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2241  Economy / Gambling discussion / Re: The Venetian Casino for Sale on: March 11, 2021, 01:28:26 PM
That's a pretty big name even I've heard of it. I think Vegas will soon turn to crypto and online, and they should. Leave a physical presence but make that the icon and use the real business online to drive the brand up.

Of course I know this is easier said than done but wow, didn't realize covid affects even gambling. I thought Vegas already opened up?
Maybe their physical casino will not close, but they spread their business by having an online casino with the same brand as their local casino. It can help them to grow the business and reach more members to play on their site. Maybe they can add specific gambling games to their casino to have many gambling games that they can play. While their physical casino is not making a big profit as before, they will have another income source from the online casino.

There's still a lot of older people who want to feel the thrill of playing in a crowded place again. It reminds them of their youth, when in the 60s and 70s Vegas was booming place, filled with lights and sounds of slot machines. Therefore, I don't believe physical casinos will close in the next few years, but they'll keep losing money to their online counterparts and eventually more than 50% of all gambling around the world will be done online.
2242  Economy / Gambling discussion / Re: The Venetian Casino for Sale on: March 10, 2021, 08:07:28 PM
I guess the question is why Las Vegas in general is taking such a big hit. It may be related to better opportunities in China due to the idiosyncrasy of the people, it could be for the on-line trends and the general legalisation of gambling in many jurisdictions, but overall, I think the new generations just do not connect with the old slogans and the "family entertainment" which is also big is being looked for elsewere.

Maybe the recent pandemic shutdowns affected the business? Physical casinos might be losing ground to online gambling and crypto gambling is taking a large share of that as well.
This might be the perfect time to sell. With over $200 million a year, the buyer will need a sound business plan and a lot of money to risk. If I had 200m, I wouldn't consider it at current state of events. 
2243  Other / Beginners & Help / Re: beginner with triggering questions - only real men to answear on: March 10, 2021, 07:46:42 PM
1) BTC - the only future - digital gold. that's it (until quantum computers don't crack it in minutes)
Quantum computers are an unknown that can induce chaos, just like war or a natural disaster are that unknown for every investor. We could call them black swan events for their respective environments.
 
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2) all other coins - totally unusable, only good for pump and dump.

Altcoins increase the value of the market. It's great that people are trying to build something on the idea introduced by Satoshi.
Altcoins that fail are like failed experiments. Do you think that we should stop experimenting?




2244  Bitcoin / Bitcoin Discussion / Re: Where does Elon and Saylor store their bitcoins? on: March 10, 2021, 07:26:23 PM
I don't think we can find their wallet. If everyone knows whale wallet then we can know when they will sell their coin. Just 1 transaction deposit to exchange then the whole market will go down.

You won't find his wallet because it's most likely not a single one. Corporate investors aren't like us little people. They don't hold millions of dollars on their laptops, although there are some pretty neat air gapped laptops. Unless Elon decides to disclose all the info (which he won't because he will not want the whole world to know when he decides to sell) you won't find his addresses.
2245  Bitcoin / Bitcoin Discussion / Re: How much btc do you need to secure your future? on: March 09, 2021, 10:20:56 PM
The answer to the question is simple. You dont need 5 or 105 BTC to secure future. All you need is just 1 bitcoin. Just 1 (one), which will cost hell lot of money. That is it.
Those who name different numbers of btc - try not to stick to current price. If tomorrow bitcoins price reduces to 1,000 USD, what will you do them in future? It wont already secure your future.

Some analysts speculate that even 0.2 will equal big wealth in 10 years because there's no way for bitcoin to be mediocre. It's going to be big or it's going to disappear and be forgotten.
Taking the above into account, it's stupid not to at least try to get that 0.1 BTC because you have 50/50 chance of making a deal of a lifetime when Bitcoin hits 500k USD and what do you have to lose? If you bought last year that would be less than 2k, that can be worth 10k this year and 50k in 2030.
2246  Other / Politics & Society / Re: #SuperStraight on: March 09, 2021, 09:42:54 PM
as i said. im all for freedom to be whomever you are.. but trying to convert others.. big no no.. on both sides


Does this mean that when your (hypothetical) daughter tells you that there's a boy in her school who always follows girls into the ladies room because he thinks he's one of them, you'll say it's all fine because he should be allowed to be who he wants to be?
2247  Bitcoin / Bitcoin Discussion / Re: John McAfee charged with fraud over cryptocurrency on: March 09, 2021, 09:23:17 PM
Great to see him get what he deserves. He lied and cheated, sold his support to shitcoin devs for a few hundred dollars. He knew what he was doing and he has the money to get good lawyers. People aren't going to start "free McAfee" campaigns or anything like that. He's a selloff with no dignity and that's all I can say about him. I liked the guy when I first heard him talk about Bitcoin, but greed made his true nature manifest itself. Better that it happened sooner than later.
2248  Economy / Gambling discussion / Re: People die from heart attack when they hit the jackpot. on: March 09, 2021, 07:32:25 PM
I believe that our life is written when we're born. We can only do our life with the best thing that we can, even if we make a mistake already written in that book.

Many ways that we can do to have a strong heart which can help us to have a healthy life. I agree that eat healthy food and doing a good thing can give us a healthy life too. But when we die because of a heart attack, no one will know for sure, not because of anything. Sometimes we hear about a person who has a healthy life, but he dies suddenly without any cause.

Does that mean that if a person goes into an argument with someone about predestination and to prove that there is none jumps off a cliff, you'll also say that it was that person's destiny to argue about predestination and die on that day? Maybe it's weird to me because I'm not religious, nor superstitious, but I don't know people who would believe in fate. We all have our own free will and that's what matters. I can go gamble now, after reading your post, or I can go watch a movie. It's my choice after all.
2249  Bitcoin / Bitcoin Discussion / Re: Does BITCOIN make a person's life better !? on: March 08, 2021, 07:00:05 PM
Only if you had bought it in 2011 Tongue

Buying it in 2017 and turning 1k into 40k wouldn't improve it? You must be living a pretty good life my friend. Tongue
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Jokes apart, I think it would take 10-15 more years to shift to this new paradigm. Only if there is an excessive printing of dollars will the cryptocurrency have a strong sense of becoming a real currency for barter.

Though, because of high volatility, I don't think it really has a use case in the current scenario.

I mean, it's like that on Monday I can buy an iPhone, On Tuesday may be able to buy a car and on Wednesday, I might not even be able to afford a candy with the same amount of crypto. Such volatile nature kills the usage of crypto in real-life scenarios.

Are we talking about crypto or Bitcoin here? Bitcoin is not that volatile. Worst case scenario one month you'll be buying a new car and next month you'll have to settle for a used one.
Altcoins can be pretty volatile but Bitcoin with its 5-10 % moves?
2250  Economy / Gambling discussion / Re: People die from heart attack when they hit the jackpot. on: March 08, 2021, 06:11:33 PM
You can say that but if our destiny is to die because of winning the jackpot, we can not do anything. People can die in any situation without us knowing how long our life, so I think it is not surprising if that person dies because of getting a heart attack.

You can try to be fit, but you should remember, dead will take our life without knowing we are fit or not. The only one that we can do is trying to healthy.

I guess that means you believe in predestination. I don't. Our life is not written when we're born, there's no higher power pulling the strings, there's no fate.



If you die of a heart attack after winning, it means you had a weak heart that you did not take care of. You should work out, eat healthy and if it's already too late for that, medicate and visit a cardiologist once a year. That person who dies killed by a train is not predestined to die but not careful enough.

2251  Bitcoin / Bitcoin Discussion / Re: Does BITCOIN make a person's life better !? on: March 08, 2021, 05:57:33 PM
It’s certainly made mine & many others lives better. It’s given me a life that I never would have achieved if I didn’t get in so early but enough about me. Bitcoin helps many people, think about the unbanked who can store money on their phones. Bitcoin is the great innovation since the internet.

I agree. It's a matter of perspective. If you buy something and its value increases over time, you will feel better about it, become more confident, happy that you made a good choice. It's a pretty normal thing, don't you think? If you bought a house and that house became famous in the city with people asking you to sell it or rent it to them, wouldn't you be happy? This means that every good purchase is a positive thing that can make your life better.
2252  Bitcoin / Bitcoin Discussion / Re: Your Life After 10 years in Bitcoin... on: March 07, 2021, 10:19:01 PM
I had BTC before the 2017 bull market and held through it all. I had coins worth 1k USD, then 20k USD and again 3k USD after about 2 years of holding and I did not feel too bad about "missing it" like many people at the time. Life goes on, money is only money, although I don't regret joining this community and buying bitcoin. It was one of the best things I did with my money... scratch that! It was the best thing I did with my money.

Here since 2013.

Registered at 2016, so you were only a guest for 3 years on this forum?

He forgot he was on his alt account Grin
2253  Bitcoin / Bitcoin Discussion / Re: How way you choose way to saving Bitcoin ? on: March 07, 2021, 02:46:44 PM
Splitting your coins between wallets depends how much coins you have in the first place. If you have 1 btc, then there really is no problem splitting up the coins between 10 different wallets at 0.1btc each
However, if you have small amounts of bitcoins, say 0.01, then splitting it between ten wallets is not advisable because of the amount of transaction fees you'll incur. In this case, it is better to leave the coins in just one wallet.
You should also know that, with a single wallet, there is a significant amount of profits when bitcoin increase in price as compared to when it's being splitted

I don't see any reason for splitting coins that yo are holding. You should only split if you have coins that you're holding for long term profit and coins that you're moving every day for purpose of trading, gambling, or spending in any other way. You should have your holder wallet and your daily use wallet separated so that you can keep your bigger, more important wallet offline for as long as you can. It doesn't really matter how much you're holding. I have single addresses, each containing more than 1BTC in one and the same wallet and I don't feel like it's a vulnerability as long as the wallet remains on a safe, clean machine.
2254  Economy / Economics / Re: Did tesla's $1.5 billion bitcoin purchase negatively affect their stock price on: March 07, 2021, 02:18:30 PM
I don't understand how the purchase can negatively affect their stock price, when they received a huge profit from the transaction. The value of the coins purchased by Tesla in January 2021 stands at around $2.5 billion now, which represents a profit of $1 billion. And more importantly, this is more than the profit that Telsa earned by selling their electric vehicles for the entire year of 2020.

I know it's stupid but for some investors their pride and stubbornness is more important than common sense. If I saw that a CEO of a company that I'm holding can thing outside the box, I'd be even more confident. I'm a guy who likes to see positive numbers, no matter where they come from. I'm not a guy who would judge a company based on whether they portray themselves environmentally friendly or not, but I can understand why a clean energy freak who spent 100k USD on his electric car and another 100k on solar panels would feel betrayed by Elon who is now investing in Bitcoin. People are strange and irrational most of the time so a bold move like that could scare them.
2255  Economy / Gambling discussion / Re: Does knowing your sport and teams really make you better at betting on them? on: March 07, 2021, 02:01:21 PM
I remember that is what I did before. I have been inviting by my friend to place a bet on the local bookmarked. I said that I don't know what team I need to select, but my friend insists on picking randomly on that team. So I look at the lists, and I select the team that I feel I am familiar with and place on that bet.

I don't take the result seriously as I don't have a passion for betting on that team, but because my friend invites me, I think that will be okay for me. After all, that is a $5 bet on that night, and I lose that money hahah. But my friend takes the winning, and he buys foods and drinks for the other friends who don't join us.

Gambling is all about increasing your odds of winning, unless you gamble out of boredom and don't care about the money. Knowing the spot, he teams and their past performance and other small things like player transfers, increases your odds. Sure there are people who rely on predictions and follow the way of more experienced gamblers and there's nothing bad in that. Some people bet on sports they never watch, which for me is strange, but if they like it it's all good.
2256  Economy / Speculation / Re: $1.9 trillion stimulus passes senate on: March 06, 2021, 09:23:41 PM
The impact won't be seen now. It'll be seen after the crisis is gone.

It depends. The impact of the stimulus package can be seen on bitcoin right when people get a hold of they freshly printed Dollars. There's a theory, backed by surveys, according to which a large part of stimulus giveaway to end on Bitcoin exchanges. We'll see how it goes but if I were a person who has enough money to go by, I wouldn't hold stimulus under the mattress but try to invest it. Some of the poorest will probably spend it, but the middle class is going to go for stocks, gold and BTC.
2257  Economy / Gambling discussion / Re: People die from heart attack when they hit the jackpot. on: March 06, 2021, 08:46:26 PM
That sucks big time.

In short yes, but big wins can also prove to be unlucky for the winner in the long run. There was a research made among US lottery winners and most of them were bankrupt after 5-10 years. Many paid for their wins with divorces or car crashes. Having money isn't always a good thing, especially if you come from a poor family and suddenly have more than you can handle.
2258  Bitcoin / Bitcoin Discussion / Re: Younger Generation and Revolut on: March 06, 2021, 05:56:38 PM
That's a pretty normal thing if your daughter isn't tech savvy or doesn't come here or read r/bitcoin. In general there's 2 groups of users and this is the same in every single thing. One is people who just want to use something. They come home with a new purchase, unwrap it and plug it in. The second group reads all the instructions, posts pictures of their new purchase online, want to research some hacks and hidden features, find out ways to make that thing even better. That's why you have people who know everything about their car and people who after a few months of driving still don't remember on which side the fuel filler is.
2259  Economy / Economics / Re: Pricing in Dollar - Pricing in Bitcoin on: March 05, 2021, 05:19:26 PM
We do not price Bitcoin in dollar because we want to. It's just the most universal fiat money that people around the world recognize and know its rough value. I price everything in EUR, but on this forum I use USD pricing because I know the value of EUR in USD so I can quickly go from one to the other in a conversation. I know that for people from Asia and Africa it's much easier to price things in USD and for Europeans both fiats are pretty similar, thus I talk about BTC using USD pricing.
USD crash is going to happen one day, but it won't make American switch to BTC or anything else. It will surely make BTC price explode, but it won't change people's habits and the way they see things. For them their morning coffee that used to cost $2 will now cost $5, but it's still going to be $.
2260  Other / Off-topic / Re: Corruption and Sports on: March 05, 2021, 01:06:04 AM
Any type of sports can be easily corrupted, some players are easily tempted to this bad activity taking it as their side income. The only reason why they get involve into this is greed, because they are not contented with their payout. Players doing this are putting their career on danger and once they’re caught they might lose their profession.

You're right but the question is, is it getting better or worse because we know the problem exists for centuries. I feel like we see much less of it than we did in the 70s or 80s. It's easy to test competitors for drugs and it's not like you can throw a match easily with all the cameras watching you from different angles. Digital banking also makes it harder to hide some sudden changes in income.
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