With the crypto winter and BTC prices looking bearish, Tesla CEO and Space X founder, Elon Musk has shipped off 75% of his shares in Bitcoin. This news comes as a surprise after his proclamation in March where he was adamant on selling his coins. Tesla had about 42,000 bitcoins at the start of Q2 but had to sell off the majority of its coins at $29,000 From the 2nd quarter report gathered by the company, it was revealed that the coins were sold for $963m and still has a reserve " digital asset" left of about $218m should he see the need to sell off. In February last year, Tesla purchased a whooping $1.5m worth of crypto and this move helped to push the value of BTC and enthusiasts labeled him the de facto "crypto leader" but that status quickly changed the moment he renounced the acceptance of BTC as payment for his goods. Its believed that the steep decline in BTC price was what fuelled the rush to sell off. What do we make of this move? Is there a plan to bounce back when the market becomes favorable, or is the beginning of the end for Elon and crypto? https://techcrunch.com/2022/07/20/tesla-dumped-75-of-its-bitcoin-holdings/It should be a surprise to nobody, just last year he claimed that Tesla was going to hold on to Bitcoin but it appears to have lost all nerve with the recent price declines and just wanted to cash out. No doubt Elon has got bored of playing with cryptocurrency, especially since his legal tussle with Twitter going on which is the very platform that he spams all his junk. Ironically the price of Bitcoin seems to have bottomed out and is slowly grinding it's way back up, so clearly other people are moving in to pick up what Tesla has chosen to offload. People are starting to see through the shroud of bullshit that Elon is constantly peddling for his own benefit and starting to ignore him a bit more. |
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In particular it is insane, at least to do it that way, in my case when I doing MTT, more than 15 years ago I played at the maximum of 24 tables (poker), the rakeback in those years was fpp and really worth it, in any case it requires a lot of concentration, have time and a lot of youth.  I remember that with 2 monitors it was enough, what this guy does is insane. Now, the incredible thing about the story is that the guy does such a thing in Casino. (lol) The wager is undoubtedly something that would work well in bot mode, for this type of initiative, but = I think it's something sick, I don't know! perhaps, I couldn't criticize it because the MTT worked for me. On the other hand, it seems that the type does everything correctly, since something like this is typical of managing several accounts in the same casino. WyT?
Source image, capture Youtube, poker news.https://www.pokernews.com/tours/wsop/2022-wsop/event-88-1000-super-turbo-nlhe/videos/multi-tabling-insanity-12890.htm
Like you say - that must have required immense concentration with a solid strategy of play behind it - presumably playing super tight with the hopes of picking off easy wins from bad players. You'll find that the people who go to such lengths are usually pretty creative and have found a strategy that works but requires scaling up rather than bigger betting. Like you, I struggle to look after 2 or 3 tables without fumbling at important moments, like multiple great hands coming out requiring attention at the same time, so to play this they must have lightning reflexes with lots of practice in playing poker efficiently. If you're able to calculate pot odds quickly then that can do a lot of the work for you, when you're sensible with betting and can read opponent behavior. |
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Depends on 'which' bitcoin they sold. They have / had been accumulating for a very long time so depending on how they want to show it for tax reasons they could have sold at a loss or a profit.
At a guess, they want to build up a bit of a war chest of fiat for some reason. You don't sell assets just to improve your balance sheet for no reason.
That or they are feeling the pressure from elsewhere to sell it.
-Dave
Elon could very well be directing this sort of liquidation with his upcoming Twitter troubles, like you say there could possibly be some tax advantages to be gained (in terms of stating a loss). Elon is a big manipulator and he was the one who came up with this crazy idea to jump Tesla on to the crypto bandwagon, so it would make sense if he was the one directing them to unwind it. He might need some of that cash flow to start fighting a rather expensive court case, considering he needs to find $44 billion which he committed to buying Twitter. Either that or they do not consider it to be viable assets any longer, it's a perfectly valid strategy to cut your losses and attempt to recoup at least some money if you think it'll fall even further. |
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I read an interesting debate about this topic during the time when I experienced heavy loss in online gambling. I’m trying to seek some reason online to justify my loss and give me acceptance for my loss that time. It didn’t help me but make me confused.  Anyway I will share the points of both side because it is the real life scenario. It seems that the emotion of regret is the one that most people struggle to get over and it can lead them back into making further wrong decisions. Even the most financially sensible people can get sucked into the world of gambling if they allow themselves to participate too much. In some situations you can be playing for what basically amounts to a coin flip, like choosing a color on a roulette wheel, other times you might be sticking with something that looks like a low risk but low reward sports bet or maybe playing the lottery once a month where you're more likely to get struck by lightning that win a jackpot. You have to keep it all in perspective and be able to rein your emotions back in, while letting go of any losses instead of trying to chase them. |
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Have you ever or come across friends/ family members feel regretting of not buying land property in an undeveloped area that later turned a city after some years, houses/land property becomes very expensive. Time without numbers of have always heard many people how they gave histories about some areas when it was coming up land was sold for a very little amount of money, then they had opportunity to get land for a penny but not interested of it because it was bushy and not developed.
After some years the place gets developed by people who endured and quickly moved in no matter how it was bushy and undevelope. Most of the people I meet making complain like this never had opportunity again to afford a piece of small land again because of much responsibility of life.
It seems very painful because of the amount of money spent for renting a house annually. Do you think buying your first landed property in a bushy area is a good investment for the future.
It's a bit of a confused question that you're asking. If somebody is really interested in purchasing land then they will figure out a way to do it and save up enough money to buy it - prices vary by country and by region. If you're in the land buying game you will generally need deep pockets to compete, but there are always opportunities out there if you keep looking. You might be better off hunting via smaller auction houses who might pick up a small plot or two from some family estate that is being dissolved after a death. It depends on what you want to do with the land as well - some people simply want to own natural land, never to be touched or developed. Others have ideas of building their own homes which heavily increases the price. |
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Gambling is part of Chinese culture. It is seen as the right way to test luck, especially on holidays like Chinese New Year, as well as to get rid of bad luck. link-I was quite surprised when I read this article for the first time because they gamble not for money or pleasure but because of the culture to test luck. this does sound funny but what do you do if it turns out that your culture requires you to play gambling?
"Even when you lose a gamble, your body still produces adrenaline and endorphins," he says. “People buy entertainment.” Not much is known about the design of these machines on player behavior, but, for example, many machines and casinos use red or something similar – which is considered more stimulating. And interestingly, there are examples of cases where gamblers develop “shadow-skills” as a justification for earning those possible rewards. Griffiths gave the example of a game engine in the UK which was designed with the adaptive logic in mind that the device would deliver more than the consumer was given over a period of time, and after that the device would return to the normal system. This means that some players will try to find (or “skim”) machines that have not hit the jackpot, hoping they will be there when the machine hits the jackpot. All of these research findings conclude that gambling is not always about winning, but rather the process of betting – and the other factors surrounding it that make it fun.
Although gambling addiction cannot be explained simply – sometimes there are many reasons that lead to addiction in a person – but it is certainly interesting to see how the fun is related to the structure and style of the game played.
And even when gambling isn't a problematic obsession, it's still entertaining for those who go home with empty pockets.I am interested in making this topic because the debate between gambling for money or entertainment is still very long, now I add that some people gamble to practice skills and also because it has become their culture (like the Chinese people) [/quote] There is definitely some complex psychology that casinos are always trying to master. As you describe, they will use systematic tricks that could reward the player in the short term and entice them with the idea that they win a lot of money with say an opening $50 in a machine. They might get that up to $100 in a short space of time with a few small wins, by this point the player might have started to form an attachment to the game and it's about keeping them seated as long as possible by tantalizing them with the idea of winning. Players can be fooled by "almost winning" as well, like seeing 8 out of 9 jackpot symbols on the screen - but they never came close to winning as it was a setup. |
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Over the week, a friend and I had a conversation about loans and loan apps and she shared a bitter experience of how she was unable to write a very important exam because the money meant for payment of fees to qualify for that exam was deducted by a certain loan app that she collected money from a while ago. Who will you really blame? My friend for not paying up as at when due or the loan app for not notifying her before the deduction.
In all, I advice that we should try to avoid any business with loan apps as they seem to be very numerous these days and are easily accessible. Most importantly, You should know that you are at the danger of developing a habit of borrowing from them if you patronise loan apps even for the smallest amount.
Your friend only have themselves to blame in this scenario. Unfortunately lots of people, usually when people are quite young, don't seem to understand that it is not "free money" but has to be paid back and sometimes it takes a long time at great additional expense. I suspect at the very beginning, when the loan was first taken out, the repayment dates were laid out pretty clearly in the contract and these contracts sometimes aren't understood by the recipients as they should be. You don't need to avoid loan apps, you just need to be very clear on when the repayments will take place and ideally want to make sure you only take loans at below 5% or you'll be paying an obscene amount back. Paying them back as quick as possible is also a good idea, they can even be good for your credit score if you pay on time every time. |
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I mean.. the thread title could do with a bit of a tidy up to make sense in English but we get the general idea. Nobody with any brains is betting much on these low level and obscure leagues which have seen match fixing many times over the years - you do so at your own peril. It doesn't have any affect on real sports betting, it's like saying zero percent alcohol has an affect on alcohol, the two exist in the same world but have no bearing on each other. If the ref, the team, the league and Nigerian football organization were doing their job correctly then that goal keeper should potentially be banned for a long time for refusing to play properly. It's only by serving examples and punishing players that you'll stamp out cheating behavior. It's the really subtle cheaters that are the most dangerous, not the blatant ones. |
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all as a reaction of the luna drama, where that month binance stopped withdrawals for a bit, and pushed people to move value to coinbase via sidechains to then let coinbase take responsibility of the withdrawal of real coin.
then yea. offer free/cheaper trading to get more deposits of real coin back to binance.
That's a wise observation and not one that necessarily got more coverage. Blocking any withdrawals in Bitcoin but taking advantage of the Binance trading platform and the ability to convert into other cryptocurrencies, which they could move to other exchanges, causing those other exchanges to leak the amount of Bitcoin under their control was a very sneaky strategy. It fits in with every interaction that I've had with Binance where they try to squeeze money out of you, put restrictions in place at the last possible moment before withdrawal and generally be rather underhanded with how their fees work. I don't think Coinbase is necessarily great but at least they're much more consistent. |
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All around the different regions/parts of the world, they have the same issue that's causing mass protests. It's HIGH INFLATION, HIGH FUEL PRICES, HIGH FOOD PRICES, HIGH COSTS OF LIVING, AND LOW MINIMUM WAGE.
That's what happens if a non-elected cabal is made to have control over the money supply. Look at this list. Start researching about your country's central bank policies, read the news, and know if your country is about to have, or is currently having high inflation. Because your country could be next for a mass protest.
If you think cryptocurrency is a magic bullet to any of those issues you are sadly mistaken. We had 10 years of relative stability before Covid struck and we really took it for granted, after the global pandemic shut down massive supply chains (and continues to do so) it caused all sorts of problems that lead to this inflation. On top of that Putin declared war on Ukraine for no reason and brought war back to Europe for the first time in over 70 years. All these major disruptions have trickled down and affected the poorest countries the hardest, while even very developed countries are struggling to make sense of it. However we have yet to see a true recession hit and it seems politicians are intent on pushing it back as long as possible, which might just end up making it larger and more dangerous. |
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Just as there are crypto trading bots, there are also gambling bots. According to Wikipedia, Gambling bots are software which use a gambling website's Application programming interface (API) to speed up the process of placing bets based upon a gambling system or betting strategy to decide which bets to place. In short, they are AI powered bots that do the betting for you. Aside form the risk of having your casino account closed, these bots are not ideal for all types of games. There are several reasons people give for using bots. From making betting easier, being able to use multiple bots at once, to being highly able to accurate predictions about a game’s outcome that could in turn increase the individual's chances of wining. Have you ever tried to use the autobet on some gambling websites or have you successfully used third-party bot scripts for betting on sites where it is allowed? Did the bots win? Gambling bots are equivalent to high yield investment products, there is simply no way for them to work in the long term. A company that is consistently having to pay out winnings to a gambler would go bankrupt - the most simple line of logical reasoning you can apply to somebody claiming to have a working program. Any responsible company heavily monitors their player activity and would quickly shut it down. Only someone who is clueless about technology would believe that exploits could run for a long time and even if you got funds into your account it would be heavily scrutinized at the withdrawal stage. |
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The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue. https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all? Bitcoin is going to be around for a long time and arguably will never disappear now. At best case scenario it takes back off like a rocket, a way to vastly drop the amount of energy it uses is found and the transaction speed is sped up - making it a real contender against other instant payment platforms out there. Worst case scenario, it loses most of its value and becomes a hollow community, however it will always have a residual price due to the mass following it once caused and the sheer novelty factor is appealing to many. For it to collapse this bad a lot of government bans would have take place or a major security weakness being exploited. |
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Most countries are giving excuses and reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts
There are a lot of different reasons that politicians and law makers give for banning cryptocurrencies, but you'll almost always find it happening within authoritarian style systems of government. That is because, as you described, it is outside their area of control and they aim to have complete visibility of their citizens. If your people have an ability to use a parallel financial system then the government in those countries lose the ability to apply pressure in the form of monetary penalties and even freezing the finances of their opponents. That is why countries like Russia and China are relatively against the adoption of crypto, because is stops them from being able to bully people to conform to what they want. |
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https://www.youtube.com/watch?v=ZFCglrxg_9kHey anyone know anything about this guy? Found him on youtube seems to be a good gambling tipster who knows how to beat the casino and sportsbooks. Anyone ever follow him? Thinking of placing a wager on the Warriors based on this advice. Lemme know, thanks This sounds a bit like a subtle advertisement for that channel. What I always wonder is, if someone is really successful over the long term A) why would they share that knowledge for free in the public domain when they could make a lot more by keeping it private and B) If they were a real star at making regular correct plays, sportbooks will eventually pick up on it as they have huge teams who monitor all sorts of information to form the correct odds - he would just be highlighting all the discrepancies that would eventually get manually corrected. It's really tough for anyone to stay consistent, so he might get 5 correct guesses on bets which serves to convince you he's good - but if that's then followed by a streak of 10 losses it can take a little while to figure out he's bad at it. You're better off coming up with your own betting ideas and formulating a strategy that way. |
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With the current market situation, where the bear pushes the dip further, chances are most centralized exchanges are being forced to go insolvent or even shut down due to inability to meet up with government taxes. And should this happen, your coins are at risk. Either you lose it all or get compensated in cases of lenient exchanges.
Some Exchanges may not be trusted as most times they are vulnerable to hacker attackers. Take the case of Bithumb, a South Korean crypto currency exchange that lost a million dollars worth of customers crypto in 2017.
Your privacy matters a lot always use a non- custodial wallet and save yourself the stress.
In reality if the exchange is being run properly and reasonably then it should ringfence customer bitcoin, which would never be intermingled with company finances. However as we see, there are a lot of companies out there offering things like ridiculous "interest rates" in return for allowing customer bitcoin deposits to be sold short - stay far away from these companies are they are vulnerable to all sorts of manipulation, alas people get overly greedy. |
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How low would Bitcoin have to fall before it was no longer recoverable?
Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.
what you say?
I think if it dropped to such a price it's possible that an inherent flaw might have been uncovered that caused it's price to drop that far. It will stay above that sort of value for decades or possibly centuries, if not for the fact that a multi billionaire would easily step in and buy it up at even higher prices, just to have bragging rights as it would not effect their longer term wealth to drop such amounts on it. |
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Feng shui is an ancient Chinese art of arranging buildings, objects, and space in an environment to achieve harmony and balance But do you know that Fengshui is practiced and observed in gambling and in popular casino cities? even MGM and many hotels in casinos are following Fengshui, these are just some of the examples the MGM Grand had to change its entrance, one that formerly forced customers to walk through the mouth of a lion (actually, under its chin, but close enough), deemed to be a very bad mojo by players from Asia. The number Four is unlucky because it sounds like the Chinese word for “death.” This is why many hotels in Las Vegas skip floor numbers that start with the number four. The Rio Las Vegas, for example, is advertised as having 51 floors, but if you deduct the missing 40-49, it actually has just 41. The Encore is also missing floors 40-49. Fascinating Chinese Gambling SuperstitionsSo you see even if everything depends on luck and circumstances there are many people even non-Chinese are following Fengshui practices. How about you? Do you have Fengshui practice that you're observing when you are about to play or while playing It is interesting to see and understand all the subtle manipulative psychological tricks that casinos put into place. I guess these things can fluctuate, at present it appears lots of Asian guests are driving the decor of these hotels, so they must be the biggest spenders right now. The hotel floor numbers is totally weird to be honest, it's based on characters from another language resembling a Latin number, which has a bad meaning in the original language. It's almost a step too far and unnecessarily confusing for most other people who would expect it just to be ordered numerically - I guess that particular casino is mostly geared to the Chinese market and has few other guests. |
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We know what time we are going through right now, but we believe everything will be over very soon. And we are hearing lots of FUD and what we are doing is only sharing the news and creating this FUD viral, but those who need opportunity, they just make something else happen. But it's true that this 900B down makes the times very tough for us. But those who believed in crypto saw an opportunity at this time. who we call the strong hand. And they are grabbing much more this time. In the meantime, two of the most powerful crypto influencers added more bitcoin to their treasury. And that is called strong hands grabbing bitcoin.
El Salvador is not a "strong hand" and is a very bad example, they bought in the vast majority of their Bitcoin at much higher rates so are net losers at the current pricing levels. Big hedgefunds seem to be trimming their exposure to cryptocurrencies at the moment because there are juicier and easier targets, they also want to be cash-liquid in preparation for a potential upcoming recession. The volatility of Bitcoin works both ways, on the way up it kept momentum going for probably longer than it should have, but on the way down it is going to take a big effort to reverse course. There will always be whales out there with deep pockets who make so much money from stock investments that they can channel some of it into Bitcoin without even noticing. |
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Amongst the crowd of Bitcoin nay-sayers, Berkshire Hathaway's vice chairman, Charlie Munger has come out and vocalised his strong dislike of the digital currency. In an interview with The Australian Financial review, the executive belted out insults on the coin and also believes crypto engagement is a mass folly. Previously likening BTC to a rat poison, he further advised that investors run from it like they will do from an "open sewer full of malicious organisms" as he feels the best investment to make are from stocks generating real cash. I see this as a mere sentiment and he may have a change of heart. It's sad that there are still individuals who are content to been victimized by govt policies on finance than embracing digital freedom in the form of Bitcoin. Although, inspire of his negative impressions of BTC, it has proven to be a hedge against inflation and an alternative payment source that operates without government interference. https://news.bitcoin.com/charlie-munger-everybody-should-avoid-crypto-as-if-it-were-an-open-sewer-full-of-malicious-organisms/They've said it time and again in different forms - they are clearly against the idea of cryptocurrency but they've missed many great ideas in their time. They might well be right, Bitcoin might not turn out to be the best cryptocurrency - it is a very successful proof of concept in connection with the transparent blockchain ledger, but that does not mean it will stay number one forever. Telephones started out as switchboards, then morphed into ring dial land lines, then morphed into brick-type mobile phones, then you had tiny but rugged Nokia type dumb phones and now we have super advanced smart phones. Technology can develop and morph over time, do not assume that Bitcoin is the best just because it arrived first. It's worth remembering that Charlie and Warren are heavily invested in a credit card companies like American Express and Visa, so they have ulterior motives in undermining rival payment systems. |
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It could be on basketball, boxing or horse racing, or any kind of sport, after being in a particular sport for many years can you see or tell if a fight or event is fixed, there are upsets but in the back of our mind, there's a possibility that the match or game is fixed.
Most match fixing is only caught because it involves obscure bets that only a bookmaker would see and later investigate. It'll involve things like a football player forcing a red card in the second half of a game. The first bet might not get looked into deeply but a string of suspicious bets, usually focused around particular players would definitely set off alarm bells so it's not something that can last for long. If a bookmaker is ripped off, they'll definitely alert game officials and likely try to recover money by suing. All these things are normally kept behind closed doors to reduce humiliation and stop copycat activities. |
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