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2461  Economy / Economics / Re: The Problem with Mainstream Banks and a New Alternative | Fluid on: February 19, 2022, 01:12:57 PM
Interesting content. Although I wish people would stop defining cryptocurrencies as an "existential threat" to the banking industry. It doesn't have to be a scenario where cryptocurrencies and banks enter a gladiator colosseum and only one leaves alive. Coexistence remains a possibility.

I fully agree with you. Why does it always sound like we have to choose between traditional banks or the crypto world? It's not like one of the two is going to disappear in the next years. Both systems offer benefits for the economy that should be used by consumer. We as the consumers should choose the most beneficial from banks and from crypto currencies. Nothing wrong with having an online bank account with 0 fees and a depot with very small trading fees. The traditional banking system with large number of sales people might not survive, but low cost banks to take care of your own finances will. At the moment we can't survive only with crypto currencies and no bank account all. Offering alternatives to the traditional banks will help to bring down fees faster.
2462  Economy / Gambling discussion / Re: Blackjack Discussion * Different Types of Live Blackjack(Evolution Gaming) on: February 19, 2022, 12:36:47 PM
Sounds interesting, it's always great to see new casino coming up with main focus on blackjack. I am a fan of blackjack since high-school, when we were playing during math classes and looked at the possibility. With Blackjack I tend to be more profitable than with roulette or dice games. Card counting is usually not an option in online gambling because we don't see the decks and the shuffling. When you say there are unlimited seats and games offered, does it mean there are also infinite decks used? Normally a casino uses 6-8 decks to play blackjack. So the chance of getting the same card multiple times in a hand very limited. But when using unlimited decks it could be that we get the same card many times.
2463  Economy / Gambling discussion / Re: Why I can't access a casino while my country isn't got blacklisted? on: February 19, 2022, 12:02:38 PM
I noticed something similar in my country, gambling is legal here and we have quite a few online casinos operating. Just some of the big casino names I can't access or create no account. This is probably the case due to different regulatory requirements here compared to other country. It's not a small gambling market and still the casinos seem to view the higher regulatory costs as a burden to setup shop here. I find it sad that gambling laws are not unified across all countries that allow gambling. Would be so much easier if we all could  play the same games at the same casinos. I would advise against using a VPN, the risk that it gets detected and all withdraws will be blocked is high. Losing all the gambling budget like that would be devastating.
2464  Economy / Services / Re: [OPEN]FortuneJack.com| Signature Campaign | Sr. Members+ ~ Earn up to $100/Week! on: February 18, 2022, 11:58:29 AM
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2465  Economy / Services / Re: [OPEN] Chips.gg Signature Campaign | The Ultimate Crypto Casino | Sr. Members+ on: February 18, 2022, 07:17:44 AM
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2466  Economy / Gambling discussion / Re: Drake Wagered $1.3 million in super bowl bet using bitcoin on: February 17, 2022, 09:13:30 AM
Nice, I always enjoy seeing high roller betting slips. So this what celebrities betting looks like compared to my 30 USD betting slips. Seeing that doesn't make me feel poor at all  Cheesy Even if I don't like his music so much, he is very successful and can do what he wants with his money. I wonder how many Drake fans are now going to start betting with bitcoins. That he does his betting with cryptos is a good thing, free promotion for bitcoins. It's also another sign that most online betting is done with crypto currencies these days. I wish I could reach such profits one day.
2467  Bitcoin / Bitcoin Discussion / Re: Am I the only one who loves BTC but hates the Metaverse idea and the NFTs? on: February 17, 2022, 08:46:39 AM
Also the NFTs are a waste of time and money, I wouldn't buy useless digital shoes and buildings. I love BTC and have diamond hands but these 2 things I'm not a fan of and I know I will never be. Society needs to become wiser not dumber.

I understand your frustration, bitcoins and NFTs are two completely different things. NFTs don't have one fixed value, there are very subjective and the prices we see today might be too much. But who can give the exact value for an NFTs, it can't be 0. Just because you don't believe in them doesn't mean everybody else is also not believing. As long as there is one person on earth willing to pay for it, is there value in the market. Let's look at a different example, skins in online games. Why would anybody pay 50,000 USD for a very rare cosmetic change to an online game? There are no benefits in skins and if you ask my parents or grandparents the value for it would 0. And still there are collectors paying a lot of money for them. You could just install a mod on your PC for free that gives you that skin, only thing is that you don't own it and can't trade it.
2468  Economy / Trading Discussion / Re: What did you learn about crypto trading? on: February 16, 2022, 08:04:49 PM
I learned a lot about trading since I started to invest in crypto currencies. Before going into cryptos I had a little experience with trading stocks and futures, but nothing compared to the fast moving crypto markets. There are some rules I learned over the years being involved with: First, don't put all your money into one projects, it is better to spread your the funds across multiple projects to reduce overall risk. Second, even after spending tons of hours reading and researching about a new project and the market conditions, we can never know everything, it helps to prepare for some uncertainty. And third, take a break after losing money. It is very hard to consistently avoid emotions and not to think about mistakes when we lost money. Usually when having a bad trade we try to recover that money, what in many cases leads to even more loses. When focusing on losses we forget about risk and get tunnel vision.
2469  Economy / Economics / Re: Bitcoin failed to fulfill the purpose it was created for ? on: February 16, 2022, 07:31:19 PM
At present some big online marketplaces accept bitcoin but from being an alternative payment to fiat currency I think we are still behind. We also saw many countries are hostile towards bitcoin and china baned everything related to bitcoin. So china's ban on bitcoin shows that it's free from govt control or its the opposite? Bitcoin can really be the alternative to fiat in spite of this extreme volatility?

You are right that Bitcoins were created to be independent currencies and free from government control. As that they are fulfilling their purposes. Governments have no part in our crytpo transactions with bitcoins, the only thing they can do is ban the use in a country. With that companies are not allowed to accept bitcoins anymore and also the mining is shutdown, but the transactions between two individuals is hard to control for the government. A ban on crypto currencies is never to 100%, there are ways to circumvent the ban. And bitcoins can't do anything if countries decide to ban it, it's part of the game. China is not the best example here because their own currency is not traded freely. The governments intervenes if they feel that the value of the Yuan is too low or too high.
2470  Bitcoin / Bitcoin Discussion / Re: How will u feel if d price of 1BTC exceeds $1m by 2030 as its made legal tender on: February 16, 2022, 07:04:55 PM
Though question is that, who knows what is going to happen in 8 years. Bitcoin price reaching 1m USD would be another milestone in the world of crypto currencies and probably the best case scenario we can hope for. I am not so optimistic. Don't get me wrong, I also believe that bitcoins are going to rise in the next years, just not as high. The most important thing of course would be not sell your bitcoins in the next 8 years. Nothing would be more devastating than seeing Bitcoins reaching 1m and having sold all the coins before that. I would expect with a prices so high, that many of the original HODL investors would start selling their coins and buy new houses and apartments. Would be interesting to see if bitcoins could remain above 1m for a long period of time.
2471  Local / Deutsch (German) / Re: Ledger Gutschein Raffle - 25$/€ - 16 slots on: February 16, 2022, 08:53:53 AM

Damit dürfte der Gewinner haloxon sein, wenn sam00 dies so bestätigt.

Glückwunsch @haloxon zu dem Gewinn, mögen wieder einige Coins sicherer auf einem neuen Ledger verwahrt werden  Cool


Da war doubleU aber schnell.

Glückwunsch an haloxon. Kannst ja vielleicht mal schreiben wie zufrieden du mit dem Ledger bist. Habe mir auch schon überlegt auf den umzusteigen.
2472  Alternate cryptocurrencies / Altcoin Discussion / Re: NFT's are not a good investment, better get out ASAP on: February 15, 2022, 11:17:42 AM

Over time, only very few people will buy such pictures and NFT's will get very hard to sell because nobody wants to buy old NFT's in a few years. Why should someone still pay high prices for such pictures?
I really don't know if NFT is a good investment and buying NFT's right now looks very high risk.


I agree with you that people should do a lot of research into NFTs before buying them, so they understand what they are getting themselves into. NFTs are not Crypto currencies which you can buy and just sell in a second on a exchange. Like you said, there is a lot of risk involved, but this risk doesn't mean it's not worth it to get into NFTs. Rather than looking at NFTs as a some crypto project, I would look at NFTs as art. When buying paintings or other form of art, the market doesn't move very fast. It takes time to match the buyer and seller and the price is very subjective. Also, everybody can buy a fake painting and put it up at home, but there is only 1 original. Same goes for the NFT, everybody can just copy&paste it, but there is only 1 person who actually owns it. As for any investment, we need be aware of the risk involved and there is no guarantee to make a profit.
2473  Economy / Trading Discussion / Re: Keep calm and buy the dip! Told yah. on: February 15, 2022, 10:26:47 AM
Staying calm and don't act on emotions is the best advice for trading. Technical analysis is a great tool to identify trends and barriers that help a lot in trading. Unfortunately we humans are irrational from time to time and will not think with the our brains, rather follow our guts. The 40,000 USD barrier in bitcoins looked strong at the start of the year, but still was being breached considerably. Which doesn't mean that buying 40,000 USD was a bad trade. The price recovered since then. For me every opportunity to buy bitcoins below 40,000 is a good trade. If Bitcoins would go below 30,000 USD ever again, I would start switching other assets into cryptos too. Selling some stocks or investment funds into bitcoins would only make sense to me at very good levels, because of the taxes I would have to pay. 
2474  Economy / Economics / Re: Economics on: February 15, 2022, 09:49:53 AM
A lot of countries are releasing/ contemplating to release their own digital currencies. EU is contemplating digital euro, Jamaica is thinking of digital Jamaican dollar.. India has already launched digital rupee..
How these currencies will affect the bitcoin/crypto ecosystem?

Not sure about the short term effects of all these digital currencies, but long term it should have no real impact on crypto currencies. Investors are going to realise that there is no real difference between fiat money and digital fiat money. In both cases a government or instituon backed by multiple countries sits behind them. When it comes to crypto currencies, most of us are interested in the independence and anonymity of cryptos. All that will be lost if we go for government controlled digital currencies. The government's are trying to become part of the crypto world, but investors will likely not buy into it.
2475  Bitcoin / Bitcoin Discussion / Re: I have concluded that all governments together can't stop bitcoin on: February 15, 2022, 07:38:52 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  Grin

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

If you ask me if it's realistic the whole world will unite and ban bitcoins, I will answer a big NO. There is no way at this point that countries like Russia, China and USA all work together on one unified approach against bitcoins. The world is too divided to make something big like that happen. In a unrealistic world where everyone gets along and there are no wars between countries it could happen. Then all countries together could issue a ban on bitcoins and prevent stores or companies to accept and deal in bitcoins. This ban would still not mean that a 100% of the bitcoin transactions stop. I am sure a blackmarket for bitcoins would start to exist where the government has no influence.
2476  Economy / Economics / Re: Gambling with China and US on: February 14, 2022, 12:35:19 PM
It feels like that USA realised they didn't pay too much attention to the Pacific region and let China expand heavily. For China there are two areas they want to increase their power, first economically. They will buy up as many local resources as possible to boost their economy. The second area is politically, by giving out some cheap loans or doing some infrastructure projects in the area. Like this they gain favours China then can use in important UN referendums. China requires support in the UK for their expansionary foreign policies.
On the other side, USA is not only trying to boost it's own influence against China in the Pacific region, but also against allied Country. The story of USA snatching the submarine deal with Australia from France comes to mind. It's all about staying the leading world power.
2477  Bitcoin / Bitcoin Discussion / Re: Bitcoin War on: February 14, 2022, 12:11:04 PM

Do you anticipate a future in which there is a large-scale battle between pro-and anti-Bitcoin nations?


Not at the moment. It might be that countries don't like bitcoins and would prefer investors to buy their own currency. This not how free markets, the government can't force their citizen what to buy and what not. If they would try something like that than there would be large outcry in the international markets and investors would do the opposite. Even if bitcoins are banned you could still switch into Swiss Francs or US Dollar. The government can't control the flow of capital. Also for a large scale war the countries would need to all work together against bitcoins what is very unrealistic. We already have a currency war between USA and China.
2478  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin 🐕‍🦺 1$ possible in 2022 or not? on: February 14, 2022, 11:25:32 AM
I do believe that we will see new ATH this year in the crypto markets, including dodge coin. Once the world is normalising again, crypto prices should start rising again. Most of the investors wouldn't sell their coins at current prices, eventually the downward pressure will stop once all the sellers left the market. Then prices have to rise again.
As for Doge Coin, the question shouldn't be if it's possible to reach $1, but rather if price could stay above $1. Unfortunately I don't think it's possible at the moment. Many investors, myself included, look at the $1 barrier as a chance to make some profit. For many years I have been holding some doge coin, but once we hit the $1 I would sell mine. I expected many investors to think similar, so as we hit that level there should be a large number of sellers who will bring the price down again. The buy orders above $1 will probably be very limited.
2479  Economy / Gambling discussion / Re: Why a single bet is better than a multi bet. on: February 14, 2022, 11:05:07 AM
Thank you for the detailed comparison of multi bets vs single bets. I haven't been using many multiple bets myself and never really thought about the edge of the bookmaker. The only time I use them is when they are free as part of a promotion from the bookmaker. My problem is that usually one leg of the bet is a loss, so I never made money from multi bets. That's probably why I try to stay away from then. Better to make 4-5 independent bets and get paid 3 times than losing all the money. For really experienced gamblers the multi bet might be an opportunity to make more profit, because you need less capital for the same payout. But for the average gambler I agree with you, it's best to stick to the single bets.
2480  Economy / Trading Discussion / Re: Giving Bitcoin to Employees on: February 14, 2022, 10:19:45 AM

Updated -- FEB 9, 2022

Sorry --- the employees will retain their fiat pay checks.  BTC is legal in my country.

The intent is to give them BTC for future savings and growth.  Since there likely isn't much of a return for employees in the future with traditional pensions, perhaps they will have better luck with the growth of BTC they personally hold for the long term.


For existing employees it might be hard to switch some of their pay into bitcoins, but for new employees that could work. When making the salary negotiations you add to the contract that 10% of the salary is paid out in bitcoins. Going the way through a retirement fund is also a good idea. I remember when starting at my current job, I could choose between 5 different funds as investment, 3 mixed ones, 1 stock only and 1 bond only fund. These investment funds where pre choose by the company, so maybe you could offer your employees some crypto funds. In the end it has to be the choice of employees, you can just give them good incentives to go for cryptos.
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