used Binance?Did you have a demo trading account or something? Grin
My advise for you is to get any possible information about trading(that is available for free on the internet) and just watch the videos and read the text content.
I know that practice is the best education method,but theory is also important.
You have to be prepared for losing lots of money in the beginning.Almost all traders begin by losing money.
This is just a part of the journey.Only the most persistent and disciplined will survive in this business.
You should avoid the higher risk trading tactics-like leverage trading.Stick with the big crypto-Bitcoin and the top 5 altcoins.Maybe after gaining more experience with the big crypto coins,you could jump into day trading.
2128  Economy / Speculation / Re: Bitcoin rises, Ethereum biggest gainer on: March 27, 2022, 11:18:01 AM
Quote
The total volume in DeFi is currently $13.43 billion, 12.57 percent of the total crypto market 24-hour volume. The volume of all stablecoins is now $88.49 billion, which is 82.84 percent of the total crypto market 24-hour volume.


Who cares about the stablecoins and DeFi?If you plan to write about stablecoins and DeFi,then why not move this forum thread to the Altcoin discussion forum.The "Speculations" forum is only about discussions related to the Bitcoin price.

Quote
Bitcoin's price is currently Rs 33.88 lakh, with a dominance of 41.89 percent. This is a 0.14 percent increase over the day, as per CoinMarketCap data.

Who cares about the Bitcoin price "dominance" over altcoins anymore?This indicator doesn't mean anything.
Should we pay attention to a 0.14 percent price increase for one day?Any Bitcoin price movement below +/- 10% should be ignored,if you ask me.There's no point of focusing on such small price increases.

The part,where you are writing about changes in the crypto tax legislation is quite interesting.Are you talking about the crypto taxes in India?If yes,then why don't you mention this in the forum thread.
I thought that you were writing about the US crypto tax legislation. Grin
2129  Economy / Economics / Re: What about the role of giving in personal finance? on: March 27, 2022, 06:32:08 AM
I'm familiar with Kiyosaki,but I've never seen any videos made by Dave Ramsey.
His views about giving and donating are quite interesting,even though there's no direct correlation between the money you give for donations and your personal financial results.
Perhaps there is a psychological element in this.Giving more money for charity can boost your ego and make you feel better about your self,which makes you more productive and motivated to work,which leads to better  financial results.I don't think that this "giving" approach can work with sociopaths,though. Grin
I can't agree about not having debt at all.It's OK to borrow money,if you know how to use them and you payoff your debts on time.
2130  Economy / Gambling / Re: Casino Game on: March 27, 2022, 06:08:07 AM
So you didn't know the meaning of the term "casino"?Are you five year old? Grin
Haven't you visited an actual casino?Have you ever heard anything about Les Vegas casinos?
Las Vegas is a part of the pop culture and there were multiple movies about the gambling industry in Nevada.
I have the assumption,that even 5-6 year old kids know a lot about casinos and gambling nowadays.
Maybe I'm wrong. Grin
Where do you live?Perhaps there's a different word in your language that describes casinos and gambling.
My advise for you is to restrain from gambling,since you don't know anything about gambling and casinos.

2131  Bitcoin / Bitcoin Discussion / Re: CEX ruins the true value of Bitcoin on: March 27, 2022, 05:43:58 AM
Quote
We aren't compelled to make use of these exchanges, it is possible to use the non custodial wallets. However this Exchanges might turn to be similar service providers of banks in future while sticking to the rules and regulations.

The centralized crypto exchanges are already kinda similar to banks,when it comes to complying with the laws and regulations set by the authorities.We can't blame them for that.Every registered business has to comply with the laws and regulations,otherwise it will get punished by the authorities.
I guess that we can't have both value and anonymity.We have to sacrifice one or the other.
Complete anonymity means less value,like messing around privacy coins,which are less valuable or using BTC mixers,which are costing you fees and there's always a risk of getting scammed and losing your coins.
A CEX can also scam you,but at least you could hire a lawyer and sue them.
2132  Economy / Gambling discussion / Re: 2022 FIFA World Cup in Qatar - UEFA Qualifiers on: March 25, 2022, 07:09:26 AM
Congratulations to Northern Macedonia for the historical victory against Italy.
Sometimes being better than your opponent simply isn't enough.Sometimes football is all about luck.
The Italians had lots of luck during the penalties in Euro 2020,now their luck has disappeared.
Usually the teams,that are wining Mondial or Euro trophies disappoint in the next qualification season,right after the Mondial or Euro tournament.
I don't think that Portugal would make the same mistake as Italy in the upcoming match against Northern Macedonia.Christiano Ronaldo will definitely play in another World Cup tournament(probably the last World Cup in his career).
2133  Bitcoin / Bitcoin Discussion / Re: Russian head of the committee on Energy about selling oil and gas in Bitcoin on: March 25, 2022, 06:48:17 AM
The news in my country are that Russia is going to be accepting rubles for selling oil and gas to the hostile countries(USA,Canada,UK,Austrslia and most of European countries).There aren't any news about Russia accepting cryptocurrency payments for selling oild and gas to the friendly or neutral countries.
Actually,there aren't any indications that the Russian oil and gas companies replaced dollars and euro with rubles in the recent days.
All the news about Russia and Bitcoin are just a big speculation.I would never believe that Russia would turn into a Bitcoin friendly country.Even if that happens,the western world will impose sanctions over the cryptocurrency industry and the BTC price would collapse.
2134  Economy / Economics / Re: I heard a rumor that OPEC will go 300 USD / barrel this year on: March 24, 2022, 11:20:31 AM

I think you are talking about gas and not oil? Europe imports about less than 3 million barrels per day from Russian crude[1], this amount can be compensated by Iranian oil or even allow Venezuela to export oil, also that 3 million barrels out of a total of total 70 million barrels per day will not lead prices to rise from 100 USD to 300 USD.

Do not forget that these prices may be encouraging for shale oil.

With regard to gas, the story is completely different, as is the cost of liquefied gas, establishing stations to receive that gas, and the cost of the story may easily multiply prices several times.



The oil industry in Venezuela is in ruins,due to the "smart management" by the Venezuelan socialists.
It would take years for Venezuela to recover it's oil industry and this would require foreign investments,which is impossible under the Maduro goverment.
Iran is exporting oil mostly for the Asian countries.I don't think that the Iranians would switch to Europe.
Iran has close relationships with Russia and not-so-close relationships with the European Union.
Anyway,I don't believe that the oil prices can hit a range above 150 USD for long time frame.
Anything above 150 USD oil price would be catastrophic for the global economy.  
2135  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: March 24, 2022, 06:14:02 AM
I expect Inter and Juventus to end in a draw,Atalanta to beat Napoli(or draw) and AC Milan wining against Bologna.This will secure Milan's first place(for a while).Both Inter and Juventus are unpredictable in their performance,but I can't see Inter being stronger than Juventus or the opposite.
Atalanta is probably my favorite Italian team.They are doing quite well in the European tournaments as well.
AC Milan is under high pressure of winning every match until the end of the season.They might win against Bologna,but they will crack down under the pressure at some point.The Serie A winner will have to be decided at the last round of the season.
2136  Bitcoin / Bitcoin Discussion / Re: Prince Philip of Serbia: "only way around inflation is Bitcoin" on: March 24, 2022, 05:49:12 AM
It seems like this guy is a diehard Bitcoin supporter,but so what?
He isn't some multimillionaire,billionaire or a celebrity.His opinions won't influence millions of people to join the Bitcoin world.He is a member of the aristocracy,but that doesn't hive him any authority whatsoever.
Maybe inflation will disappear,if Bitcoin gets globally accepted as the one and only global currency,but I can't see this happening.The central banks and the governments will try to do whatever they can to preserve their monetary power and control.
2137  Economy / Speculation / Re: Bitcoin Breaks Past The $40,000 Barrier Again? on: March 23, 2022, 11:47:13 AM
Price stabilization?Most likely not.The people,who are talking about Bitcoin price stabilization probably don't know how Bitcoin works. Grin The price volatility of Bitcoin will last forever.
The Bitcoin price breaking the 40K barrier doesn't mean anything at all.The price went above 40K USD around 2 or 3 times in the last several weeks.I guess that the panic selling,which was caused by the war in Ukraine is most likely over,since we don't see any sharp 10% price drops of the BTC price.
I'm still optimistic about the upcoming months of April,May and June,but I don't expect another ATH during the spring.
2138  Economy / Economics / Re: Inflation hitting the world every year on: March 23, 2022, 11:27:53 AM
The US federal budget deficit is bigger than the GDP of several big countries(AFAIK,it was somewhere around 4.5 trillion dollars).What else do you expect?
The politicians want inflation,but they will never publicly admit it.
Things would have been different,if the USA didn't have such budget deficit and the Federal reserve wasn't printing billions of dollars every day.Getting into debt is addictive.Inflation is also addictive for the central bankers and politicians.It's like having a platinum credit card and never paying off your debts.
Nobody knows what will happen after 50 years.I'm sure that the fiat financial system will have to face some kind of big reset.Probably billions of dollars would be removed from circulation and destroyed.
I big part of the US federal debt will have to be "shaved" at some point.
2139  Economy / Gambling / Re: BoleBit|Multi-language Crypto game provider with all Currencies&Cryptocurrencies on: March 23, 2022, 06:24:43 AM
This adult animation on the forum thread really caught my attention. Grin
1.So you want to target the Asian markets.There's nothing wrong with that,but I'm not sure about the online gambling regulations in most Asian countries.
2.So your business will be basically being a game provider for other crypto casinos,rather than creating your own crypto casino.Good luck with that,but I think that you should change your marketing approach and focus on finding casino owners,rather than directly promoting your service to the crypto gamblers(which most likely won't be interested in your service).That's why I don't think that posting this thread here in the Gambling forum will get the attention of the right people.
3.Releasing a finished and fully functional product would be way better for your reputation than posting a demo/beta version.
Good luck with your project,OP.
2140  Bitcoin / Bitcoin Discussion / Re: Does mining gets affected? on: March 23, 2022, 06:04:09 AM
When a country has power shortages and blackouts,the cryptocurrency miners are the first to put the blame on.They are just too insignificant and shutting them down won't hurt any important part of the economy.
The mining difficulty will get adjusted,so I don't expect any interruptions within the BTC blockchain.
Probably some traders started panic selling their BTC,because of the hashrate drop(or because of the news coming from Kazakhstan),but this is a wrong move,since the Bitcoin price will always recover from such temporary shocks.The right move is such situation is to HODL.

 
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