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I think the fellow fabricated this stories to cover for his carelessness on people's money. It's not possible that he spent all investors money on gambling, he must have used some for personal purposes. It's unfair how they're no trusts available in this space and how people rush to blame gambling for their failure to secure investors' money. He needs to payback affected people, sorry won't add a thing to their account or recover the lost money. He must have gotten addicted to gambling, but that doesn't help in explaining things to responsible people. It's nobody's business if he lost his own money at the course of his selfish interest to gain more profits out of people's money. My advise for investors is to forget about Influencers and work with genuine businesses that has lasted the test of time. A major part of Influencers online not only on twitch has derailed investors into believing that cryptocurrency is filled with untrustworthy people.
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It'll be better to change how you think, for the good of your performance in this forum. They are no members here who derives happiness in criticizing anybody. Every post you see on here are responses and you are not expected to get positive responses from different people. Everyone has a unique response to every single post or thread in the forum. Instead of counting on the responses that doesn't align with your thoughts as criticism, call it the person's opinion and feel good. Because if you continue seeing members as critiques, it can jeopardize your stay here, which may not be good for your purpose here. Keep sharing quality information and endeavor to read all comments as responses no back lashes. Furthermore, no special need for mental fitness other than the average requirement of being able to read and understand. What you see here is nothing to affect your mental health. No bullies or hate speeches here. Having a disagreement on this forum is not enough criterion to melt down your happiness. If you feel that what people say under your thread is harsh just put your computer to sleep and sleep too.
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Completely heard-breaking, I could not sleep for days after such a negative experience. Another reason why provably fair gambling should be the standard in the future, they basically turned this situation into a "word-against-word" one. Have you ever noticed that when a machine malfunctions is usually for people who allegedly won millions of dollars to be given little bit or nothing at all? It is never the opposite way. When would a resort in Las Vegas call a gambler to their room because the 10$ they won earlier were actually 100 million and invite them to go down the reception to receive their cash?  It's always the way to deceive customers, if the said woman lost 10k dollars as a result of the malfunctioned machine the casino won't say a thing about it. The market is quite managed by some dubious people who don't care about the feelings of others. Imagine quenching the happiness, the woman had in her after seeing such an amount, to a sad qualm. It'll be difficult for her to forget such an experience and the trauma may leave her to become fearful of going to casinos. Adding insult to her injury they offered her few dollars that's not humanly in any form. The managers of the Casino are ruthless for handling the dispute in such a disdained manner. They've got no respect for her and even the court shouldn't have kept the case pending till now. The woman and the casino are expected to reach out to an agreement and she get paid for the inconveniences. Not necessarily the jackpot, but something better than the piece of $2 written on the ticket. Finally, she needs a strong lawyer. |
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This has been done right from time; even before CHYMIST got registered in here, but this is still what we got ? Does it mean there's never a time this would end? ..... sometimes i keep wondering how it was before the meritocracy.
Sandra 🧑🦰
Reputable members work strides ahead to stop such practices, especially for users that break the forum rules in the essence of account farming. They've been a member who was tracked down on this thread https://bitcointalk.org/index.php?topic=5356476.0 he had made jest of the forum's merit system by giving merits out to his accounts and vice versa, just to boost his more than 61 accounts, yet not all his accounts were banned. It's quite difficult to trace these activities considering the hard work and time invested by @Ratimov to achieve this strenuous goal of investigating his victim. Though it's worth it for the cleanliness of the forum, but for such a forum like bitcointalk where it's not a strict rule not to farm account it's difficult to wipe out such people like you're suggesting. Considering that it's still feasible to farm account despite the merit system available that means before the merit system got introduced it was a league of spam |
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Op, you sound like BTC price fell for no reason. They were many things that affected bitcoin price like the Terra and FTX crash that affected bitcoin price to hit below 30k and 20k respectively. And it was noted that Elon musk boosted bitcoin price to 60k in 2021 later he took his profits and money back. These are some activities that affected bitcoin price to drop drastically. So, I'd say that since there are known facts to the fall in price of bitcoin, soon it'll correct with other known facts to the bullish run. Remember, Few investors can facilitate the market price into bull run. There have never been a bear market without a bull market and vice versa. Few days back the price had a bit of increase and it could pick up from there. Therefore, this is the best time to buy, and I'd say you shouldn't worry about the market going bullish. It'll definitely will.
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Another good technique is following the writers on social media. If an experienced writer on bitcoin magazine, focuses his art, mainly, on bitcoin trading. It's advisable to follow him on twitter. There you can communicate through their comment section and get first hand answers from them. Gradually, delve into their Dms, a few would communicate with you about some techniques that works for them, which may not have been in their article. This process will help you understand their writing techniques easily, learn from gurus, and make new friends. That is for writers who use twitter for research purposes; polls and questionnaires. Reputable traders can be found on their handles too, and it'll help your trading experience. Don't just depend on the sites focus on the writers. They feed their social media followers with concrete information compared to the sites where they work. I noticed that only a few of these reputable crypto sites mentioned above get comments from readers, their comment sections are always empty. A good observation that readers don't read long articles anymore. Zero activity on comment sections, makes learning difficult. So, Op, get hold of quality info from the trading writers directly on social media.
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I'm not living with it but I know people, friends of friends that are really living through sports betting. With many sportsbook that have come into the market, they're not even in the forum.
But, they're making a lot of money through commissions not just from literally gambling alone but also by having referrals. So, that's two way for them.
You now have the idea that it's not only about gambling with your money but also by having people you attract to gamble for the casino you're affiliated.
It's important you made this point, and most people underestimate the fact that the players who claim to earn big through gambling make their money through referral links. I've seen multiple tweets of tickets with huge wins, which draws people closer to believing the account handler, and signing up with their referral codes. Most of the times they're only a few who are fully into gambling as a source of income. Though, it's not advisable to take such step as a person who is not financially stable, but an experienced person can venture into such business. The disadvantage is financial insecurity, they can go broke any moment, that's why its good for top earners to venture into gambling as a livelihood. Looking at Drake for instance, he is a world super star, yet he makes lots of profits through gambling locally and online. Even if, sometimes, he losses a good sum of money he'd gain it back through his music. Such practice from gamblers is better than taking only the gambling route as the only source of income. |
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I think the reason why we have a lot of people saying no to AI betting is the fact that there are absolutely no examples of it anywhere. Think about it this way, if there was a single AI bot, branded and promoted by a lot of people, with proof of their bets BEFORE the bet and then it happens and the results etc. Would people still say No? Of course not, they would say yes a lot and that brand would sell a bunch of those AI bots to people.
However, as we all can imagine, it is futile because neither it would work, but also it would not be possible to sell it to people, like just buy one and then whatever it says, freely give it away to people.
For now, people would not likely to depend from AI for sports betting prediction since it’s not making a fuss and people are not seeing demands from it that it can be very successful. Although it’s useful in some other means but when it comes to sports betting, only a human mind is more capable to make a valid prediction based on what he sees and feels, things that AI machines are not sufficient enough from doing so. At the moment, I don't think Chatgpt has it's database for generating answers to users. Google still remains a source for most of the answers the AI provides to its users, and difference between chatgpt and google is that; Chatgpt claim to own the answers unlike google. That is why people tend to believe what the AI says compared to google. Now, gamblers trusts the answers from Chatgpt not knowing that it can be generated from google as well. The AI will definitely get answers from football analytics on top DA blogs and present it to users, most likely the answers would work out as the analyzers make good predictions too. On the contrary, I don't think AI would predict a casino game correctly. This method can only work for sport betting I guess. |
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You won't learn more if you continue losing money without gaining any profits out of your trades. So, you'll need both profits and loss to learn more in trading. The human brain is designed in a way that it stops trying when it keeps getting zero profits. But, if a newbie gets into trading, and luckily he regained some lost money; made profits. He'll continue learning and researching on how to trade, so as to perfect the skill. Compared to a person who didn't make profits he'll, without hesitations, quit the trading quest, he would think trading is not meant for him. Therefore, I'd say that we need more profits to keep learning about cryptocurrency trading, losses dulls the impression of learning. And, losses, also contributed to the exit of many newbies who would have been potential traders today.
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It sounds like you all feel like volatility is the thing keeping Bitcoin from becoming the currency that it was designed to be. That is a compelling argument.
Question: Would products and services being priced in Bitcoin reduce the volatility? That depends. Will that price be a fixed BTC amount for a longer period of time or will the price change in real-time in comparison to fiat? Here is the problem with BTC being a currency. Let's say you earn $2000 a month but you are paid in BTC. For simplicity, lets say that is 0.12 BTC. It's great and you are happy when the purchasing power of your coins go up short-term and you can buy more for those coins. You are less happy when you notice that your purchasing power is 10% less in just 24/48 hours. And with Bitcoin, that can happen in both directions. That wouldn't be a problem if all goods and services were represented in a fixed BTC amount. You wouldn't care. But they aren't. I don't see them becoming priced in BTC in the foreseeable future. If your financial situation is such that those -10% are a huge burden to you or your family, who in his right mind would want to do that and be hungry for the last 5 days of the month until the next paycheck arrives? If everyone prices everything in BTC and only thought in BTC terms with no reference to fiat values, such an economy would work. It's not going to work if the stuff I normally buy become significantly more expensive over night while the salary I earned lost the same amount in purchasing power.
franky1 talks about efficient mining being $15k at the moment. Taking that into consideration, the development of technology won't and isn't working in Bitcoin's favor. Why? Because more efficient miners will be developed in the future. They will have a better hash rate but require less electricity. Unless electricity and ASIC prices go up, miners will profit selling their coins cheaper. So, that fair value could drop to $12k, $10k, maybe $5k eventually. How then would the volatility of bitcoin be calculated if all goods and services were fixed in a BTC amount? Wouldn't it be the regulation we'll are scared of happening? Because having a fixed bitcoin price for commodities, means having a fixed price for bitcoin too, as it's no longer pegged to the dollar. We'll have to evaluate products in a very difficult way if the volatility of bitcoin continues in such a situation, whereby products and services will have to amend prices now and then as to the volatile nature of bitcoin. Let's say buying a product for 0.12BTC today and tomorrow the price for the same product hits 0.13BTC a sign the price went down. It'll be a tough market for merchants; experiencing rapid price changes and difficulty in knowing that the market price went down. Unless they'll be a radar for all products pegged to bitcoin that'll change now and then regarding market condition, it'll be so difficult to attain such a height of having only bitcoin without fiat, which is why I think they'll be no room for bitcoin without being pegged to fiat for easy tracking of its volatility. Unless they'll be no bear or bull in the bitcoin market, then that'll work yet it's similar to being regulated to a specific price. |
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Business that accepts only dollars vs business that accepts dollars and euro and pounds would have a difference too. Lets assume you have an online shop, but you only accept paypal and nothing else, versus someone who would also offer credit card option on top of paypal, that would also have a better result.
This "adding crypto to your business is great" is not really a unique approach, adding more payment options will always be good, if you have just crypto, add paypal and credit card to it and you will get better too. That has always been like that, in any business, make it easier for the customer to buy, so that they do not have time to rethink and give up.
I didn't go through the link OP provided, but the online merchants are the people to benefit from new customers just like you pointed out, adding bitcoin as a payment method would open a window for clients who wish to pay with BTC. For instance, businesses like SMM, a reseller that doesn't accept cryptocurrency will lose out lots of buyers, same is applicable to a merchant that doesn't accept paypal. All payments methods are needed for effective customer satisfaction, most customers can't patronize if paypal is not available; they only pay with Paypal. Hence, offline business that accepts bitcoin can be effective if a person is low on fiat, but the other way round, they'd prefer to use fiat. However, why it's crucial to add bitcoin as a payment method in offline businesses is that the competition is less; many businesses don't accept bitcoin yet. So, with bitcoin as an addition, the vendor will be one step ahead of his competitors. |
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Happy new year friends, it's been a good start of another year, while we are distracted by many problems about the market; hacks, bankrupcy etc, we forget about the fun the community had in the early years of this decentralized currency. It seems to me that there are lesser fun facts of bitcoin in this era compared to the early days of bitcoin. Though they is no source to the claim that a man, 12 years ago, offered to change his name to bitcoin for 2000btc, it's just quite too funny and reveals how people made fun out of bitcoin; they had happy memories of bitcoin. Unlike today where people are surrounded with sad news about bitcoin and it's not just fun anymore, thinking about the Pizza day and the hodl thread those were some good moments. However, I'm not saying we are not making progress, yes we are, but then it's quite a difficult journey without fun. I'd ask, 12 years ago 2000btc was nothing compared to now, would you do such a thing? Hence many users on twitter accepted that they can change their name to bitcoin for such amount  -- 2000BTC now is something that could be life changing then i would definitely be agreeing on changing my name for that amount. haha Current conversions now 2000 = $33M So who would be the one wouldnt be changing up their names? One thing that boggles up our mind is that on those fellas on those early years where btc value isnt that high or simply cheap but still considering that taking such action which it isnt really that worth, if that guy had held up his coins up to this moment then its really a jackpot thing. Indeed, they are lots of crazy fun facts about bitcoin users of 12 years ago, but I don't think such a person would hodl for long since he is desperately in need of money to an extent of offering to change his name for bitcoin. If he gets the offer he'll definitely sell to make profits and solve his problems. Come to think of it, I've never thought about changing my name to bitcoin until I read about the tweet, he must have been into a problem to get such a strange thought. However, such an amount of bitcoin today is enough to change a name of a clan not just a single person's name. Though it'll be weird to answer bitcoin knowing that friends will make fun of you when the market price is bearish; you're worth $16k |
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The gambling games are not designed to work with a player's superstitious believes. These are algorithms designed in a way that'll suit everybody such that they'll keep on playing games. Trying to map out a specific time as regards to the fact that you won mainly at a particular time is a fake imagination, and it'll fail you more often. Always know that you'll win and loss in gambling it'll help you get over so many unimaginable thoughts when it's your time to lose money. I've lost games in roulette rapidly that I got worried over what's actually going on even when I bet the most likely to win slots things go wrong, but that didn't mean, if I continued playing the game, I won't win again. Unlike your superstitious believe that is centered on stopping to play when a player thinks that luck is not longer on his side. That will dull the fun, if a player has not exhausted his bank roll mapped out for the gambling game and still wants to play while losing out rapidly, he is enjoying the game and it's not a bad idea. Sometimes the next game would be another massive win. That's how gambling works; scheduling time is not advisable unless you are a mystic it's left for you to be superstitious.
Additionally, if that's the way you think it works then I think my friend can continue the game to know if luck is on their side when mine is gone.
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That's why 1 Bitcoin is not 1 Bitcoin, because price matters. This phrase is being thrown in bear market to cope with a price loss, but in reality everyone is looking at the price of Bitcoi against USD and base their decisions on that. No one is going to set price in BTC for their goods and services and ignore the change of Bitcoin's value. Even signature campaigns that for years maintained a flat rate had to eventually adjust it when the price became too high.
Thank you for speaking the truth, which I believe many people also understand, but they deliberately don't believe it to be true, bitcoin will never get rid of its dependence on fiat. The saying "1BTC is 1BTC" is just a saying to comfort us through this fierce bear season, that doesn't mean bitcoin doesn't need fiat or its value never will change. I find it funny when many people say 1BTC = 1BTC, but meanwhile they wait for bitcoin to drop in price to buy them instead of buying at high prices, and they say they don't care about the USD value of bitcoin. If I'm getting you right, I think you are saying it wrongly. 1btc is 1btc, and nothing would change it except the people who wish to amend product prices to suit the current evaluation of 1btc. It's like saying; 100 dollars is no longer 100 dollars because it can't buy as many groceries as it did years back. These are just market changes that have no meaning to the status of the currency. If one bitcoin is worth 60k today, you won't expect 1btc not to purchase a product of 60k because 1btc was 16k yesterday. That is why product managers, including the signature managers would have to adjust the price according to the worth. Yet it doesn't change the fact that 1btc = 1btc. People only get confused about this, as everyone is here to make profits out of the volatile nature of bitcoin, which is pegged to the dollar for easy market evaluation. If bitcoin was not pegged to fiat, it would have been a hell of difficulty to make trades, as nobody would be able to understand the bear market and bull market, it would have no volatility in dollar price too, but on product price; in a world where only bitcoin is accepted. How then will people know the actual worth of bitcoin when they want to purchase it with cash? wouldn't it be difficult to determine using products as a determinant? So, Fiat, indeed, is crucial to the existence of bitcoin in determining the worth of 1btc to the market. |
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I prefer reading the forum on IPad, UI is friendly, the signatures and words appear boldly, and easy to read like on a laptop. Additionally, I spend more time reading the forum on my Ipad compared to my laptop. However, the forum is not user-friendly with phones with small screen resolutions, yet launching a mobile app to make it phone compatible will decrease post quality on the forum from the app users. Writing with a phone can cause multiple mistakes and may not be crosschecked on apps like Grammarly to enable an interesting read. Unless the app is created to be read-only; members can only read as guests, I won't prefer an app for the forum. Things to consider are if it'll be open source or closed source, the forum may now require some payments or donations to maintain the app, especially for core developers. I think the forum is unique, easy to navigate, and less cumbersome this way.
Next week I plan to buy an IPad, it looks practical after I saw several reviews about the IPad, the comfort is increasingly satisfied, especially the IPad can also use the keyboard, this will make it easier for me to open forums on the IPad. I'm not sure that there is a mobile application for forums that can provide more convenience than a website because what I know is a unique forum is a website and it will be different from other forums, maybe you expect something new but it's not the main feature because it's like what you say requires reliable developers to be paid to operate the applications that are made, but I'm sure a mobile application is not a good idea for me. Yes they'll be some members that won't use the app at all, which may keep the app on a sideline for phone users only. Some challenges will emerge; illicit developers may decide to create similar apps just to derail people searching for the forum. Though, it'll help the spread of bitcoin as it'll pop up when people search bitcoin on app stores yet the downside is quite bigger compared to the benefits. I'd urge you to get the Ipad as you said, you'd enjoy the forum, and users with lesser screen resolution phones can read the forum then communicate while on laptop. Truly it feels difficult to respond through phones, which may require a mobile app for the forum, but, then, the app may not be as responsive as the forum; it could lag, due to the numerous information on the forum. |
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Happy new year friends, it's been a good start of another year, while we are distracted by many problems about the market; hacks, bankrupcy etc, we forget about the fun the community had in the early years of this decentralized currency. It seems to me that there are lesser fun facts of bitcoin in this era compared to the early days of bitcoin. Though they is no source to the claim that a man, 12 years ago, offered to change his name to bitcoin for 2000btc, it's just quite too funny and reveals how people made fun out of bitcoin; they had happy memories of bitcoin. Unlike today where people are surrounded with sad news about bitcoin and it's not just fun anymore, thinking about the Pizza day and the hodl thread those were some good moments. However, I'm not saying we are not making progress, yes we are, but then it's quite a difficult journey without fun. I'd ask, 12 years ago 2000btc was nothing compared to now, would you do such a thing? Hence many users on twitter accepted that they can change their name to bitcoin for such amount  |
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Merit is a reward that has no value elsewhere other than here, members feel good to see that their post got merited by other members, the feeling is like getting applauded for offering value to members. The benefit is the drive to make more quality posts. For every member that wants to rank up there is a desire to gain more merits and they must thrive to offer posts worthy of merits. How would you feel after offering quality posts in the forum without any merit, it can withdraw your efforts. So, the members with smerits always do their best to give out merits to posts worthy of it. A way to keep the forum moving and promoting quality posts, meaning that for every good post you make, OP, they may be merits for it now or later.
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A thread similar to yours, OP, has already been moved to altcoin section some hours ago. I thought maybe the same person created the thread again, just like what you're insinuating on your thread, most developers run back to create something similar to their previous project if it gets caught or fails. Hopefully you are different from the other OP https://bitcointalk.org/index.php?topic=5432805.0 |
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Bitcointalk is a special interest forum focusing on cryptocurrency only. It is one attribute that makes the forum unique from other cryptocurrency forum coupled with the quality it provides. Members are obliged to write good contents, which helps readers to learn while scouting for answers. People are given the right answers to their questions in excess, they're now left to choose the best out of the many. I've not read of an old article or project about bitcoin and didn't come across bitcointalk. The forum has been here serving many people who have interest in cryptocurrency, even the big influencers on twitter like hodlonaut once referred in his tweet the fun of the bitcointalk forum. So, we'll are lucky to have such a solid forum for bitcoin knowledge from ground level up till development and technical level. Its members who are the bedrock of the forum offers the best knowledge and also work hard to keep the forum neat and conducive.
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Considering the numerous boards in the forum, I'd want a compilations of the best threads per week sent to every member's Dm. Best threads, which can be determined by the interactions and discussions in the thread, how meaningful and educative it is to users, can be disseminated in batch of selected 5-10 meaningful posts amongst all threads posted in that week, so that users that didn't participate in the thread can read them too. It'll help everybody to easily keep track of useful topics in the forum and boost learning too. Since the forum is mainly focused on learning, I wouldn't fancy any other feature other than the one that elevates more learning. Especially for the newbies who are not familiar with the boards on the forum, they miss out on so many useful threads in the forum, through this exercise; sending Dms of best threads in the week, would help them get across and know other sections in the forum. This will cost the forum nothing and would increase the rate of quality posts in the forum since members would want their threads to appear on the best threads of the week.
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