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2401  Economy / Gambling / Re: 🔮 Futuur - Predict the Future! 🔮 on: December 30, 2020, 02:03:37 PM
I just came and entered the Futuur site, quite oddly enough by predicting in the field of politics, yes but it will be a strong attraction for everyone who often watches or reads in the world of politics, I just found a site like this, strange idea but unique
When you do try to look everywhere,then everything do look strange yet these are bets which its results would be too long for it known.

Unique idea indeed because if you do try to look the number of predictors then you can really see that there's some interest to it.

Good thing that they do add up their on site coins for someone to test out but if you arent fan of using tokens then you can bet out with real bitcoins.
Some might find it uninteresting due to long results of bets but there are people who can really wait up.
yes it all depends on a person's personality, and if their hobby likes to discuss politics, they will definitely wait for the results of predictions, but only a small percentage of people like things like this but it does exist, because generally many people with a short time on their bets



If developers focus more on making  prediction/betting market acts as a solution to important problems rather than a place for the greedy and gamblers to converge then such sites might end up becoming really useful to societies.
2402  Economy / Economics / Re: NFL Player Salary Paid in Bitcoin on: December 30, 2020, 01:46:12 PM
Hope he is did that for good reasons rather than just to make quick money from the bull run.
Good reasons to be doing that could be for diversification sake, to use Bitcoin as a store of value, etc.
Hopefully he has done his risk assessment and is certain the amount is worth investing
2403  Other / Off-topic / Long Comment/Post with multiple Quotes on: December 24, 2020, 05:26:10 PM
Man, those things can be boring to read... I mean replies that quote lots of comments on a single post.
I never really like posting that way. I try to make my replies and quotes as short as possible for easy reading and in order not to bore readers. I hardly even read lots of the long post with many quotes, and I try to avoid creating them. Even a long reply without any quote can sometimes be boring to read not to talk post with many quotes.

Maybe 2-6 quotes on a single reply is ok?

2404  Economy / Trading Discussion / Re: Who are the 1% of traders who earn with trading? on: December 24, 2020, 04:36:44 PM
I would simply invest the $100 long-term and forget about it... then use additional fund held in stablecoin for gradually buying dips/lows, and probably selling high. This method usually turns out profitable especially on established crypto like Bitcoin... And it's not that difficult to learn.

Not difficult to learn, but hard to implement in reality. Typical example would be (I don't mean you, but the average trader) - you keep $100 for long-term, and have $100 for active trading ("gradually buying dips/lows, and probably selling high"). Then you put the second $100 into something, and price moves not how you expected. You sell (if smart, others will continue to keep - increasing the loss). Then you decide that it's time to re-enter and you are confident about that, so you take $20 from "long-term" because expect to earn $40 - enough to recover "long-term" fund + make money on active investment. Then you lose that also. Then with a strong desire to recover the "long-term" fund, you will take more risky and less reasonable bets thus magnifying your losses and faster depleting the overall fund.


I prefer not to spend all the $100 for active trading at once. Will simply keep it ($100) in a stablecoin and probably use a small part of it (maybe $10-$50) on daily/weekly basis for buying significant dips. If price continues to dip significantly, I would continue buying. When it start moving up again, I will probably start selling some gradually. This (buying significant dips & selling significant highs) repeated many times can easily earn you significant profit every month.
2405  Other / Off-topic / Re: Aside from "making money", what else brought you to crypto space? on: December 24, 2020, 03:12:26 PM
I was brought into this crypto space like others for making money but I liked the idea of being my own bank.

When I learned about the Blockchain technology I knew I was going to be in this for the long run.

Ofcourse.
There are other ways to make money online without getting involved in Crypto, but when you realize that you don't have much control or say over the system, crypto becomes a more attractive and safer option.
2406  Other / Off-topic / Re: what do you do to keep fit ? on: December 24, 2020, 02:57:31 PM
I'm little fat now, but before that i was running every single day. This was keeping me fit, good looking and healthy.  
I'm an overweight guy and after all of those months of being stuck at home. I didn't do anything to make myself healthy and fit.

But I've discovered that myself became fit this time, although I haven't lost a lot of weight but swimming makes me feel well. I'm not a good swimmer and still learning at my old age but it's helping me cope up and making me tired a lot which means that it's working for me.


Swimming seems to be fun way to have long exercises without the body easily getting tired, unlike other ways of exercising.

My favorites kind of exercise these days are exercises that involve solving problems via physical hardwork, which helps keep the body fit at thesame time.  In my opinion, it's better to spend that energy efficiently on exercising the body while solving other problems at thesame time  rather than just exercising the body.

2407  Other / Archival / Re: ... on: December 24, 2020, 10:48:12 AM
One of the main reasons Bitcoin is safer is its Ideals/features, which seem to be opposite of the ideals of "traditional currencies".
I think they can exist together though, especially if the traditional currencies are still useful and can be improved in the future.
2408  Other / Off-topic / Re: USB External Harddisk warning related to water on table ! on: December 24, 2020, 10:11:47 AM
P.S.: I write this message because I believe external USB drives might become popular to store blockchains on... but apperently it is not without (major) risk ! Wink =D


You mean like also running a Blockchain from USB drive, or just storing an entire Blockchain on USB drive? Something like that should be possible, I will be surprised if the former hasn't been done already. Sounds good and doable.



If you are worried about the harddisk getting damaged by water, you probably should water-proof it with additional covering... I wonder if such covering exists in any form? I remember watching videos of people spraying some sort of "liquid" substance on their devices to water-proof them. I don't know if that really works and is reliable.
    Or you could search for water-resistant external storage device to see if that too exist and is affordable
2409  Economy / Gambling discussion / Re: Sport betting site offering bets on the Covid-19 pandemic. Worst site now. on: December 24, 2020, 09:25:35 AM
I have even seen a site where it is possible to bet on the number of infections from the virus.
I don't remember the name, but people are becoming more and more innovative and come up with the most strange ideas.
But where does the statistics comes from? are the data's reliable or also provided by the site?if they are providing their own Data about covid Infections then They really have a problem in mental ..

You will fabricate data's for the result of your own betting, and if the government Data they will use,leakage may happen because there might be insider that will release the data earlier than the site result, for me this is a total mess

Never a good idea to allow financial bets on disease/problems worsening in the future. Predictions like that should be done by  trusted and reputable people. Unfortunately, human judgment is not very reliable and can't be trusted...unless GOD uses a human.


2410  Economy / Gambling discussion / Re: Do you rely on the odds when placing bets? on: December 24, 2020, 09:00:38 AM
I don't always rely on the odds, because bookmakers sometimes intentionally underestimate the success of the leader, or vice versa - overestimate the success of the loser... This is often seen in football...

Interesting.   This is part of the reason I think it's better for bettors to do their own research rather than completely trust given odds.
By the way, the bookmakers estimations/calculations may not be intentional... could be unintentional wrong calculations or estimations.
2411  Economy / Gambling / Re: Looking for others input....... It's a bit long but really would help on: December 24, 2020, 08:31:30 AM
Did you mistakingly placed bet from one site to another while trying to withdraw 1.8 Litecoins  or you just unintentionally placed bet on a casino through a different site?
I think if the site has provided the service and the coins you sent to the casino for the service is the actual amount they charge for such service, then the casino did nothing wrong by not returning the money to you. And if casino didn't decieve you to unintentionally place the bet then it did not wrong you.
This now depends on whether the casino has gone through the case (which you said is unintentional) and know whether you are telling the truth or not... And maybe consider you alittle. But if the casino decides not to go through the case, it is still within the owner's right.
2412  Economy / Trading Discussion / Re: Who are the 1% of traders who earn with trading? on: December 23, 2020, 04:47:37 PM
[
I would simply invest the $100 long-term and forget about it... then use additional fund held in stablecoin for gradually buying dips/lows, and probably selling high. This method usually turns out profitable especially on established crypto like Bitcoin... And it's not that difficult to learn.
Its not that difficult to learn but it would really require some time for you to take grasp even on the most basic or simplest idea of it.You wont really be able to do this stuff if you dont have the slightest idea
on how its done.

I dont believe on that 1% traders are successful because we wont be seeing soo much liquidity into this market on daily basis if there are lots who do losses up in the market.

This might be only applicable on other markets when it comes to chances but not into this market.There are lots who do make money and of course loses are much more in quantity than to those
who do end up on making profits.

Important thing is that you do sustain yourself into this market in utilizing price movement for your profit making opportunity.


I think the 1%(or whatever percentage) should applied to traders who make consistent profits betting on the price of crypto... Or people with strategies that can be overall profitable when repeated multiple times.
2413  Economy / Economics / Re: A reward system for Covid Free people.... on: December 23, 2020, 04:07:38 PM
Also this sort of payment requires a regular thing and also stops people wanting to get tested.

But I think the government wouldn't let this happen so they will probably add a rule that people need to be tested first and wait for a period of time to get a reward. This reward system would actually force people to want the test.

But this reward system would be unfair to those who actually needs support which is the victims so I don't think it will work (unless they do the same with system with the victims).

In regards to the bolded, that will probably mean little to no incentive for people to do what is right, unless maybe you're paying just the victim hospital bill (no extra reward for victims to spend on other needs like how those without the disease will spend theirs)... or you're paying the disease-free ones more.
 Reward doesn't necessarily has to be monetary.. You could get people to accumulate/lose points for doing what is right/wrong and the good points can be used to improve their reputation in mostly health related areas, or the points could earn them more values/privileges when they're accumulated to certain level.
I think the reward system will need to be rule and evidence based. You find someone/people taking big health risk(or breaking important health safety rules) in public places, you capture them with special anonymity-friendly/privacy-friendly camera, you earn some points and the ones breaking rules lose points.    Better to do this in decentralized manner in form of Citizen Cams or something.
2414  Economy / Economics / Re: Money Is Political, Not Technical on: December 23, 2020, 03:04:57 PM
I guess the political aspect is part of the reasons fiat is what it is today. If competent people are allowed to run/manage national currencies the way money should be managed, money will likely be fair for everyone. If money is allocated to the wrong areas, or used wrongly, there will always be consequences which affect everyone or most people depending on the money system.
This is why I think the right money system should be transparent, open, decentralized, immutable, rule-based, Merit-based, etc to prevent/discourage misuse.
2415  Bitcoin / Bitcoin Discussion / Re: Bitcoin Electricity Consumption on: December 23, 2020, 10:33:50 AM
I read that alots of the miners depend on clean/environmental-friendly energy sources. I think it's important to know how true this is and whether most of the miners rely on clean energy sources. If they do, then I think the price wouldn't matter much assuming the hardware required for mining doesn't keep increasing in size and in energy consumption without commensurate or sufficient increase in the usefulness of Bitcoin or without sufficient increase in the "value" Bitcoin is generating for the world/network.
2416  Alternate cryptocurrencies / Altcoin Discussion / Re: Rebase Coins on: December 23, 2020, 09:43:42 AM
Been trying to understand what problems they really want to solve with coins like that... Is it to keep price "stable", lower volatility or something else?
I think a less complicated and more effective way to maintain the stability of a cryptocurrency(assuming that's what they are trying to achieve) would be to pay people (in another coin/token) to hold when supply of the main coin increases while demand decreases. And you could get the holders to sell at a set price when demand Increases while supply is low.
Participants coins could be automatically locked during decrease in price of the Coin and you pay them in another coins. Locked Coins can then be automatically unlocked when price of the Coin is going up to cross a targeted price range.
This is repeated always to keep volatility moderate.
2417  Economy / Gambling discussion / Re: Sport betting site offering bets on the Covid-19 pandemic. Worst site now. on: December 23, 2020, 08:50:08 AM

Betting/Prediction Market  need to be moral otherwise desperate people will do all kinds of unimaginable evil to win their bets.
I won't be surprised if there are people who can go to the extent of destroying human lives just to win a bet on whether or not certain number of people will die at certain time. This kind of moral problems should be anticipated and tackled

Don't want to bet on this kind of stuffs and I see evil on it since imagine that you are kinda happy to see more infections if you bet on that side to win and for sure you will pray that your threshold count will be reached. I discourage people to bet in this option since this is truly sensitive idea to do so.

And I'm not surprise about seeing them last for short term only since if they are not created for scamming then they are just there to take advantage on the current issue.



Exactly. That is one of problems. There will definitely be people who will be happy making money off people's pains and misery with their wins.

I'd be happy to see people bet on what kind of drugs, treatments, safety measures etc will be the most effective and safe. Will be good idea to have bets tied around solving problems with good solutions.
2418  Economy / Gambling / Re: 🔮 Futuur - Predict the Future! 🔮 on: December 23, 2020, 08:26:54 AM


Even myself would really be having those kind of doubts when you do make out some future bets and letting your funds or money sit for too long just because you do just wait on what
would be the result of such event but somehow this site doesnt really force you to make out some bets though and also there is some on-site alt or coin for you to make use
on making bets and if you are fan of taking some picks about these future events then you can bet out using those without risking money but if you do like for some thrill then
you can choose to make out some deposits but of course you should be aware that every platforms doesnt really guarantee to last up that long.

They should come out with future prediction that is short term in nature, long term prediction will make your money sit out in the site for a long period of time I would not even think of sitting my funds there, when I can do day trading, I have not yet registered on the site and it looks interesting because this is the only dedicated prediction site that I've known.

Wish they use a self-custody approach that let bettors bet and lock their funds on smart-contract and never have to worry about something happening to the fund during the period of the long-term bet.
2419  Other / Off-topic / Re: Aside from "making money", what else brought you to crypto space? on: December 22, 2020, 04:48:16 PM
Financial motive was secondary for me otherwise I would be as "wealthy" as my younger siblings whose jobs are never really my kind of thing, even if you pay me double what they currently earn..


Do you have your own family mate? do you have people relying their life on you? If does then there is something wrong here,Because we are Making money for them so anything that will offer us more than what we are having as long as legit? then we will grab it.

but if you are still single? then i understand your stand here.

Really sorry if that makes you feel bad. I wrote that to let others understand how much I care about my ambition. No amount of money will make me abandon it. I wonder what life will be without fulfilling it. 
I prefer the family part to be private matter.

2420  Economy / Trading Discussion / Re: Who are the 1% of traders who earn with trading? on: December 22, 2020, 04:30:00 PM
The only way to kbow you make a reasonable patient is when you wait till the market bullish is back and you are not selling at lost price but selling off quick to invest elsewhere is a habit of impatient and the 90% of traders with no sufficient portfolio management knowledge that make such decision are among the traders that later quit.
Meanwhile, it better to invest elsewhere using a new capital while you keep previous invest till it green again.

That's not the best decision either I think. It's like you invested @ $100, then it turns to $90, you want to keep waiting, then it turns to $80 - you wait, $70, $60, ... and @ $50 (for example) your position gets liquidated for instance. But you could sell @ $90 and keep the cash or invest elsewhere. Plus, there's time value of money here too.

As I mentioned somewhere here earlier a joke that "every bad trade ends up being a long-term investment".

I would simply invest the $100 long-term and forget about it... then use additional fund held in stablecoin for gradually buying dips/lows, and probably selling high. This method usually turns out profitable especially on established crypto like Bitcoin... And it's not that difficult to learn.
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