I believe there are some people who post in the topic that are still unconvinced that there are protests around the world caused by high inflation. Those people will start believing it, probably during or after the winter. Plus if anyone believes that we have already seen the worst of the crisis, there will be MORE bad news coming. Russia is preparing for what might be something unavoidable. Russia's parliament on Tuesday approved a bill to toughen punishments for a host of crimes such as desertion, damage to military property and insubordination if they are committed during military mobilisation or combat situations. The bill, passed in its second and third readings on Tuesday by the lower house of parliament, the Duma, comes amid debate inside Russia about a possible mobilisation, a step which could significantly escalate the conflict in Ukraine. According to a copy of the bill, seen by Reuters, voluntary surrender would become a crime for Russian military personnel, punishable by 10 years in prison. https://www.reuters.com/world/europe/russian-parliament-toughens-punishment-crimes-during-mobilisation-2022-09-20/. |
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PoS is weak security.
Funny, the US Office of Science and Technology list Proof of Stake as Secure. Maybe they are smarter than you franky1, because weak was left out. They also recommended PoW be eliminated. (1 executive order is all it takes.)All those smart people, and they have a totally different viewpoint , imagine that. .. those exchanges are not just the mining pool.. but also the economic nodes of deciding what forks to follow for their trading market order books. and the vault holders of general users wealth It's also currently more possible under Ethereum's new system, only accounts that went through KYC will be allowed to stake. It definitely opened new attack vectors that can be used by centralized government entities, some of which will only be known by the users by surprise. A Black Swan. Bitcoin should never change, especially not because there are mere trolls who are probably from the BCash SV community. |
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Trolls who are making their debate for POS, especially if using Ethereum as the narrative, have no understanding or doesn't try to have an understanding of what Ethereum actually lost, and its importance. There's currently more/increased probability that Ethereum will devolve and accept "the trade-off" to be compliant, which should be UNACCEPTABLE for a base layer.
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Germany is a country that have good resource, and economically good. This time it is suffering the worse with climate changes as well as more other financial difficulties. One amongst is the insufficient oil. This will make them think of moving into renewable energy production. Maybe this year the country will suffer, but in the future it'll be more effective as it doesn't want to depend on other nation for oil.
That's true, Germany does have natural resources available that scale from natural gas to coal, but is it enough to supply their population's growing energy needs? Are the policy makers making the right policies to actually use those resources and be independent from foreign countries for their energy needs? I'm not trying to disprespect Germany, and people from Germany, but the answer is "I believe not". germans were not always good. They built themselves.They are the nation of people who knows how to work hard and bring the dream alive. They have great infrastructure and beautiful land. Read my post. My issue is not with the German people, because like all of the other people from other countries, whether it's Ukranian, Russian, or American, they are all good, hard-working, and they love their countries. My issue is with the government, and their policies.Plus "war-time economy" to start in Europe if the European Comission's proposal for emergency powers is approved. The proposal includes giving the government the right to "ask" private companies to expand or repurpose their production lines, https://ec.europa.eu/commission/presscorner/detail/en/ip_22_5443You are barking at the wrong tree. The root cause is the fascist Russian government that started this clusterfuck. Russia waged an economic war on the West as they started a genocidal war in Ukraine. Right now, no sane country would want to depend on the energy supply from Russia. Not only that, NATO is frantically preparing for the actual war with Russia. Europeans will find a way out of this nightmare. I am not sure Russia will. You're not trying to the context of my post ser. You say, "Russia waged an economic war". Yes, but that fault is not on the Russian people. It's obviously on the Russian government. Everything about the current crisis in Europe is on the government, from BOTH sides of the economic war. The people, Russian, Ukrainian, German and those from other European countries have merely become the casualties. |
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Germany is a country that have good resource, and economically good. This time it is suffering the worse with climate changes as well as more other financial difficulties. One amongst is the insufficient oil. This will make them think of moving into renewable energy production. Maybe this year the country will suffer, but in the future it'll be more effective as it doesn't want to depend on other nation for oil.
That's true, Germany does have natural resources available that scale from natural gas to coal, but is it enough to supply their population's growing energy needs? Are the policy makers making the right policies to actually use those resources and be independent from foreign countries for their energy needs? I'm not trying to disprespect Germany, and people from Germany, but the answer is "I believe not". germans were not always good. They built themselves.They are the nation of people who knows how to work hard and bring the dream alive. They have great infrastructure and beautiful land. Read my post. My issue is not with the German people, because like all of the other people from other countries, whether it's Ukranian, Russian, or American, they are all good, hard-working, and they love their countries. My issue is with the government, and their policies. Plus "war-time economy" to start in Europe if the European Comission's proposal for emergency powers is approved. The proposal includes giving the government the right to "ask" private companies to expand or repurpose their production lines, https://ec.europa.eu/commission/presscorner/detail/en/ip_22_5443 |
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I have been here for a while and I can say that I have never been asked my KYC before, I am not saying they do not ask it at all, all I am saying is that it is not mandatory like some other places. Some places ask you even if you want to gamble, some others ask you when you want to withdraw even 100 bucks, but blackjack is not one of those places, they only ask it if you gamble a lot I suppose, or maybe they ask it if there is a suspicious thing.
Maybe you're a long time user on their platform that is why they don't ask you to do KYC yet. But for new users, we should always expect KYC verification whatever platform that we try. Gambling websites have become more stricter now and each of them have different rule on their KYC, some will ask you to still comply even if the amount you will withdraw is just 10$. We are not in the place to complain if it's stated on their ToS in the first place. The only choice we have is to leave that small amount on their platform if we really don't want to complete their KYC. The age of the account doesn’t related on the urgency to do KYC because you will only be required to do KYC if you display something suspicious that will caught the attention of the security team of the casino. I’m an old player on this casino but still I undergo KYC due to my own fault. I regularly deposit and withdraw my balance often times and sometimes I do multiple deposit from different wallet on my exchange to gamble. That's very understanable because of the nature of something such as Bitcoin. I believe from a business standpoint, casinos would of course like unlimited coins going into the site regardless of where it came from. But there are rules and regulations that must be complied by the casino as a protection for itself through acceptance of "their" rules. A trade-off. I won big today in bjfun and now i cant play anymore, if i try to open the site i only have the KYC setup, i send everything they want but after i click "send verification" nothing happens and if i refresh the site i must do the KYC again and again
It's a UX issue. Tell the admins in the chatbox. Are you Gennady12? |
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DCA is a good way to accumulate bitcoin long term I see this prospect is quite good this is still the right choice in a bear market, so don't panic let alone sell your BTC, look at this data people are brave enough to buy Bitcoin worth $ 2 - $ 8 million every day in implementing their DCA.
Stay DCA and HODL.
It's a whale trying to hoard more BTC on daily purchases its even crazier the millions of dollars they spend just on DCA, really brave in accumulating Bitcoin. If we get a whale with hundreds of BTC then we consistently keep it on the weekly we buy the BTC, it doesn't matter if we only buy 0.00xxxBTC but in the long run we can feel how this is going well, so I will also be in the DCA strategy. Maybe it's a whale purse - 3FpYfDGJSdkMAvZvCrwPHDqdmGqUkTsJysIf it was buying real Bitcoins to HODL, and not trading futures contracts with leverage, then definitely there's nothing to be worried about. It's just the bear part of the market cycle. During the bull part of the cycle, the same people who didn't buy and merely looked at the DIP, WILL wish that they bought the DIP. The market is giving us plebs a gift, another Golden Opportunity. |
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Green Peace that are also beginning to use Ethereum's transfer to proof of stake as an attack on bitcoin.
You mean the organization that was paid $5 million by Ripple to spread FUD about bitcoin. Elon Musk will buy Ethereum on 2023 or 2024.
It depends on whether in the weeks during 2023 or 2024 that ETH is pumping or has any pumping potential or not. Otherwise Elon doesn't give a shit. The long-awaited #EthereumMerge is here: the world’s 2nd largest cryptocurrency now uses 99.95% less energy, dramatically cutting its climate pollution!
The shitcoin with biggest market cap was using 99.97% less energy before ETH was created and replaced it as the biggest centralized shitcoin with highest fake market cap  Now it’s time for @Bitcoin to change.[/i]
LOL I believe Ethereum might have also made the situation worse for itself. Because if Ethereum's supporters theorizes that institutional investors will choose Ethereum over Bitcoin because "climate change concerns", they might not be reading into what the government could do.   There's a probability that Ethereum core developers shot themselves, after throwing the most basic advantage they had over their competitors. |
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While Bitcoin PoW continues to be an insanely stupid waste of energy resources.
Ethereum has evolved leaving behind the dead-end technology know as Proof of work/Waste.
LAUGHABLE! Ethereum has actually DEVOLVED into something lower, like the other cheap blockchains competing against it for the same use cases. What Ethereum had that its competitors couldn't have is a self boot-strapped, mature, Proof of Work consensus layer. It's NOT EASY to reach that level. It was an advantage in the most basic level, but the Ethereum developers threw that away. |
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The price is guaranteed to go back under $20k before the end of the month. Easiest poll of my life.
WHEN? Right about now. OK, then? What are we supposed to do about that? Panic? Sell? Shout? Pray? Cry? It's actually the best time to PAY ATTENTION, and start looking for OPPORTUNITIES. You can laugh today, but visit this post during 2024 or 2025. I won't debate that there won't be another crash down, because there's some probability that it will crash under $18,000. BUT I will tell my fellow plebs that another crash down will look very familiar. Weekly chart, zoom out, look for January to August 2015. |
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The tournament reward on Blackjack.fun is now working properly on whales because they are still few but what will be the case if there's more than 20 whale competing on top spot while the rakeback reward was only 1mbtc in exchange for there million dollar wager?
We are fellow Blackjack.fun supporters, Discussing this kind of topic for improvement is really awesome.
And I guess they'll keep changing the terms and conditions and the way bonuses are paid out. Like you said, I play at other casinos too (actually not really, I play sports at other places, some dice at other places but casino stuff a lot of my recent wagering happened right here at BJF hehe) but as I said, that means I see how unrewarding it is at those other places. I get a lot more here than I do other places and I'm NOT a while  GL to you, win more BJ! I'm personally not much of a gambler, I play some BlackJack, some Craps, and sometimes Plinko during my lunch breaks in different casinos too, but there's something about BlackJack.fun that makes me return to the site. I don't get anything in forms of cashbacks, but it's the freebies from the wagering competitions! Plus it's not about how much you can get, it's about the enjoyment of voting for REAL WINNER, and supporting him in the chatbox. Haha. |
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Germany is a country that have good resource, and economically good. This time it is suffering the worse with climate changes as well as more other financial difficulties. One amongst is the insufficient oil. This will make them think of moving into renewable energy production. Maybe this year the country will suffer, but in the future it'll be more effective as it doesn't want to depend on other nation for oil.
That's true, Germany does have natural resources available that scale from natural gas to coal, but is it enough to supply their population's growing energy needs? Are the policy makers making the right policies to actually use those resources and be independent from foreign countries for their energy needs? I'm not trying to disprespect Germany, and people from Germany, but the answer is "I believe not". |
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Plus who in Bitcointalk is actually living in Russia right now? Is there support for Putin, or are the people becoming discontented by the economic situation?
I live in Russia, in the Urals (about 2000 km from Moscow). As for the economic situation, I can say the following: 1. Utilities (electricity, gas, heating, etc.) have risen in price by about 5% over the past six months. Gasoline at gas stations has not risen in price. Basic foodstuffs have not risen in price, there was a surge in prices in early spring, then prices rolled back after the strengthening of the ruble. 2. Significantly more expensive cars, a significant drop in sales, friends who wanted to change the car abandoned this idea. 3. Recently, the price of food for Royal Canin cats, which ate my cat and cat (British and Scottish breed), has noticeably increased (by about 50%). Many types of new pet food made in Russia have appeared on the market. I consulted with a familiar veterinarian, she advised a good domestic food, my pets approved of it. In terms of money, food is slightly cheaper than Royal Canin before its sharp rise in price, that is, my budget for keeping animals has not changed. That's good for your people that basic necessities' prices are stable. The luxury cars, that can wait until the situation gets better. Haha. Plus your cats are happy, that's good!
4. I smoke cigarettes from farm tobacco, I used to buy French paper and filters for cigarettes from Mascotte. Recently, they have also risen sharply in price (by about 50%), I switched to Polish filters and Chinese super-thin paper, at a price they are about three times cheaper than French ones. The quality of the paper is the same, Polish filters are slightly worse than French ones, but not fundamentally.
5. Apple equipment, which is now imported into Russia under the parallel gray import scheme, has risen in price very much. But there are options, for example, a macbook pro on an m1 max chip with a 1TB ssd costs about 800 thousand rubles (about 12 thousand dollars) in Russia, a friend recently bought a new unpacked macbook pro for 250 thousand rubles, which was made for the UK market and imported into Russia through the United Arab Emirates. Laser engraving of a Russian keyboard costs 1,000 rubles.
I believe it would be the best opportunity to quit smoking tobacco, you can save more money to buy Bitcoin. The Apple products, you can also live without them, just like the luxury cars.
In general, the economic situation is stable, if some European goods rise in price sharply due to sanctions, there is a quite adequate and budgetary replacement. It looks as if Western manufacturers are losing the Russian market due to their own sanctions, and their place is being taken by domestic or Chinese goods. My opinion is that the Europeans believed too much in the power of the brand.
There are no protest moods in Russia, Putin has a very large credit of trust among the population. There is no systemic opposition in Russia.
OK, then the things I heard about a conspiracy against Putin might only be propaganda. |
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I believe we should readjust our perspective, and viewpoints on Bitcoin to be a hedge against debasement, and as a hedge against what the cabal behind the Federal Reserve and other Central Banks around the globe could possibly do, not a financial hedge. The market for Bitcoin is connected to the legacy market because it is traded against fiat, BUT the distribution of the currency, its supply, and the network itself is absolutely independent.
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If during the next bull market cycle happens in 2024, a small capital of $500 used for x3 to x5 leverage, and compounded and done with the correct rotation of trading profits from Bitcoin, to "acceptable/safer altcoins", to shitcoins. OP might find himself with more than $50,000 after the end of the cycle. That's if we assume that all of the trades are with "perfect timing".  In order to expediently use margin trading and leverage for such long distances, you need to open deals after the end of the global bearish trend, and not inside it. The bearish trend is not broken yet, we are inside the down price movement and the risk of the price falling below $18,000 is still too great. Because of Bitcoin's volatility, and because of the risk of x3 leverage, that's probably with an assumption that you have gotten very lucky and did a "perfect timing" on the trade. But as plebs, we have already known that these are not very easy trades to do. It's probably easier to do during a bull market, but with leverage, debatable. You're giving the exchanges an opportunity to liquidate you. |
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Plus is BlackJack.fun still blocking withdrawals without KYC?
Who says they are blocking withdrawal without KYC? KYC is triggered for only very few users due to valid reasons. I thought someone in the topic said that he could not withdraw his $150.00 in Bitcoin, and he was also banned from that chat-box? But OK, it must something valid that triggered it. Plus Real Winner is currently playing NOW! Vote for him in the wagering competitions, and the biggest bets, and the biggest wins to get some free spins! He'll surely win them when he plays long periods of time. |
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Leveraging on 3x is very conservative like you've noted. It's almost like doing it the spot way. My thinking is embedded in the African saying – If one wants to eat frogs, one should eat the very rotund or plump ones so that one can thump one's chest when called a frog eater. If one wants to trade Futures, one should take the risk and not be lily-livered like a sissy. Lately, I'm beginning to develop interest in Futures trading. I play around 10x to 20x and it's not even of too much risk, provided there's always a SL to cushion any downside. Again, there's also that display window for liquidation level. So, it's not as if the risks are hidden. I wouldn't call x3 leverage conservative. Rather, it is already an above-average risk. The conservative risk is 1% of the amount of your deposit, this is often stated in various textbooks on investing and trading. But it is worth noting that we are talking about derivative risk, and in derivatives trading we cannot sit in the market forever, unlike spot, as we have a level of liquidation that can eat up our entire position. And in general, margin trading and such a word as conservative cannot exist together in principle.  It's truly gambling, BUT it's their money. If during the next bull market cycle happens in 2024, a small capital of $500 used for x3 to x5 leverage, and compounded and done with the correct rotation of trading profits from Bitcoin, to "acceptable/safer altcoins", to shitcoins. OP might find himself with more than $50,000 after the end of the cycle. That's if we assume that all of the trades are with "perfect timing". |
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What other dice games does your site have? Does it have Craps by Evolution. I believe Craps from Evolution is the best of all from a UI/UX viewpoint. Please have it and spread the good word of Craps. Someday maybe we plebs can play together in a Craps tournament. It's a very good dice game that requires the user to use different betting strategies.
There is a search bar in the casino, you can use it to search the game you are looking for. Simply put the name of the game or keyword and you will see whether the game is available or not. Here is the result when I search for "CRAPS":  Is this what you are looking for? Anyway, I'm not familiar with craps and I also thing that it is not really popular game in this forum. Never seen any craps contest/tournament before and it is also rare to see discussion about this game. I doubt that it will be a good decision to create craps tournament because of its low popularity. It's not very popular in the forum, it's probably because I'm the only one who's taking the time to learn and play it. Hahaha. It's really a good game if you want something like a dice game combined with something like a card game that requires a little strategy like BlackJack, but none from the psychological side like poker. Everyone should learn, https://www.youtube.com/channel/UCPZ2kcfmtAhnf_RVc9fZzNAI was using my phone to search.  To celebrate the launch of Punt.com, we are currently offering 0% Commission on our Provably Fair Player vs. Player Dice Duels! This is completely unprecedented. There is no code needed to take part. Enjoy! -Punt Management This might be a good concept, this Dice Duel idea of yours. You could also probably have a Dice Duel tournament for the Bitcointalk gambling community as a celebration of your first month in the forum.  What other dice games does your site have? Does it have Craps by Evolution. I believe Craps from Evolution is the best of all from a UI/UX viewpoint. Please have it and spread the good word of Craps. Someday maybe we plebs can play together in a Craps tournament. It's a very good dice game that requires the user to use different betting strategies. Thank you for the suggestion! We can most certainly look into having Dice Duel tournaments exclusively for Bitcointalk members! Also, we do indeed have "Craps" on Punt.com! -Punt Management Craps is a good dice game for tournaments too, like BlackJack. |
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I am really curious why this is happening, the dumps when the inflation report is released, maybe there are just some panic sellers who are FOMOd because of the report.
It's very simple: with the report, even more aggressive rate hikes are expected. Some are already talking about 9%: 'Investor Mark Mobius says US interest rates could peak at 9% if inflation keeps rising. "So you have 8*% CPI. That means you have to have 9% interest rates," said Mobius, who co-founded Mobius Capital Partners after spending more than three decades at Franklin Templeton Investments.' Mobius Sees Fed Rates as High as 9% If CPI Keeps RisingEven without reaching that level, the most likely scenario is that rates will continue to rise, which means less money in circulation and people will have less money to invest. Investors are therefore anticipating events: they see a pessimistic scenario for financial assets and act accordingly. The news affected everything. Markets in general, not just bitcoin, for this very reason. The inflation is sticky in the U.S., therefore the Fed might have no other choice but take a path for a "hard landing". Interest rates may be raised to levels unexpected, more tightening by selling back U.S. treasuries, and on the government side, more taxes to get more money/liquidity out of circulation. We will not like it, and it will put more tension on the market, and that might make it crash again. BUT save what you can save today, it will be another golden opportunity to Buy the DIP, and HODL. |
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Important report comes out that inflation is pretty bad (USD)..
Bitcoin dumps off a cliff..
This is the exact opposite of what Bitcoin is supposed to do..
Has Bitcoin strayed too far from its purpose?
It's not actually inflation that's causing Bitcoin's decrease/fall in price. It's the actions of the FED against inflation which is causing a recession. The FED is tightening and raising rates, pulling out liquidity from the economy, which lowers demand and causes a bear market. It may be a mistake, my mistake, to say that Bitcoin is a financial hedge against inflation. Because it might not be financial. The more I understand, I believe Bitcoin is a hedge against the cabal behind the FED. If they break the current financial system with all their policies and manipulation, Bitcoin will remain and keep chugging along producing block after block. |
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