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2621  Economy / Gambling discussion / Re: 2023 NBA Season on: August 04, 2023, 08:26:01 PM
The Lakers giving Anthony Davis $186,000,000 with a three year extension seems a bit insane given how much time he has missed. He’d better start staying healthy for the amount of money they’re giving him. 62 million dollars when he only plays about 50 games in a good year seems like like overpaying. I sure hope that contract doesn’t come back to bite them.
2622  Economy / Gambling discussion / Re: 2023 NBA Season on: August 04, 2023, 05:27:17 PM
The most talked trade this summer is still on the advantage of the Miami Heat. That being said, the trade about Lillard is now composed of a 4-team trade because the Portland insists that they don't want Tyler Herro on their roster, they just wanted a 4-5 future round picks, specifically first rounders. Hence why 4 teams are now involved in it.

A New Damian Lillard 4-Team Trade Where Everybody Wins

Portland Trail Blazers Receive: James Harden's expiring contract (can be flipped later), Kyle Lowry's expiring contract, Jaime Jacquez, Nikola Jović, a 2028 first-round pick from Miami, a 2030 first-round pick from Miami and a 2030 second-round pick from Chicago

Miami Heat Receive: Damian Lillard, Jusuf Nurkić, a 2029 second-round pick from Philadelphia and a 2028 second-round pick from Chicago

Philadelphia 76ers Receive: Zach LaVine, Tyler Herro and a 2029 second-round pick from Portland

Chicago Bulls Receive: Tobias Harris' expiring contract, Caleb Martin, Keon Johnson, a 2029 first-round pick swap with the 76ers and a 2030 first-round pick from Philadelphia
Source: https://bleacherreport.com/articles/10084438-a-new-damian-lillard-4-team-trade-where-everybody-wins

What do you guys think about this?

It looks like the Blazers are planning to rebuild their team and become the next Rockets considering they want to get so many draft picks for Lillard. Overall this deal looks good, although I think the Heat would be making a mistake if they parted ways with both Herro and Martin.
By the way, I just now noticed that next season is a player option for Harden, which means he has the right to become an unrestricted free agent. So if he really wants to leave the 76ers, I wonder why he hasn't exercised that right yet.

I don’t think next year is a player option for Harden. He just resigned an extension a few weeks ago, so it would be really weird if the first year of his extension was a player option…

Miami is going to end up messing up their future to get a season with Dame, but it’s their best chance at getting a chip before Butler ages any more.
2623  Economy / Gambling discussion / Re: Jake Paul Vs Nate Diaz boxing Aug 5th on Dazn PPV on: August 04, 2023, 05:25:17 PM
Jake Paul is saying that Nate Diaz has accepted his offer to fight a MMA style rematch after this fight. That seems a little strange since this fight hasn’t happened yet, but I get the feeling they both know Jake is going to win. Maybe Nate getting beat up is part of the deal for him to get his $10 million to choke Jake out in the octagon.

Did they inked that yet? Because there should be some contracts involved if ever a rematch like that will happen as we both know that often times, Jake Paul is just saying things that he doesn't even mean and it's just to hype their fight. Besides, we all both know that he will not last that long inside the octagon against a fighter like Nate who would gladly choke him to death until he taps. It's quite interesting but it's much more interesting if it's already inked.

It could be the other way around because Jake had been training himself with MMA fighters to exactly go beyond boxing as well. They will need that to be written otherwise it will just be hype but once in the cage, Jake will beat his ass before squeezing the life for 2-0.  There is no way Naate is still in good shape by the looks of it, he didn't train seriously, he is just there for the money that Jake will pay him to be whacked.

Nate had to put on some weight so he said most of his training was eating and lifting weights, not even training to box. I only have $20 on Jake at the moment but I feel like I might have to up that a bit before the fight.

As for the MMA matchup, it’s already stalled because they both want the fight to be with their own fighting organization.
2624  Economy / Speculation / Re: Can 1 satoshi be worth $1 in the future? on: August 04, 2023, 07:41:28 AM
I believe the intended best case scenario for Bitcoin’s price was to reach 1 cent per satoshi. That’s not to say it isn’t possible that it could go higher, just that it would take some unforeseen event to really help tank the dollar in order for it to happen. At that point even a dollar per satoshi might not necessarily give you the buying power you think it would.
2625  Economy / Speculation / Re: Should we rely on prediction? on: August 04, 2023, 12:48:39 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. CLICK HERE

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Math doesn’t lie. The halving is real and so is demand for Bitcoin. What exactly the price will be during the next peak I can’t say. It’s basically a guess. What I do feel good about saying though is that sometime in mid to late 2025 is when the peak will occur. If there isn’t any more shenanigans from FTX style frauds, it should be a blowoff top that will be very obvious when it happens.
2626  Economy / Gambling discussion / Re: It's on! 2024 US Presidential Election Biden+Harris Vs Trump Bitcoin betting.... on: August 04, 2023, 12:46:09 AM
At this point, I don't even know why people like Pence and other Republican runners even try to win if they know how strongly Trump has influenced on the American people.
It's simply for vanity. Even though they have no chances and are aware about it, it's still an opportunity to appear on the media with some frequency, what means people will talk about them and recognize their faces with more importance on an eventual senate or government's run futurely. Most of these potential candidates appearing on the media are there for marketing reasons solely, as they know to not have any chances in a dispute for presidency, although they are also aware to appear right now can be a worthful boost for their personal businesses and professional careers...

Besides of it, perhaps they could actually pocket some money from donors. De Santis initially managed to stockpile a good amount of financial support (it is quite less now) and I assume both Pence and Halley have a attracted some Republican businesspeople with some spare money for political antics.

I won't matter anyways, as we get closer to voting day the donors will realize who the actual Republican nominee will be. At this point, It would take something extraordinary to happen for Trump to be unable to secure his place in 2024.

Though, I have said before that Judges and prosecutors won't dare to go as far as exclude him from the race, that would certainly unleash much unrest in USA and the civil society, one does not need to be a political analist to guess that.

It’s definitely to pocket money from donors. Period. These politicians hire their families to work on their campaigns and they use their friends’ businesses as vendors for anything their campaign needs. It’s like getting a hundred million dollars to hand out to friends, family, and business associates. Obviously Mike Pence knows he doesn’t have any chance at all of winning. It’s all about the money.
2627  Economy / Gambling discussion / Re: Jake Paul Vs Nate Diaz boxing Aug 5th on Dazn PPV on: August 04, 2023, 12:44:00 AM
Jake Paul is saying that Nate Diaz has accepted his offer to fight a MMA style rematch after this fight. That seems a little strange since this fight hasn’t happened yet, but I get the feeling they both know Jake is going to win. Maybe Nate getting beat up is part of the deal for him to get his $10 million to choke Jake out in the octagon.
2628  Bitcoin / Bitcoin Discussion / Re: Bitcoin Promotional Material on: August 03, 2023, 04:59:45 AM
It's just an old fun gag that got traction on 9Gag back then, whereas people stick these on public walls and such. Nothing serious; just harmless, unadulterated fun.

Indeed, it is all just in good fun. I’m not trying to start a movement or anything. I did a quick search to see if there were funny promotional style flyers like the one in the Simpsons cartoon shown, but couldn’t find any. I figured maybe some folks might try their hand at a flyer design for our amusement if they had the time.
2629  Alternate cryptocurrencies / Altcoin Discussion / Re: TRON is bad coin, here is why on: August 03, 2023, 04:56:14 AM
TRON seemed like a cash grab that worked out so well for Justin Sun that he ended up trying to turn it into a legitimate project. The whole thing seems illegal to me with TRON owning Napster or whatever it was that he did. I think the danger with investing in TRON is a total loss if Justin Sun is found to have broken laws and the upside doesn’t warrant the risk.
2630  Economy / Gambling discussion / Re: My new favorite betting method. on: August 03, 2023, 04:54:27 AM
I'm not sure if you are trolling or not.


The logic behind this betting method isn't complex at all. You bet $2 on x2 and on the next bet you sum +1 to the bet amount and it looks something like this:
You don't have an infinite bankroll. Eventually, you will hit a losing streak so large that it bankrupts you.

Quote
$10,000 - x10,000
The casino sets its own betting limits based on its risk profiles. Nobody would take this bet because it could bankrupt a casino.

I’m sure there are casinos that would take that x10,000 bet, but you’re right that there are no for sure gambling methods. The longer you play, the more likely it is that you will go broke. Methods like this seem like they’re great and will always win you money, but when it turns on you it will bankrupt you as stated. There are no free rides.
2631  Economy / Gambling discussion / Re: 2023 NBA Season on: August 03, 2023, 04:51:15 AM
Brian Windhorst came out and said that no other teams outside of Miami have come forward to seriously make a trade offer for Damian Lillard. I’m not sure if it’s his contract, his age, or other teams are just trying to respect his wishes to end up in Miami, but it’s starting to look like Lillard might be a Trailblazer next season. I’m not sure how good that will be for his reputation if he’s disgruntled after being labeled as the most loyal player in the NBA.
2632  Bitcoin / Bitcoin Discussion / Bitcoin Promotional Material on: August 02, 2023, 09:20:20 PM
I saw this cartoon and thought it was pretty funny. It had me wondering if a real flyer like this existed that people could print out and put up in places. I’ve seen threads about stickers, so I’m sure there must be a thread with printable promotional material. Anybody got a link or maybe someone wants to help create cool printable stuff like this (talking about the flyer in the cartoon, not the cartoon itself).

2633  Bitcoin / Bitcoin Discussion / Re: 18, holding my bitcoin and looking forward :) on: August 02, 2023, 08:49:44 PM
Owning nearly $30,000 worth of Bitcoin at the age of 18 is pretty impressive. I don’t believe I had that much money saved at that age. While you are setting yourself up great, I think it’s important that you should also try to remain debt free while diversifying in an income generating equities portfolio. If you can manage to grow your assets and stay away from debt you will be extremely wealthy in the future.
2634  Economy / Speculation / Re: A technical view of Bitcoin's Current Market Situation and what to anticipate. on: August 02, 2023, 08:46:17 PM
It'll probably just spend a few more weeks bouncing around on either side of $30k, and then break out to like $33k-$35k late August or September.

We will see, I also have the feeling that we will get into or break $30k again. That is the biggest barrier so far, however, we have breach it already and pushing as high as $31k, just not enough momentum.

And what the OP is pointing out is what we have seen been playing, although I would extend the support line at $28k. Which we eventually reach but then we have a quick bounce back to highs of $29k.

I am also in the wishful thinking camp. It always gets a little scary at the bottom of the trading range though. The market has sure felt like it’s been drifting lower lately and during a time when funds and microstrategy have been aggressively buying. I think that shows signs that the retail investor is starting to be effected by the economy’s slowdown.
2635  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Says SEC Told It To Delist Everything But Bitcoin: Report on: August 02, 2023, 08:43:33 PM
I thought I saw that he actually denied the government said this and instead claimed it was a rumor. I guess I will have to take a look at his twitter account and clarify that for myself. I did also see that he said Coinbase was going to implement the Lightning Network. Considering how he seemingly always felt it was garbage, I could see that his company being faced with possibly only have Bitcoin trading could result in him extending an olive branch to the Bitcoin community.
2636  Economy / Gambling discussion / Re: 2023 NBA Season on: August 02, 2023, 08:25:18 PM
What do you guys think about this Bradley Beal story? Has he lost a step and this should be a concern for the Phoenix Suns? Is this a wake up call that he needs to get back in the lab and do some work if he wants to be successful next year? Maybe Bradley Beal had an off day or this kid is just the next big thing? Interesting story no matter what.

2637  Economy / Gambling discussion / Re: Why is Gamble gaining more fans than Bitcoin? on: August 02, 2023, 08:01:10 PM
^ Besides being difficult to compare, I’m not so sure it’s even a true statement over a long enough time frame. Bitcoin has gone from nothing to being worth nearly a trillion dollars in just over a decade. Gambling has been around much longer and surely hasn’t kept up with the infinite growth of Bitcoin in the last 15 years. It is a question of metrics.
2638  Economy / Gambling discussion / Re: [ADVICE]Boy Wins $46k from Sports Bet but Can't Tell Strict Religious Parents... on: August 02, 2023, 07:57:56 PM
Why as an adult he feels he should tell his parents is the real question. Is it a my house my rules type of situation? If so, I would think this win is more than enough for him to get his own place and start getting his life together. $46K would get him a couple years on his own and hopefully he could find a job and stop being a freeloader. I promise you his parents won’t be upset.
2639  Economy / Speculation / Re: 50K on the way and I am Still Alive on: August 02, 2023, 07:54:29 PM
-snip-
There has to be some obvious reason why $100k makes sense, I think halving is one of them instead of just bitcoin's popularity. Increased adoption and real use cases will also push prices higher due to demand, but still we need to be patient about longer time frames instead of short terms. Maybe 2-3 years from now we'll see $100k or more, but it could be less than 2 years from now.
Another 2-3 years may still be reasonable enough to reach ATH $100k, and that price is really what all crypto users are waiting for.
Halvings will be the cause of all this and indeed the development of the real adoption of bitcoin use also provides impetus for bitcoin to continue to push its boundaries.

But not everything goes well, there are many people who are also against Bitcoin or crypto because they cannot be fully regulated.
Just hitting the last ATH at $69k is good enough.
Halving will occur in 2024 and 2025 hopefully the highest price that everyone hopes for can be achieved.

I think that’s a good take and we will likely see a new all time high in 2025. Bitcoin does have a major test in front of it though. It has never seen a real recession and the fed seems hell bent on causing one to stop inflation. If it gets bad then people and companies might have to capitulate. However, if that doesn’t happen I think over $100K in 2025 is almost a certainty.
2640  Bitcoin / Bitcoin Discussion / Re: How Much Bitcoin Does MicroStrategy Own In 2023? on: August 02, 2023, 08:34:44 AM
They just keep buying and buying... I wonder what the implications will be now that they're close to owning 1% of the total Bitcoin supply...

And how are they using their Bitcoin holdings to enhance their business intelligence services and products anyway?

They are relentless buyers. Saylor has basically turned his company into the first Bitcoin spot ETF. As for how he’s using Bitcoin to enhance his business services and products… I don’t think he is yet. He’s using Bitcoin holdings to increase the value of his company and allow for creative financing to purchase more BTC, thus increasing the value of his company more.
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