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2581  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency market is growing good,..???? on: January 13, 2022, 03:03:57 PM
Is this destroying the goodness of the market or it is a necessary one.


I don't think the rise in bad projects and bad advertising is destroying the crypto msekets. It's just a side effect due do the popularity and success of crypto currencies. As with any successful sector in the economy, people will try to profit from the success of others. While for the unlucky few who fall for the bad eggs it's devastating, all the others will not really be affected. For example, the whole scam business of fake amazon emails sending out invoices, is not really hurting the business of amazon itself. As with any area of the Internet, we need to be critical and not take everything at face value.
2582  Economy / Gambling discussion / Re: Why Gambling addiction?! on: January 12, 2022, 09:48:00 PM

This is a question that I have a lot of time in my mind while following this section/reading history of other players.
Despite I am placing bets since a while I am able to not bets without any doubts for several months.
Sometime "I feel better" if I don't place bets Grin nor I place bets.
I have my opinion about this argument but can't fit with all players / users addicted.


This is very good for you, it shows that you are not at risk to become addicted to gambling. As someone who doesn't feel that urge to keep gambling when it's better to stop, it can be hard to understand the compulsory behaviour of addicted people. We humans are not all the same, there are some of us who are more vulnerable towards addictions than others. In general I would not distinguish between gambling, drug, alcohol or even a gaming addiction. It becomes very difficult for a person to control their own action, even though they know it is wrong and will harm them. We also see that if some is struggling with addiction on one area, he is more likely to become addicted to something else. I have seen this myself with a good friend of me, we both started smoking during high-school but he was smoking much more than me. After high-school we both tried to stop but he just couldn't, it took him so many attempts but he still fell back into his old patterns. Only later when he went into gaming and started drinking he managed to stop smoking. Unfortunately he just switched his addiction for something new and was still unable to control his actions. Something we can't understand our friends why they are doing something. The only thing we can do is try to help them.
2583  Economy / Trading Discussion / Re: How to make $ 1,000,000 out of $ 30,000? on: January 12, 2022, 12:48:56 PM
If you want an honest answer, I am afraid but this is not realistic. First of all you need to have healthy expectations when it comes to trading. If you start again with trading I would aim for returns of 30-40% per year, but not to become a millionaire overnight. The problem with focusing on a fixed number like 1 million is that it will keep you forgetting about the risks you need to take to get there. The chances for you to get so much money is very small, it's much more likely for you to lose it again. Since you lost alot of money in the past you should have some tax credits and can save on paying taxes in the future.
2584  Bitcoin / Bitcoin Discussion / Re: Bitcoin Issue That I Can't Wrap My Head Around on: January 12, 2022, 12:27:58 PM
I would love to hear you guys opinion about this issue because we should be prepared for when this happens.

I don't feel like raising the marketcap of Bitcoins to circumvent the 21 million problem is what the crypto community really wants. We all are aware that the huge energy consumption for crypto mining is a problem. But the rest of the world is also constantly increasing its energy needs. Its just a matter of time that we become more efficient in the harvesting of energy. That's why we can't look to far into the future based on our current technology at hand. Technology advancements are going to help solve the energy problem.
The attractiveness of Bitcoins is the hard cap of 21 million, it stops inflation reducing the value of the existing coins. For me this also means the bitcoin price is going to stay on a upwards trend. While the price for 1 bitcoins keeps going up we can trade in even smaller amounts going forward.
2585  Other / Beginners & Help / Re: IS it possible to let your BTC work for you ? on: January 12, 2022, 12:16:45 PM
Unfortunately bitcoins don't provide any dividends. Just holding the coins in our wallets is not going to earn us any interest. The only form form of profit comes through price appreciation and when we sell bitcoins for a higher price. There are companies that offer you returns for your bitcoins, but then they will have full ownership of our coins. The company can be legit or can be a scam. For me the risk is just too high to lose it all. Another form of making some returns would be through gambling. It's not passive income and also involves risk, atleast we can control the risk here.
2586  Bitcoin / Bitcoin Discussion / Re: Bitcoin Prophesy on: January 11, 2022, 12:12:54 PM
Acceptance of Bitcoins World wide is a good thing. It increases the number of stores who are going to accept bitcoins as a form of payment and the number of investors. The more people know about bitcoins the more people want to own them. Which again means the more people want to be kept up to date. That's why I don't think news about crypto currencies and bitcoins is going to disappear. Newspapers and news shows on TV will have to include bitcoins going forward. The most likely is to just include it into their financial news coverage about stocks and bonds.
2587  Economy / Economics / Re: Can civilization revert to a barter system on: January 11, 2022, 09:34:06 AM
I don't really see how a barter system could be working in today's world. The world became so international in the last 50 years. Almost any large company produces in multiple countries and relys on transportation of goods across long distances. The barter systems humans had in the past waa very local restricted. You know the seller or buyer and exchange directly with him. But now electronics buyers from North America or Europe have no real interaction with the sellers from China. It can't really be a direct barter transaction, so we need something in between, which is money right now. There will always be the need of some kind of medium in between.
2588  Economy / Gambling discussion / Re: Pros and Cons of Gambling on: January 11, 2022, 09:22:36 AM
I agree with you that most of the regular gamblers are probably near the breakeven point. They didn't win much and they didn't lose much either. Many casino games are close to a 50% win chance. There will be swings in between but on average most gamblers will be in the center of the distribution. As for the tails, the number of people who got rich through gambling or lost it all is small. That's why I wouldn't count becoming rich as a big pros argument for gambling. For me the pros are having an opportunity to play games in the evening now from home. I am not so much into shooters or other traditional games anymore. Gambling provides a nice alternative.
2589  Economy / Trading Discussion / Re: How to buy alts at the right time? on: January 10, 2022, 09:25:19 AM
For me timing is the hardest thing when it comes to trading. I have tried so many times to find the perfect moment to buy a new coin or old coin, just to find out that I was wrong. That's why I kind of stopped going for one purchase at the best moment and rather split out my purchases over several weeks. When going for a new project than buying directly at the launch can be a good idea. But instead of putting all my money in at once I would rather look at the charts a few weeks after the launch. The risk that a coin is being hyped massively just so the price drop in the months afterwards is real and can hurt us. So instead of doing 1 big purchase I try to make 4 purchases spread out.
2590  Economy / Economics / Re: 2022 Savings and investment plan on: January 10, 2022, 08:58:59 AM
That's a great idea to already have an investment plan for the whole year planned out. Like this we know exactly how much money from our salary we can set aside for saving and investing. I am doing a similar approach, where I have 2 ETF that I use as my monthly investment scheme. There is almost no fees involved and keeps me invested in global stocks. The rest of the money I put in a bank account, can't really say savings account because there is no more interest. From that I pay all unexpected things like repairs and use some money for crypto investing or gambling.
2591  Economy / Gambling discussion / Re: What will be the next big industry move? on: January 10, 2022, 08:52:37 AM

Gambling industry is on the move in the last years. Legalisation across Europe and USA has forged new empires, online gaming has received all the positive impacts from COVID confinements and it seems that is going to be plenty of consolidation in the future. What is your personal bet on the next big events in the betting industry?


I believe that the trend towards online betting and away from local bookmakers will continue. In my country there a lot small places where you can bet on sports games. This not efficient anymore, they all have to pay rent, pay employees and other fixed costs. Online betting will always have a cost advantage. So we should see more advertising and better promotions from the online industry.
And the next big thing in my opinion will be more live betting for a large number of sports. Due to covid the stadiums are still empty, most of us can only watch their favourite sport from the couch at home. That's why live betting during matches becomes much more interesting.
2592  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a commodity market ? on: January 09, 2022, 12:26:33 PM
For me bitcoins are a currency that is very similar to all the major currencies traded around the world like Euro, Dollar, etc. Both crypto and fiat don't pay any dividends, and both rely on investor confidence. Fiat money has a country and their economy behind it to guarantee some value, but investors look more at the future. The only difference is that there is a central bank behind fiat money that guarantee me to use that money to buy goods on my country. What they don't guarantee is a certain value for the money, since the gold standard was demolished the value fluctuates. So both cryptos and fiat money fluctuates freely. For me the guarantee that I can actually use my bitcoins comes from the large number of investors. As long as people are interest in the coin will there be value and an active market.
So I would say bitcoins are more than just a commodity market.
2593  Economy / Economics / Re: Money and happiness. on: January 09, 2022, 08:31:27 AM
Money is in an important factor in our society, without it we are not able to experience nice things in life. However, having nice things doesn't mean we are happy. Owning a luxury car and wearing fancy clothes might project outwards that we seem happy, but it's no guarantee that we actually are happy inside. I would say that money provides a level of comfort that makes life easier and we enjoy important things like friends and family more. For that we don't need to wealthy or rich, just have some savings. Another thing is that focusing on money in life is not going to make us happy. Because there is never enough money we can have and all the money in the world is not going to bring us a healthy family, there things that money can't fix.
2594  Economy / Gambling discussion / Re: Just seeing what interest there is for another Betnomi Poker Series on: January 09, 2022, 08:21:16 AM
I would be interested in a new poker series as well. Wasn't part of it in the past because I mainly played cash games. Things got a bit stale lately, so trying out a tourney should spice things up. As for the buyins it depends a bit on the number of games there will be. I would recommend instead of having a too big buyin, rather add the opportunity to rebuy once or twice. Having more than one bullet makes it more fun for the players and casino still gets their buyins. Will there be twitch broadcasting with commentating again?
2595  Alternate cryptocurrencies / Altcoin Discussion / Re: What are the best ways to invest money? on: January 08, 2022, 07:23:11 PM

Always take risk into account. What is your risk tolerance?


Risk is a very good measure when it comes to investing and building a portfolio. Instead of focusing on how much money we want to make it's better to decide on how much money we are willing to lose. If risk is not important to us than investing all our money in high risk alt coin projects would give us the best returns, if we succeed. Personally I am more risk averse, that's why I have the biggest part of my money invested in bitcoins. Sure big swings of 20% are also possible like we just see right now. But the overall risk to lose all my money on bitcoins is rather slim. Only a small reaction of less than 5% I am willing to invest in higher risk alt coins. This is also due the fact that I like to gamble every week a bit, which is very risky too.
2596  Economy / Economics / Re: Euro zone inflation hit a new record high of 5% in December on: January 08, 2022, 07:07:12 PM
Do you still think we can get inflation at 2% levels in the medium term with the continuation of the current policies or will we need to press the brakes hard?

Is 5% peak inflation, or will we see inflation at more than 10%?
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I really worry about the rising inflation here in Europe. One the one hand politicians keep saying that this just short term effects and we shouldn't worry about it. And on the other hand I see rising prices everywhere. Gas is getting more expensive, food prices are rising constantly and so are all the prices in the shopping mall. For me it doesn't feel like we would see any drop in prices soon. Why would businesses ever consider to lower its prices again? The 5% now are insane and could tricker a downward spiral. For example I heard that all the construction materials will rise another 15% in price next year. How can we stop this cycle if the government is unwilling to intervene?
2597  Economy / Trading Discussion / Re: Keep calm and buy the dip. on: January 08, 2022, 06:58:55 PM
Keep calm and hodl!

Standing 100% behind you on this one. No point in panic selling now, just to buy back the coins in a few weeks. Rather than selling into the dip and make things worse I want to buy more coins. The first thing I did this weekend was to withdraw some of my poker money and put it into bitcoins. It's not realistic to sell now and hope to buy back at 20,000 or 10,000 level. When it comes to HODL investing it means to hold when the price rises and when the price falls. We need to remind ourselves that HODL was one of the most successful strategies over the last few years. There is no reason to abandon it now.
2598  Bitcoin / Bitcoin Discussion / Re: if bitcoin was main currency, what's gonna be the BTC value? on: January 08, 2022, 06:50:39 PM

-Answer is: The dollar IS the value. The dollar doesn't cost anything. The dollar is the value.


I don't agree with your answer here. This might have been true if Bitcoins were around in the 70s or 80s but not today. The world is reducing its dependency on the US Dollar every year. To say that the Dollar is now the value of a independent Internet currency is not right. While dollar plays a role in the price of Bitcoins I think that we are more independent now with crypto currencies. If it was really just the US Dollar value than why wouldn't we keep holding fiat money? With cryptos we are independent of financial influence of the government and their pressure to issue new debt and print money.
2599  Economy / Gambling / Re: This is why I love this forum...and we should make it more powerful on: January 08, 2022, 06:41:28 PM
Happy to hear that the forum was able to help you. I also enjoy the far reach of the forum and that all the crypto followers have a chance to share their experiences. It's a good place to learn about new crypto casinos and their promotions. Without a forum like bitcointalk it's hard to know what casinos to trust. If there are no threads about negative experiences on a particular casinos website than we can be more relieved. Trust is the most important thing when it comes to online gambling.
I also hope there would be more power for this forum. We need to more active users here to get broader reach. One good feature I am missing for this forum is mobile app that makes it easier to navigate the forum on the phone.
2600  Bitcoin / Bitcoin Discussion / Re: Will owning 0.01 BTC really make you rich? on: January 08, 2022, 01:12:07 PM

What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why? Your input will be greatly appreciated. Thank you very much. Smiley

I don't want to be the pessimist here but 0.01 BTC seems a bit small to become really rich. Of course that could happen in 100 or 200 years, but right now I would not say so. I could understand that 1 BTC might be worth a million USD at one point, but 0.01 seems small. We all should be able to dream of becoming rich, just not rely on it. Let's say we hold 0.1 BTC, then selling 0.09 right now because 0.01 will be enough to become rich is the wrong idea. My own target is to one day own 1 BTC, even then I wouldn't stop and buy more. So I agree with the long term trend of Bitcoins becoming more valuable, just not that valuable. But who knows, maybe I am wrong, being wrong and making more money is never bad.
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