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2381  Economy / Economics / Re: U.S. Contemplating Isolating Russia from SWIFT Banking System on: January 16, 2022, 07:20:30 AM
If Russia gets cut out from the SWIFT,how the Russians are going to get paid for all the goods they are exporting and selling to the rest of the world?Gold,fiat cash or Bitcoin?Nah,Bitcoin is not an option. Grin
I don't really think that Russia and the western world will go to war for Ukraine.A war means that both sides will lose and nobody is going to win.Putin is clearly bluffing against the west,because he doesn't have a plan B.
What's the plan B for Russia?Becoming China's puppet state and main supplier of fuels and raw materials,eventually becoming more and more dependent of the Chinese?
I think that Putin wants to keep all options available and he will agree to negotiate with the western world.



2382  Economy / Gambling / Re: 🔥 PlataØCrypto.io 🚀 - 1st Play to Earn x Provably Fair Crypto-Casino on: January 16, 2022, 06:57:00 AM
OP,you should first finish your crypto casino and your entire play-to-earn NFT gambling project and then announce it on the forum and start promoting it.
"Launching" a crypto casino,which is not yet finished and still in beta phase seems kinda unprofessional.
I see that you want to ride the "NFT/play-to-earn wave",but I need more info about your entire "investment scheme".
Be careful,when using the term "investment scheme" inside a gambling business.This would mislead many people,if it's being used the wrong way.
What's the weird symbol inside your domain name?Why don't you pick a short and memorable name for your business?
I assume that you are open towards constructive criticism.
Good luck with your project,OP!

2383  Other / Archival / Re: Bitcoin makes a loser a winner on: January 16, 2022, 06:35:26 AM
Who the hell would write Bitcoin with a big C,like BitCoin?
Is this the way people were writing the word Bitcoin back 2009-2011? Grin
I can't imagine offering Bitcoin as a prize back in 2011.The guys,who won BTC would have been pissed off by the fact that they have to create Bitcoin wallets,deal with BTC addresses and having to find a way to sell the BTC for fiat money.This is hilarious.
Is this screenshot even real?Screenshots can be faked by using inspect element.
Who the hell is keeping screenshots from Starcraft tournaments,which happened 10 years ago?
This is most likely a joke and Bitcoin was never offered as a prize in such tournaments.
2384  Bitcoin / Bitcoin Discussion / Re: BlockChain and Bitcoin on: January 14, 2022, 07:32:49 AM
Bitcoin is dependent on Blockchain technology for it's full functionality and not until the outbreak of Bitcoin Blockchain technology was still hidden despite it's vast application in the society. Bitcoin is just an aspect of Blockchain technology making Blockchain a network of different innovations built upon trusted database. Remember Blockchain can either be centralized or decentralized depending on the intent of the developers and the level of permission granted.

What are you talking about?
A "centralized blockchain" isn't a blockchain at all.
It cannot be called a blockchain.It's just a database hosted on a bunch of servers.Somebody might call it a blockchain,but that doesn't make it a blockchain.(I'm not an expert on this topic,by the way). Grin
Do we really have to try to explain what Bitcoin and blockchain technology are a million times?
Are we living in 2010-2013?I believe that the vast majority of the forum users already know all the concepts of Bitcoin Core,blockhain,mining,hashrate,etc.
Satoshi left a whitepaper.I wish that all the newbies entering the Bitcoin community could just read it.
If they don't understand something,there are plenty of old posts in the forum around this topic.
There's no point of starting topics,which were ended years ago.
 
2385  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: January 14, 2022, 07:00:40 AM
Athletic Bilbao is the living proof that football is still alive and still not completely turned into a business,where money is everything.I'm glad that they never resigned from the "cantera" policy of signing only Basque football players.Real Madrid is the complete opposite of this.
I really want Athletic to win against Real,but the odds are really low.Real is having a great team and players like Benzema,Vinicius Junior and Marcos Asensio are at their top level.
Athletico Madrid is one of my favorite football teams,but they are facing a hard time this year,despite having such great players as Griezmann and Suarez.
2386  Economy / Trading Discussion / Re: How to make $ 1,000,000 out of $ 30,000? on: January 13, 2022, 12:36:46 PM
Why did you left your Telegram username?Do you want random scammers to contact on Telegram,trying to sell you snake oil and promising you ridiculous 10.000% ROI,if you invest BTC in their shitty HYIP investment scam. Grin
Don't set unreasonable goals and don't expect to win big.
You have already lost money in the Bitcoin world.Your big mistake was refusing to HODL and not believing in the future of Bitcoin.What's the guarantee that you will buy again BTC at 40K USD and you won't sell everything,right after the price crashed down to 20K USD?You have fallen in the trap of of panic selling once,you might fall into the same panic selling trap twice.
It is possible turn 30K into 1M,but the possibility is really low and I don't believe that some inexperienced crypto trader can achieve this.

2387  Economy / Economics / Re: US inflation jumped 7% in December as prices rise at rates unseen in decades on: January 13, 2022, 12:17:58 PM
The high levels of inflation in the US were pretty much expected,after the massive money printing and the COVID stimulus checks.How is the time for the Federal Reserve to raise the interest rates and stop the money printing,quantitative easing and other policies.Unfortunately the federal government of the USA will have to cut a lot of the government costs and try to lower the ridiculous multi-trillion federal budget deficit,in order to fight the inflation.This is highly unlikely to happen.
The devaluation of the US dollar will continue,but the US dollar will remain as the strongest and most stable fiat currency in the world,which sounds absurd. Grin
2388  Economy / Gambling / Re: What are the best ways to choose a casino on: January 13, 2022, 07:11:56 AM
Hello am new here and am interested in gambling but with the rate of scams casino I am finding it difficult to know the right site that don't scam players?

Just look around for reviews posted online an maybe some scam accusations and do your own research.
Which casinos have the most positive reviews and the least negative reviews?
Don't trust most of the crypto gambling review websites,because the only goal for 99% of them is to get affiliate/referral commissions from the crypto casinos,which they are promoting,so their reviews are pretty much biased.
My advise is to stick with the big crypto casinos,since almost all of the small casinos cannot offer something significantly better than the big ones and 99% of the small and newly launched casinos are basically a website template,which has been used over and over again,on hundreds of websites.
2389  Bitcoin / Bitcoin Discussion / Re: My bitcoin achievement on: January 13, 2022, 06:52:39 AM
Is being a lab scientist doesn't give you enough salary?

Well, at least you did the right thing to invest your money while the price is still low and you did gain your profit during bull run. I'm surprised you didn't quit your job as most of the people that who has some testimony here quit their main source of income just to do full time trading in Bitcoin. I bet most of them regret those decision they made since trading is not for everyone.

Anyway, congratulations on your success.

Laboratory scientists are getting high salaries in the western world only.
I live in a country,where lab scientists get average salaries and a truck driver gets a higher salary,compared to a scientist(which is ridiculous).
Anyway,congratulations for your success,OP.
Perhaps theymos should create a "bragging" section on the forum related to all the people,who want to brag
about their financial success thanks to Bitcoin. Grin
This house looks really modest,but buying your own real estate with the help of Bitcoin is a great achievement.
I wish I could buy my own house with BTC,but I've wasted too many opportunities to gather more money.
I just sold my BTC at the wrong time.I wish you could buy a lambo with your future BTC profits. Grin
2390  Economy / Economics / Re: Is PayPal plannning to Launch of Own Stablecoin? on: January 12, 2022, 12:37:01 PM
I have a 10 year old Paypal account and haven't been using this account in the last few years(since I've discovered Bitcoin).I'm thinking about deleting that account,since I don't use it anymore,but I'm confused about the possibility of using this account for something in the future.
I live in a country,where Paypal isn't accepting crypto payments.I guess that all the "Paypal has become crypto friendly" thing is still in the US only.I don't care about Paypal since 2016/2017.I wouldn't care about them even if they create a centralized shitcoin.
This is definitely a clickbait article,but if Paypal really wants to launch their own token,let them do so.
Calling this centralized "coin" a cryptocurrency would be a big mistake.
2391  Other / Beginners & Help / Re: IS it possible to let your BTC work for you ? on: January 12, 2022, 12:11:36 PM
You can't eat the cake and keep it at the same time. Grin
Investing always involves risk,which has to be compensated by getting profits,dividends or interest from your investment(there is always a risk of losing your investment).
You cannot invest money and keep that money at the same time.Depositing money in the bank or buying stocks aren't an exception,because the bank might go bankrupt and the company in which you have a stock share might go bankrupt as well.
There are BTC lending services like Nexo or Blockchain.com,but I can't vouch for them,since I haven't tried them yet.There are some DeFi projects like BlockFI,but I don't trust them.
Other forum members are recommending Proof-of-Stake altcoins,but I've never really liked that concept.

 
2392  Economy / Gambling discussion / Re: Teaching your kids to gamble. on: January 12, 2022, 07:06:11 AM
Quote
The answer will be "no" for most users, but truth is that in reality, most parents who gamble teach their kids indirectly to gamble without knowing, how

This is true,but some parents are more responsible than others.
I don't have kids,but if I had kids,I would never teach them anything about gambling.
Kids have underdeveloped personality.They are too vulnerable to different kinds of addictions.
If you say to them that something is forbidden,they would want that "forbidden fruit" even more.
The only solution to this is to not give any money to your children(except for food). Grin
They can gamble,but only with their own money and only after they are old enough.
I don't know about a flood of teenage gamblers.I don't know where did you find such data and how can you verify it.Most of the kids/teenagers don't have money to gamble.Clearly somebody must give them money,so they could gamble.
2393  Bitcoin / Bitcoin Discussion / Re: Establishment of an organization for victims of Bitcoin fraud. on: January 12, 2022, 06:42:05 AM
This is a pretty old idea that hasn't been successfully executed yet.
So you want to create such organization,but how the organization will actually help the victims and how the organization is going to be funded?Such organization cannot act as a police or FBI.It cannot investigate cases of scam.The only thing it could do is to gather some vague info about the scammers and create some sort of blacklist(or maybe doxxing the scammers info online).You don't need a fancy "organization",in order to do this.
Such organization cannot have the power to refund the money back to the victims of scams.
Why are you focused on Bitcoin fraud only?Most of the scammers are switching to shitcoins,tokens,NFTs and other sorts of pseudo-crypto scams.
2394  Economy / Trading Discussion / Re: P2P without KYC (high values) on: January 11, 2022, 12:09:53 PM
The sad truth is even when the P2P exchange platform doesn't require ID verification,many traders on that platform will require ID verification(on the first trade with them),because they don't trust you and are too afraid of getting scammed.Wanting to buy big amounts of BTC can also raise some reg flags,especially if you are using a suspicious payment method that can be reversed.
Perhaps you should lower your expectations and try to buy smaller amounts of BTC.Be careful with the traders  with whom you are dealing on P2P platforms.Some of them might be scammers,even though they have multiple positive reviews and great feedback/reputation.
2395  Economy / Speculation / Re: Will Bitcoin Price Enter the $30k Area? on: January 11, 2022, 11:44:45 AM
The current Bitcoin price is 42K USD after several days of staying in the 40K-41K USD area.
We can't use this info to come up with predictions about the price recovering back to 50K.The possibility of the price dropping below 40K still remains,but this is going to be a slow drop,rather than a nosedive price crash.Both options(drop and increase) are still available,but I would bet on a winter price drop followed by a spring price increase(if there is no FUD,and the pandemic won't go out of control).

I Will be one of the most Happy person if that level reached , Imagine from 68k drops to 30k or below? that is more than 50% discount to buy again  Grin Grin Grin

while others are praying for recovery I am praying the opposite and that is the price to drops more and more, and actually Was looking for 20k level or even lower  Grin Sorry for the Bitcoin expectorant but I wanted to invest more this year.

Yes,there's nothing to worry about,if the price drops below 30K USD.Cheaper Bitcoins to buy and to prepare for the next bull run,which will happen sooner or later.
The people who are worrying about a big price drop are those,who don't believe that Bitcoin is going to survive in the long run and hit another ATH.
2396  Economy / Economics / Re: Peter McCormack: 'Bitcoin has WON the war on money'. Do you agree? on: January 11, 2022, 07:35:48 AM
In a recent interview on the Futurati Podcast (https://youtu.be/TLHPzPbu5JU?t=848) Bitcoin heavyweight Peter McCormack claimed that Bitcoin would beat out fiat, gold, and other cryptocurrencies to become the money of the future.

Wondering what your thoughts are.

I definitely don't agree that there is a "war" between Bitcoin and fiat money(or between BTC and any other financial asset).There is no "kill or be killed" on the financial markets.The investors have choice and they could choose both BTC and traditional financial assets,in order to diversify their portfolio.
Bitcoin outperformed traditional financial assets,but I don't think that Bitcoin is ever going to completely "destroy" them and make them obsolete.
All those bullish predictions about Bitcoin becoming "the money of the future" are just what they are-opinions and wishful thinking.
2397  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: January 11, 2022, 07:19:39 AM
Mourinho said a few weeks ago that he has only 13-14 top level players.
He obviously blames the club owners for not having enough good players.
I guess that's how Mourinho is,always putting the blame on footballers and never admitting that he is guilty as well.He lost his status as a legendary manager after his disastrous season with Chelsea.
This season of Serie A is going to be really competitive and unpredictable.
Juventus have made a great match,but I don't think that their good performance will be consistent.
I can bet money that Inter will win this season of Serie A.
2398  Bitcoin / Bitcoin Discussion / Re: Why bitcoin has value in the market? Some food for thought! on: January 11, 2022, 06:55:00 AM
Why do we have to start the same old discussion about how awesome and unique Bitcoin actually is?
All the things mentioned in OP's post are mentioned before.Repeating them again doesn't make sense.
I'm pretty sure that 90% of all Bitcoin buyers and investors don't really care about mining,blocks,hashrates,blockchain technology,utility,etc.They are buying BTC because they are expecting to sell it at a higher price in the future and make some profits.This is the main motivation behind buying and HODLing BTC.The scarcity of BTC has a really important role for the Bitcoin price.Without scarcity,the Bitcoin price would be close to the Ethereum price(around 3-4K USD).
2399  Economy / Speculation / Re: are we going to have "fear" months? on: January 10, 2022, 12:52:25 PM
Quote
i can't predict the impact of all this on the price since the current $41k is already way below what the actual price should be

Do you have any idea of what the ACTUAL Bitcoin price should be? Grin
I think that the current BTC price is the actual price.What happened in October/November was a price bubble and the 69K ATH price wasn't sustainable.The price bubble popped and we are now witnessing the actual price of Bitcoin,which is around 40-42K.
Yes,we are going to have "fear" months,but that's OK.
Bitcoin proved that it cannot serve as a safe heaven or as the perfect protection against inflation.
It's still a great volatile and risky asset,which outperformed all the other financial assets,but definitely not a safe heaven or inflation protection tool.
2400  Bitcoin / Bitcoin Discussion / Re: Will owning 0.01 BTC really make you rich? on: January 10, 2022, 12:30:24 PM
Owning 0.01 BTC won't make you rich,because:
1.The Bitcoin price will never hit 100 million,10 million or even 1 million USD.
2.Bitcoin wasn't supposed to be a "golden ticket" to wealth.Satoshi didn't create Bitcoin for this purpose.

I'm wondering why are you asking this question.
Do you think that being rich is the main purpose of life?Do you think that your life will have a meaning,after you hit a certain level of wealth,when you could afford luxurious things?I don't think so...
What is your definition of being rich?Having a bunch of high value assets and doing nothing all day long?
A person with a meaningful life is more wealthy than a millionaire/billionaire with a meaningless life.

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