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2241  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.
2242  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.
2243  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.
2244  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.
2245  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.
2246  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.
2247  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 $.
2248  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.
2249  Economy / Gambling discussion / Re: Have you ever lost a bet in this way? on: March 05, 2021, 12:45:22 AM
What I do in such situations depends on how I feel and whether I'm there watching the game. If I have a bad feeling about the game and have an option to cash out early, I do it. If I feel like going with the flow and testing my luck until the end, I do it. It's hard to say if I'd prefer to cash out early or not because it's just too situational.
I lost money by not cashing out early. I'm sure there aren't many players who didn't.
2250  Bitcoin / Bitcoin Discussion / Re: Bitcoin investment is limited on: March 05, 2021, 12:29:42 AM
We can say that a bitcoin transaction is pretty much like signing a digital document. A blind person can do it with the help of a finger scanner. They'd need to scan a qr code, have the software read the whole transactions to them and confirm it by touching the scanner. It's pretty much the thing blind people have to face every day when they want to get a ticket from a dispenser or get money from an ATM. Most of these machines have touchscreens, so you can't "feel" what they display, you need sound to guide you.
2251  Bitcoin / Bitcoin Discussion / Re: Lowering the electricity bill by mining cryptocurrency on: March 04, 2021, 06:49:02 PM
Have you ever mined, I did in 2013.
Even then , I made more money selling the mining equipment than I did from mining.

So I can tell you from personal experience , you won't mine a single coin.
But feel free and waste your money if you like, it just a shame that so many of you promote things that are just going to waste other people time and money.

In this last post you've actually spoken for the idea of mining to heat your home, not against it.
You said you made more money selling the equipment than mining, which means you made money mining and then again made money selling the equipment.
Had you used some of the heat, you'd have made even more in the grand scheme of things. Holding mined coins would also make it even more profitable for you. Most miners made the mistake of selling right away to secure ROI.

He's a moron and has already been told so by 3 separate people. He clearly doesn't understand how wattage works. Anything that uses a lot of wattage will get hot it doesn't matter what it is. Lol he says you won't mine a single coin.

He sure is stubborn like a mule. Tongue
2252  Economy / Gambling discussion / Re: Stake.com announces Israel Adesanya as their Global branded ambassador on: March 04, 2021, 06:19:40 PM
Do you think Adesanya will be able to terminate Blachowicz before the bell?
This fight will last 5 rounds of 5 minutes.

According to his stats Adesanya's average fight time is 15:07
He won 75% of his fights by KO, and 25% by decision.
Triple winnings if Isreal Adesanya wins the fight by knockout or submission which is highly unlikely and it is pretty cool offer. The stats of Adesanya are great in Middle weight division but in this fight he is moving up the division and hence i am not sure whether he will be having the same impact, but if he was fighting in the Middleweight division i will go with Adesanya winning within 4 rounds.

To be honest his opponents weren't the toughest. He has a perfect score but that doesn't mean anything if you're not fighting against the best. Like you're saying this is going the be the time when the opponents get tougher and more experienced. Fedor had 25 fights in 9 years and won all of them and then he started losing. Maybe Adesanya is a prodigy who doesn't lose? I doubt it but time will tell.
If you compare opponents, Blachowicz fought tougher ones.

Anyway, congratulations Stake for getting such a good representative.
2253  Bitcoin / Bitcoin Discussion / Re: Bitcoin could one day be a preferred currency for conducting international trade on: March 04, 2021, 05:44:33 PM
Sure, it's possible that one day it's going to be used the way described in the article but for that to happen countries would have to create legal frameworks and treat bitcoin transactions as binding.
I feel like the most common use of bitcoin will be holding followed by a high value transfers made by the private sector (companies and wealthy individuals). Nobody is going to use bitcoin to buy a pizza but it's going to be your first choice when you decide to buy a private jet or an island.
2254  Economy / Economics / Re: Why is developed nations asking money from other nations? on: March 03, 2021, 09:47:36 PM
how can a country like the United States which has the strongest economy in the world be in debt to countries much less economically like India or China?

because US only has the strongest economy in the world on paper. in reality it is quite weak and fragile actually. it is kept afloat by increasing the debt, printing more money and fooling everyone into thinking everything is OK.
it reminds of that picture where everything is on fire while the character keeps saying everything is fine.

And by selling weapons to every other nation around the globe. Sometimes it's for money, sometimes for favors, and if you don't want to buy from them you're the enemy (like Saddam).
Most countries are barely holding on if you think about it. The ones that are printing less are held together by a leader's strong hand, others, with more freedoms, have to print more because free people want more and you can't shut them up by force, you have to bargain more.
2255  Economy / Gambling discussion / Re: Do you take team's cohesion into account when betting? on: March 03, 2021, 09:29:05 PM
I do it very often. Last minute changes in the roster are probably one of the most important factors when it comes to betting on team sports like football. If a team loses an important player because of health issues it's less likely to play well, everybody knows that.

yeah right full of stars without chemistry together is nothing, you can get the best with your team mates if you know them personally. Adjustment will be done once you get along and know more deeper.

There were many real life situations that backed this statement, especially in esports. There were teams made of champions that were simply doing bad and were disbanded after 1 tournament.
2256  Economy / Gambling discussion / Re: Gamblers - How do you use your signature campaign earnings? on: March 03, 2021, 08:46:07 PM
I usually try to save up as much as possible, so that's the main use of my signature campaign earnings. When they grow in value enough I spend some, usually during the bull runs.
My nature of a hodler makes me think twice before I gamble anything away or use for charity, which doesn't mean that I don't gamble or spend on charity, just that fiat is much better for it.
2257  Bitcoin / Bitcoin Discussion / Re: Lowering the electricity bill by mining cryptocurrency on: March 03, 2021, 08:21:48 PM
But feel free, spend a boatload of fiat on a inefficient heating setup that will never mine a single coin,
be sure to post pics , and make false claims about how great PoW mining is for you.

We look forward to your pics , and the final result of that stupid idea smacking you and your wallet around.
Go ahead.  Smiley

FYI the purpose of the heat pump is not to mine coins but to heat your home and your water.
I'll give you a nice example of how this could come in handy from my own recent experience. My friend has a house in one country, but moved to another before the pandemic and had trouble coming back for winter, so he decided to stay at his girlfriend's place for a few months. I got a call from him a few days back to check on the house and it appears he had a flood because it got so cold in there the pipes froze and burst (the temperatures went down to -20 this winter which is pretty rare. Last winter we maybe had -5 outside tops and his house was fine). So if he had a mining rig in there he'd be able to get some coins for free and keep the house warm.
2258  Bitcoin / Bitcoin Discussion / Re: What would you do? | Is this the end of inflated markets? on: March 02, 2021, 08:22:00 PM
The whole market is in the red. If you bought BTC or almost any other coin, not counting Cardano, BAT and maybe a handful of other coins, you'd suffer a loss to fiat.

You already made the wrong decision or maybe your unlucky buying before the market price going down, and that's really unfortunate.

He made the wrong decision again when he posted about ETH in bitcoin discussion. Roll Eyes
I don't believe ETH is an inflated market at this time since it's the most popular chain upon which other coins are built. In this market the important features are scarcity and utility. Bitcoin is the most popular scarce coin and ethereum the most popular utility coin. I'm sure that if Bitcoin continues to gain value (and it will) ETH will follow.
2259  Economy / Gambling discussion / Re: What games are best suitable for PvP gambling? on: March 02, 2021, 07:44:06 PM
Why are people thinking about Dota 2?

While there are a lot of people playing it, it is still not that balanced. There are still a lot of heroes that could dominate the game and I think that could not be always controlled since it is a MOBA, it is a fighting game and that also means that it would not always be balanced. I don't think it would be the best PvP that we have, but its what we have right now.

Exactly. Good picks and counterpicks can decide the game. You can have better players and simply be outpicked at the beginning and you'll lose the round. That's why at top level events they usually play best of 5, but in normal casino scenario nobody is going to play for 5 hours straight to get the reward. Casino games have to be pretty easy and fast. They need a los skill entry point, so that a newbie can understand the rules fast and they need a fast paced matching system. Dota sucks in this because team picking phase alone can take 10 minutes.
2260  Other / Off-topic / Re: Corruption and Sports on: March 02, 2021, 07:06:48 PM
Why certain sportsmen have such greed towards money when people are starving to have a single meal on a day.

I'd rather ask why their wages are so incredibly high. For instance, a good specialist in his field, a scientist, a researcher, can make maybe 10k USD a month. Football players make 100k. They're getting so much that it's easy for them to become spoiled. It's especially hard to stay true to your beliefs when you come from a poor country and suddenly advance to a world league.
It's my belief that as long as there's big money in sports, there will be corruption and the governments won't be able to change anything. They can't monitor the flow of cash.
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