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2561  Economy / Economics / Re: Savings during inflation on: September 17, 2022, 11:59:31 PM
Save with a food bank is most valid, anything you use and can keep for a year time period becomes a type of savings quite valid for any family to build up.  This isnt unknown, its just become less common in the times of 'Just in time' delivery and modern consumerism where trends are actively decided within a year, rising only to fall with months we arent as familiar with the concept of reserves.
  Some people can do this more easily then others, some buy a years worth of energy in their heating oil perhaps but everyone can store a years worth of food and other similar household requirements.   The point being if inflation is well over 5% or 10% even then you gain some yield on your holdings for a year and its quite justified to do so presuming the discipline is there to keep only the same steady rate of usage.
2562  Economy / Speculation / Re: All Eyes On Bitcoin’s Monthly Close on: September 17, 2022, 11:53:33 PM
Monthly chart we have been sideways since June, lots of movement but net result just sideways drift mostly which is how I would view 2022 in any case.  To be positive now needs BTC price action to recover the mid August lows, we are above the 2 day average there is some short term positivity but ultimately we are on a giants causeway its just I cannot trade monthly bars as thats for the larger trade and hold to consider.   Since this is the speculation part of the forum normally we do look at something closer to weekly bars and how we will resolve each week, for now we are in recovery and about 21k is quite important to regain and hold.
2563  Economy / Speculation / Re: 1 Bitcoin, Not for everyone. on: September 17, 2022, 10:46:31 PM
In the end nobody should have a whole Bitcoin, that kind of seems to be the destination intended in the naming of this protocol.  Its always been about exchanging the bits not the entire BTC and its ease in doing so is the point of the whole system.
  My take on that is just maths resolving from if the whole world can use even just a small holding of BTC, down to pocket change type stuff because of its unique asset type and usage online especially then you must resolve that the price very likely will be much higher and each person only requires a small bit not entire BTC to receive the utility of being in Bitcoin.  
  A majority of the world population is living in or around China (yes Asia but really anywhere that involves large scale economic activity) , that whole area of people is a long way from Washington DC and its banking system upon which the Dollar reserve world currency is currently pivotal.
  Whatever happens next its very likely we evolve towards some system more inclusive of the world entirely not just the older western based 'advanced' economies, growth will benefit an evolution we just cant be sure of the exact direction but I think serving the most people directly is likely to happen.   US dollar is quite indirect for many remote countries now, so disadvantaging those people not included in that political realm.
2564  Economy / Gambling discussion / Re: Ever heard of trifecta betting? on: September 17, 2022, 10:17:14 PM
Predicting exact results can pay out big time but its usually hard to do.  Surely greyhounds arent predictable enough to really expect a win on this kind of outcome, I dont know the sport well enough but not like I'd try it in horse racing either.   I have done it in esports just naming how 3 matches in sequence ends isnt too hard and 19 to 1 is recent bettable odds I saw, it didnt end with that 'exact' outcome but it was quite close.  Any bet others are scared of taking is probably worth considering with any insight possible, still a rare one for me.
2565  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: September 17, 2022, 09:56:41 PM
you have my interest in the Eternal Fire team in the upcoming stage round for group D.


A big talent in a team is always an unstable force because CSGO as a whole is teamwork.  Even s1mple couldnt fix Liquid's problems when he joined them and he didnt integrate nearly well enough, no surprise he was a long way from home and so on for any giant talent I always forsee possible friction occurring within a team beneath the surface.   The astralis era seems to be over, I dont mind as we like less predictable results in betting surely.

9z should beat Furious right now.  Main reason I dont mind the Xantares move is that new team logo is awesome I need more of those, glitter and whatever other types they come up with to eclipse the long standing Katowice  holos of 2014

Theres alot more games tomorrow then today I think, need to decide on those havent quite yet.
2566  Economy / Speculation / Re: Purchased at $23,500, when should I start to panic? When should I average down? on: September 17, 2022, 07:39:00 PM
The easiest long hold for BTC will be with the people who know the story on Dollar.   If you think all is good on the politics that overshadowed good governance in currency and fiscal budgets then I can understand genuine fear for any long term hold of BTC.  Hence I always say scale in, its a bumpy road but anyone who knows Dollar has problems long term and the debt is great burden to its ongoing value and usage worldwide even then BTC is a good hedge just dont over do it and dont worry excessively.
2567  Economy / Speculation / Re: Does anyone think it will be much harder to buy bitcoin later on down the road? on: September 16, 2022, 11:59:29 PM
If we're bullish on BTC then we should not be anticipating a constriction of availability.   Currencies when acknowledged are not taxed or locked down by securities laws that vary between countries, capital gains taxes, etc.    So if BTC is to be accepted we should be talking about more freedom not less, its highly fungible, not consumed or altered day to day so I dont think BTC currently has the right place in society most places.    I hope we see a more liquid BTC market and lower fees to exchange, if this happens price is very likely higher imo and population interest greater vs supply.
2568  Economy / Gambling discussion / Re: F1 Formula Sports Racing - Sportsbet.io promotions & discussion thread on: September 16, 2022, 11:53:13 PM
He can stay in a partial capacity for many years if he so chooses, I'd guess he is a test driver more then a main driver if he has already announced he will retire from serious competition.  Personally F1 is such an exciting sport who wouldn't want to stay around to be part of every future iteration and development by teams.   The sports commentator route is the most obvious for a retired driver but not everyone will or can go that way.
2569  Economy / Economics / Re: OPEC+ slashes oil production by 100K barrels per day as prices fall on: September 16, 2022, 11:27:32 PM

Not really. Raising the price of something does not magically increase profits, as it can produce a contraction in demand that counteracts the margin of increase.


It will be the revenue that matters, as per all large business.  Higher premium on less sales doesnt exactly help them out, problem is that OPEC was already quite close to its maximum output apparently or they might be happy with the lower prices but greater volume if that were possible.
  OPEC wanting to lower production could be taken as a bearish sign that world GDP growth  is not as strong as it should be therefore demand is not able to sustain the productive output of OPEC.   China is the most obvious indicator and we know China has suffered setbacks to its working population vs covid with poor immunity seen.  Most nations are now continuing regardless but China has chosen to lock down to zero quite often despite apparent weaker strains now in circulation.  Asia overall has often taken the flu variants as more dangerous long before recent years but only Communist China can prevent all trade done locally in quite such a uniform way.  Its such a large country it alters the whole world partly and I think OPEC also notices less economic activity by China.
2570  Economy / Speculation / Re: do u think the BTC bottom is in...? on: September 16, 2022, 10:11:44 PM
Price recently made a new low for this week, its not currently even bouncing back from the last sell.  We have to call it weak when it not only slips off the ladder but sits on the ground and doesnt get back up and try again.     Wait for it to break either way as we could just be in a quiet spot, a test of patience more then price but Im not presuming anything on bottom pricing till we establish a trend, we are more apathetic at present.
2571  Economy / Economics / Re: More people now work in clean energy than in fossil fuels on: September 16, 2022, 12:18:15 AM
It be a positive (job creation) or negative in terms of costs it could point to renewables having some downsides in their production requirements.  Oil can be tricky but in places like Saudi Arabia its apparently relatively easy from ground to sale barring the transport part I guess; renewables do I guess have greater point of presence in their favor .
   I think low cost no hassle nuclear is going to prove important in that it needs to succeed in order that oil and coal are once and for all put into the shadows as clearly less efficient.    There is the new idea of small scale nuclear with little operational oversight required comparatively where as nuclear power is traditionally feared for its worst outcomes from mismanagement and poor maintenance.   If we can make renewable hands off, with the least people required as possible it might be a point towards renewables.
2572  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 15, 2022, 11:48:38 PM
Yeah, someone posted recently and it hit me, like why didn't I think of this sooner?

If BTC price rises and we see reward below 50 again then I might delay on the basis that we invariably trade in cycles and so I might as well wait till we are back to full reward once again then use up all WOF at that time.    However right now I see no point to delay, I might get a bigger regard or just the smaller rewards compound daily so might as well take that small accumulating yield more immediately.
  I did by the way get a golden ticket so cant complain, got a few this year though my WOF per day has been rising with the premium benefits so I guess it figures still I did not expect it.    I will stay calm and complacent till I do win the Lambo, expecting a win is bad luck imo :p
2573  Economy / Economics / Re: Savings during inflation on: September 14, 2022, 11:59:27 PM
Savings are frequently inferior to commodities during inflation (but not always because nothing is easy or certain, ^instability/volatility).   There is apparent inflation and inflation of the monetary base which later becomes more obvious, we already knew this inflation was coming because of the prior monetary base expansion.   The main problem noted by central banks is constricted supply, not everyone can buy at once or the price spikes and so adds further to perceived inflation in the population leading to a run away effect.    
  Even if they cure this current outbreak of inflation its still going to be true this decade and the next that people should use money to avoid future bills, which ever method presents itself is probably quite viable.   Where as saving cash and hoping interest rates reflect or counter inflation is unfortunately usually a losing situation.   The biggest winner from the gaps left in monetary circulation is the government via its debt, the ease at which it can spend is greatly aided by the plight suffered in the populations wages and usage of national currency.   Hence many people conclude here stick with BTC, all known issuance is the same exact schedule as always which no FIAT can say similarly.
2574  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 14, 2022, 11:27:48 PM
There is no fiat currency input to the site so why does it have to be anytime before forever.   Must I register my favorite baseball cards or pog cards in case somebody values them highly, thats their choice and people can exchange anything they want I cant see it has to get political and constrained by each countries avalanche of red tape.    Some things like aviation fuel for example are protected by law because it could get ridiculous to constrain the free usage globally, I'd hope we conserve some good sense long term its possible at least.
2575  Economy / Speculation / Re: BCT's drop and CPI Report 😧 on: September 14, 2022, 11:18:43 PM
Quite a nice recovery today in markets overall, surprised me and BTC is just crossing back the 12 hour average which indicates at least some element of sustainable strength to trade off.     Its a really quite harsh set back but it was going too well not to be apprehensive of profit taking and so on.  If you are trading purely speculatively, pays to be paranoid and the cpi figure date and time would be on every traders calendar.  Market is jittery to say the least

A slight lack of numbers but lets say 21k would be a good area to regain for the positive outlook, similarly look for it as a ceiling and adjust outlook accordingly.    This is just the beginning of arresting the fall in BTC for this week at least.
2576  Economy / Speculation / Re: Will BTC reach 45k before this year ends. on: September 13, 2022, 11:37:07 PM
Volatility across all markets (every commodity every asset type ) is imo rising so nobody can 100% rule out the possibility of 45k, Ive been amazed with BTC performance in the past and it'll happen again Ive no doubt.   I dont know about this particular fixed price objective but being surprised at how extreme the boundaries of BTC can be is a no brainer, it will surprise everyone once again.   I just doubt it occurs this year.
2577  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: September 12, 2022, 11:57:56 PM
Lots of big names playing tommorow.  Pasha and friends, big names from ten years ago.   A special lan, bo1 it looks like so just interest for me not betting really.

A team called Titans appears, not noticed them before of course reminds me of Titan the old team long gone.  Strangely the team is made up of big names, ranked really low from being a new team.  Perhaps watch out this team for upsetting the odds as in theory they are unknowns but the players are experienced.  Ex mouz and North

Bad News Eagles vs NBK with a new to me team Falcons.  I always liked NBK for being a IGL with ideas and good plans but he hasnt been near his best as a former world major winner, maybe just watch this one.
2578  Economy / Speculation / Re: Purchased at $23,500, when should I start to panic? When should I average down? on: September 12, 2022, 11:30:10 PM
This recent action is 100% an example to save, print off stick to the wall why you should resist marshmallow hands when you buy BTC.   Dont melt at the first instance of heat appearing, its part of the game you bought into it.   Dont overbuy is a constant message Ive read and understood on these forums for at least a decade and its good advice, dont borrow to buy BTC ever as its just way too volatile and its a bad effect in the end so nobody here wants to see weak hands playing speculator like that.
   Save the BTC graph for at least the last month, great reversal action and quite typical of how it rolls, all over the place Smiley
2579  Economy / Gambling / Re: The History Of Gambling. on: September 12, 2022, 11:13:08 PM
Quote
poker still falls under the category of gambling, despite its status as a game of skill

Its absolutely gambling, theres no way even a good player wont have a day he is destined to lose because the cards dont come.   You cannot bluff everything, its a stop gap.   Im nothing close to good at Poker but I just wait for other peoples mistakes, problem is if you never have good cards which is totally possible then you lose the game that day.   Poker you win one day and always keep some because its going to be a loss another day you play, gambling overall is like that in handling the loss is part of the game.
2580  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 12, 2022, 10:24:34 PM
You got to capture the right crowd to get actual activity.   I've had people sign up but they dont do anything, I signed up the wrong people and to them the free spin isnt enough.  Long term the rise of the extra betting section helps involve people, its a simple site and it caters to sports which opens the audience to alot more people in a casual kind of way.  
   Next time I make an effort on referrals it'll probably be the sports bet route and a simple line you wont ever have a zero balance here, they always give something to bet is some kind of appeal surely.   Often I bet just for the ticket, to say yep I predicted that event that team would overcome all odds and win is nice to say, the money is whatever as not always do people have alot to venture; I like the super underdog bets tbh for that reason.
  Twitter and Insta let people put a URL on the profile, incidental income with quite little effort is a nice dream not impossible  Cool
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