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2401  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 04, 2019, 12:43:39 PM
That's what I call luck!
As they say, from rags to riches (and in just one lucky roll). I'm curious if it is possible to set a higher payout or is it the highest possible? Regardless, congratulations to AlbertTrotta for making it (as well as giving us a bit of hope)
For becoming hopeful, there is no need to see such bets. As the game is provably fair, every number from 0.01 to 99.99 can be the outcome. Also, we cannot say this user is lucky because we don't know how many times the user has bet before hitting this number. Should check the profile.
Payout can be set from 1.0102 to 9900.

Hitting that payout itself is a lucky already no matter how long the user try to hit, why we cant say that he is lucky to hit it? Do you mean that he is lucky enough if he hit it just after he start hunt the payout (with few bets only)? I would even say that someone is lucky enough to hit even if he need hundred thousands of bets before he hit it eventually because hitting big payout is something rare, not all players are lucky enough to hit although they try it every single day

Someone's got it right finally

It is a purely psychological thing that works on us here, not on that user as it is about our perception of luck, i.e. how we perceive it, not how it objectively exists (or doesn't, for that matter). But it should work on that user too. And even if statistically his chances are in fact pretty high to hit so high a payout after a few hundred thousand bets (inquiring minds can come up with the actual probability on their own, it should be on the order of a few thousand bets), it would still feel like a stroke of extreme luck. This is how our minds work since after hitting a few thousand losses, we would have long lost all hope (and probably stopped rolling altogether)
2402  Economy / Trading Discussion / Re: Is Technical Analysis Bullshit or Not? on: October 04, 2019, 09:41:28 AM
people who dont understand technical analysis say its bullshit

people who dont understand investing and trading say investing and trading is a bullshit

The question itself, well, actually both questions quoted are too broad to elicit any definitive answer, like a stringent no or an emphatic yes. For example, following the trend is statistically a winning strategy and finding a trend is surely the task for TA. But does that mean that TA is legit on the whole based on that premise alone? To put it differently, if some of the TA tools and methods are not working most of the time and when they do, they simply follow the broken clock pattern, does it render the whole TA invalid and useless? The point is, if TA helps you earn dough, stick to it. If it doesn't, stick to something else

As the saying goes, if it fits, wear it (and don't ask silly questions)
2403  Economy / Economics / Re: Can Libra Disrupt The Financial/Economic System? on: October 04, 2019, 07:38:23 AM
Theres millions of active users, shops, services, and all sorts of monetizable things on facebook. When Facebook's Libra is launched everyone on the platform will be exposed to it and everyone will eventually use it. Imagine paying for everything online and paying with Libra

There seem to be a lot of ifs

If Libra becomes a sort of in-game currency (like many others out there in role-playing games) without a gateway to real world (read, we won't be able to convert it to fiat), it won't be of any particular help to all those users, shops and services. On the other hand, if it is exchanged freely to fiat as well as accepted everywhere on par with regular currencies (think PayPal, eBay, Amazon, etc here), it will be a game-changer for sure (and a cause of much pain in the ass for everything that it will compete with)

Also, Facebook has enough monetary reserves to give good promotional offers for Libra. And this can attract hundreds of millions of users, if not billions. Libra will be the cryptocurrency equivalent of Uber or Lyft, and may be able to increase its market cap and user base rapidly once it is listed

Should we thus be looking for libratalk.org soon ("make posts and earn")? Has one been registered yet?
2404  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 03, 2019, 08:23:33 PM
That's what I call luck!
As they say, from rags to riches (and in just one lucky roll). I'm curious if it is possible to set a higher payout or is it the highest possible? Regardless, congratulations to AlbertTrotta for making it (as well as giving us a bit of hope)
For becoming hopeful, there is no need to see such bets. As the game is provably fair, every number from 0.01 to 99.99 can be the outcome. Also, we cannot say this user is lucky because we don't know how many times the user has bet before hitting this number

Why does that feel like a wet blanket?

We all want to hope and we all want to believe in our luck, even beyond hope. Seeing someone being that lucky (as we perceive it) is what makes the game worth it for us personally. Otherwise, why would we want to bet at all? We all know that we are set to lose eventually, given the house edge and enough time, and it is only through luck that we can win. Well, you can also try martingale but your mileage may vary

Payout can be set from 1.0102 to 9900

See, there is hope for the better!
2405  Bitcoin / Bitcoin Discussion / Re: Why are big leaders now opposing cryptocurrencies suddenly? on: October 03, 2019, 07:50:36 PM
It seems to me that, first of all, governments are worried that attackers should not use cryptocurrency to the detriment of the state and people.  First of all, we are talking about tax evasion.  After all, this is done by fairly large businessmen who hide unaccounted for millions of dollars in cryptocurrency

But how likely is that, really?

If Bitcoin was as stable as gold and remained as anonymous as it is (which is not given), it would definitely make sense. But since Bitcoin is as unstable as a chair with three legs, it may turn out to be too expensive a tax-evasion device. In other words, you may end up ever so much better off overall by paying these fucking taxes than trying to evade them with Bitcoin. But that doesn't mean cryptocurrencies don't get used for other criminal activities, of course (though the American dollar is the undisputed champion in this department)
2406  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 03, 2019, 05:07:45 PM
That's what I call luck!





As they say, from rags to riches (and in just one lucky roll)! I'm curious if it is possible to set a higher payout or is it the highest possible? Regardless, congratulations to AlbertTrotta for making it (as well as giving us a bit of hope)

The high rollers list today looks looks impressive with insane payouts of 99% and probably for the same player. This is so crazily ridiculous that has gotta be shared

I would look into that
2407  Economy / Gambling discussion / Re: The secret of gambling? on: October 03, 2019, 12:24:17 PM
~
Now back to gambling. The inability to control emotions is much worse of a problem than acrophobia. If you can't control your emotions, you can get in trouble several times per day even living on a desert island, let alone in a city. So, I think, curing the inability should be a top priority for anyone possessing it

And this is where opinions vary strongly

And the prevailing one seems to be that we can't voluntarily control our primal emotions like fear or anger once they have been triggered (so-called refractory period). So we basically have two major ways of dealing with such emotions. The first way is to avoid the trigger completely (whenever possible), while the second way is to come to terms with our inability to consciously control these emotions and through this reduce their negative impact on us by letting them run their course and expire on their own. The implication is that we make things only worse by creating positive feedback loops if we are trying to vigorously fight such emotions. Indeed, in real life you can combine these two approaches depending on the specific circumstances

Actually I can't see where our opinions vary strongly. Smiley I am a realist (or at least trying to be one), and thus I don't think that the inability to control emotions can be cured completely. I even don't think that there is a person on this planet who can keep their emotions under control all the time. Yes, in real life we constantly combine different approaches depending on the circumstances

It is not our opinions that vary so much

I mean there are two groups of people advocating quite opposite views. The first says you can control your emotions freely at all times (i.e. stop a certain emotion at any moment) after some practice, the other insists that it is impossible as emotions are essentially complex chemical processes which once triggered cannot be stopped at will. But it doesn't mean that some people cannot be less reactive than others due to their internal chemistry

And while that chemistry could in fact be altered to a certain degree through conscious effort and continual practice, its basic specs remain unchanged as they are hardwired in us. All emotion-control practices essentially aim to affect the intensity of an emotion, i.e. how strong you react to certain events (read, if you get infuriated bigtime somehow, you still won't be able to keep your cool anyway)

I keep thinking about this, besides luck, is calm and daring to take decisions is also one of the keys to success in gambling? I have several friends who are quick and brave to make decisions when gambling when they know that in gambling the chance to win / lose is the same

It doesn't change the odds, so it doesn't really matter if you place your bets in fear or otherwise. At least, this is what statistics tells us (as some may disagree)
2408  Local / Альтернативные криптовалюты / Re: Дни которые возвращают веру в Альткоины. on: October 03, 2019, 12:07:30 PM
По отдельности некоторые проекты показывают периодически рост, но это же не общая картина по рынку. Ну не знаю, о вере в такой ситуации говорить как то не очень.
Вся суть в том, что сами по себе альткоины не могут стать католизатором роста рынка. Пока Биткоин не обновляет хаи, альты лишь демонстрируют синхронное движение за ним. Поэтому стоит лишь надеяться, что Биток выйдет из этой спячки и осуществит все возложенные на него надежды.
Хочется полноценного развития рынка, кучи хороших проектов конкурирующих между собой со своими рабочими экосистемами, живущими в своем ритме

Чтобы было предложение должен быть спрос

Я это к тому, что у крипты весьма ограниченный круг (зачеркнуто) сфера применения в реальной жизни. Технически, конечно, можно придумать какие-то варианты, но они, как правило, утопичны и могут существовать лишь в облаках (зачеркнуто) пузырях, т.е. в режиме хайпа, когда людьми движет исключительно жажда наживы, а не желание что-то улучшить в этой жизни
2409  Economy / Gambling discussion / Re: A cryptocurrency entirely dedicated to GAMBLING? on: October 03, 2019, 11:26:57 AM
But as a universal cryptocurrency, we don't actually need more of them. That's why bitcoin has existed because it's one of the use that it can be applied. As a gambler, you have the choice if that casino has existing token, you can use it if you want but most of us still prefer bitcoin

That largely depends on your gambling preferences

For example, if you bet rarely but squarely (I mean, make big stakes), then Bitcoin might be the best choice for you. On the other hand, for people who prefer to run different martingale setups (like myself), Bitcoin would be the worst choice specifically of its expensiveness. We, simple martingalers, need a cheap coin that would allow us to start small and withstand long losing streaks without busting. So we choose Dogecoin, and its popularity among casinos pretty much speaks for itself even if it wasn't created with this purpose in mind
2410  Economy / Gambling discussion / Re: The secret of gambling? on: October 03, 2019, 08:00:54 AM
Most of us are living in the present moment without ever looking back as to what happened in the past in similar circumstances or looking forward as to the remote consequences of our actions. Gambling is a perfect example of this pattern of behavior, and especially its extreme form which reveals itself in addiction when a gambling addict exists only in the present quite literally, with no memory of the past and with no idea about the future

Controlling those strong emotions that is in all of us is like addiction in gambling, which is hard to control once it became your habit, on a certain situation, you will trigger it always because it is your body and mind reacting to that (or what we called muscle memory), researchers says it is a disease, but it is curable in a procedure that we called "rehabilitation" with also the help of some medicines

This issue has been discussed at length before

The addiction "disease" is completely curable only when a person suffering from it has it in him to fight it (read, no medicine is going to prevent a relapse as it is entirely on the person). The sad irony is that people who become addicts don't have it in them as otherwise they wouldn't develop an addiction in the first place because they would stop halfway as soon as they feel their wellness is being threatened by the misuse or abuse of something (i.e. excessive gambling). In other words, it requires dramatic and permanent shifts in the psychological makeup of an addict to really get rid of his addiction, once and for all (read, it is next to impossible)

the sad part is that if a person didn't know that he is sick or didn't want to believe that he needs to be cured or else, everything about his life would turn into chaos

Most such addicts (e.g. drugs or gambling addicts) are perfectly well aware of their addiction and they still can't do anything with it. This just shows how firmly our minds and thoughts are tied to our body and its desires
2411  Economy / Economics / Re: Paper Bitcoin eth, ltc and others on: October 03, 2019, 07:25:47 AM
Nope.

A physical manifestation means that someone had to physically create it which means they had access to the private keys which means you have to trust whoever came up with them. That defeats the entire point.

Agreed with this 100%.

Once you convert cryptocurrency from digital form to physical form, many of its advantages will be lost. For example, it becomes easier to counterfeit physical coins and banknotes. In the past, a lot of people have tried to convert crypto from digital to physical form, starting with the Casascius coins in 2013. But they were not very successful

Honestly, I'm not very well familiar with the current state of affairs in this department

And while the Casascius coins may have fallen flat on their face, heads or tails (I don't really know but let's trust you on this), OpenDime devices seem to be quite useful if you want to transfer large amounts of coins instantly as well as anonymously, without leaving any trace on the blockchain

Yeah, I understand that these USB sticks (what they essentially are) don't look quite like paper bitcoins or actual coins, but technically, they are physical bitcoins as they can be used as such. As they say (actually, Shakespeare says, so no plagiarism intended), what’s in a name?
2412  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 02, 2019, 07:01:52 PM
However, wolf.bet is brand new already, they don't need to make a new website, they can rebrand themselves as a "not just a dice site" with their current name, I don't get why people think that having a dice in your name must mean you are purely a dice website, there are a ton of websites with weird names that go for only slots for example and that doesn't mean they can't have any other game, they just don't want to.

Wolf.bet has a good name with no dice in it and no nothing so they could just put any game and not worry about the situation of people thinking they are just a dice game website neither. So, it works out great for them

Well, it is not quite our business anyway

So we can only speculate here. As I see it, there is a certain window of, say, a couple of years when adding new games wouldn't hurt the image of the site. But after this window is closed, it might be better to keep things as they are. It doesn't actually have anything to do with the name itself (i.e. whether it has the word dice in it) but rather with the public perception of the casino that will be firmly established by that time

Quick question! What's original about wolf that other sites don't have?

Why not try it out and see for yourself?
2413  Economy / Economics / Re: Taxless society idea on: October 02, 2019, 03:46:57 PM
For normal citizens, this probably portrays, angel's singing in the background just because they've heard "taxless society". But what about those people who are knowledgeable about how tax really works. And how it saved/developed/enriched mankind from ever-growing. If you compare it to a human being, tax is like "oxygen/food/water", it's the catalysts that lets you live. Imagine tax hasn't been implemented since then? What do you think our society would be like? or does even a society will ever exist

But aren't humans social beings?

Doesn't it mean that human society can exist with neither government sticking around nor taxes being levied? In my opinion, this is a pretty solid assumption with the conclusion being that it is impossible for the government (the state) to exist without taxes. But society can do pretty well on its own since quite a few had existed long before both governments and taxes came about

Indeed, it is valid to ask that we may in fact need a form of government at a certain point in the development of human civilization, but given that we didn't have such a need before (in prehistorical times), there is no plausible reason to think that we will always need it in the future (along with taxes)

I'm sure you're having thoughts on the negative part of taxes, but hey, the good part about it is essential to mankind now and removing/replacing it will lead to crisis, not only an economic crisis but as a whole

It is not the taxes themselves which are at the root of the evil but rather how they are collected and spent that people disagree with
2414  Local / Бизнес / Re: Быстрые и качественные переводы English ⬄ Russian on: October 02, 2019, 03:14:56 PM
Кому требуется помощь с уроками (зачеркнуто) переводами - обращайтесь!
2415  Economy / Economics / Re: Paper Bitcoin eth, ltc and others on: October 02, 2019, 01:11:59 PM
Doesn't that violates the whole basic idea of cryptos which was the fact that no one can create it or no one can control it. Moreover transferability too will be hampered with this. Think for example you have one person giving his paper btc to other how will the actual transfer over blockchain take place??

It is the same as transferring the ownership of private keys

The implication being that there is nothing wrong in this on its own. When you give somebody your private keys (and no, you don't necessarily need to know them yourself), quite expectedly nothing gets written to the blockchain. And in fact, it can be a good thing as far as anonymity is concerned. Or bad, depending on which side of the anonymity "fence" (or rather barrier) you are on

Even if you say that there would be some central authority holding all that in blockchain and issuing all paper currency against it then congratulations we are just back in fiat because even the fiat currency today started with this experiment when it was removed from pegging against the US dollar

You don't need a central authority for that. In other words, if these paper bitcoins are backed up by real ones, we will be back to a form of gold standard (let's call it Bitcoin standard)
2416  Economy / Economics / Re: Paper Bitcoin eth, ltc and others on: October 02, 2019, 12:13:59 PM
Fiat is the most convenient and efficient form of money. Bitcoin and other crypto currencies are nothing but a wet dream of people to replace fiat in the future. Right now they are horrible forms of money, and that is almost every aspect.

Another thing is that people don't want to spend something that appreciates in value, which applies to Bitcoin and gold. Fiat on the other hand is something we are incentivized to spend due to inflation.

There is no cloud without a silver lining

If people prefer to spend fiat, say, the dollar instead of Bitcoin, it basically means that they value the latter higher than the former. And there should be a reason for this. So we can't actually say that Bitcoin is a horrible form of money per se. I agree that it sucks as a currency while fiat and more specifically, the dollar, shines in this department. But if we don't consider a currency aspect of money as the only one or the only important one, Bitcoin may not be that bad after all (for example, as a value transfer vehicle)
2417  Local / Новички / Re: Я ухожу с крипторынка on: October 02, 2019, 09:36:39 AM
Дотком тоже случился только один раз

Доткомы на пике собрали почти 7 трлн баксов общей капы, тут совсем еще не пахнет такими вливаниями. Просто нужно ждать, и не жадничать в случае профита, иначе опять все вылетит в трубу.

Капа в данном вопросе не показатель

Показателем является объем реально вложенных в рынок денег, а капа этот объем не отражает, она его искажает, причем существенно. По этой причине затруднительно точно сказать, что на самом деле было "круче" - дотком или крипта. Как уже дальше отписались, дотком - это исключительно (хорошо, пусть будет по большей части) американский рынок, тогда как крипта имеет глобальный характер

все это одни спекуляции и просто электронные фантики некоторые из которых на короткий промежуток могут оцениваться весьма хорошо. Не думаю, что с доткомами все считали их акции фантиками

Ну справедливости ради, Биткоин - это не только ценный мех (зачеркнуто) спекулятивный актив, но и вполне себе рабочая платежная система, главное достоинство которой - ее децентрализованный характер, т.е. независимость от произвола (зачеркнуто) отношения властей. А это какая-никакая, но самостоятельная ценность (в отличие от ее чисто спекулятивной составляющей)
2418  Economy / Gambling discussion / Re: The secret of gambling? on: October 02, 2019, 08:39:06 AM
~If we can't control strong emotions like anger, fear (maybe, greed too) once they are triggered, we should do our best to avoid situations where such emotions arise and take control over us.

That's a possibility, of course, but since it is very important for our daily life to know how control those emotions, we can use gambling as a great playground for practicing the necessary skills. I mean, when someone is bad at math, he can avoid situations where his lack of knowledge may cost him, but, alternatively, he can learn math from engaging in such situations, and this will help him a lot in the future

Well, I can't say that I particularly disagree with your point

Basically, what you are trying to say comes down to rendering a particular trigger harmless, i.e. stopping it from being a trigger of a certain emotion. For example, you may suffer from acrophobia (extreme fear of heights) that makes you panicky whenever you find yourself in a triggering situation (e.g. on the roof of a skyscraper or within close proximity of a panoramic window near the top of that building). Technically, you could work with this fear and probably get satisfying results after some effort (or should I actually say pain and suffering?). But is it worth it when you can simply avoid such situations and happily live with that?

I know for sure that acrophobia can be treated and overcome(a friend of mine has successfully done that). Was the struggle worth it? Absolutely. Living in a city with many multi-storey buildings, it's very inconvenient, and sometimes embarrassing, to have this phobia

But that actually proves my point

Note that it doesn't disprove yours as we are essentially on the same page here. Your friend is living in a city where his phobia is a real problem, so it is worth dealing with and getting rid of. In other words, the circumstances justify the pain involved and effort spent. But what if he was living in a village, small town or even a large city like Washington? Would it be worth the trouble then?

Now back to gambling. The inability to control emotions is much worse of a problem than acrophobia. If you can't control your emotions, you can get in trouble several times per day even living on a desert island, let alone in a city. So, I think, curing the inability should be a top priority for anyone possessing it

And this is where opinions vary strongly

And the prevailing one seems to be that we can't voluntarily control our primal emotions like fear or anger once they have been triggered (so-called refractory period). So we basically have two major ways of dealing with such emotions. The first way is to avoid the trigger completely (whenever possible), while the second way is to come to terms with our inability to consciously control these emotions and through this reduce their negative impact on us by letting them run their course and expire on their own. The implication is that we make things only worse by creating positive feedback loops if we are trying to vigorously fight such emotions. Indeed, in real life you can combine these two approaches depending on the specific circumstances
2419  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 02, 2019, 08:09:01 AM
Still waiting for wolf.bet to add more games on the site, I'm sure adding more popular games will be very nice addition and for sure it will bring more traffic as well as profit to the site

They may choose to follow the PrimeDice route

PD is a dice-only site with Stake.com hosting other games (and dice too). So it may make sense to develop wolf.bet in this manner since the owners may not have enough resources as well as desire to develop other games presently. But after they have, the original wolf.bet will probably have gained recognition as a dice-only casino, so it won't be worth to dilute this plain-vanilla image (or rather taste) but instead start a different site with all the other stuff people would be looking for. That's how things seem to have been evolving with PD and its later spinoffs
2420  Economy / Gambling discussion / Re: Gambling as a profession: there's people who live out of gambling? on: October 02, 2019, 07:02:10 AM
Regarding sportsbetting I know people that trade the change of odds while the match is happening and they make a pretty consistent gains. It requires quite a learning curve, but it's worth it especially if you are passionate about sports

I can only guess the psychological pressure they must be under
Not only in sports betting but any game which involves chance.  Anybody who's ever gambled knows the kinds of emotions evoked either during a winning streak or a complete crapout.  People tend to conceal those emotions pretty well, but that doesn't mean they aren't present.  It's got to be like an emotional rollercoaster betting or playing poker or whatever and knowing you have to come out ahead just to pay your rent and eat

Yep, we can summarize that as follows:

Whenever you are running out of time (sportbetting in the given circumstances, arbitrage in trading, poker in general, etc) and forced to make a decision, you will be under severe stress (which may well end in distress). It is not something which most people can enjoy in general and no one can enjoy it all the time. It is called burning out when it starts to take its toll on one's health. That's where you should stop and probably switch to games (or varieties of trading) where the factor of time is either negligible (as in dice when manual) or doesn't have such a devastating effect on one's psyche and state of mind (turning you into a neurotic)

people who have a family would rather seek income from work that has a fixed salary, they will not sacrifice their families from uncertain income

If this "uncertain income" can last you and your family for a couple of years, I don't see any advantage in taking a regular job. Some people cannot live even on a fixed income, big or small
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