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2601  Economy / Economics / Re: Why Fixed Supply Tokens Can't Become True Currencies on: December 21, 2021, 11:40:01 AM
Here's some info about the "bullion famine" in 15th century Europe.
According to Wikipedia:
Quote
The Great Bullion Famine was a shortage of precious metals that struck Europe in the 15th century, with the worst years of the Famine lasting from 1457 to 1464. During the Middle Ages, gold and silver coins saw widespread use as currency in Europe, and facilitated trade with the Middle East and Asia; the shortage of these metals therefore became a problem for European economies. The main cause for the bullion famine was outflow of silver to the East unequaled by European mining output, although 15th century contemporaries believed the bullion famine to be caused by hoarding.

The discovery of the Americas with its silver and gold, along with innovations in mining techniques, and the Portuguese gaining access to African gold ended the bullion famine.

The colonization of America leads to increased supply of gold and silver,which caused the first case of high inflation in the medieval European economy.
More gold means more inflation,but that's just the medieval economy. Grin
Anyway,this article is criticizing Bitcoin for something that we already know.
Being a good store of value is better than being a good medium of exchange,if you ask me.
Bitcoin can be both,but nobody says that Bitcoin is totally perfect.
I wonder why are you comparing Bitcoin to fixed supply tokens.
Scarcity itself isn't enough to give value to some asset.
You could create some centralized token with a fixed supply of 1 million tokens,but that doesn't mean that this token will become better and more valuable than Bitcoin.
Security and utility are what gives the value of an asset.Scarcity can only increase that value even further.

 
2602  Economy / Economics / Re: Only 50% of the college Class of 2020 had full-time jobs 6 months post grad on: December 21, 2021, 07:13:17 AM
I live in a not-so-well developed country and there's a actually shortage for workers in my country.
The companies are desperate to find qualified people,so they are raising the salaries and offering all kinds of additional benefits.
However,there's a demographic crisis in my country and the young people are a decreasing minority.Many young people prefer to go to the western countries,rather than stay and work in their homeland.
There must be something wrong with the US labor market,just like the southern European labor markets in Spain,Greece and Italy.Those countries were also facing high unemployment rates among the youngsters.
Maybe the companies aren't incentivized to hire young people,or the education system isn't preparing the youngsters well enough.

2603  Economy / Gambling / Re: ltccasino big win in Booming games on: December 21, 2021, 06:53:46 AM
Congratulations about this win,if this win is real...
However,there are a few red flags.
1.I've never heard anything about this casino.Is there any announcement forum thread of this casino in the Gambling forum?
2.A new player winning substantial amount from a casino right from the start.It looks like you were extremely lucky or the casino is trying to scam you by forcing you to deposit some coins.Or you are just shilling the casino by posting a fake proof about a fake winning.Who knows?
3.A crypto casino using dogecoins....This sounds like a joke to me.Why do some crypto casinos accept this memecoin?
4.This weird withdrawal limit-15K per day,75K per week and 300K per month.This looks strange to me.
What's the point for a crypto casino to have maximum withdrawal limits?Probably not enough liquidity,so they could pay the entire amount to the players right away.

2604  Other / Beginners & Help / Re: 13 top celebrities adopt cryptocurrency in 2021 on: December 21, 2021, 06:32:39 AM
Since most of these celebrities were shilling shitcoins,memecoins,NFTs and crypto scams,I think it would be better to move this forum thread into the Altcoin discussion forum.
Those celebrities didn't adopt Bitcoin,they adopted all of the above mentioned "coins".Most of those coins cannot be called cryptocurrencies,because they are centralized shitcoins.
I'm sure that many celebrities have bough Bitcoin,but the vast majority of them won't reveal that they are currently HODLing BTC because:
1.There's no need for them to reveal such info.
2.There's no incentive for them to promote BTC,compared to all the shitcoin/NFT projects,which are being promoted and which prices are being pumped.
3.Bitcoin is a part of the pop culture and it isn't such a big deal,if someone is HODLing Bitcoins.
2605  Economy / Speculation / Re: Bitcoin price is still in a downward trend, will it last long or temporarily? on: December 20, 2021, 11:34:08 AM
The current price is pretty stable at 46-48K USD for now.This isn't a downward trend.
It seems that the market won't make big moves(both up or down) until the end of 2021.
Everything in the BTC market is temporary.Do you expert the current price to stay for 6 to 12 months?
The current price is where Bitcoin should be.The 68K USD price which occurred several weeks ago was pretty unrealistic and artificially pumped.We shouldn't get too focused on the Bitcoin price during the holidays.
I expect the Bitcoin price to drop even further down to 40K USD,but there should be a steady pump in the second quarter of 2022,if nothing bad happens and there's no major FUD.


2606  Economy / Trading Discussion / Re: Worst exchange you experience for trading on: December 20, 2021, 11:14:27 AM
Probably youbit.net,HitBTC and Tradeogre(if I remember the name correctly).
That was 4-5 years ago,when ICO tokens were a thing.I wasn't fascinated by ICO tokens that much,so I wanted to sell them for BTC as quickly as possible.
I got lots of annoying spam emails from yobit.net about newly launching shitcoins,tokens and "investment plans".I also couldn't delete my yobit account,which was annoying as well.
I don't remember being scammed,but the overall experience was bad.
My experience with HitBTC and Tradeorge was a little bit better,but the withdrawal fees on both crypto exchanges were pretty high for some reason.
2607  Economy / Economics / Re: NFT and art theft on: December 20, 2021, 07:44:33 AM
The NFT is supposed to "prove" that the NFT owner is the one and only true owner of the piece of art.
He could prove his claims in court and he could demand for compensation when other people are using that piece of art without his permission.
However,without a good system to track and punish all the art stealers,the NFT system/marketplace is basically pointless.
Every NFT owner must have good lawyers in hand and he must be willing to go to court and sue all the stealers,who are copying and stealing his NFTs.
This costs a lot of time,efforts and money.That's why a lot of NFT owners won't bother to do anything against the people,who are copying the artwork from their NFTs.

I don't know.Perhaps buying an NFT is the digital equivalent of buying the real Mona Lisa,rather than buying a photo of Mona Lisa,which can be multiplied by 1 million copies and shared for free on the internet.
It's pretty difficult to measure the monetary value of art.


2608  Economy / Economics / Re: Advice for the season. on: December 20, 2021, 07:28:36 AM
People can do whatever they want with their cryptocurrencies.Selling them is one of the options.
Why are you even giving this advise?Are you too afraid that the people will sell their crypto and the crypto prices will drop? Grin
The holidays won't break people's wallets.I've never seen anyone going bankrupt due to way too much overspending in the holidays. Grin
Selling a few hundred dollars worth of cryptocurrencies in order to spend for gifts and food won't ruin my financial situation.
What makes January more special than all the other months?Do you have bigger expenses in January?
I usually don't spend more money in January,compared to the rest of the year.
2609  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: December 20, 2021, 07:10:40 AM

They still could get a prize by winning the europa league.

which i think the only title beside copa del rey that they coul reach this season.
it's prestigious enough , at least to get something to the fans and club also to avoid xavi contract terminatiom ... as you know what, i think he could get sacked early as well if barcelona didint have any progress or even worse.

No way.Barcelona can't win the Europa League.They are in a terrible condition and it seems that Xavi will have to work a lot in order to pull them off.
Barcelona won their match in the La Liga against Elche 3-2 and Elche scored two goals pretty fast and had the chance to get at least a draw.Barcelona is pretty weak at defense.
Atletico Madrid is pretty disappointing at this season in the La Liga.They got goals at the end of their games and they missed winning important points.Diego Simeone will have to get some new players in order to improve the team.
I'm pretty sure that Real Madrid will win this season of La Liga.
2610  Other / Off-topic / Re: First impressions on Craig Wright ( Satoshi Nakamoto ? ) on: December 20, 2021, 06:42:40 AM
The BTC community being divided about Craig Wright being the real Satoshi Nakamoto?Don't make me laugh.
The BTC community is actually UNITED around the fact that Craig Wright is NOT the real Satoshi Nakamoto.
If he was the real Satoshi,he would have proven this by providing a clear evidence years ago,and all this discussion would have been finished by now.
All he does is just shitting over Bitcoin Core and praising his forked BSV altcoin,while doing on some lawsuits and trying to "prove" his ridiculous claims.
If he was the real creator of Bitcoin,he wouldn't shit over and talk BS about his own creation,wouldn't he?

By the way,why do you like him so much? Grin


2611  Economy / Speculation / Re: Some important things about Bitcoin. on: December 19, 2021, 12:37:52 PM
OP,you are drawing conclusions from a bunch of lines,which are drawn on a bunch on charts.
I hate when technical analysis is done without fundamental analysis.
Do you know what caused the price crash in May?Do you know what pumped the price in October?
The BTC market isn't pumping and crashing by itself.There are factors,which are moving the market in a certain direction and you can't find those factors on the charts.The charts only show us the result of these factors influencing the BTC price.
We don't need your "analysis" in order to know that the Bitcoin price will rise and fall.We also don't need your "analysis" in order to know that Bitcoin will hit 100K USD some day.
Just learn more about technical and fundamental analysis,before posting on the forum.
2612  Economy / Economics / Re: Sharing and helping others on: December 19, 2021, 07:10:30 AM
OP,I agree with your post,but I also kinda disagree.
I think that poor people should stay away from the crypto industry,because:
1.Cryptocurrencies are very volatile and inexperienced people can easily lose their money,if they don't know what they are doing.If you are poor and you lose 1000USD,the loss would be way bigger,compared with some rich crypto investor/trader losing 1000USD.
2.There aren't many job opportunities in the crypto industry for uneducated people.The poor people really need a job and good income.They don't need to invest and trade,because they don't have enough savings/capital.
3.Crypto scams are still a thing.

The people,who are interested in crypto,must do their own research.There's plenty of info on the internet available for free.I don't feel good for trying to convince someone in the benefits of the cryptocurrency world.
2613  Other / Archival / Re: MAVE.GG | CRYPTO GAMBLING CASINO | CRASH | JACKPOT | CUPS | ROULETTE | FREE $0.1 on: December 19, 2021, 06:48:08 AM
Damn OP,this is the shortest and straight to the point forum post I've ever seen.
A website link(not clickable).I would never visit such website,because I don't want malware.
A twitter account,because every crypto casino needs one and no crypto casino in the world wouldn't survive without a Twitter account.  Grin
Twitter is the main place to promote gambling and crypto casinos.Am I right? Grin
An Imgur image link,which by the way can't load.There must be some problem with Imgur,or you just removed that image.
Seriously,you need to put much more effort in order to promote your casino and build a steady user base.
Just look at the multiple posts of crypto casinos here in the Gambling forum.Study your competition and try to improve what they are doing.
Gamblers might be addicted to gambling(some of them),but they aren't stupid. Grin
2614  Bitcoin / Bitcoin Discussion / Re: 90% is already there, only 10% is left on: December 19, 2021, 06:27:39 AM
The remaining amount of Bitcoins to be mined doesn't matter at all.
Only the BTC noobs get fascinated by such data.Does it matter,if the total BTC in existence will be 15 million or 18 million?It doesn't matter to me,for sure. Grin
The future of Bitcoin remains unclear,not because of the BTC community and blockchain,but because of the governments and central banks.You never know when some big country is going to declare Bitcoin and crypto illegal.The FUD will remain forever and the prices will remain volatile forever.
It's pretty easy to predict that the Bitcoin price will be going to the moon,if there was no FUD and the BTC adoption continues.However,this is not the case.
2615  Bitcoin / Bitcoin Discussion / Re: Fear is not Real. on: December 17, 2021, 12:45:50 PM
Quote
If there are no more new entries BTCitcoin will become more stable.

Nope.Bitcoin will remain volatile even if more people and companies join the BTC market and buy more BTC.
A few years ago,I also believed that mass adoption would make Bitcoin less volatile.I guess I was wrong.
FOMO is what drives the prices up.I guess that you don't know what FOMO means.Other forum members have already explained this.
Fear is real.Greed is also real.The financial markets are driven by people's emotions,despite all the analysis and emotional control the majority of the traders can't control their emotions.
The FEAR&GREED index exists for a reason.
2616  Economy / Gambling discussion / Re: Spanish card games on: December 17, 2021, 07:18:34 AM
Traditional game which is popular in one or few specific countries only is hard to find in global online casino especially in crypto world because it will not be profitable for the casino to provide such game if the players come from few countries only. Coming up to the game you are referring to, it is the first time I heard about it. I've been in this online gambling since more than 10 years ago (both fiat and crypto) but I have never seen/heard any casino provide this game.

These card games might be regional,but that doesn't mean that no one else in the world can't learn the rules and play such games.
The problem is that online casinos are focused towards being as convenient as possible for the gamblers.
This means that no online casino is going to bother launching new games,that have rules,which most of the gamblers aren't familiar with.Most of the gamblers are usually pretty lazy people,so they won't bother learning new game rules as well.They are going to stick with the simple and well known games.
Anyway,having new card games might be a breath of fresh air in the gambling industry.I got bored of poker games.
2617  Bitcoin / Bitcoin Discussion / Re: If I had bought bitcoin 10 years ago, I would have been a millionaire: Not true on: December 17, 2021, 06:50:37 AM
The reality is that they would not have been able to hold for so long even if they bought 10 years ago. Very few have the patience to wait till 100x or more. Most of the investors will be sold at the idea of 2x or 3x itself. Some of the people that were able to hold for so long were those who had invested and then completely forgot about it. There is one more category of people who had complete trust on BTC and thus they stick with it for years.

We already know that.
Back in the early days of Bitcoin,nobody would have expected that the Bitcoin price will hit 68K USD.
Nobody would buy BTC back in 2011 or 2012 with the idea of HODLing BTC until the price increases 10x or 50x.The BTC market had little to no liquidity and Bitcoin was viewed as a currency,rather than asset.
Bitcoin was praised for the low transaction fees combined with anonymity and privacy back then.The speculative nature of BTC became a thing after 2013 or maybe after 2016.
The only legit way to become rich is to work hard and build a business.All the effortless ways(like buying BTC and waiting for it's price to go 100x) are more like winning the lottery.It's nice in general,but easy earned money can be spent pretty easily as well.
2618  Bitcoin / Bitcoin Discussion / Re: Xi, Putin wants Bitcoin without wanting Bitcoin on: December 16, 2021, 12:23:28 PM
Quote
BREAKING: Satoshi Nakamoto has already invented what Putin, and Xi’s independent infrastructure to service trade between Russia, and China. Another way of saying, “we don’t want to be censored by sanctions”.

The Bitcoin price is too volatile and a large portion of the BTC miners are now located in USA and Canada.
Not a great choice for both Russia and China.
I think that China and Russia want to dump the US dollar and create their own fiat payment system,which will be independent from the global(US dominated) fiat financial system.Crypto will not be considered as a real option by the both governments.More like the ruble will be tied to the yuan in a fixed currency rate.
The western world is too afraid to impose sanctions over China,because this might backfire into the western economies,which are relying on Chinese goods and many western corporations are doing business in China.
2619  Economy / Economics / Re: Everything you wanted to know about ES Volcano Bond and were afraid to ask! on: December 16, 2021, 07:07:27 AM
Thanks for the forum thread.It was a long and interesting text to read.
Governments can turn any idea or project into thrash.It doesn't matter how good the idea/project actually is.
Just get some government clerks to run the project and they will destroy it and steal the money in no time.
The level of corruption and bureaucracy is multiplied by 10,if we are talking about underdeveloped Latin American countries like El Salvador.
The best solution for this "Bitcoin city" was to allow foreign investors to build the city and give them tax benefits.If there's no interest among foreign investors to build such "Bitcoin city" then such project shouldn't be realized,because it is pointless from an economical point of view.
2620  Economy / Gambling / Re: How I managed to play Atari Casino before it was officially launched on: December 16, 2021, 06:44:36 AM
1.Who cares about this Atari casino?
Is this going to be metaverse gambling?What makes metaverse gambling better than conventional online gambling?All the 3D graphics and the ability to use a VR?This doesn't make metaverse gambling better for me.
2.User access to this casino is no longer available,so what's the point of your post?I thought that you will post a tutorial about how to access this online casino,but I got disappointed.
I assume that you made this forum thread just for the sake of posting a link to your blog and Twitter account.
Sneaky way of self-promotion,I guess. Grin
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