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2181  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: December 30, 2020, 07:16:23 PM
It is scary to think that football could be cancelled again, it has been over a month that lower leagues are already cancelled, at least this time around it was from early on and not late stage, last year they cancelled the lower level leagues after they played half of the games, I am not saying go ahead and keep them on, but at least let them have a chance to continue later on like higher leagues, I guess it was more about resources situation where it would be harder to keep lower league players' and fans' safe.

In any case if they stop premier league you know how dangerous the situation is, this is tens of billions of dollars worth of world, and when they can't defend themselves and have to be cancelled, you know that it is unlikely a regular person to keep themselves safe. This new version of covid could be the main reason for it as well.
2182  Economy / Economics / Re: The supply issue on: December 30, 2020, 04:37:47 PM
Well, there are types of talks about this but one thing is for sure, bitcoin is bitcoin and nothing else is the same. For example you could have wrapped bitcoins as you might heard of, which means you basically have the same amount of bitcoin once over, but that just doesn't mean that there are two bitcoins, it means one of them is wrapped. Secondly you could have layers upon layers of bitcoin products, it all depends on buyer and sellers, the demand and supply, so yes in a way you could have billions of bitcoin layers, and as long as people want to buy it, the price will be alright.

However no matter how many type of tricks the finance world pulls off, no matter how many people are fine with buying it, there are no possible ways that bitcoin could ever change, one bitcoin is still one bitcoin and all the other layers are just the fake version of it.
2183  Economy / Economics / Re: Some Company are holding more than 10000 Bitcoin on: December 30, 2020, 03:10:18 PM
Let them hold as much as they want... Less bitcoin in circulation means higher prices... Also, i'm not sure if an exchange actually legally "owns" the coins in their hot and cold wallets... I guess legally they belong to their clients, eventough the exchange has complete controll over them them

The Gray-scale one is mother of all. Lolz. Just imagine if their clients starts to dump the bitcoins what would the market turn into. But if it's the client then obviously not all of the bitcoins will be dumped that fast. I mean it adds more security of funds to us rather than single entity like gray-scale or mtgox holding them all alone.

Your logic is correct, if they would have been held by one entity then by now they would have controlled the whole market at such high prices. I guess they will keep buying more and more coins (clients) until they find right spot like 100k per BTC or 200k BTC... You never know!!
I think they are ready for such a problem, they said they would instead sell to others instead of selling it to market. Which means instead of their clients selling bitcoin directly (since it is not a bitcoin exchange) their clients technically will be selling to their other clients, while bitcoin may have profited them nearly 80% profit, if they sell it all, they would get 40% profit for example, because there will be not as many buyers.

However there is thankfully no problem like that right now, there are more and more buyers, which means even if any of their big whale investors decides to get out, they could still find buyers and they would continue without selling their bitcoins. Think of them like a treasure, there is this huge bitcoin treasure they own and you do not actually own the treasure as the client, you just own one part of it, and you can't take it apart neither, so either you sell your share of the treasure or you hold it, but never sell the treasure.
2184  Economy / Economics / Re: Financiers would never invest in bitcoin? on: December 30, 2020, 07:40:47 AM
This is sort of right but also a bit wrong at the same time. What they are trying to explain here is that if a bank buys bitcoin for example, instead of loaning to others, they would put themselves into much more risk and would be a lot worse, it would hurt them because people may withdraw their money at anytime, and if bitcoin is lower at that point the bank would lose money.

Instead they put the money to use, and give it as a loan and get money back each month as payment, and that would guarantee an income for them, think of it like you putting your money into savings account for a good interest rate. However investors are called financiers as well, they do not put a name tag different just because they do different task, which means investors, companies like grayscale or microstrategy would also call themselves the same thing as the banks when it comes to buying bitcoin.
2185  Economy / Gambling discussion / Re: 2021 NBA Season on: December 29, 2020, 06:29:08 PM
PG has always been the type of guy who would defend the situation no matter how much people mock or laugh at him. When he got that famous shot by Dame shot over him, he said that was a bad shot and he would give him that each time, like literally said Dame took a bad shot at the buzzer beater when in reality OKC lost and PG couldn't guard him. When Clippers played a lot worse and lost to Denver last year on playoffs, he talked about there was no problems and it was just luck that made them lose and they will win it this year.

Now they lose with 50+ points and have that much point difference at the half and PG says it is not a big deal. Dude is basically programmed to keep saying he will always say something to defend all the bad things his teams done and would never accept blame and say "this was bad, it is on me, I will try to fix it and make sure it never happens again", like a mature person.
2186  Alternate cryptocurrencies / Altcoin Discussion / Re: When This Scam Will stop?? on: December 29, 2020, 04:25:54 PM
I think when you are spending money on copper membership, you are either already a scammer that managed to get some money, or you are willing to risk it and spend money on a scamming project you have, which is weird and unlikely because most of the time scammers are not super rich people, they become scammers BECAUSE they do not have money. In any case I believe it is not about the copper membership, it is about scammers realizing there is too much money to be made from crypto at this point.

I could literally just create a token with 21 million tokens available, sell and distribute 20 million of them, and keep that 1 million for myself, spend all the money I made on marketing (well even half would be enough) and I could sell my 1 million tokens when the price is high and get out. That would be enough to make few million dollars very easily, you could probably make a lot more if you want to.
2187  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the largest financial service in the world.😂 on: December 29, 2020, 02:59:32 PM
Well, that’s a really nice move there. That’s why I find it funny when a lot of people say that Bitcoin is getting adoption, because everyone in the world is not making use of Bitcoin doesn’t mean it’s not progressing, it’s all with time. Even PayPal that is similar to Bitcoin and has been around since the 90’s is not being used by everyone around the world, so that’s the same thing with Bitcoin.

Even if everyone is going to use it, it doesn’t happen in a day, it will take time to grow into that. This is still the beginning, Bitcoin has stayed ten years, before it completed its second decade it will be bigger than this.
2188  Economy / Speculation / Re: Can you really 'Sell High and Buy Low' in this 2020 BITCOIN Bull Run? on: December 29, 2020, 09:51:21 AM
If you really bought at a low price, then I don’t think that waiting more would be a problem for you. Yes I did sell part of my coins, but I’ve left the rest and I am not really worried if the price should fall, because I sold an amount that is enough for me, and that’s around $19k and $23k.

For now, I am leaving the remaining the coins and even if I should wake up and the price falls to $10k I wouldn’t be worried at all because I bought earlier than that. The price still looks like it will move up, and I am thinking that we will see $30,000 and even more. I am ready to keep on holding, January will determine where we are heading next.
2189  Alternate cryptocurrencies / Altcoin Discussion / Re: Should you take loan(s) to invest in crypto? on: December 29, 2020, 08:34:20 AM
Taking a loan out to invest in pretty much anything that can theoretically vanish is a terrible idea.  You put your financial future on the line.  Work more, spend less and put that into crypto.  If its lost completely at least you won't owe anyone back that money.
Well, it’s not like they are going to lose all their money, rather they are just magnifying the risk they are taking in the already very risky market by taking out loans to buy any cryptocurrency. Why I said they wouldn’t lose the whole money is because it’s not like the price is going to drop to zero, it wouldn’t ,but it can drop badly and they will lose too much of the money.

It’s just like now the price is somewhere around $23,000 and they use loan to invest and it drops, it’s going to be double problem for them to be suffering their loss in the investment and also worrying about how they will get money to pay back what they have borrowed.
2190  Alternate cryptocurrencies / Altcoin Discussion / Re: Where is EOS? on: December 28, 2020, 06:19:36 PM
Well, first of all since it became a lot more decentralized (it wasn't) EOS didn't have a marketing team backing it up constantly. Secondly it had a bad start to the year but recovered pretty well so I wouldn't say it is not doing well.

I get that it started the year at around 4.5 dollar peak, which wasn't a long period, just few days, so I wouldn't call it the price for that moment, just a single day, but around last of April and early may it reached to 10+ dollars, even peak as much as 4.5 dollars, that was the period where EOS was doing awesome, that was the moment everyone assumed EOS would be the high profiter of the year. That is when everything went wrong, ever since that moment, it got to 3 dollar levels at best now, and that is why nobody is talking about it, when a coin crashes like that people stop talking about that and move to next coin that made bigger returns.
2191  Economy / Speculation / Re: Wow, The Best Crypto Christmas 🌲 Ever! on: December 28, 2020, 03:58:30 PM
We have seen so many different situations right now that I don't know what could be possible at this point for what's about to happen. I think it is quite difficult to predict bitcoin at this point, we are not making a ton of profit but we are not losing neither for the past few days, but we have increased so much that asking for more increase seems a bit too much. I can't say bitcoin will be 50k, I can't say it won't be neither, but all I can say is, I would understand it if it can't reach there.

Bitcoin had a marvelous year that is for sure, it had a marvelous week as well, but it has done so much and increased so much that I really don't know what it can do after this. I really hope that we can see more increases, my nation is doing horrible in economy for the past few years and I would love bitcoin to reach to 100k+ levels in order to save my life, that is what I am aiming at.
2192  Economy / Speculation / Re: How will Bitcoin trend at this time? on: December 28, 2020, 10:56:58 AM
We are going nonstop this time around and it scares me to death. The reason why I am scared is that before this huge increase, the 22-24k range made sense, we were actually doing fine because we were covering our behind while going up, we went down and did our corrections many many times over to make sure that people sell and go up after that, so we made sure that the price didn't fall too quickly next time around, to prevent that 20k to 3k period in 2017 to 2018 times.

Now though, ever since we broke over 20k, we have started to go crazy again, we do not have proper falls, we need corrections all the time back to back consistently in order to make sure that bitcoin doesn't really fall HUGE next time it has a bear run. Let's hope that we cover our support lines very strongly and do not fall too much if we start to fall, it may start at 28k, it may start at 100k, but eventually we will definitely fall, I just want that fall to be smooth and small.
2193  Economy / Economics / Re: Some Company are holding more than 10000 Bitcoin on: December 28, 2020, 05:59:10 AM
I am not really against big corporations going into bitcoin, this is not giving them more power over bitcoin, it just gives the more power over "price" of bitcoin and that is not really that important. What people do not understand is that Banks are not evil because they have a lot of money, they have our money and we can withdraw that anytime we want and destroy them if that was the only power they had.

However they are evil and they are ruining many nations (not just banks, rich people all together) because they have power over politicians and because they have power over politicians (with bribes) they can make anything they want happen, that is the worst thing.

Even in this covid era they got more money than regular people did, which should provide proof of why we dislike them and why we use bitcoin. Here they can't change anything, bitcoin is bitcoin and you could have over 100 billion dollars worth of bitcoin and you still have to live with the majority decision.
2194  Other / Off-topic / Re: Covid is fud on: December 27, 2020, 03:21:50 PM
There will be a ton of people like this, there has been a ton of people like this, obviously the bigger it got the less amount of people like this existed but this always existed. Over a million people died from covid, one in 1000 people died in USA as well, and for some reason people are still thinking this is not a big deal.

I have read a story today, someone shared on twitter, a doctor had a lady sick with covid and in tubes barely breathing, looks hopeful of course because she wasn't that old, definitely a very difficult process nevertheless even though she has a potential to survive, and it was Christmas so his husband who was not allowed to see her, called via phone which was allowed, and it was with screen so they could see each other, the husband was in a Christmas family dinner with everyone... like it was obvious he ignored all covid prevention deals and got together with family WHILE HIS WIFE WAS IN HOSPITAL. Idiots are everywhere.
2195  Economy / Economics / Re: Value Today of $1000 Invested 5 Years ago (Bitcoin and Stock) on: December 27, 2020, 01:55:16 PM
It is scary to think how we are getting a lot more house tied because of economical situations, probably some preference as well but I assume economy plays a big role as well. Etsy got bigger, why? Because buying the same thing on some store would cost more, and etsy is unique as well so it is a lot better, same for shopify, buying things at home, for far cheaper as well.

Netflix got bigger, because going to a movie is now a lot more expensive and also a lot more tiring, whereas you just netflix and chill at home. Nvidia, amazon, facebook, google there are just too many companies that shows that we like to stay at home and those companies got bigger. Sure tesla is in there as well but that is probably because they changed the car industry a lot. On the other hand bitcoin increasing a lot is also another reason why we are moving more digital as well.
2196  Economy / Economics / Re: Van Eck The Investment Case for Bitcoin on: December 27, 2020, 10:58:59 AM
It's great that you end up checking out what wall street and the likes are doing and experimenting with their business, I rarely hear about what they are planning to do, and only get to hear what they do after they do it. To see that more and more companies are interested in crypto makes me hopeful about our future, it means that we are going to keep going higher and higher in price of bitcoin because there will be more and more money invested into crypto as well. Obviously this is not going to be today or tomorrow, but it shows the future of bitcoin is bright with all these huge companies getting ready to invest into crypto.

It is especially important during this period because we are already quite high, nearly at $28k levels which means we need a lot more money put into crypto in order to make it go higher, without those big whales we can't do it all by ourselves.
2197  Economy / Trading Discussion / Re: How do you manage Bitcoin price risk? on: December 26, 2020, 06:02:08 PM
People will always want free money, that is in their nature, and I understand in some situations but you have to find the difference between the silly one and reasonable one.

For example, USA government is giving away money to people, that sort of makes sense, I think instead of giving money they should have actually do it reverse and pay everyone's debt, that would have been a lot better, and that way you would have to talk with less people, just the ones that are owed and you would pay more money in logic because people have a lot of debt, but you would at least get a discount compared to individuals who would do it one by one. Pay their rents, pay their bills, pay their mortgages, basically pay all the debt they have, when someone has zero debt, even if you do not give them any money at all, they would probably survive. But if you give them money, they would not be even capable of paying their debt fully and would still be at zero.
2198  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Xrp fud sec and garlinghouse fud biggest fud on: December 26, 2020, 05:07:11 PM
I know that you love to open weird topics, that is kind of all you do in bitcointalk, but to accuse SEC to create FUD and buy cheap XRP in order to get richer is one of the silliest things I have ever heard in my entire life.

SEC is government entity, they do this to biggest companies, they always do this, this is their job, they are not after ripple because they want to buy cheap XRP, they couldn't care any less to what is going to happen to XRP, they only care about what is legal and what is not legal and that is why they attacked on Ripple and not XRP, however when Ripple got investigated and sued, that is obviously going to impact on XRP as well, not the aim here but that is the side effects of it.

Ripple did illegal things, and they had to be punished for it, there is no other way around it, that is the only reason why SEC did all the things they did, nothing more.
2199  Alternate cryptocurrencies / Altcoin Discussion / Re: Sec vs Xripple and in the future vs BTC? Is it correct? on: December 26, 2020, 04:14:32 PM
Now this is the new attack the XRP lovers have that they want us to position against SEC to defend them. First of all I hate SEC as much as the next guy, do not think that I love them, I hate them too, however this doesn't mean that I would be in support of XRP neither, you could always hate both sides of a fight as well, I hope that XRP gets destroyed and becomes something illegal to have and all the creators founders and ceo's gets jailed, however I also will keep on using bitcoin out of grid so that SEC could never reach me neither (since I am not American, they probably don't care neither).

Long story short there is nothing wrong with what SEC is doing to XRP, sec is a bad place but ripple is a bad place too, even a stopped clock shows the correct time twice a day, so sec did something right which is a very unique and rare situation but works out now.
2200  Alternate cryptocurrencies / Altcoin Discussion / Re: XRP Price Dives After SEC Files Charges on: December 26, 2020, 03:37:46 PM
I am laughing out loud on the people who claim that SEC is doing this on purpose and they have something against Ripple and they are basically jealous of it, lol. I mean bitcoin is literally used to pay your taxes in Ohio, you got that right? Literally a whole state that accepts bitcoin, and SEC does absolutely nothing about it, New York has bitlicense and had that for over 5 years now if I am not wrong as well.

California is place for many crypto companies as well. So all in all SEC allowed every single one of those companies to exist, and let you pay your taxes in crypto, everything about that is perfectly fine, BUT when it comes to XRP and Ripple, SEC got jealous of it? Or has a secret hidden motive to let it die? Why would sec do something like that? What's in it for them? Obviously that is a wrong statement and it will always be wrong no matter how many XRP fan boys will say that.
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