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2161  Economy / Economics / Re: Are you ready to spend crypto when market is down on: October 07, 2022, 10:24:54 PM
I would rather never spend crypto. Its just a huge disappointment to see your coins going down. Instead, why not hedge your coins against fiat and make more coins by trading? Never sell at a loss, never forget to buy at a bargain. Although depending on your individual trading strategy, you might find hodling to be the better of the two options. Either way, coins to me are more valuable then most unnecessary things. The only except is living costs and thats it, really. Apart from those spendings, there is absolutely no excuse whatsoever to throw away coin. Shocked
2162  Bitcoin / Bitcoin Discussion / Re: 90% of bitcoin is owned by 2% of user base on: October 07, 2022, 06:26:15 PM
Price discovery is impossible with the whales controlling 90% of all bitcoins minted.  The original intent of bitcoin as a neutral asset disappeared long ago.  Those at the top are trying to get more users in to keep it's price (and their investment) stabilized.  

Bitcoin kind of reminds me of the push for solar energy to replace engines using fossil fuels.  Big marketing push by those who benefit from it's adoption even though it doesn't have the value advertised.

Two 1.5 hour videos on the subject on streaming TV interviewing early adopters and investors who have made and lost money.  


I am not sure of where you you got your numbers and facts from but they are way off and have absolutely nothing to do with reality. You make it sound like there are only a few owners of Bitcoin and that somehow, Bitcoin has become decentralized. This is complete BS and this entire thread is another bear FUD thread which has the sole purpose of scaring newbies and shaky hands into selling.



2163  Bitcoin / Bitcoin Discussion / Re: SEC Vs. CFTC fight over crypto market regulation, What are your thoughts? on: October 07, 2022, 02:52:19 PM
What are my thoughts on the matter? My thought is that Bitcoin cannot be regulated and therefore its a meaningless fight over who will attempt and fail to regulate cryptocurrencies next.

As long as we are free to hand each other money anonymously, without the government keeping a digital eye on each transaction, there will be no real way to regulate the crypto market. Especially not Bitcoin. So their only choice is to attack the centralized end points like service providers. And there still exist service providers who wish to do their business anonymously. We can see drug dark markets using I2P or TOR as a slightly distasteful example of this. But the proof of concept is there.

So who cares what the regulators think? Bitcoin is unkillable and uncontrollable. Kiss
2164  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 07, 2022, 02:26:29 PM
I am so excited for the next bull run and I am checking price every hour waiting for the day when I become a bitcoin millionaire.
I called $22k, we went $17k. I am now calling $180k for next peak, I hope Bitcoin CEO provides me with much more than that.
Also If I die before that day, let my family know I was part of this awesome journey. Smiley


Thats a bit dark. I'll tell them you posted schizophrenic drawings on a magic money internet forum Grin
2165  Economy / Economics / Re: China tells state banks to prepare for a massive dollar dump on: October 07, 2022, 01:55:00 PM
In the long run, this is a good thing. Especially for Bitcoin. China becomes less reliant on the US, the US becomes less reliant on China. We all stop trying to politically control each other and China can keep on quietly torturing, enslaving, killing and organ-harvesting the "unwanted" peoples of their population.

What a fun time to be alive. Russia is probably going to never touch the dollar again and Bitcoin will finally show itself for what it is.

Namely a third option. One which remains stable as the one global money.
2166  Bitcoin / Bitcoin Discussion / Re: PSA: Get your Bitcoin off any exchange supporting "BSV" (due to insolvency risk) on: October 07, 2022, 01:15:57 PM
I agree that we should always keep our coins off exchanges as much as humanly possible but I think you might be panicking a bit too soon about that Faketoshi will get what he wants or even close to it. Justice will prevail and he will keep on being fake-toshi with nothing to show. Nobody will fall for his scam because he has nothing to provide as evidence, nothing to show that he is who he says he is. All he has is a long history of sad and pathetic ego-circle-jerk litigations which always end up him trying and failing to screw someone over to get what he wants. He's a schizo sociopath, there is no other word.
2167  Alternate cryptocurrencies / Altcoin Discussion / Re: Shit coins era is going to end on: October 07, 2022, 12:57:43 PM
I do not think that shitcoin era will end. It will never be as awesome and grand as the original era of Bitcoin but it will always exist. Why? Because the benefits of blockchain can be individually programmed into a something that a certain business needs. Some businesses do not care about POW but would rather have POS. Others would rather treat their coin as a SNFT. And some want to create an entire ecosystem bubble for themselves and for their project case uses.


So saying there is no need, is not right. But it remains to be said, unless you are the one bringing something new to blockchain, investing in Bitcoin would probably be a better road to take, financially.
2168  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2022, 06:59:55 PM


So true. A mystery of nature to be sure.

BREAKING:
 🇪🇺 EU announces new sanctions on Russia, banning ALL Russian Bitcoin wallets and accounts from interacting with EU service providers.

  https://twitter.com/BitcoinMagazine/status/1577993159111589893

Once again, good fucking luck.

Would it not be easier to do the following:

Step 1: Introduce a ban on the russian SERVICES/GOODS (that you can purchase with Bitcoin) and IP ban Russians (who don't know how to use VPNs) from accessing EU services/goods.

Step 2: Tell voters: "we successfully regulated Bitcoin".

Step 3: Pose with a terrified child for the photo shoot during voting period.
2169  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2022, 01:37:14 PM
Russian lines continue to collapse in eastern and southern Ukraine. Smiley
...

Crimea will always be Russian and will never be American. Period.



They just get exchanged and sent back to the frontlines.
2170  Economy / Services / Re: POKER COURSES FOR SALE on: October 06, 2022, 12:11:45 PM
I really do not understand why people are entertaining this thread? Are the signature bounties really that important that you guys need to fill up every discussion thread with so many useless posts? The newbie has yet to prove himself. Is there anyone with a veteran account who can vouch for him?

Theres a bitcointalk newbie selling "courses" and he would rather do his business in private chats or by contacting him on a protonmail email... Are any of these not red flags?

Call me skeptical but is OP trying to erase any leads pointing to him?

His last posts were two months ago. Time to let the thread die.
2171  Economy / Gambling discussion / Re: Lack of bug bounties from gambling platforms on: October 06, 2022, 08:56:11 AM
Why aren't gambling websites using bug bounties to test-run their platform security? I haven't seen any gambling platform doing this, maybe that's why most gambling websites became prone to hacking? If I am wrong what gambling project do you think have the most secured system?, peace.

As someone already mentioned in an above post, most casino owners do not bother writing their own code from scratch. Why? For the same reason why they do not like it when people start winning big money. Greed, basically. The owners would rather buy some white label code and add some fancy user experience design of their own without changing what runs the games underneath. And from a perspective of cost, its really the smart thing to do. Unless you want to create something which is unique. But why would anyone want a unique casino? Clone copies make the same money.

And those clone copies have gotten so advanced and audited all this time that bug bounties do not make much sense. Its just too hard to find a bug in something like that.
2172  Economy / Gambling / Re: Duelbits limit my betting limits (Becausue I consistenly winning) on: October 06, 2022, 08:08:59 AM


Good on you for being such a good gambler! You must be really good at predicting outcomes if they panicked and put a limit on your betting. Although it seems unfair, and most righteously so, it is a normal phenomenon in the gambling world. In real life, what happens when you sit at for example, a blackjack table and win too often? The casino gets suspicious and kicks you out. Especially if you are winning too much money.

Don't let it get you down, its just the way these things are.

Op did not provide us with enough data for his claim and if they impose it's because it's their house and their rules if you're winning a huge amount they have to protect the house without harming your account, as we've seen in the scam section, players are getting ban or kick out because they won a big amount of money, which is Duelbits will likely do so they opted to limit your bet, and besides all the other casinos are also doing that, its not something new, but questionable.

Hmm, well that is true. OP did not provide us with any proof or much details of whats really going on. Most of the complainers here are rule breakers who disregard the terms of service of the online gambling casino they play at and then complain when they get punished. Thats true.

However we also know that casinos do not care about rule breakers as long as the casino makes a profit. Once the casino starts losing money, rule breaker or not, they will find a way to stop the person from taking their money, no matter how unjustified their methods are. So I would not judge too hastily.
2173  Economy / Economics / Re: Reasons you will remain broke as an adult on: October 05, 2022, 07:14:11 PM
I think you might have made your list a bit too long. There are too many variables when it comes to humans. Not everyone values the same things the same ways. Some people do not value money as much as others. Some people value money too much. As far as making money goes, the main issues can be narrowed down to two things. 1. Not having/obtaining a skill and 2. Not spending your money wisely. Plain and simple. Every other problem can be derived or traced back to these two problems.

Also, you need to realise that everyone has a different "broke borderline". Some people see a few thousand dollars a month as broke. Some people are happy with a few hundred dollars a month. Depends on where they live and what their values are, really.
2174  Economy / Gambling / Re: Duelbits limit my betting limits (Becausue I consistenly winning) on: October 05, 2022, 06:56:04 PM
I have been winning a lot in sportbook lately and they limit my bets for 70$ max on sport booking.  Only because I figured out how to win the system.
This is ridiculous. Bellow 300$ for bet I don't open my pc.

The team see that I can predict these things and beat them and change the maximum amount I can bet.



https://prnt.sc/jCMQwDn5lMQi



This is funny because I can still bet thousands of dollars on blackjack bets. Only sportsbook my account has been review by their team  because I win a lot. Is not profitable  for the casino to have me there.

Good on you for being such a good gambler! You must be really good at predicting outcomes if they panicked and put a limit on your betting. Although it seems unfair, and most righteously so, it is a normal phenomenon in the gambling world. In real life, what happens when you sit at for example, a blackjack table and win too often? The casino gets suspicious and kicks you out. Especially if you are winning too much money.

Don't let it get you down, its just the way these things are.
2175  Bitcoin / Bitcoin Discussion / Re: The irony of leaving your private keys in a bank on: October 05, 2022, 06:40:35 PM
So let me get this right: You first buy decentralized money which you bought because you do not wish it to be in the hands of a single entity that controls what happens to your funds. So you then decide to take that decentralization and centralize it all over again by giving the bank your wallet(s)? That seems to defeat the purpose of Bitcoin, which is to BE YOUR OWN BANK. If you cannot handle the responsibility of handling your own money then I guess you can give it to a relative or a friend and hope he does not steal it, lose it or gamble it away. Same thing will happen if you give it to a bank. Roll Eyes
2176  Economy / Gambling discussion / Re: Is It An Easy Transition From Gamer To Gambler In Casino. on: October 05, 2022, 06:24:46 PM
I always consider gaming as gambling I have seen many gamblers spend a lot of money for their character and to level up their account for future profit, like selling their stuff and their character.

If you're a gamer or someone is a gamer and would like to try to gamble in online casinos will it become an easy transition as all the elements of gambling are present when you're a gamer, or does a gamer have to start all over again, and have a different motivation and mindset?


If you're a gamer and you enjoy playing the game over and over again starting from scratch then selling your old accounts then thats fine because that is something you enjoy. There are also gamers who would freak out and have a mental breakdown over having to start from scratch because they enjoy their progress and do not wish to lose it. It really depends on the person in question. Same thing goes for gambling. If you are a gamer transitioning to gambling, you might find a lot of things similiar and enjoyable. But it could also be troublesome learning new concepts.
2177  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2022, 12:44:48 PM
Every halving mining reward decreases by half, that is why we have 4 year cycles of bitcoin bear and bull. But some people can't hold the full cycle. For example I sold bitcoins in 2015. That was one of my worst mistakes in the whole life.

So you sold Bitcoin when it was worth between $200 and $300, but the question is when you bought it, so did you make a profit or did you sell at a loss? However, you had a lot of time to buy Bitcoin again, because during 2016 it cost only about $400, and at the beginning of 2017 it was about $1000, and during 2018 it dropped again close to $3000.

One full cycle is not a problem, 2 or 3 are a real challenge Wink

i beg to differ. the 1st cycle is the most fun one to panic through. the rest are easy after that.

the following cycles have their hardship as well though, because the $ value of your coins is 10x - 100x more than in the previous cycles.  
and it sure hurts more to go down millions compared to thousands in a bear.  I know 1BTC=1BTC, but still
2178  Economy / Gambling discussion / Re: Is this statiscally possible in a lottery? on: October 04, 2022, 05:29:14 PM
A delusional explanation, if in the last paragraph they didn’t mention that people like to bet on beautiful numbers, then this whole explanation could be safely thrown into the trash. The penultimate paragraph is completely superfluous - I got the impression that this explanation was written only to demonstrate their own mathematical skills.
I wonder, those who still doubt the honesty of this lottery, how do they explain the phenomenal number of winners? As "a simple and imperceptible way for anyone" to steal the winnings among "your people"? Seriously?

Well there was a 1 in 29 million chance that those exact numbers fell out by pure coincidence. But that probability would go up if you consider all the relevant lotteries in the world. So somewhere, at some point in time, a lottery would definitely spit out those exact numbers.

All those winners were superstitious gamblers who just bet on the multiples of 9 every time then sounds like a good explanation.

But what about other "beautiful numbers"? Why have we not seen this happen before? That might be a better question to ask ourselves before we start high-roading a guy with a PhD.


Its obviously possible but its so unlikely that it feels rigged. I don't what exactly they were aiming at. But its known that some machines may be rigged with hot and cold balls (I am not very sure tho)
But I read in another thread that there were like more than 4 hundred winners. That's too much. Never experienced something like this before. But I think that may be proof its not rigged. 400 winners can't be exploit/rig/fixing.

It's as likely as any other combination.

It just feels wrong because of how humans perceive statistics.

For example, if you throw a dice one time and it's a 6, that doesn't change the fact that the next roll has 1/6 chances of being another 6. If there's a second 6 in a row that also doesn't change the fact the next roll still has 1/6 chances of being a 6, but at that moment lots of people would think that it's way less probable to have another 6 than the actual probability, which is 1/6.

I agree with you. Each new roll does not depend on the previous one, so I do not exclude the fact that the combination could well be accidental.

Even if the lottery is run by the government, it makes no sense for them to manipulate the results, because that would lead to a reduction in lottery sales, if not a scandal. Lottery owners make a lot of money even without faking the results. Therefore, I personally think that they are not interested in cheating.

The probability of getting two same rolls in a row is a perspective of a starting point. If you have not rolled the dice yet, then the probability of you getting both rolls with the same number is (1/6)*(1/6) = 1/36 (about 2.77%). The "endpoint" probability is what is important here. I think that might be the thing you guys are confused by. In other words, you could flip a coin and try to get heads 100 times in a row. It would not be as easy as getting heads twice in a row, would it?
2179  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2022, 01:21:38 PM
I am getting a mild tingling in my jibbity bits.

Google will give you a horrifying diagnosis, in case you wanted to feel bad today.

After El Salvador became a legal tender for bitcoin, and now the Mexican Senator Bitcoin will become a legal tender.  Shocked

https://twitter.com/BitcoinMagazine/status/1576938403622400000

Called it.


This hottie, charged by SEC, for promoting a shitcoin.



The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans to cooperate with the SEC’s ongoing investigation.

https://news.bitcoin.com/sec-charges-socialite-kim-kardashian-for-unlawfully-touting-ethereummax/

I guess saying "This is not financial advice" does not protect you from the punishments of giving bad financial advice.

JUST IN: 🇷🇺 Russia to allow international trade in #Bitcoin    and crypto "for any industry without restrictions" - Head of Financial Policy at Ministry of Finance

Source: Bitcoin Magazine

All of a sudden Putin needs to invest in Bitcoin... Hmm. Sold some nukes and packing for a long vacation in El Salvador?

How do you feel when you see the green light up again. Huh


Cut out the shitcoins

We not into that
Shitcoin is a shitty coin...

But more Bitcoin is more pleasing to the eye Cheesy Cool Cool



Fixed.
2180  Economy / Gambling discussion / Re: 433 Winners to split $4,015,156.265 6/55 Grand Lotto Jackpot on: October 04, 2022, 09:23:04 AM
Someone already made a thread about exactly this news. Obviously its a manipulated lottery. There is no way there could have been that many winners. The chance of winning is about 1 in 29 million. And then we have 433 winners? Cmon.

They should look at the 433 winner network and analyse what and who they are connected to. I think they could find the culprit(s) responsible for the obvious scam.

But who knows, maybe all those people won because of some miraculous event that happens once in the entire lifetime of the human species? Nah. I still remain suspicious. I think there is definitely something fishy going on here.
I am not invalidating your suspicion and as I said before I think an investigation should still be done since a lot of people are suspicious about the result, but come on, how was it impossible to have that many winners? even if you say that the chance of winning is 1 in 29 million it still doesn't change the fact that those people chose the same number, which means all of them had the chance of winning with the same odds of 1 in 29 million which means having that many winners are not impossible.

1 in 29 million is the odds that one winner will get the number. You have to raise that again to 433 since there are 433 winners. That is 1 out of 1 followed by 1224 zeroes that 433 people will win a 6/55 lottery.

I agree with goldkingcoiner that they should investigate the network of the winners and find out if there are really manipulation happening in PCSO.

I believe there are honest winners out there but that would only be just a handful.


Thank you for adding that. Yes, I meant the 1 in 29 million chance of winning is the probability for one single person. The probability of 433 people winning at the same time is astronomically low and should not even be considered as realistic. But that being said, a single person winning the lottery on the same day as some other 10 people who also won the lottery is so extremely low its out of the realm of possible. 433 is a criminally suspicious number. So suspicious that its basically mathematical evidence that the lottery was indeed rigged.
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