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2321  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 19, 2023, 05:02:33 PM
Vilfredo Pareto was a great economist, and I personally studied and conducted research on the Pareto Principle for a university assignment. Anyway, back to the topic: although Bitcoin supply is limited, all coins will be mined in more than a hundred years from now. Making such an assumption now would be impossible. I highly doubt that Bitcoin one day won't be traded unless something extravagant occurs, such as a major crash, dropping its value close to peanuts and staying there. This would certainly deplete interest in Bitcoin, but not diminish it. With that being said, I believe that investors won't give it up easily, even if governments attempt to contain it, which I don't think is feasible or desired.

When the bitcoin value drops to peanuts for instance, isn't it as a result of the decline in people? Because changes in bitcoin price reflects the usage of people or any situation happening in the real world. Such major problem can be caused by difficulty in the world economy. Thereby financially affecting the entire bitcoin users. Aside that happening, the users of bitcoin or investors wouldn't let bitcoin get to peanut. Because of the profits and lose they've had in bitcoin. At a price as little as a peanut may not drive most users away. Only something uniquely new can do it. At a low price, the people know the high profits that awaits them if they get bitcoin at a cheap rate. And bitcoin is such a currency that works in favor of those who bought it very low. Also, since people won't run dry of wealth completely, they'll definitely invest on something that promises more profits like bitcoin. If a currency shows up from the blues and promises high profits to investors and traders, depending on the types of trades by Pareto. They'll definite try the new stuff out, which can affect the growth of bitcoin. I don't think it'll be now, as we are far behind from the time bitcoin hits a finite supply. Additionally, no such thing has been thought out by technicians to beat the concept of bitcoin. The government would have been the first to drive bitcoin users away to a new model of currency. Who knows, in next 100 years, what will fascinate the next generation of bitcoin users in next. Could it be bitcoin still? that will determine the assumption, if it'll be true or false.
2322  Economy / Gambling discussion / Re: Do your parents know about your gambling habit ? on: October 18, 2023, 11:00:43 PM
Some people especially in Asia still live with their parents and when their parents find out about their habits and the parents hate such kinds of actions, the consequences are not pleasing that's why most of them I think have been hiding this kind of habit until they have no other choice but to tell them about it. Just like my Brother's friend who got himself in trouble when the gambling den got raided by the police and caught him when he was in jail, he explained everything to his parent and confessed how and who people influenced him on gambling and it was his cousins.

In most traditions it could be uncommon to find people living with their parents. But for those culture where it's common, the young ones are also expected to acknowledge the fact that they're with their parents. And not engage in things that could make the family go through losses. Even if the gambler earns his income. If it's channeled into gambling he would be rendering the family a bad stewardship. Especially when he's losing it all. The player in the story, he could be free from gambling, afterwards. For opening up to his parents, when he gets out, his parents can guide him not to gamble again. The problem are those whose gambling activities are still hidden to their parents. Mostly, it'll be nice to be friends with our parents. As it'll help us easily talk to them about anything. Many good players don't unveil it, because they don't know the result; how their Dad or mom will feel about it. The journey gets easier for the play who opened up than the play that hides his gambling attitude. Unless in cases of grown ups, the gamblers that can control their actions. Many of them don't need to inform their parents, as all is maintained. As for young, growing players who still play hide and seek. It won't take longer for gambling to piss you off. Due to not being comfortable, while gambling with phone or laptop in the house. One day it'll be clear. More damages may have been done. It feels better when we discuss it with the parents. Sharing news on gambling with the parents. When they begin to get interest in watching or reading people's win and lose in gambling. They'll definitely start to relate with their kids. And ushering good advise to them. It's bad, we blame the day's stress, for being the cause of the day's lack of familiarity with our kids and wives. It can affect the growth of gravity. 
2323  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 18, 2023, 10:33:01 PM

To dominate the monetary system? for how long would that be? It'll surely get to equilibrium, to balance the market.  People will never get tired of using money. If a person is working on a business that requires E gold as the payment method. The person will hurry to know how he'll be able to trade e Gold. Despite e Gold being overshadowed by bitcoin as a payment method. The stay of bitcoin as a commodity with the most utility; money. The market will always move, maybe more difficult. Due to its finite nature. Many wouldn't want to lose for others to win. They'll fall back to the main purpose of bitcoin; as a payment method. Saving some bitcoin on their wallet. Regardless of the decision of people on bitcoin. They're lots of lost bitcoins. With no means of accessing them. Thereby putting a balance in between buyers and sellers. Now I understand why Satoshi tagged lost bitcoins as the helper of the market. Depending on what would make the buyer happy. A new coin or tech, if any, can overshadow the ideas of Satoshi, like his did to Adam back's Hashcash. The situation of bitcoin in such a market, may not be completely reduced. Rather, the news and methods of bitcoin marketing, will also fetch profitable outputs in future. Able to maintain the market. It all depends on the number of people that'll keep using bitcoin when that happens. For instance, de-valuating dollar to an extent people switches to something tangible. Maybe a different country's currency. Yet it wouldn't take away the usage of dollar. Because it's money. People must trade with money. And bitcoin has been serving the purpose of money non stop for over 11 years. It's indeed the future. There are many other generations that'll watch the performance of bitcoin in the financial market, which we may not predict today.
As the saying goes, "money talks." And Bitcoin? Bitcoin is economy's future. Over 11 years, it's served its role, proven its usefulness, and shown its potential. Now, I've always said, always believed, that Bitcoin is the way forward. The future is here, and it's the future!

E Gold? Certainly had its time. But Bitcoin? The Bitcoin took over. It ruled. It became gold standard. Bitcoin stays the same as the market evolves. It's limited, valuable, and permanent. People see that. They know the value of keeping their Bitcoins, even if some are lost. All about supply and demand. Simple economics

Despite new crypto, tech, and ideas, Bitcoin has proven itself. It's endured. Generations will see its strength, influence, and dominance. Like the dollar, it will survive despite adversities. Why? It's money. People always need money.

From my perspective, the future you are talking about depends on people's understanding of how bitcoin works. They'll get to the time when the world understands the importance of a decentralized monetary system. It'll be difficult for people to easily adapt to bitcoin at a young age. Most of the products breaking the market with sales. Are very old. But, bitcoin still sells more than them within a few years. Such a technology can't be understood easily by the people. As bitcoin may not be utility to them. I mean no reason to use bitcoin. That's why everyone has, somehow, somewhere, heard about bitcoin. But can't answer few easy questions on bitcoin. So, the growth of bitcoin depends on the number of people who understands the ways of bitcoin. Because with the developments within the decade bitcoin has been in existence. It defines or shows how deformed people are about bitcoin. Convincing or allowing them think about it and its benefits could be a good choice. But, the question is, will they ever come back to learn bitcoin? or is it mainly determined by the effort of others to teach the world on the importance of bitcoin. Because if a person uses dollar, paypal, or bitcoin they'll definite have folks that trades, with them, such currencies. Hence if a person doesn't have any business that requires bitcoin for payment. He may be hearing about bitcoin but won't learn it or use it. With the good and bad publicity referring to bitcoin as a ponzi, scam etc. Bitcoin still stands and progress, regardless. Due to its quality and provision to the society. When they begin to see the disadvantages of operating with centralized monetary system like banks. They can begin to venture into bitcoin for what it is. Money. So, bitcoin has to rally or compete with the government. It has dominated the cryptocurrency market, first. It's strong enough to stand for the world, without failing. Thereby placing it in competition with most used currencies, like USD, Euro etc. Bitcoin is gradually dominating the later. With its bull run season, more people will look into bitcoin.
2324  Economy / Gambling discussion / Re: The Drake's Curse. on: October 18, 2023, 10:02:10 PM
Yes, the story we are not sure about, how true our predictions can be about Drake's gambling money. If he was funded by the casino or used his private funds. Although with what is on the floor, marketing has become very tricky. And people are getting used to different marketing techniques. Such that when they find one, they won't hesitate to point it out. As a brand ambassador of Stake, most of his moves would be questioned by fans and the gambling public. One, the wagered money can serve as a jackpot to many gamblers. Hence, it gets us intrigued, and we may not accept the fact that drake used his funds to play it. Because it looks so big in the eyes of gamblers. Yet we may not concern ourselves if the money is quite not huge in the eyes of drake. He's been doing this time to time. Aside the publicity he's getting from his huge money gambling. He's never complained about anything or answered any question whether the company is giving him the money to gamble. I've seen gambling influencers, using fabricated slips to deceive followers into believing they made in profits, or wagered such an amount. So big that people will see them as rich gamblers. As a Drake fan, I don't think he is posting fake screenshots. So, if the money is revolving between Stake and Drake, it's beyond our understanding to point out what's happening behind the scene. What gets us questioning is, that feeling of getting bordered when losing in betting. Often times, he's not gone public to show his bitterness of losing such an amount. As it should bother him at least. But, since, he is being covered by Stake's money in most extent. It may not be a torn in his flesh. No one can tell how long the deal would last. Until, then we can determine what was actually going on during his stay with Stake. Whether he'll continue playing with such an amount or not.
We don't need to think that Drake uses his own funds to bet big money. Moreover, we also know that Drake has a lot of money. So even though he bet big money, he still has a lot of money to use for various things. And even if Stake funds his gambling budget, that's also good for Drake because he can help promote Stake to many people. And from that match, people will know that Drake uses a lot of money to bet.

I don't think Drake complained about his loss or showed it to the public. Also, Drake doesn't feel anything about his loss, so we don't know how he really feels.

It's still about how we see celebrities, according to Brucelee, they're humans and feel things too. And we may not know about how he manages his wealth. One thing I know of Drake is that he's doing great in music. Has top notch tracks in billboard. But his personal life is his problem. Where he grew, the relationship he had there and all, can make him do bad mistakes too. Remember he's human. He works hard just like any other person. The real story about it, I don't expect it to be all comedy. Drake is also losing to Stake. Unless stake agrees on giving him unlimited wager, which is impossible. The amount agreed to be his funds for gambling. May not be enough to satisfy Drake. Therefore, he'll still have some low key bets he places on Stake, with his funds. And only posts the one sponsored by Stake. To promote Stake. And most of the times, he loses on that too. Hence, he only gets his endorsement money in full. Other allowances can fluctuate according to the outcome of the game. Like I said, don't know his level of gambling habit. As it could be a determinant of what I said. One way he spends a lot and the other side he also earns a lot. He also works on how to save a lot. He'll definite not wager so much, because he has lots of money. But most times I used to see it as Drake's gambling moment. Whenever he posts a gambling slip on his page, isn't the only time he gambled. He may be participating in some low key gambling activities with visitors and close friends. It's what gives them joy. In a nutshell, It's possible he's making adjustments and also mainly posts bets sponsored by Stake. As an ambassador.
2325  Economy / Gambling discussion / Re: Will you leave gambling if your future wife/husband tells you to do this ? on: October 18, 2023, 09:30:57 PM
Will you leave gambling if your future wife/husband tells you to do this ?

You must have been a terrible husband for your wife for your wife to say that you should stop gambling. Gambling has ended some relationships and marriage because of the lack of mutual understanding. I don't there is any reason why your wife will tell you not to gamble, not nice unless there is a reason that justify her demand, I will not do it because I will not stop her from doing her hobbies either so long it doesn't affect her marital vows and same goes to mine as well.

If she give her own reasons why I should quit gambling and points are pick, I will quit because I will equally do anything to save my marriage but if she just feel like I need to quit without any concrete reason, then I'm afraid I can't because some people naturally don't like gamblers, they don't want to see anything like gambling around them, I'm not sure why they are wired like that but those people need to chill, there's nothing wrong with gambling.

He doesn't necessarily have to be a bad husband until such request emerges out of his wife's mouth. Mutual understanding plays a long role in choices and decision of people, especially married couple. The wife may come from a home where gambling is forbidden. She won't feel comfortable staying with a gambler for the rest of her life. She'll never get complete rest and harmony, until you stop and explain better. And it'll take a long time to build the mutual understanding before she'll allow you gamble or even join. But, stopping immediately she suggests it can help fasten the time it'll take before she gets comfortable with gambling. Because the attitudes we exhibit in a family can make the naysayer a yeasayer. She may have been set aside for a quarrel, before mentioning that to her husband. So, the best choice is to follow her guidance. Given time she'll wonder, why things changed with this particular gambler. Maybe the gamblers she's met in her life were toxic and would go crazy when someone tells them to stop. It depends on the beginning of the woman. Two wrongs can't make a right. Soon, the woman can see in the attitude of her husband that she, the woman, is wrong. The point is that agreeing to her terms should be the first step, towards letting her understand gambling better; mutualism. As she'll definite need her husband to know more on gambling. She'd ask questions like; why do you gamble? how did you start gambling? how much have you made in gambling? wives will definitely ask the last question. How we present the answers can build for the both parties a better discussion sections on gambling. With examples and proves. No matter how long it takes to convince her, it'll look like few days. When you look back. The fun of convincing your wife to understand the benefits and primary aim of gambling. Causes of gambling addiction. These are things that can be memorable and makes fun, the marriage. All can't be the same. Hence we must make every thing we do fun. Follow with caution.
2326  Economy / Gambling discussion / Re: Will you leave gambling if your future wife/husband tells you to do this ? on: October 17, 2023, 11:57:11 PM
Will you leave gambling if your future wife/husband tells you to do this ?
And why did you decide to use future wife/husband don't you know that most members here are married already?
Well to answer your question. if gambling has began to affect me negatively. Then I guess my wife(I'm not yet married) Grin can tell me to stop gambling. We shouldn't allow gambling to create a negative impact on our life as well as on our relationships.

He may be reffering to those who are yet to get married. As the married men here rarely share their experiences with the spouse they married, regarding gambling. So, if in future such thing happens. Speculating. I'd look for a means to save the marriage. She could be right at a point. And if any problem arises through gambling she won't take sides with me. Which would be a huge family problem. But, my best move is not letting her find out about my gambling activities. Maybe play games when she's not around. Because she could be scared, her husband can gamble away all the money meant for the family. Women can't trust men when it's about sports betting or other gambling activities. In my response, it's not a bad idea to keep it at a minimal. Then give it a break. Or if the woman reasons alike, she can drop her listening ear on what I'll have to tell her about my gambling habit. If she does listen, she'll find herself getting interested in gambling. It's mainly about mutual understanding between the couple. And when we both are on a similar page, the relationship bond gets stronger day to day. Husband and wife can become gambling duos, watching their performances not to make big financial mistakes. It's also right if we try our luck on her, as gamblers, by trying to defend ourselves. If she insists, then I'll think of stopping. At least to stay in peace and harmony with the woman in my life. Because if gambling is not providing me fun and happiness in my home, then no point of engaging into gambling.
2327  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 17, 2023, 11:43:46 PM

They don't work in reality. No way we could just win all the time from trading but also suffer losses (no matter what we do). If that is true, all traders are already rich but unfortunately, many are suffering losses and even quit.

These 2 things made innocent people think that trading is the answer to their ambitious dream (rich). But their bad experience helps them as well to realize that they were wrong. We have to keep in mind that trading is too risky, some people make a profit while some also lose.

let us put it this way, trading is not for all people. it depends on how passionate you are in this aspect. and even some of these traders can easily lose their interest once they are suffering losses after losses. so you do really have to dedicate your time and mental facet on this one to be successful on this activity.

Sure a win win market doesn't stay for long due to a finite supply. The product or commodity gets to a point where, it'll no longer be profitable. And continuing with such business can cause losses. I've seen such business, where people all gained. A group of people can stake money to purchase a product, then trade the commodity until they're satisfied. If they get the joy from the commodity, they're winning. Only thing is that such business suffer short term survival in the market. Hence, saying that a win win trade doesn't exist, isn't right. It could be you've not noticed such a trade. Most investors at one point finds a product that serve such market value. Where everyone wins. Take a business model for instance, where a type of wood is needed in the market. And few amount of people bought these trees and supply it. With the rate of sales and turn over, these investors will go extreme looking for such woods. To be able to meet up with demand. Thereby increasing the price of such wood. But to a point, where both parties get satisfied, the seller and buyer stops trading the wood. Because both parties will no longer benefit from trading the wood. As though, it has gotten to a stage where finding the wood is so difficult that it'll always cost them to loss before getting it. Hence, a halt on trading such wood will be the best alternative. That's what the number 1 is about. They can't trade it forever, that's why the market won't continue making them more wealth. Until a point where it all balances. People keep trading a product until they're tired of the utility. Which can be as a result of finite supply. Even in such trades like no 4 where people suffer loss, they're those who get reasonable profits from similar trades. Looking at it from a practical aspect, the use of or the existence of such types of trades, isn't a questionable one. They exist and is applicable in the real world.
2328  Economy / Gambling discussion / Re: The Drake's Curse. on: October 17, 2023, 11:20:27 PM
For sure that it is since they want to make people curious and discuss about what really happened there. Then now they are successful since they are now been talk my many people and that gather a lot of exposure to their casino that's why we shouldn't take the bets made by those influential people especially if there's casino involve in the picture since promotion will be their main intention and nothing else more than that. People need to be calm and ignore those winning or losses Drake made since at the end of the day he earn a lot of money to the promotion done for the casino he works with.

Now that they read peoples opinion regarding to this for sure with this they can think about other important thing that need to watch for rather than believing on those casino ambassadors.
If they want to participate in betting just for fun, they can do so because we do not aim to make any profit and only want to follow what they do. And yes, people don't need to think about what Drake made because as a man with a lot of money, he could have spent much of his money placing those bets. We also don't know if the money came from the casino where he worked or if it was his own money so we didn't think too much into it. We also don't know if Drake did it for real or if it was just part of a scenario they did so people thought it was real.

Yes, the story we are not sure about, how true our predictions can be about Drake's gambling money. If he was funded by the casino or used his private funds. Although with what is on the floor, marketing has become very tricky. And people are getting used to different marketing techniques. Such that when they find one, they won't hesitate to point it out. As a brand ambassador of Stake, most of his moves would be questioned by fans and the gambling public. One, the wagered money can serve as a jackpot to many gamblers. Hence, it gets us intrigued, and we may not accept the fact that drake used his funds to play it. Because it looks so big in the eyes of gamblers. Yet we may not concern ourselves if the money is quite not huge in the eyes of drake. He's been doing this time to time. Aside the publicity he's getting from his huge money gambling. He's never complained about anything or answered any question whether the company is giving him the money to gamble. I've seen gambling influencers, using fabricated slips to deceive followers into believing they made in profits, or wagered such an amount. So big that people will see them as rich gamblers. As a Drake fan, I don't think he is posting fake screenshots. So, if the money is revolving between Stake and Drake, it's beyond our understanding to point out what's happening behind the scene. What gets us questioning is, that feeling of getting bordered when losing in betting. Often times, he's not gone public to show his bitterness of losing such an amount. As it should bother him at least. But, since, he is being covered by Stake's money in most extent. It may not be a torn in his flesh. No one can tell how long the deal would last. Until, then we can determine what was actually going on during his stay with Stake. Whether he'll continue playing with such an amount or not.
2329  Economy / Gambling discussion / Re: Do your parents know about your gambling habit ? on: October 17, 2023, 10:56:40 PM
I've never heard my parents speak good of gambling. Hence, I can't inform them about my gambling activities. They'll not be glad about it, as they're not with other close relative whom we know are gamblers. When they go broke, it's common here to blame on gambling. I'll not get a chance of explaining why I gamble. Since they're not used to gambling, how then will there be able to accept what I say regarding the importance of gambling responsibility. They, parents, may have eaten the profits coming from gambling without knowing. So, to keep the ball running with no suspense. It's better not to inform anybody. I see it as a private life. Unless it's getting out of my hand, maybe becoming indebted via gambling. Then I'll safely inform my parents, to know their contributions in terms of gambling. And a new changed behavior. As they'll always be there on crucial situations in my life. Traditionally, a child should run to his parents when things are getting bad in their lives. Hence, if my gambling behavior is safe, and no one is getting hurt. I don't see any reason to tell my parents. As telling them can hurt, without my consent. Despite not living close to them, I keep in touch. And nothing as such has not be revealed to my parents. They don't ask too. Because they're not seeing those symptoms they see in other gamblers in me. Hence, they'll be no reason for them to fidget.
2330  Bitcoin / Bitcoin Discussion / Re: Give Bitcoin investment time on: October 17, 2023, 05:58:43 PM
Not only with Bitcoin. In general, wanting to get rich quick is a bad idea because it usually ends up with you losing your money instead of getting rich. And even in the cases that succeed, such as those who win the lottery, there is a majority that after 5 years have lost everything and in some cases are even more indebted than before they won the prize.
There are also other examples where those who won the lottery maintain and increase their wealth. The same can be said about Bitcoin, for someone it will be enough for 5 years for their purchase of Bitcoin to bring a good profit, and for someone during this time, at best, they will only be able to return what they put in, or if they buy high and sell cheaper, they will receive losses.

It all depends on the individual, the ability to manage your finances, manage your fears and emotions. This is all difficult work, everything related to finance is not easy, and in order to achieve results you need to work on your personality.

Yeah, the behavior of the person, can result to their efforts towards maintaining wins. Such as the desire to show off or win huge through bitcoin is like gravity. It can't endure delays. The person will be forced to move their money and throw it on their show off attitude. And others have personal means of extinguishing the fire of desires to spend on what doesn't matter in their life. However, since gambling is one top priority of that person, he'll keep doing it. There, his advancement to garner gambling skills would come to play. Most people don't care about how little there sold. What matters to them is their personality. Those disciplined gamblers maintain good monetary behavior. Although we tend to hear much about the stories of careless gamblers, losing everything on lifestyle on gambling. Than others who deliberately manage their gambling activities, money wise. Such people also exist in bitcoin bull and bear race. But the disadvantage is that they'll lose out. But, since it doesn't feel like they've lost completely. By holding some fractions of their bitcoin investments in fiat. They'll always do what's on their mind. We also have such people that sell after a bullish run. At least they went home with huge profits. That can set them financially free. With the duration different for every investor who made it to the bullish time. How much they invested in the business. While bitcoin requires time and patience, we need to make it count. At least investing on what will create happy profits. And I can't say, how bad it'll be for a person who is indebted because of bitcoin. Just like in Poker player's quote. Such personalities who find themselves in bitcoin is still better, because the bitcoin is safe and can be used to settle such problems. According to the season of bitcoin. The gambler being able to take loans to keep up with the standard of his gambling activities. Will easily be indebted with no source of paying some of the money owed. Hence behaviors and attitude goes a long way to explain people who act like this, not minding the field they fell into. Some fields can be favorable than the other. 
2331  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 17, 2023, 05:28:48 PM
These trading rules were developed by the economics genius Pareto, and they remain just as applicable today as they did then. Now when we're talking about bitcoin, it's an absolutely intriguing topic. Bitcoin is a game-changer, a disruptor, and it's here to dominate

The best trades are those that benefit both parties equally and in which no one loses, correct? Everyone adores and desires them. However, as you correctly pointed out, bitcoin belongs in category 4. The game is a zero-sum one. Someone has to lose in order for someone to gain. But this is when things start to get interesting. Bitcoin's strongest suit is its limited quantity. Its uniqueness and importance come from this.

When the quantity of bitcoin runs out, will people start looking for substitutes? Most likely. But keep in mind that Bitcoin has become the benchmark for cryptocurrencies. It is comparable to the dollar in the digital age. People have faith in it and trust it. Additionally, value exists as long as there is confidence. As you correctly stated, the market finds its equilibrium. While people's preferences fluctuate and utilities differ, bitcoin is one thing that never changes. The future is here, and it's a good on

To dominate the monetary system? for how long would that be? It'll surely get to equilibrium, to balance the market.  People will never get tired of using money. If a person is working on a business that requires E gold as the payment method. The person will hurry to know how he'll be able to trade e Gold. Despite e Gold being overshadowed by bitcoin as a payment method. The stay of bitcoin as a commodity with the most utility; money. The market will always move, maybe more difficult. Due to its finite nature. Many wouldn't want to lose for others to win. They'll fall back to the main purpose of bitcoin; as a payment method. Saving some bitcoin on their wallet. Regardless of the decision of people on bitcoin. They're lots of lost bitcoins. With no means of accessing them. Thereby putting a balance in between buyers and sellers. Now I understand why Satoshi tagged lost bitcoins as the helper of the market. Depending on what would make the buyer happy. A new coin or tech, if any, can overshadow the ideas of Satoshi, like his did to Adam back's Hashcash. The situation of bitcoin in such a market, may not be completely reduced. Rather, the news and methods of bitcoin marketing, will also fetch profitable outputs in future. Able to maintain the market. It all depends on the number of people that'll keep using bitcoin when that happens. For instance, de-valuating dollar to an extent people switches to something tangible. Maybe a different country's currency. Yet it wouldn't take away the usage of dollar. Because it's money. People must trade with money. And bitcoin has been serving the purpose of money non stop for over 11 years. It's indeed the future. There are many other generations that'll watch the performance of bitcoin in the financial market, which we may not predict today.
2332  Economy / Economics / Will people ever get tired of trading bitcoin? on: October 16, 2023, 11:43:37 PM
They are four kinds of trading according to Pareto; An immortalized name in the economics mathematical science.

1. A win win trade; one that the both parties win, hence the number of people into such trade keeps booming

2. Trade in which a party gains, but no one loses, and again welfare will definitely go up; more users and investors

3. Trade in which no one gains, but someone loses

4. Trade in which some party win and some loses, and increases the amount of profits of those who won.

People are wise, they'll go for one and two, but will trade on it until a point where people can't trade without getting worsen off.  But, in 3 and 4, where I placed bitcoin, especially 4. The trade cannot be profitable if people don't lose for others to win. Yet it has some qualities of the results of number 1, finite supply. When the supply of bitcoin ends. Wouldn't people look for other things that'll serve them, other than bitcoin?

People's interest can change in the market. Which is what balances the market. Difference in utilities.

No fud! just reasoning like an economists. Using their mathematical science. You can contribute or share you insights on Pareto principles; Pareto optimal and Pareto superior trades.

Thanks.



2333  Bitcoin / Bitcoin Discussion / Re: Give Bitcoin investment time on: October 16, 2023, 12:30:06 PM
Every feature of bitcoin requires time. Transaction confirmation takes about 10 minutes. Halving, 4years. Mining difficulty, 2 weeks. Hence investment time should be in place if we'll want to earn enough profits in bitcoin. Although the time is not constant like the ones I listed above. Most of the investors today, are looking for quick profits. They see bitcoin as gambling. Some rush to day trade, for fast return. Doing such things, makes investors to think bitcoin isn't profitable. But one good thing on bitcoin is allowing it enough time to effect changes. The volatility of bitcoin can only be combated with time. Those investors who didn't wait, may be regretting today. It's important to see bitcoin as we see other activities in life. Even it took us many years before we were able to read and write. Nobody began talking the day he was birthed. Same is applicable to bitcoin. The growth of bitcoin will bring lots of changes to it. And the investors who held for sometimes will be able to earn huge too, according to the increase in the amount of bitcoin price. A time is also set up, when all the bitcoin will be mined. The time for every transaction is also recorded in the ledger. The blockchain revolves around time, so we can track exactly when a transaction was sent. No need being in a hurry about bitcoin investment. What matters is staying patient and following the trend on bitcoin. Knowing our next move is also crucial as investors.
2334  Economy / Gambling discussion / Re: The Drake's Curse. on: October 16, 2023, 11:43:15 AM
I’m not even sure if his supposed betslips are genuine. He has a partnership with Stake, that’s obvious. Do we really think he’s making these large bets or are Stake just giving him them to post and paying him to do it.

I run a successful ladies clothing store online, we have had many public figures make instagram posts wearing our line. They didn’t pay for any of the clothing, we paid them to model it. I believe Stake do something similar with Drake. There’s nothing wrong with it, it’s the modern day version of advertising, paid promotions.

Personally, I don’t believe Drake makes these bets with his own money.

I'd love to know if you pay the influencers their complete ad money after giving them clothes. Similarly it could be what Drake and stake is working on. Personally, I knew drake as a gambler when he wagered a million dollar on stake casino. Then, later I found he's their ambassador. Many people knew drake as a gambler through stake and vice versa. The casino can easily fund his account, and he won't withdraw the funds even if he wins. As he losses, no problem. I've not seen screenshots of his, signifying a successful withdrawal. It can be fabricated. But, nothing of such have appeared on his page, while I was following him on Instagram. The complications to the truth here is, drake is a successful musician. He can fund the money. So, they should be a benefit of doubt, regarding who funds him. Stake has the money to do that as well. Otherwise, on a marketing perspective stake is doing what you did with Influencers. You can't advertise on your page what you don't use, and expect massive leads. Rick Ross for instance, always goes along with belaire rose drink almost in all his photos and videos. Such marketing technique helps to memorize the product on the brain of his fans. Have you thought of trying out a single influencer with huge following, doing same thing for your clothing store? Instead of moving from one influencer to another. I tried this with two twitter influencers, the generated lead was average because it was just a month marketing campaign. Going with one big influencer for a long time, definitely builds relationship between the product and their followers. The followers will love what the influencer promotes and would love to wear the kind of clothe they're putting on. Even coke take promotional photos meant for advertisement. By having a celebrity hold a bottle of coke in the photo, then share on his or her social media page.
2335  Economy / Economics / Re: Young people needs productive mindset to be happy in life on: October 16, 2023, 11:13:46 AM
Do you wish to alter their mindset? Believe me, it's quite challenging. For most people, the 9-to-5 mentality is the path they tread. Creative and productive thinking often faces apprehension due to the associated risks, while working 9-to-5 poses no risk other than perhaps the occasional scolding from the boss, with a steady monthly paycheck being the norm.

From my observations, more individuals tend to utilize their free time for productive pursuits, such as delving into textiles, video editing, photography, or other activities typically linked to their hobbies. Everyone yearns to engage in riskier ventures only when they feel financially secure. And the productive behaviors they undertake often carry high costs. Thus, it's usually their hobbies that bring them joy.

With the economical problems in the society, it doesn't make entrepreneurship the safest zone for everyone. Working 9-5 is also productivity. Division of labor increases productivity. When beginning a business alone it takes up time and requires additional help from people to stand the business firm. So, not everyone can follow that route. They'll prefer to do 9-5 work and grow their skills there. Provided that the employee is been treated well, there is no need of leaving 9-5 to venture into personal business. Many graduates that do corporate works, enjoy it. I'd only advise people who don't enjoy their 9-5 jobs to venture into other businesses. Also, it's important to follow up our skills, such that when we decide to stand alone it won't be a hassle. If the skill turns hobby, then it's a good thing for the person. They can also stay consistent with it, and build strong reputation. On the other hand, most people may not be able to remain consistent even when the skills being exerted is their hobby. Not everyone can be a boss. Some are or become productive, when taking orders from their boss. Such people when left alone to start a small business, they'll fail to do the right thing. Without a mentor, present. I've seen friends, who don't need to entangle themselves with the risk involved in running a business. Hence, they do work hard for the government or boss, not to be yelled at by their boss. It's a matter of orientation and personal behavior in the establishment or company they work.

Currently, it is very necessary to instill an entrepreneurial spirit in undergraduate graduates so that they are not too dependent on work because it is difficult to find work, because what companies need is expertise and experience.
And most of them also have a high sense of prestige, and most of them will refuse if they are accepted into a job that is not in line with their profession and the salary is not appropriate. In fact, that is where his career and success will begin. Because as long as they start from the bottom, they can develop their abilities and also learn from the work they do, so they can be promoted when there are vacancies or they are needed.

That's why entrepreneurship was integrated into the school curriculum, to help undergraduates understand what the labor market looks like. It's funny to say that, students, some, believe they'll get automatically employed after hitting 4.0 and above GPA. And a good number of them get frustrated after performing well in school and faced with no job. It has led many to venture into bad activities that land them into a more difficult life situation. Hence, with entrepreneurship being thought in school, students will easily learn about fresh skills. Build it from school days, until they graduate. At least if they have 2 year skill experience before graduation. They can practice that skill, after school. Earn some funds through it, and improve the quality of the skill. While looking out for a company to work. Luckily, when such a person gets hired s/he will be proficient in the company.
2336  Economy / Gambling discussion / Re: The Drake's Curse. on: October 16, 2023, 09:05:42 AM
Now, the big question is this.... Is Drake being funded by Stake.com to make these huge bets, because he is an affiliate and a brand ambassador for Stake.com.  Huh

The same thing apply to his occasional gambling streams, where he gives away tons of money. It is one thing using your own money, but paid streamers are playing with casino money.

Will we ever know what happens behind closed doors.... right.  Tongue


I think you have a valid idea there. For instance, celebrities affiliated to wine companies get free supplies for advertisement purpose. But, from the look of things, Drake gambles often and doesn't win often. Which resulted to the drake curse. Any team he support doesn't win. Do you think stake is getting their funds back from his losses and milk the publicity to their own personal advantage. A lot of drake fans, can easily switch to stake casino for their gambling activities. Most celebrities that doesn't promote online gambling, mainly gamble offline. Also, they don't flaunt their gambling lifestyle. Drake shares screenshots across his social media platforms, which is doing his work as an ambassador of stake casino. He is yielding the casino lots of profits and may be given the privilege to receive additional funds for gambling. It is certain, money spent on streams is sponsored by the casino for promotional purposes. I know celebrities for gambling indoors with other celebrities. Mostly card games. Although, from his deal, he may be restricted from using other online casinos, that's why we may not have seen him staking on other online casino aside stake. But, since, he is making fame too from his huge wagers, Stake may not sponsor all the money. They could pay for some percentage, while drake completes it with his own money. Probably, what the casino pays him as a brand ambassador.

I wonder how his endorsement deal with Stake works. Their brand is all over his Instagram, where he has over 143 million followers. Every time he posts a bet slip it gets noticed by major publications. The reason why Drake's Curse is even a thing is because of the enormous publicity he receives. It wouldn't be unreasonable to assume he is making as much money as some of the highest paid athletes in the world. Betting a few hundred thousand is probably nothing to him. What he earns from the endorsement is more than enough to cover his losses.
He is very popular and wealthy, which makes it easy for him to attract people with his updates. If he were to promote a gambling site, which I believe he is, people might follow him in gambling on the same site. I'm not sure if the amount he lost is real or if he's just trying to promote a gambling site in that way. But as long as it's less than a million, I think it's quite reasonable, given his millions in net worth. I think he bets on various sports because I know he also wagers on NBA games, not only betting but also attending games courtside during playoffs.

He wagers on other sports on Stake casino. That's what matters. It's been a long term deal, and the both parties must have built some rapports. They work together to receive the best results. Stake is getting what they're paying for, and it's drake's duty to give them the best publicity. The argument can be, whether he uses his earnings from stake to play games or stake provides additional funds for his gambling activities. If he is playing his music money, I don't think he'll wager often times huge amounts like that. The real money comes from stake; endorsement money and commissions. Stake offers good commission to advertisers and Drake could be getting some of it for the people playing because of him. But, I'm not sure how they track the traffic he's pulling to stake casino.
2337  Economy / Gambling discussion / Re: An agent is no where to be found. on: October 16, 2023, 07:51:47 AM
I understand that gambling shops are popular in some parts of the world like Africa and Eastern Europe... people visit these shops to place their bet via agents of the big casinos and betting companies. A good percentage of those who patronise these shops are the elderly and less educated people who do not know how to go about registering and playing online. So they are constrained to patronise these shops.


A good number of knowledgeable players use these shops to stake games. Mostly for virtual games. The interesting thing about gambling shop is the social activities. Some gamblers would want to discuss with other like minds. It's fun.
I agree with you regarding the social activities and fun part of the gambling shops. Just like you said, VFL is one aspect of gambling that is booming and mostly played in the shops even though it is also played online.
However, that does not remove the part that majority of those who actually gamble in these shops are the least educated and probably the elderly. I have visited such shops on several occasions just for the fun part of it but even while in the shop I gamble with my phone online. I replied you just to make this clarifications so that we are on the same page.

Sure we may be on same page, but what would you have to say about gambling shops in campuses? where students go out in numbers to stake games. Despite being aware of the online games. In the society, they're places filled with less educated people and vice versa. So, you may be referring to the environment you found yourself. I think the gambling agents pay immediately compared to playing with the platform directly online. The withdrawal processes and all, could be the reason why most players still prefer to use or stake game in gambling shops. Circling the majority of such gamblers as less educated isn't correct. Unless you mean less educated about online gambling. It may be easy to accept. Most of the educated people, read and write. Yet it doesn't mean they'll be able to do some things by themselves. It's safe to think that any educated person can gamble online. If no one introduce them to it, they may not have the idea. Some before they began gambling online. It'll look impossible to gamble without the gambling shops. Because they don't know it or haven't practiced it. Until a friend show them how the online gambling work. And how many working days it'll take for withdrawal to reflect on his bank account. Maybe not everyone would be able to wait for the processes, as patience has nothing to do with being educated or not. However, anyways, the disadvantage of not being able to wait for the processes, still follows as the example in this thread.
2338  Economy / Economics / Re: Young people needs productive mindset to be happy in life on: October 15, 2023, 05:01:21 PM
The life we live now is so unpredictable, no one can be sure of practicing their desired career from what they have learnt in school.

I think if people really want to be happy in life, expecially undergraduates and young graduate they should learn not to give all expectations of having living job from the government.  If people create the mindset of being creative and productive in this era they will live a more happy life than putting all expectations of getting a dream job from the government.  A productive mindset is what young people needs to make life easy and worth living.


To be able to generate wealth, one must know how to join raw products together to create what people need or want. So, it's natural to make money from being productive. In any form, online, offline or drop shipping. What matters is figuring out the lacking services in a neighborhood, town, or city then implement it and watch profits flow. They're neighborhoods where people buy cooking gas in a distant place. Opening such a shop in that neighborhood would be solving a huge problem for the people there. Yet it doesn't stop the person from venturing into a government job. Generating money from different sources is encouraged for young people. Because most times the income we see online or even offline may fluctuate. A single business may not flourish at all times. Hence, having other little ways of generating money, can be a strategy to sustain us during the hard times in our main business. The mistake young people make is that they enter businesses they can't market. A lot of small businesses, yield huge profits. But, today, everyone wants to start big. Not knowing that making sales is the primary aim of business. Not having a nice office. There think one needs huge capital to be productive. Some home processed drinks still sell out in the market. What matters is having the product. How well organized the place is or how many workers you have is not crucial. Giving the quality product is what makes us more customers. Countries like India with big population, pay so much money to restaurants. Opening a food business in India is very profitable. Managers of such business make upto 1 million dollars, yet maintain a low key lifestyle. Agriculture is also nice, and requires few capitals to fit into the market and scale.

On the side of the courses we studied in school. Graduates fail to offer what they've learnt in school as a service. And, also, not searching to get hired, they've concluded within them that they is no job out there. A lot of good courses; computer science, mathematics, business, agriculture etc are easy to monetize as a graduate. Only students who don't know much about their discipline would see no light in venturing into the course they've studied in school as business. Consistency is what makes us successful in this era. Hence whatever we do, it's important we stick to it. One day can level up or level down one's enterprise.
2339  Economy / Gambling discussion / Re: An agent is no where to be found. on: October 15, 2023, 01:30:57 AM
I understand that gambling shops are popular in some parts of the world like Africa and Eastern Europe... people visit these shops to place their bet via agents of the big casinos and betting companies. A good percentage of those who patronise these shops are the elderly and less educated people who do not know how to go about registering and playing online. So they are constrained to patronise these shops.


A good number of knowledgeable players use these shops to stake games. Mostly for virtual games. The interesting thing about gambling shop is the social activities. Some gamblers would want to discuss with other like minds. It's fun. But, these mistakes is what keeps most people like myself away from gambling shops. Although, while in the shop the agent can pay cash, or convince the winner to come the next day. I think the agent used such technique to dismiss the player. Then made his moves to wherever he is today. Leaving behind the gambler. Since nobody helps them in booking the game, then most of them are learned people. Managing such a business is not easy. It requires a high management skill. A lot of gambling shops crumble, and they'll be waiting for a big win, boom rug-pull. He can't take giving out huge amount to his customer and remain with no fund. Adding that the money came through him. You see, these agents have a plan B. Some will shut down and never pop up again, while others can be opening from time to time. Reasonable agents while away work hard to replenish their customer, such as to open their shop again. Volatility can happen in their business, and not being able to hold the money and utilize it well, can be a problem when a huge amount is meant to be paid to a winner. I know they have their own profits, each play. With good business strategy, they'll have enough left to take care of wins, without feeling like stealing it. 

Above all, the agent should be penalized by the company. Their moves affect negatively the reputation of the gambling platform. If some shop survive the business, and see great profits through it. I think those who have difficulty managing such a business, know little about the business. Before setting it up. Some rush to hire multiple staff, which managing them would be another expenses. So, while using gambling shops, we need to know who we're going to their shop. Whether they have good reputation and history.

2340  Economy / Gambling discussion / Re: Online Casino Crypto gambling on: October 15, 2023, 12:13:10 AM
With the skills you'll still need some luck. Even the poker player require luck to win. Although when we win, it's like the skill helped. But, unlike other enterprise, a skill doesn't work often or is not certain of playing out same results. The method that got you a win, may get another lose when applied again. Hence, gamblers should think fast and follow their instincts. Most times I doubt my instinct while playing roulette games and my instinct was right. I lost the game. It works like the house knows our next move. Hence, being 100% sure doesn't exist in gambling. That's why most players wager for a long time, so they'll definitely win, at some time. Every, almost, member that gamble use bitcoin to stake games. Because the casinos accept bitcoin. And are also advertised in the forum. A lot of casino reviews exist in the forum too, helping users to make the right decision when choosing a casino. So that you could get a reliable casino, that'll provide some winnings to spice your day.

 
Does anyone here really utilize these online crypto casinos to place bets in bitcoin and have you had much luck with it? What have you found to give you the best odds in winning? Is there any skill involved in any of their games or is it all purely chance?

Yes, there are lots of people who already won a huge amount in gambling. Are they lucky? Yes.

It won't be called gambling if everything is that easy to achieve. Though luck is really necessary to win big, there are gambling types where strategies can be applied such as sports betting, card games, sports, and any types of strategy-based games. In these games, you are not relying purely on luck but there's a method where you can increase your winning chances.

If you are asking what gambling type gives most gamblers the best odds of winning, and you will follow it for the sake of testing your luck, that's a wrong move. You should choose a gambling type that you feel comfortable playing with. We are risking our money here that's why at least you have an interest in what you are gambling for.

Same with the number of members who have lost lots of money in gambling. And it's as a result of not understanding how gambling works. Certain advise that sounds like techniques or gambling skills rove round the forum looking for addicts and lose chasers. Outside cutting loss techniques, and maximizing wins. A strong and reliable skill of winning games doesn't exist. In football, a lot still lose money. Despite looking like a game with nice odds of winning. Yet most big losses come from sport games. People gamble with emotions in sports, which affects their winning range. They bet always on the side of their team to win. It's wrong gambling. Your team cannot win all the time. Some bet because of a player they love is in the pitch or will be. These things makes sport games, complex to win. They'll have to figure out ways of analyzing their opponents too. Then follow it up with possibilities of who will be the winning team. Any injured player, top player, in the team. These weaken the strength of a team. With such analysis, a player can be a bit sure of who they staked their money.
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