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2521  Bitcoin / Bitcoin Discussion / Re: My greatest fear about Bitcoin Halving. on: February 02, 2023, 01:05:31 AM
A halving without effects would mean the demand for bitcoin is decreasing, while what we see in fact is exactly the opposite. Demand for bitcoin is constantly increasing on long term and so far there aren't any evidences which lead us to believe investors are losing interest for btc. Halving is already an historical event which always brought the same positive impacts to bitcoin market. In order to speculate the opposite I think we should have a past halving which didn't trigger a bull run next. All the chances are at bitcoin's favour in this case.
2522  Economy / Economics / Re: How to thrive with low income in a humble area on: February 02, 2023, 12:20:24 AM
Hmm, how do we call this thing, being lucky or truly unlucky that a pack is so cheap? It's usually around 5-7 for a pack here depending on the blend. I'm usually against taxation but making things like alcohol and tobacco cheap for countries with low income shouldn't be a thing, normally one should think of making them even more prohibitive than in rich countries where they can afford this, but it seems like every politician wants to keep those cheap
Panem et circenses to keep the masses happy.
Lucky or unlucky, it depends on the point of view, I guess. Cheesy

Even though cigarettes' costs here are much cheaper, the corresponding percentage to taxes is already quite high: it can reach to 88% of the product's costs, depending the state of the federation. It's considered the good with highest taxation of the country.

Anyway, I suppose the quality of the cigarettes you have access in your country must be superior (composition, ingredients, blend, texture, etc).

Also, despite cigarettes being cheap, there are people who still go for cheaper illegals ones from international smuggling. Can you believe that? Tongue

Yeah, you have low costs with gas and probably bike transport, low wages, if that is applied to a high-density populated area you can bring those fees down, anyhow I have zero delivery fees here for some only shops but it still can't beat in store prices, at most it'ss the same prices but you will never get a better deal online alone for groceries, most real good deals are of limited availability and not even feature in the app as they are sold out in hours.
Second, most of the chain stores have a 20-50% discount on products near the expiring date, those are only for in person so somebody in desperate need of savings will still go to a physical store.

I still think that the best way to save is by what you buy not really what method of shopping you use.
Transport is mainly done through highways by trucks. Diesel costs about 1,30$ per liter. Wages are minimal for most workers involved on the process, that is true. The point is that there are many warehouses being built by different delivery companies in key positions, so they can supply the largest number of cities around in a minimal time frame, with reduced costs. There is also a lot of partnership among different stores, so when looking for a product in a popular shopping website, they will contact an accessible partner who has the product you are looking for and he will execute the order.

Physical stores are more expensive because you pay for the seller's comission who treat you physically in loco.
2523  Economy / Speculation / Re: Bitcoin 12,000 in 2023. on: February 01, 2023, 08:50:00 PM
Bitcoin has almost hit 24,000$ in the end of January, what could have been its best January performance since 2013, at least. Instead, we saw a correction back to 22,000$ price range, although right now bitcoin is already recovering again, back to the 23,500$'s, in this February month which started with an intense positive fluctuation.

Now the expectation is that bitcoin hit 24,000$ sooner or later, consequently maintaining the positive trend which has started in January and continued during the whole month. I don't see signals which could indicate bitcoin is going to drop for now. The market is looking better and better each new day on this new year of 2023.
2524  Economy / Gambling discussion / Re: Best ways to source online gambling affiliates (New Casino) on: February 01, 2023, 07:33:51 PM
Many gamblers reach to crypto casinos as referrals from a promoter through reviews' websites, banners or pop ups' advertisements, signature campaigns on this forum, streaming and videos in general's platforms, social medias' posts...  There isn't a guaranteed recipe to follow. You have to have a popular advertisement tool, what involves a large audience under your disposal, so they will have access to the content you promote, that is, your referral links.

The maximum number of people I referred to a gambling website was 468. I did it through posts on Facebook, promising to share the largest portion of the comission I made from referrals with themselves. So, you also have to offer them some benefits in order to make them sign up through your personal link.
2525  Economy / Gambling discussion / Re: What is your take on this crypto gambling use case idea? on: February 01, 2023, 06:58:43 PM
Another thing about this idea:
Using a native token exclusively could make the casino to highly depend on the speculative market to handle their bankroll.

In short, if they token is having a good month in the market, then in theory the casino is having a good month, it also works in an inverse way. More than a casino chip, the token would behave like a share of the casino itself.

Even if the casino decided to keep some reserves in USDT, those are likely to be obtained by selling the native token itself, which could discourage people from buying in fear of a big sell by the casino (which is a whale as I previously stated).

It is better just to stick to Bitcoin and popular alcoins which people are happy to use already.
This idea is really too risky. If the casino isn't able to maintain a stable routine of gamblers on their platform they are going to suffer with severe volatility, what will definitely discourage gamblers from playing there or from holding their native token for long periods of time.

Casinos' projects which developed native tokens and promoted it as a good investment for holders have already failed before, if I remember correctly it happened with a titan casino from the early years of crypto called BetKing.

On the other hand, if the developer has a very creative idea of a gambling game, which can become popular in an unique way, I still think the idea of launching a native token can be successful.
2526  Economy / Gambling / Re: I accidentally deposited to self-excluded stake.com account. on: February 01, 2023, 06:34:29 PM
There is 1 thing you guys are missing here.

Once the 1 year self exclusion ends OP will be forced to gamble with the funds because you cant deposit and withdraw without having made a 100% rollover.

"The player needs to wager 100% of the value of their deposit in order to request a FIAT withdrawal."

So basically they say we have to respect the self exclusion but once it's over you have to gamble to receive your funds.
On the one side he now has a 1 year "safe deposit" but to get it he will have to risk it  Grin .

That's a problem.



But the ultimate question is, what was ops intention in depositing the money into the casino, from all sense, it is obvious ops set up a self-exclusion on that casino and moved on to another casino wanting to make a deposit and he mistakenly sent it to the self-excluded one.
*this is obviously the case here so all that the ops can do is to wait out the self-exclusion timer and once the 48 weeks as mentioned by ops is reached he will have access to his funds again.
I guess it shouldn't be that hard to gamble 100% of the deposited value in order to withdraw it, if OP still wants to give a break from gambling after the self-ban expires. He just has to execute a relatively safe strategy focused in wagering amount, instead of profits. And then, next time that he can be more careful before depositing at casinos where he has activated the feature. And in case he has issues with gambling addiction, that he seeks for help immediately.
2527  Alternate cryptocurrencies / Altcoin Discussion / Re: how the name of Bitcoin is spreading globally! on: February 01, 2023, 06:03:31 PM
On the other hand, it's kinda misleading as well, specially for newbies who see the bitcoin gold logo and investigate and then began investing thinking that what they are putting their money is the true bitcoin.
And even though bitcoin logo and format are open source, in my opinion what this businessman is doing is a kind of plagiarism. If he wanted to support bitcoin somehow, he could have added a bitcoin logo in small size on the packages of his products, with that popular saying "bitcoin accepted here", within a deposit address and QR code, but never putting bitcoin as the brand of his business.
2528  Alternate cryptocurrencies / Altcoin Discussion / Re: how the name of Bitcoin is spreading globally! on: February 01, 2023, 04:53:48 PM
That is the brand of the chickpeas used by the businessman behind it. Probably he discovered bitcoin online and created his own brand using its name and logo. I found another similar product, which must belong to the same business company:


https://saraswatitraders.com/brands

Probably it's a marketing strategy to captivate bitcoin enthusiasts to becomes their customers, due to the sympathy they have for bitcoin's aesthetics.
2529  Economy / Gambling discussion / Re: Being Lonely drives you towards Gambling....! on: February 01, 2023, 04:40:52 PM
It's normal to be sad if we're experiencing hardships in life and feel lonely if we don't have anyone besides us but relying on the comfort of gambling will not make the situation better. We can only feel more disappointed if we will have losses because we are too emotional. There are still many ways to ease our loneliness and gambling should not be our solution.
It looks like OP is facing a hard time in his life due to his mother being hospitalized and urdergoing a surgery, so his mind needed a relief for a brief moment and gambling seemed the perfect choice on that situation he found himself. I really see no issues on that, since it could be benefical for him, however, he should just have been more careful with the amount of money he was going to risk. To risk the whole month's savings is never a viable alternative.

Maybe he should have just allocated a minor budget for gambling activity, like 10% of the savings.
2530  Economy / Service Discussion / Re: Crypto lender Celsius mulls possible restructuring amid financial woes on: February 01, 2023, 03:50:36 PM
Celsius announced earlier today via Twitter that certain amount of users will be able to withdraw 94% of their assets, while court will decide about the rest 6%. Here is the list of those who should get (part) of their money out https://cases.stretto.com/public/x191/11749/PLEADINGS/1174901312380000000181.pdf. It seems like only those that had up to $7,575 and additional criteria (full list of criteria is in that link) are eligible for withdraw so I hope some of you that have money there meet those. Few people I know that have money stuck there unfortunately don't.


https://twitter.com/CelsiusNetwork/status/1620627975388696576
Additional criteria is to have the money in a "custody account', instead of an "earn account", what means these people who are going to receive their money back had their funds idle on platform, simply using it like a wallet, while the majority of users had their funds in earning mode for interest income.

The amount of money Celsius is going to pay back to custody accounts' owners is insignificant on the bigger picture.
2531  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency - Healthcare on: February 01, 2023, 02:19:50 AM
Healthcare and crypto has been always a present subject of discussions on this environment, due to its sensitive nature and precarity in most countries of the world. As crypto is seen as possible financial solution in the lives of its adopters, instantly we tend to believe it must also bring a solution to healthcare system. However, so far I don't see any practical usages blockchain could have in order to maximize the efficiency of healthcare in our countries.

I believe what could make the difference is investment from governments or private companies on technology regards this area, so new devices and kinds of treatments could be developed and introduced in our local communities. However, I fear it's not through an ICO money raise or pump and dump token scheme that we are going to see improvements on this area.
2532  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 01, 2023, 01:15:29 AM
I had 3 losses in a streak with the maximum winning probability chance of 94,06% and got rekt anyway. The odds are always against the player, doesn't matter how benefical they seem at first glance. That is why we should play only with surplus money, so nasty unexpected losses won't affect our budget and emotional too much. Never gamble an amount of money you don't know how long you are going to take to recover it.

I remembered losing like almost half a BTC during the BTC crash. From a total of 15 bets on Dice via Martingale ;_;
Sorry for your loss, multiplier game is a really treacherous one. It seems everything is under control, until it suddenly isn't anymore. In my case it was 1/10 of a btc lost and I already felt a huge pain in my heart, now I can't even imagine how it feels losing half btc. In my case, it was really tempting to keep playing in an attempt to recover the loss, but I calmed down and imaged the potential outcomes could be even more destructive, totally compromising my long term goals and FUN token experiment.
2533  Alternate cryptocurrencies / Altcoin Discussion / Re: Best platform for virtual Communities on: January 31, 2023, 11:36:33 PM
Bitcointalk forum is the best source for news and informations regards crypto universe, because it's not solely composed by shillers of determined crypto projects and services. By being here, you aren't inside a bubble where everyone agrees with each other all the time, what could potentially put you under risk of being encouraged to dangerous investments, what is a common practice in closed centralized groups where the admin bans or censors anyone who starts talking stuff which are going against their interests.
2534  Economy / Economics / Re: How to thrive with low income in a humble area on: January 31, 2023, 10:46:18 PM
I'm curious about how things are on your side because a lot of things don't really make sense and I'm really curious how things work in your country. The first is obviously not a western one since if you say it's not unusual for people to spend 1$ cigarettes, with that you can barely buy 2 or max 4 cigarettes a day, that's well below the average smoker, for your average smoker in that area that would be more like 5-10$ a day.
I'm not a smoker, so I did an average calculation considering a cigarette pack costs about 1$, as I found prices varying from 1$-1,60$ and I know people usually smoke a pack a day (20 cigarettes).

But at the same time, you claim that online shopping is cheap, so you have the infrastructure in place to order cheaply and with free delivery, and you have as I remember from the other topics really expensive cooking oil and others, so, there is a lot of things that don't really make sense on a whole. I simply can't picture the country with cheap cigars, and chap shipping for online groceries but expensive ones on par with western prices.
It depends on the season. Sometimes a price of a determined good is expensive, but after some time its price decreases and the price of another good is raised. I guess there is some market manipulation involved on this process, although another factors are used as excuses, like pandemic, lack of rains, excessive rains, global crisis... The cooking oil (900 milliliters) now is about 1,30$, as I bought it yesterday.

Prices also depend on the brands, of course. There are prices and products for every pocket's sizes.

But I have to say the shipping system is getting better each new year. Delivery is getting faster and costs remain acceptable, as the state's courier/post office's service lost protagonism and private companies and individuals are taking its place (example of delivery fee: a bit less than 1$, just now for a smartphone purchase).

Ps.
Those are not advices on how to "thrive", more like to survive.
Actually, if you are able to save money and invest in a weekly or monthly basis, you are thriving. In slow steps, but thriving anyway...
2535  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Shiba inu get to $1 on: January 31, 2023, 08:01:58 PM
~
It's a kind of centralization crypto investors used to avoid on the early years of this industry, but now they are blind for SHIB, maybe due to the incessantly advertisements and talks about it on social medias, especially Twitter and Telegram groups.
Majority of the alts falls under this category, developers and their promoters will be holding majority of the coins created out of thin air and they will rally as long as they are keeping their advertisement in social media active, literally selling snake oil disguised as a cryptocurrency  Cheesy. These sort of topics would pop for Dogecoin in the past and now for Shiba is just laughable.
True, and there are people who still don't understand why Bitcoin is the king of crypto universe and none altcoins have enough potential to overcome it. The fact developers hold the largest portion of their creations, make Bitcoin even more unique and valuable. And although Satoshi is also believed to hold about 1.1 million bitcoins (I believe that is just a theory, though), something around 5% of total supply, those coins are likely to be never moved around for speculative or personal gains' purposes.
2536  Economy / Economics / Re: How to thrive with low income in a humble area on: January 31, 2023, 06:45:06 PM
Are you for real? maybe this is applicable in your locale, but in my location, It is easier and most times cheaper by some amount when you buy most items from a physical store. Some online vendors have charges plus you also have to consider delivery charges that you must include for your order unless there is a free delivery offer.

As for the recommendations, I generally agree, but whether online shopping is less expensive depends on your country (it's not in mine, plus you usually need to pay for delivery).
Just as a matter of curiosity, how much do you pay for delivery fees in your countries? If it weren't for the fees, would it still be cheaper to purchase at physical stores? Here in my country I also pay for such fees, but adding them to the goods' costs, it's still more convenient shopping online.



This post is solid, simple and on point. I love the graphics too. If I had merits to award you right now, I definitely would.
A humble place is not a place where flamboyant lifestyle would thrive. Finding yourself in such a place first reiterates your background or struggles and it would require one to be ambitious enough to be able to upscale this kind of area.
Habits do alot here. It will make one or break one. When you spend more than 10% of your income to accommodate a habit, then know that it is one that should be strictly regulated or replaced to accommodate your finance.
Avoid buying too much luxury or properties you don't really need, because if it doesn't consume energy, it will create distraction for you who has goals to achieve.
Live creatively. Learn to fix things that become faulty and turn scrap to aid efficiency.
Here's my take on how to thrive in a humble area.
Thanks, glad you liked it! It's the thought that counts! Your input is highly appreciated on this thread! Smiley
2537  Economy / Service Discussion / Re: Crypto lender Celsius mulls possible restructuring amid financial woes on: January 31, 2023, 05:19:13 PM
The token would exist to repay creditors, and would represent a claim against Celcius' assets.

Celsius is currently in Chapter 7 liquidation bankruptcy, the idea is that it would change to Chapter 11 bankruptcy and would resume operations.
That is trickery from Celsius.

Creditors don't want to be paid with this token. Creditors want another plan for Chapter 7, so this company can be finally liquidated, all the assets held sold and the profit given to creditors (in bitcoin, preferentially, or dollar) proportionally to their holdings on the platform.

There isn't a reason for Celsius to resume their operations, since it was proven it's not a legit business. What happened previously would happen again futurely, if they resumed operations.

There are presumably already hedge funds, and other entities buying up claims from former customers, this token would make the pricing of the debt more transparent.
I still don't understand what is the point of having a worthless token as middleman on this negotiation, besides it being sole trickery from Celsius.

Hedge funds and other entities pay in btc, and btc is transferred to creditors. No tokens are needed on the process.
2538  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Shiba inu get to $1 on: January 31, 2023, 05:04:05 PM
I also keep hearing about this Shiba Inu. It is becoming very popular and the developers probably have deep pockets as they are sponsoring some ads. But the answer to the question is a big NO. But maybe it happens in the next 100 years or so. Don't get misled by its price of $0.00001188 because it also has an abundant supply that brings the whole market capitalization to around $7 billion. Shiba Inu is already ranked 15 as the most valuable cryptocurrency which means it is already expensive and its room for growth in the next bull run is limited.
I believe SHIB is still top 15 in crypto market, because it's under strong manipulation by whales. I've seen some news telling a SHIB whale has moved almost 30$ million of dollars in SHIB in a single transaction recently. That is almost 10% of total volume on the hands of a single investor.

It really doesn't worth to be part of an investment which concentrates so much influence power for few individuals. It's a kind of centralization crypto investors used to avoid on the early years of this industry, but now they are blind for SHIB, maybe due to the incessantly advertisements and talks about it on social medias, especially Twitter and Telegram groups.
2539  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum drop gets me worried. on: January 31, 2023, 04:33:52 PM
My worry right now is that, is it going to drop worst more than it has already and what are the chances of it pulling up within the shortest possible period?
In my opinion, besides bitcoin, ETH is the currency that is accepted by the free market with the largest adoption, it has formed almost a habit among most investors or even adoption.  There is nothing to worry about in ETH.  The current drop is in the cycle but it is short term.  I think you should stop watching the price often and reduce the stress.  What is your plan or strategy it will determine your status!
That is due to the fact ETH network is heavily used by crypto developers to launch their own tokens. It's the most popular chain for altcoins' development. It makes me believe ETH isn't going to be overcome soon by any other competitors. So far Ethereum is following Bitcoin trend, also rising in price. It has come from 6300$ on 1 January to 8000$ on the currently moment. That is almost 30% price increasement. Looks decent for me.
2540  Bitcoin / Bitcoin Discussion / Re: A day for representation of Bitcoin on: January 31, 2023, 02:31:58 AM
So what is the effect after the pageant ? is that help their country having more adoption ? because I believe that they are still struggling to make EL Salvadorian (majority) to adopt crypto/bitcoin? and still the government is pushing them to carry.
I guess this only favor us crypto lovers but the EL Salvador people still not on it.
But Yes I am one of the most happy for this action from miss universe candidate as it was broadcasted worldwide and will replay many times over and over so adtoption and advertising will increase more.
We are only going to see a major positive effect in El Salvador once bitcoin rises to a superior price level than the ones Nayib Bukele bought, thinking it was the dip. By there, we can expect a lot of criticisms from salvadorean citizens (with reason), because the president made an unprofitable investment with funds from the public vault. Citizens there are against bitcoin yet, because they haven't seen its potential on long term.

Meanwhile, bitcoin enthusiasts are doing their part, like the responsible one for the costume of the miss representing the country.
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