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2621  Economy / Scam Accusations / Re: FortuneJack making 120,000 dollars disappear from my account! on: November 01, 2021, 06:10:45 AM
Do you have any screenshots of your account,OP?Any valid proof?
If you really have been scammed with 120K dollars,creating a thread in the Scam accusation forum won't be enough.
You should call the police and get a good lawyer.Be prepared to go in court.
Sports betting websites are capable of such behavior.Sometimes winning bets get blocked,because they seem suspicious for the bookie.I'm not advocating on Frotunejack.Let's hear their version of the story.
Why were you betting with XMR?Using a privacy coin like Monero for gambling/sports betting seems weird to me.
2622  Bitcoin / Bitcoin Discussion / Re: What to do with whales? on: November 01, 2021, 05:43:14 AM
I think that OP is mistaking centralization with concentration.
Bitcoin being centralized means that the blockchain can be controlled by a small group of individuals or an entity,who can change the protocol.This isn't the case.
Large portion of BTC is being concentrated in the hands of a few early adopters,crypto whales,miners,exchanges.This is true and those people can influence the Bitcoin price and manipulate the market,but there are two things to consider:
1.They don't want the Bitcoin price to crash to extremely low levels,at least most of them don't want this.
2.They aren't united.Having 100 or 1000 crypto whales doesn't mean that they will act as a team.Most likely they will compete against each other.
2623  Economy / Speculation / Re: Bitcoin price: with 12 years from nothing to maturity on: October 31, 2021, 12:06:39 PM
Are you an astrology expert or something? Grin
I've never seen someone to make analysis of the Bitcoin price based on zodiac signs.
We already know that it is almost impossible for the Bitcoin price to hit 1 million dollars.You just need common sense and basic understanding of economy and finance.There's no need to be expert in astrology or numerology in order see this conclusion.
Why don't you create a horoscope for Bitcoin?That would be interesting. Grin
I guess that the future of Bitcoin is aligned by the stars.Everything is determined and we are all a bunch of puppets that have no agency and autonomy.The stars are what controls our lives,so we have to trust the astrologists more than any other experts and scientists. Grin
2624  Bitcoin / Bitcoin Discussion / Re: Slovenia getting ready to tax crypto. Will others follow? on: October 31, 2021, 11:43:03 AM
I'm confused by this info.
Is this some kind of a 10% transaction tax over all crypto-to-fiat and fiat-to-crypto transactions or is it a new income tax?If this is a new income tax,then why isn't crypto already taxed in Slovenia?
Isn't crypto taxed is almost all countries in the European Union?Why would other countries follow the example of Slovenia,since almost all of them already taxed their cryptocurrency users.
Getting a 10% tax over all transactions seems too much to me.I think that this isn't going to happen.

2625  Economy / Economics / Re: Financial Stability - Get yourself non ending economic circle. on: October 31, 2021, 06:43:44 AM
Having multiple income sources is easier said than done.
Do you realize how hard it is to work hard on several projects and develop them enough to bring you stable income?All the things that you have mentioned in your list require lots of work and consistency.
Most of the people just give up,because they aren't consistent,they find another "shiny object" or they simply lose faith.Being successful online also requires lots of patience and time.Developing a big social media profile or a popular blog requires months or even years of hard work and discipline(and you don't get paid from Day 1).
There are many ways to earn money online,but all of them are hard.Lots of people still believe that making money online is easy and comfortable.This is so far away from the truth.
Making money online is the same as having a 9/5 job.Sometimes it can be even worse,because a positive outcome of your efforts isn't guaranteed.
2626  Economy / Gambling discussion / Re: Fantasy sport as a unique business and entertainment or plagiarism and delusion? on: October 31, 2021, 06:19:53 AM
AFAIK,fantasy sports are a USA thing.I don't know about any fantasy sports websites in Europe or Asia.
I've tried to signup at Fanduels in the past,but they don't allow people,who are not US citizens.
How come playing fantasy sports isn't considered gambling?For some reason Draftkings and Fanduels aren't heavily regulated in most US states.
I guess that playing fantasy sports requires skills like making proper analysis.Luck isn't that important,so fantasy sports games can be exploited in some way,but this might be very difficult.I'm not an expert in the subject anyway.
OP,what was the point of making that "wall of text" type of forum post and including two links pointing to this data40.com website?
Is this your website?
2627  Bitcoin / Bitcoin Discussion / Re: Andreas' current use of BTC on: October 31, 2021, 05:54:13 AM
I've posted this before,but I have to post it again.
Bitcoin is "good money" because it doesn't lose it's value in the long term.
Fiat money are "bad money" because they lose their value in the long term.
The "bad money" always pushes out of circulation the "good money".This is called "Gresham's law".
Every smart person would spend his "bad money" and keep his "good money",because the "bad money" have to be spent,before they lose their value even more,and the "good money" have to be kept,because they preserve their value.
There's no situation in which everybody HODLs Bitcoin and nobody buys/sells Bitcoins.There will always be buyers and sellers of BTC.The HODLers are just waiting for a better price,but they will also sell.
Bitcoin can be used to buy goods and services,but if you have both fiat and BTC the smart decision is to spend your fiat and keep your BTC.Andreas is a smart guy.
2628  Other / Off-topic / Re: Facebook Plan To Rebrand Name To Meta on: October 29, 2021, 11:04:18 AM
Facebook stopped being "cool" years ago.In the last few years,Facebook turned into the social network of the old people.The young people moved to Instagram,but Instagram turned into Facebook 2.0 so the young people moved into apps like Tik Tok and Snapchat (which are totally stupid and cringe,but what else can you expect from kids and teenagers).
Zuckerberg wants to squeeze as much profits from Facebook and Instagram as he can.There's nothing wrong with that,after all,this is a business like any other business.Selling user metadata and maintaining a toxic and addictive social media environment are bad business practices,but they aren't considered illegal.
Maybe Facebook is doomed to become the new MySpace and disappear into oblivion.Changing the name won't help the company to become better.
2629  Economy / Gambling discussion / Re: Genting Casinos awarded for their safer betting standards on: October 29, 2021, 06:02:01 AM
The terms "casino" and "social responsibility" should not be included in one sentence.
What makes a casino socially responsible?Banning gambling addicts from gambling and wasting their money in the same "socially responsible" casino?Great,but the gambling addicts will just leave that casino and go somewhere else,in a not-so-socially responsible casino.
I have nothing against businesses,that are doing their best to be legit and honest with their customers,but this "socially responsible gambling" BS seems like hypocrisy to me.
The gambling business isn't a socially responsible business and it never will be.
That doesn't mean that I'm against gambling in general.People should gamble for fun.The addicts should be kept away from gambling.
2630  Bitcoin / Bitcoin Discussion / Re: Reason for bitcon flash drop. on: October 29, 2021, 05:42:53 AM
A financial derivative(like the ETF mentioned above) cannot bring the Bitcoin price down.
Bitcoin futures are just placing a bet about the future Bitcoin price.That doesn't mean that the BTC futures have any direct influence over the price.Having lots of Bitcoin shorting creates some expectations that the future Bitcoin price might be lower than the current BTC price,but that doesn't mean that those expectations will become reality.
The current BTC price drop is caused mostly by the hodlers and traders selling their BTC and taking the profits.This means that they don't think that bull run will continue towards 70K USD,so they are selling now,before the price drops.
2631  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: October 28, 2021, 11:32:57 AM
Deciding whether or not Solskjaer will stay as a Manchester United manager based on one game seems ridiculous to me.What if Man Utd wins against Tottenham(which is really possible),Ole keeps his position,but Man United fails to win in the next matches?
Losing 5-0 against Liverpool seemed shocking,but having a brand new manager at this point might be counterproductive.I'm not a fan of Ole Solskjaer,but the man deserves a second chance,despite a possible negative outcome of the match against Tottenham.
2632  Bitcoin / Bitcoin Discussion / Re: Good news through Mastercard. on: October 28, 2021, 10:57:41 AM
Mastercard might adopt crypto,but that doesn't necessarily mean that they will adopt Bitcoin.
They might decide to adopt some altcoin or token.They might create their own "mastercardcoin". Grin
I couldn't care less about this kind of adoption.

If that news is real, we may see a good thing will happen to the crypto as Mastercard has many customers interested in the crypto. It could attract their attention to invest in crypto or just buy and sell the crypto using their card in the exchanges, which can boost the crypto popularity. With Visa and now Mastercard, that can help the crypto get more users involved in crypto and hopefully, that can lift the price to increase.

The news about Mastercard might sound bullish for the crypto industry,but I'm very cautious about such news.Last year,everyone was excited about Paypal becoming crypto friendly,but the whole Paypal adoption was just a gimmick designed to fool the cryptocurrency enthusiasts.Paypal isn't crypto friendly and it never will be.Nobody can withdraw any cryptocurrencies from his/her Paypal account.
If the Mastercard crypto adoption looks like the Paypal crypto adoption,then I'm not that enthusiastic about it..
2633  Economy / Economics / Re: Inflation & Supply Chain Issues-How bad is it going to get?! on: October 28, 2021, 06:21:35 AM
There's a natural gas/electricity crisis in Europe.The prices are pretty high,which will cause inflation.
I don't see any problem with natural gas and/or electricity prices in the USA.What are you complaining about?
The inflation in my country is going to be bigger than the inflation in the USA,but I'm not complaining.
We just have to adapt and survive.The prices might go down after the winter(I'm talking about Europe,not USA).
I don't have any problems with supply chains in my country.I see news about USA having a shortage of truck drivers,which causes problems with logistics and supply chains.Is this true?
2634  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: October 28, 2021, 06:05:44 AM
Barcelona fired Ronald Koeman and they will try to hire Xavi as a new coach.
This seems like another experiment to me.Xavi is a Barca legend,but he doesn't have any experience leading such a big team.
Barca releasing Koeman was pretty much expected,since the performance of the team is a disaster.
I don't think that Xavi will change anything in how the team plays.Returning "Tiki Taka" won't be successful,because Barca doesn't have good midfielders right now.Perhaps Xavi won't be the new coach of Barcelona.
Good luck to the new Barca coach,whoever he is.
2635  Bitcoin / Bitcoin Discussion / Re: What's your strategy to carry on making money when Bitcoin turns bearish on: October 28, 2021, 05:48:12 AM
I don't make money via trading Bitcoins.I make money via having a job and working.I'm sure that 80-90% of all the crypto traders don't make any money out of crypto trading.They have jobs.
Even if the Bitcoin market turns out to be bearish,there will be ups and downs so there's a chance for every trader to take advantage of the price volatility and make some profits by buying and selling at the right time.
The current BTC price dropped a little bit and newbies start asking about bear markets.This is hilarious. Grin
Remember that a bearish market doesn't last for long,so there's no reason for panic.


2636  Other / Archival / Re: False Breakout ? on: October 27, 2021, 11:31:24 AM
The price growth of Bitcoin is not over,if we are talking about the long term.
However,I think that the possibility of a price correction is pretty big.
I don't know if the current price drop is caused by manipulation or it's just multiple traders and hodlers selling their BTC and getting the profits.
I had a feeling that the October price growth looks like a price bubble,so there will be a price correction and I guess I was right.This still might be a bear trap,or it might be normal price fluctuation of +/-10%.
I'm OK with the price dropping below 50K or even below 40K.There's nothing wrong with that.Another chance to buy cheap BTC. Grin
News about Bitcoin ETFs can't create the same level of hype they used to create back in 2016/2017.

 
2637  Bitcoin / Bitcoin Discussion / Re: TV Commercials & How they attracting more clients in crypto industry. on: October 27, 2021, 11:03:04 AM
Usually TV commercials are mostly used for raising awareness about a product.The process of persuading viewers into buyers is a lot more complex and difficult.That's why TV ads have a very low conversion rate.Most of the viewers aren't targeted and big portion of them won't be interested in the product at all.
TV advertisements are being shown to a "cold" audience,which have to be "warmed up" before making a buying decision.The viewers have to get into a so called "sales funnel" in order for the marketers of that product/service to increase the conversion rate.More targeted audience equals more sales.
I'm not sure how many Indian and Pakistanian cricket fans are interested in the cryptocurrency industry.
Probably not that many.
2638  Economy / Economics / Re: Would crypto gain full intrinsic value? on: October 27, 2021, 06:16:26 AM
I still don't understand what do people mean,when they say "intrinsic value"?
The value/price of Bitcoin is determined by supply and demand,plus the costs of mining.
The intrinsic value of Bitcoin is supposed to be the cost of mining one BTC.The supply and demand factor determines the price of one BTC.
The intrinsic value of BTC has nothing to do with the price of BTC being measured in dollars or euro.
The price volatility of Bitcoin will never change.If you hate price volatility and fluctuation,then just use stablecoins or some not-so-volatile cryptocurrency like ethereum or ripple.
Bitcoin/crypto will never be adopted as a "global legal tender" and that's OK.
2639  Economy / Gambling discussion / Re: gambling addiction is getting real on: October 27, 2021, 05:54:10 AM
Sorry to hear about you loss.This is terrible.
Maybe it's time for you to seek some professional help.Nobody in the forum is an actual expert about hot to deal with gambling addiction.Perhaps there are some gambling addicts,who got rid of their addiction.They are the right people,who can help you.I've never had a true gambling addiction in my life,so I can't give you any valuable advise.Saying "just quit gambling" simply doesn't work.
I've had a gaming addiction 3 years ago,but this is way less harmful than being addicted to gambling,drugs or alcohol.
2640  Bitcoin / Bitcoin Discussion / Re: HODL, HODL, HODL when can one actually sell Bitcoin? on: October 27, 2021, 05:35:48 AM
So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?

 How then do we say we have made money from it if we don't sell?

If your only reason for buying Bitcoins is to sell them for fiat money,then you are not a true Bitcoiner. Grin
I'm kidding.Probably 90% of all investors in Bitcoin are buying BTC for the one and only purpose to sell them and make more fiat money.There's nothing wrong with that,but Satoshi Nakamoto didn't create Bitcoin for the sake of being "digital gold" or a financial asset,like stocks and bonds.Unfortunately Bitcoin will never fulfill it's true destiny of being an actual currency,used by millions of people in their daily life.
Anyway,don't listen to anyone and sell your BTC whenever you want.
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