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2621  Economy / Trading Discussion / Re: Bitcoin the king on: November 02, 2021, 11:23:20 AM
Today I took my time to go round the market, there are more than 9000 cryptos in the market, but bitcoin is still the king. Now that many other cryptocurrencies are seriously pumping can they take over from bitcoin? If they take over from bitcoin can they last in that position like bitcoin?
What is your opinion.

OP,there's no point of asking rhetorical questions.Both we and you know the answer.Bitcoin is the king and this won't change anytime soon.Altcoins might get pumped,but this is only temporary.
From where did you get the info about 9000 cryptocurrencies on the market?Do you count all the tokens,that were built on top of ethereum as cryptocurrencies?I don't think that the tokens are actual cryptocurrencies.
90% of those 9000 cryptocurrencies are dead shitcoins with a ridiculously low daily trading volume,that are just sitting there forgotten by their developers.
I wonder what would be the altcoin that will dethrone Bitcoin,but I can't figure out what kind of features must be attached to an altcoin,in order to have a big advantage over BTC.
2622  Economy / Economics / Re: Getting things off your list. on: November 02, 2021, 07:20:53 AM
I kinda agree with your point.Things become more expensive day after day,so it's a good decision to buy them today(if you have enough money to buy them).I'm not a fan of consumer debt and getting loans to buy stuff you don't need.
However,houses,cars and furniture are liabilities,not assets(except some houses/apartments,it depends of the location).
A liability can increase your expenses,while an asset can bring you new income.You should focus on gathering more assets,rather than wasting your money on more liabilities.
I don't agree that you have to make fast buying decisions,when it comes to buying a house,a car or furniture.
You might regret for decisions that you have made,especially without enough thinking and analysis.
2623  Economy / Gambling discussion / Re: The Gambling increase due to the pandemic, stats, UK on: November 02, 2021, 06:54:20 AM
This research was conducted in the times of lockdowns.As we all know,lockdowns are a thing from the past.
I assume that there will be no lockdowns in the UK,since the vast majority of the UK population is vaccinated.
The lack of new lockdowns will change the habits of some gamblers,so they might reduce their gambling.
We all know that gambling(as well as all forms of addiction) is a form of escapism,so the people that suffer from such escapist addiction tend to increase the amount of time and money they waste on their addiction,when the times are more stressful.Increased levels of stress leads to increased desire to get easy dopamine in your brain,which leads to further sinking into addiction.
2624  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Stablecoin Regulation on: November 02, 2021, 06:31:40 AM
OP,your post is all over the place.
What's the link between SEC overseeing stablecoins and the monetary policy of central banks?
The "pandemic monetary policy" won't lead to the bankrupt of fiat money.There will be high inflation,but all the gossips and propaganda about upcoming hyperinflation are just ridiculous.Fiat money will survive.
I have nothing against the SEC regulating all stablecoins.The Bitcoin FUDsters keeping repeating this argument,stating that the stablecoins like Tether might be a big bubble backed by nothing and this big bubble is pumping the Bitcoin price and turning BTC into a big bubble.Let's see if the SEC can prove that stablecoins are actually a big "fractional reserve" bubble.
2625  Economy / Speculation / Re: Getting early 2018 top vibes! on: November 01, 2021, 12:24:49 PM
NFTs and shitcoins are being advertised because somebody allows their advertisements.
Crypto ads were banned by Google,now they are allowed again.Of course that all the shitcoin/NFT scammers are going to jump on that wagon and start promoting their shitcoins.
The market is always going a little bit crazy,when greed dominates over fear and the levels of optimism are too high.
I agree that NFTs/DeFi/Shitcoins are the new ICO scams(at least most of them),but they will come and go.
Bitcoin is here to stay.This new wave of greed will pump and dump all cryptocurrency prices(including Bitcoin).
The shitcoins will get dumped and they will disappear.Bitcoin will get dumped,but it will survive.
There's no need of whining about the current shitcoin/token madness. Grin It will go away,sooner or later.

2626  Economy / Economics / Re: What happened? on: November 01, 2021, 06:36:44 AM
The cryptocurrency market is joke at this point.
What's the point of almost all altcoins,since all of them are following the Bitcoin price?
Even ethereum,which is supposed to be the main competitor of Bitcoin.Why the ETH price still follows the Bitcoin price?In a normal market,the traders would dump one coin and pump another.For instance they would sell BTC and buy ETH,therefore pumping the price of Ethereum and lowering the BTC price.This doesn't happen in reality.I guess that all traders just buy Bitcoin+altcoins in a bull market,but when the market goes down,they just sell Bitcoin/altcoins and buy stablecoins or fiat.
Like I've said before-Altcoins aren't real competitors of Bitcoin,they are just an addition/supplement to Bitcoin,but this addition or supplement isn't really needed.   
2627  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.
2628  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.
2629  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
2630  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.

2631  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.
2632  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?
2633  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.
2634  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.
2635  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.
2636  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.
2637  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.
2638  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..
2639  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?
2640  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.
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