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2461  Economy / Economics / Re: Are you ready to spend crypto when market is down on: October 12, 2022, 03:43:01 PM
Crypto is being spent and its important that circulated BTC is about trade not just speculation I think, it creates a background of supply and demand.    I will spend some and hopefully its getting easier to do so without any hitches or excess fees to discourage people from small general usage.

https://www.theinsaneapp.com/2022/10/google-to-accept-bitcoin-and-crypto-for-cloud-services.html
I saw this today saying Google will take BTC for server payments, thats useful to have as an extra route but needs to be that BTC is commonplace
2462  Economy / Economics / Re: Switching The World To Renewable Energy Will Cost $62 Trillion on: October 12, 2022, 03:37:45 PM
Im not sure it will cost anything extra while including costs to only continue the past methods, in theory energy should become more efficient and cost less potentially.  I get that solar panels have to bought but our current system is about burning fuel constantly so this massive figure appears wrong in full comparison to present costs.  We have massive renewal costs on normal engines and old tech I believe we reduce this cost going forward with better systems.
2463  Economy / Speculation / Re: what is the bottom of this bear market BTC on: October 11, 2022, 08:04:46 PM
When we talk about the bottom, this is a price that might only appear for 5 minutes.   Its a function of volatility, if it rains hard enough your front door can find a river outside it where there was dry land for decades.   An order book that is saturated for a moment can yield extreme prices not thought possible.   A flash flood is possible, Im told in weather the world is becoming more volatile and my argument is so too is this true in finance and all prices;  BTC will have to bear the extremes.
   It wont be forever but the 2019 prices are possible to happen so I voted for that, volume occurring in the teens will be a clue if we are that negative properly or momentarily.

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Eh, the poll doesn't go low enough.

For these prices not seen in years, write down the year it last registered with volume.  Then look up the inflation indexed losses in dollar since that year, its all recorded by gov statistics we wont argue how accurately.   To see the 2017 price in 2022 is nominally the same price but include the inflation index and value is actually lower, paper currency is on fire and losing the edges of each note on a slow burn each year.  At some point holding cash hurts the bearer.

https://www.officialdata.org/us/inflation/2013?amount=1

Over a quarter of each dollar note is burnt and the ash blown away in the wind since 2013 you are this much poorer dollar wise.    This is the low key view, mild estimate as in reality it can be far worse.  Nobody has to care really but price on the graph will be stubborn to return to prices now even lower then the face value.
2464  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 11, 2022, 07:44:34 PM
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weaken political strongholds.


Bitcoin acts in opposition to no one, if a regime is so negative to its own people they have no freedom or ability to prosper then perhaps Bitcoin is seen as an enemy to that ongoing oppression.   Bitcoin providing some utility to the poorest most isolated people this is an entirely neutral bias, we just have extremely negative situations for people in some countries that can resemble mass imprisonment.   Unsurprisingly a military dictatorship does not serve the people, whatever words of equality are spoken its not true for those without military command.
2465  Economy / Economics / Re: At last, Twitter wins the battle!! on: October 10, 2022, 11:49:08 PM
Twitter can be expanded, its not limited to what it is right now.  I cant see the point of buying it without some vision for expansion to its capabilities, not sure it would be another youtube but short videos are apparently preferable in revenue terms anyway and more relevant to the mobile idea it originated with.
2466  Economy / Speculation / Re: Will Bitcoin hit 2022 low again? on: October 10, 2022, 10:30:48 PM
Its not looking good today, we appear to be failing the trend.  I hope we recover before end of week and so the move is negated but yet another trend failure is not expected to lead to any good price action. Im not sure it has to mean a similar low seen prior in 2022, might even be worse but my outlook is negative with this development.



Below all the moving averages, its less clear on a daily bar this is only 4hr but I find 4hr is high enough a time frame often to point to wider moves that might continue.   If Asia corrects us back above 19.5k in a few hours then consider it a false move but if it should snowball into a bigger sell then it looks bad.
2467  Economy / Speculation / Re: Is the future of Bitcoin uncertain? on: October 10, 2022, 09:46:51 PM
Isnt the point that BTC has a set schedule and so its more certain then the unknown politically driven major currencies of the world.  We've seen FIAT paper undermined by the policies of the last few decades to no good effect, the idea being destroying the currency base was less of a negative then allowing unemployment to happen or whatever negative event in the economic cycle would otherwise happen with higher debt and currency value.
   Theres a hidden mine of volatility in currency now because of this false debt buying via QE that will collapse like a sinkhole; plainly volatility will spike making all major currencies will also collapse in their certainty.

  Some think crypto will also be dragged down in this scenario and some believe we will find greater balance and ability to trade when transacted in Bitcoin, hence the value of BTC greatly rises by being completely predictable in its production vs demand.
 Dollar or others continually throw out new money, growth via technology has underpinned some of that by its innate growth (most new money never physically exists hence bankers argue no inflation) but it might prove true that politics can only decline in its influence possibly banned from controlling national currencies.   Some think gold, its not BTC which is the uncertainty its the human reaction part we cant know yet.
2468  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: October 10, 2022, 09:26:17 PM
I got something like 9888 or higher recently twice close together it was very surprising because Im never normally lucky, together with a few golden tickets I cant complain considering I dont roll or make alot of bets overall.  Problem is with the free roll it requires not just 'normal' good luck but when lucky you must then go onto be extra lucky on top to get the final rarified high numbers.  A bit like climbing Everest nobody is much impressed if you make it to the base camp, even if that alone is quite an achievement only the top result counts to many.
   Purely through years alone of trying I will get that final high number, any day now Shocked  
2469  Economy / Gambling / Re: Maybe Yet to be seen? on: October 10, 2022, 05:27:42 PM
NFT I would equate with in game items for games that can be traded on a market.  They can have a monetary value in exchange and in time can be used as gambling tokens, this is all meta from 2014 or earlier and its not new just because of us recognizing the current variant of NFT.  Though its hit the mainstream we've had sites for selective tokens to examine, collect, advertise, exchange, sell, gamble for many years now.   The systems Ive seen have been centralized not really what I would call crypto but still comparable to the ideas proposed now.
   The main problem with the artwork NFT I've seen is they do go out of their way to vary them considerably, thats the main obstacle can an automated website recognize a value possible to gamble with accurately.  Not completely straightforward but like anything if there is demand it can happen, there is some premium to operate this idea say about 5% maybe more to start is probably fair and thats attractive to business to proceed with and deal with any demand to gamble NFT.
2470  Economy / Gambling discussion / Re: Will You Support Casino Operated By The Bitcointalk Members on: October 09, 2022, 11:59:36 PM
My first answer would be no for the same reasons as many member pools I used to join back when mining regularly, amateur hour can be a painful experience for all involved even when I have sympathy for those struggling in running it.    If somehow you can come up with a gambling site that doesnt require handling balances at least to start off with then maybe I believe there is a chance of getting off to a decent start to continue and improve establishing a good site and eventual casino setup.
2471  Economy / Economics / Re: The whole tipping culture in western countries is unfair and totally wrong! on: October 09, 2022, 11:32:46 PM
In some parts it can turn violent if you dont leave a tip, its considered a grand personal insult to the business.  I could never eat at somewhere like that as it would too easily lead to misunderstandings, I did leave a small tip once when I was minimum wage myself and I had no money and it was taken as a big insult.   It is a strange system for most that it could become obligatory and required, I think the guideline is 20% or you will considered to have left without paying the full bill hence the possible violence.
   This is hard to put in words, like I say its on the customer to understand the custom of the land and people they are visiting but heres a video of an upset chef turning violent just for example not that Im saying most people have this bad a temper but I avoid the whole system personally to avoid any possible insult: dont watch with a weak heart nsfw

2472  Economy / Gambling / Re: The History Of Gambling. on: October 09, 2022, 11:02:49 PM
It doesnt have to be all or nothing, I disagree there is a whole range of bets and strategies possible that are more slight then all or nothing.  Poker is very much patience and observance of others in order to win on odds that are never exactly known but guessed hence the gamble but its quite slight not all or nothing imo.  I realize poker often comes down to that face off situation but the opposite of carefully accumulating bets and luck is there also;  I will argue this is true with all betting to some extent you can be careful also.
2473  Economy / Economics / Re: Crude Oil drops below $100 on: October 09, 2022, 08:52:05 PM
.

Although the world oil price has decreased in the past 2 months, actually in my hometown I have not seen a decrease and today I am even more surprised when gas stations in my area are closed because there is no gas for sale. This is the first time this has happened in my area, although when oil prices hit record highs in March/April, we still had enough supply.

In Europe we have this issue of no gas at the station, but not because of the high oil price but because of the companies that produce the gas. They simply want to earn more money, since now they see the opportunity to take the economy hostage and get what they want.

Every commodity can double in price quite easily, unless we are also prepared to declare farmers as the enemy it might be more productive to ask why this can happen and how to prevent it.
  We dont want to go down the road of Venezuela which seized the assets of oil companies and reduced their enterprise and innovation to near zero, impoverishing the entire country instead of improving it.    Supply vs demand, its the simplest thing there is no evil in the basic balance that requires production must also meet the demands of any country for its energy.
   We've known energy security is a problem in Europe for 30 years, Germany mistakenly or  mindlessly leant on Russia for an answer to their deficits and it was a mistake to be led by cheap prices;  correct the mistake move on and improve is all we can do.
2474  Economy / Gambling / Re: Twitch is going to ban most crypto gambling streamers. Where will Drake go now? on: October 09, 2022, 08:40:03 PM

Youtube may block gambling content in countries where gambling is ban.  That is the censorship youtube will do on gambling channels.


Just to clarify, if its law in those countries there is no maybe about those actions they will happen or the company will be expelled from the country.   Google, alphabet, Youtube might be large global entities but they are still the significance of a kid playing in the street compared to a national government compelling you to follow not just guidelines but exact instructions.  Gambling will be banned from any mention in many places no doubt, we only hope that crypto is not treated in any similar way but is regarded as something relatively inert and neutral. 
2475  Economy / Speculation / Re: Will BTC reach 45k before this year ends. on: October 09, 2022, 04:29:19 PM
The bull run end of last year wasnt predicted but was still entirely possible as we had remained in the upper range of prices.   Right now the fight is not to regain the top of the range but just not to lose a foothold keeping us at the bottom.
   Main thing to note there is no trend in play, we cant regain anything as if elastic rebounding; it must be rebuilt from scratch here and its harder to do so.  Old sellers wait in all of the 20k prices and 30k prices, this old volume is like tank traps in the road price cant proceed until its cleared.    Possible, it will happen but not end of year we know theres energy required to proceed upwards & time.
2476  Economy / Gambling discussion / Re: Gambling and Reputation on: October 09, 2022, 01:47:51 AM
Its going into debt which is something that might affect some professional careers, usually finance related or security industry would be vetting employees for this kind of thing.   Some people have to submit credit scoring type questions to find out if you are vulnerable in any way that might compromise the business you are entering but gambling in any moderate way I think is fine.   I suppose some schools would not want their staff to do much at all, drinking alchol many normal things could could as a negative but I dont hear of it being any absolute no.   In a competitive labor market place I've no doubt people like to keep their past times personal to avoid any complications
2477  Economy / Speculation / Re: What will happen to BTC & the rest of crypto if the US will default on its debt? on: October 08, 2022, 11:50:01 PM
They already have soft defaulted but a hard default is a failure to repay even the nominal amounts.    USA will always repay the nominal but obviously we are aware the value of returns is not correct, inflation is above the bond returns hence easily possible a negative return.     Its known to some extent what happens, to repay its debt in the 1920's Germany printed new money which is quite familiar to present events imo; we get massive volatility for many years.
2478  Economy / Economics / Re: Crude Oil drops below $100 on: October 08, 2022, 11:08:48 PM
Many years back way before they printed 25% more dollars into existance and so on, the members of OPEC basically said they were happy with oil at $100.  They werent kidding around it appears, that is their rough guide for where they want oil to be at some kind of minimum for years.   When we slip below 80 heading for 60 they start to lose the balance to their fiscal budgets.    All of these questions will alter in future without a doubt as I know Saudi Arabia especially has massive growth in its population, its entirely different to alot of western countries with sedate or quite severe population decline in some cases.  The demographics or age profile of the country altering changes alot of things, Saudi Arabia moves away from oil apparently they dont intend to expand their production seems like just this maintained $100 oil.
  Iraq is the best chance for large oil increased production in the middle east, its been a wasteland for decades in investment terms.   They could relieve alot of pressure on demand if they uncover and develop a new large oil field, it'd still  take near to 10 years I guess.
2479  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: October 08, 2022, 10:47:00 PM
I can say that it is fair. I got 4th place in a lottery last month and got 0.01428464 BTC with just 175 tickets.


175 tickets is like the difference between an acorn and an Oak, you just got some of the best luck you ever likely to have numerically at least  Grin


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I remember locking my FUN tokens for 90 days few days back. Was it because of that the WoF spins increased early ?

Locking only increases the return amount of the FUN token itself.  Its like interest but purely in its own terms, a scrip dividend that'd be called.     Its possible to gain enough from the lock that it put you up an extra tier if you were close.
2480  Economy / Speculation / Re: Every signal is a speculation on: October 08, 2022, 03:06:41 PM
The more simple the analyis the more reliable it can be, I dont like the signal I dont have a good personal feel for.   Very simple take to me would be to note off the series of highest price, take week, month or whatever but whats the highest price in that period and what is the lowest.  Then we simply say is the series rising or falling in those peaks and lows.
   It might be contradictory or it can add some clarity ditto all these fancy measures and readings.   RIght now I think its quite clear, we got highs descending (every month) and if this latest October pricing tops out at 20k not even 21k this is once again lower; its a negative trend we have to note that bias.   Support can be overwhelmed or heavily challenged if we continue like this, theres no space left to manoeuvre.
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