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2661  Economy / Gambling discussion / Re: Fake bets on: October 21, 2021, 05:59:05 AM
The youtuber Coffeezilla has great videos about this topic.
Unfortunately marketing is 99% deceiving and dishonest.I'm not talking about gambling marketing.
The entire marketing industry is full of lies and deceptions.
I'm not sure that advertising gambling games and casinos is even allowed on Youtube and Twitch.
If it's allowed,then maybe it's time for Youtube and Twitch to step up and regulate all the  advertising of casinos and gambling activities,which happens on their platforms.
The gambling industry is heavily regulated on most countries in the world,and at the same time,gambling advertising is allowed on big platforms,without any restrictions.
I'm OK with gambling ads and promotions,as long as they are honest and not deceiving.
2662  Bitcoin / Bitcoin Discussion / Re: Tether and BTC's current price on: October 21, 2021, 05:34:23 AM
The debates about Tether having any reserves to backup their coin is continuing during the last 4 years.
I don't know why do you come up with the same question that has been asked multiple times for the last 4 years.You have a legendary account.It's weird that you still don't know how tether/stablecoins work.
All the FUD guys and Bitcoin haters keep pointing out that the main reason behind the Bitcoin price growth might be Tether creating stablecoins out of thin air.Those allegations had never been proven with solid evidence by any FUDster/BTC hater whatsoever.
2663  Economy / Speculation / Re: Fomo AGAIN? on: October 20, 2021, 11:47:02 AM
My FOMO is more like Fear of Selling Too Early and missing out on the higher price later on. Grin
I've sold my BTC at the wrong moment many times before,so I can't be bothered with buying BTC at the wrong time(right before a price correction).
I'm not like the FOMO traders,who wants to buy Bitcoins,when the market is on a bull run.
I guess that the Bitcoin market entered a FOMO phase,but I'm not going to buy any BTC,because I expect a price correction next week.
The FUD,that is coming from the governments and banks will grow for sure and the current FOMO phase will die slowly.
2664  Economy / Economics / Re: Will circular economy work ? on: October 20, 2021, 07:32:59 AM
I support the recycling of materials like plastic to be increased.
Less garbage wasted and less environmental pollution.
I don't know about whether or not the concept of "circular economy" would work.
There should be an incentive for the companies and households to join this process.
If recycling lowers the quality of raw materials,then maybe new types of materials should be invented.
Materials that don't lose their quality,when they get recycled.There's room for innovation.

2665  Economy / Gambling discussion / Re: BitcoinNews.com's UEFA Champions League Football Preditor Pool Discussion thread on: October 20, 2021, 07:11:20 AM
I definitely wasn't expecting Porto to win 1-0 against Milan.I guess that Milan still doesn't have the consistent performance they need.After all,they are on the best teams in the history of UEFA tournaments.
Anyway,I expect Barcelona,Bayern,Juventus and Chelsea to win their matches today.Seems like a safe bet.
Lille-Sevilla and Young boys-Villarreal seem like unpredictable games,but I bet that the Spanish teams will win.
Wofsburg-RB Saltsburg is weird.I'm not a big fan of German and Austrian football,but I assume that RB Saltsburg will win this game.
2666  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Coinbase Partnering with NBA and WNBA on: October 20, 2021, 06:41:50 AM
Cointelegraph announced Coinbase was Partnering with NBA and WNBA in a major crypto deal. Although the partnership will be more significant particularly to the NFT industry, it is also huge news for crypto in general.
This move is bound to take crypto a few steps closer to mainstream adoption. Glad to hear your comments about the news.

Bitcoin is already in the mainstream,despite the fact that it's not adopted by millions of people in their daily activities.
This deal is mostly about NFTs,which I honestly don't care about.I'm not a basketball fan,so I couldn't care less.I wonder why Coinbase would want to expand into the NFT market.Probably because of greed.
We have already seen several cryptocurrency related companies to sign sponsorship deals with popular sports clubs.Coinbase isn't doing something revolutionary or groundbreaking.The crypto businesses are getting bigger,so they have bigger advertising budgets.

2667  Economy / Speculation / Re: Microsteel keeps buying into BTC on: October 19, 2021, 11:42:37 AM
In 10 years time, Michael Saylor is going to end up being either a giga-brain genius, or a straight-up laughing stock. I don't think there's any in-betweens lol; he's just balls deep into bitcoin. MSTR literally owns 0.54% of the total bitcoin supply now.

I don't have any respect for this guy at all,even though he is a total 1000% Bitcoin bull.
There's something wrong about him and his Microstrategy fund.Investment funds usually are focused on managing the risks and diversifying the assets in their portfolio.
Microstrategy is all about "buy more Bitcoin and forget about anything else".
I guess that they want to attract all the investors,who want a high risk/high reward ratio.
So far he is doing great,but I don't think that Saylor has any plan B,when the shit hits the fan...
2668  Bitcoin / Bitcoin Discussion / Re: Jamie Dimon asks, “How do we know Bitcoin supply ends in 21 million”? on: October 19, 2021, 11:19:31 AM
I guess that JP Morgan wants the Bitcoin price to drop below 50K USD,so they could secretly buy some BTC,before the bull run towards 100K USD.There's no other logical explanation of this BS low quality FUD by Jamie Dimon.I mean he's not even trying to FUD properly. Grin
He could bring the "quantum computers will destroy Bitcoin" BS or maybe "a bunch of miners and whales are controlling the entire blockchain and want to scam the innocent people" BS.
Saying that BTC supply won't end at 21M is just stupid.Mining rewards decreases,BTC mining gets more difficult,creating Bitcoin out of thin air is impossible,and this guy comes up with this?
I'm like WTF Jamie?Why don't you put some effort in your FUD.Don't be lazy. Grin
2669  Economy / Economics / Re: Does the Dark Side of the Art Industry Foretell NFTs Future on: October 19, 2021, 06:42:13 AM
This is completely true.A piece of garbage might cost millions of dollars,only because it is considered 'art' or some 'artist' created it.I want to become an artist as well and I want to sell BS paintings for ridiculous amounts of money.Unfortunately,I will have to die,so the cost of my paintings could rise,due to the scarcity. Grin  
Selling overrated shit,just because the overrated shit is scarce...
This might seem unfair,but this is how capitalism works.Supply and demand.Limited supply and big demand leads to a high price.The object being sold doesn't matter,as long as there is demand for that object,and the supply of that object is extremely limited.
The sellers on the NFT market really want to exploit that side of capitalism/market economy.
2670  Economy / Gambling discussion / Re: Issue of fixed Matches on: October 19, 2021, 06:21:31 AM
I was with a friend today who was in a hurry to place his bet on some numbers that were sent to him for some football matches that he believes are fixed. I'm a bit confused how fixed matches work.

Are fixed matches real? Do the coach and players of teams were matches have been fixed, do they consent to it? If you were in a team were your next fixture has been fixed, what will be your reaction?


Yes,fixed matches do exist,but they mostly happen in the low quality leagues of the poor/underdeveloped countries.
Good luck trying to find a fixed match that is actually fixed.If somebody is trying to sell your such info,then he is most likely a scammer/snake oil seller.Info about real fixed matches is usually kept between the football players,who are betting secretly on fixed matches,in which they are playing,or maybe some mobsters.
Perhaps you could find info about fixed matches on the darkweb,but the chance of getting scammed is still above 99%.
I'm not a player,so I couldn't care less about fixed matches.If I was,my reaction would be calling the cops.
2671  Bitcoin / Bitcoin Discussion / Re: Advice: 1 BTC on: October 19, 2021, 05:56:02 AM
I can assume that OP doesn't have one Bitcoin.He's just a asking a question about a potential case scenario.
OP,if you really have one BTC,then congratulations.You are richer and more successful than 99% of all Bitcoiners so seeking financial advise from people,who are less successful than you are seems kinda stupid to me.
Does a rich person seek financial advise from the poor people?Nope... Grin
Anyway,If you don't really have one BTC,then the entire discussion is just gibberish.It's like asking "What will you buy or invest with the money,if you win the jackpot?"There's no point of such questions.
2672  Economy / Economics / Re: Entrepreneurs, money and investing - your culture on: October 18, 2021, 11:45:18 AM
I don't have enough information about the entrepreneurs in my country,because I usually don't talk to business owners and I don't have any entrepreneurs in my social circle.
However,I'm sure that the financial education and culture in my country is pretty low.Most people don't know how to calculate interest rates and they don't invest in stocks,hedge funds or cryptocurrencies.
My country had a socialist command economy between 1947 and 1997,so the government controlled all the companies in the economy.There is no advanced corporate culture like in some capitalist countries.
Talking about money isn't considered a "bad taste",but most people simply aren't interested in the subject.
2673  Bitcoin / Bitcoin Discussion / Re: Would you quit Bitcoin if a shitcoin like Ethereum surpassed it? on: October 18, 2021, 11:25:31 AM
There's no "choose A and dump B" type of situation in the cryptocurrency world.
Most Bitcoiners have no problem investing in altcoins,tokens,NFTs,etc. while keeping their BTC.
Choosing a particular altcoin/shitcoin or NFT to invest doesn't mean that every guy investing in the shitcoin would dump all his Bitcoins.
I would never invest in shitcoins,it doesn't matter if there's a possibility for a 10000% price pump of a shitcoin,I would never buy such coin.I wouldn't touch it with a 10 meter long stick.
I see that you are a little bit salty about this new Ethereum marketplace.I wonder why? Grin
Were you scammed by some altcoin/ICO token projects in the past,OP?

2674  Economy / Economics / Re: Do you think crypto will be the future for payments in space ? on: October 18, 2021, 06:43:05 AM
Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

Why don't we just colonize come planets,before we start thinking about payments in space. Grin
I think that the human civilization will be capable of colonizing other planets after the year 2100,if the Apocalypse didn't happen before the new century.
Nobody knows what will happen with the cryptocurrencies after 80 or 100 years.Cryptocurrencies might become obsolete by 2100.The human civilization might find other ways to reallocate resources,replacing the market economy and the use of currencies,both fiat and crypto.
I also don't think that the first human colonists would need currencies,when they arrive at a new planet. Grin
2675  Economy / Gambling discussion / Re: ⚽ English Premier League Season: 2021/2022 on: October 18, 2021, 06:24:47 AM
Today's game is going to be Arsenal vs Christal Palace where Arsenal Legend Patrick viera will be looking forward to seeing his team face his formal club now being captained by Mikel Arteta.
The encounter is really going to be a tough one,because  Viera wants his team to defeat Arsenal,while Mikel Arteta does not want that to happen,so he would be very careful in his tactics in order  not to enable Christal Palace win.
But I still bet Arsenal to win the match and rise to seventh place on the league table behind Manchester United. And it seems to be a must win for Mikel Arteta.

I still don't understand why the owner of Arsenal hasn't yet fired Mikel Arteta.
Arsenal definitely needs a better manager.Keeping Mikel Arteta as a manager for several years doesn't look like a wining move in the long term.Mikel Arteta is not Arsene Wenger or Alex Ferguson.
Crystal Palace is an unpredictable team.They are capable of winning or ending in a draw with the big teams sometimes.I wish Arsenal could win this game,but I have a gut feeling,that the game might end without a winner.
Arsenal has so much quality in their attack players,but the lack of consistency and the weak defense is a problem for them.They need to buy better defenders and a better goalkeeper.
2676  Bitcoin / Bitcoin Discussion / Re: ***BREAKING *** Bitcoin ETF is approved on: October 18, 2021, 05:58:30 AM
After so many years of trying, it was finally approved. This is indeed a good news and of adoption everyone is waiting for but nobody is actually actually talking about the base side of ETF. We all know real btc trade 24 hours a day and 7 days a week continuesly but ETF trade only Monday to Friday, this will continue to open gap during the weekends and even eliminate volatility completely.

OP,do you even read the posts above yours or do you want to just boost your post count? Grin
The ETF wasn't approved and even if it gets approved,the ETF cannot eliminate volatility completely.
Bitcoin will remain volatile forever,perhaps mass adoption could lower the price volatility,but no ETF or other financial derivatives will help for lowering price volatility.It's actually quite the opposite.Such financial instruments exist because of the price volatility of an asset.
I assume that 90% of the Bitcoiners still don't understand what an ETF actually means that how it is used by the investors.
Anyway,an ETF being approved won't be the bullish news that will pump the Bitcoin price to 100K USD.
2677  Other / Off-topic / Re: IS NOT YET TIME, WHEN DO YOU THINK IS THE RIGHT TIME? on: October 17, 2021, 11:15:47 AM
What's the point of this motivational post,OP?Is it somehow related to Bitcoin and the cryptocurrency world?
Here's my two cents.People don't need motivation,because motivation is a feeling.It just comes and goes.
People need discipline and they have to start building habits.Consistence is the key to success,not motivation.
I agree that time is the most valuable asset,because we can't renew it and we can't younger.
On the other hand,patience is also a really important skill,because we can't achieve success overnight.
2678  Bitcoin / Bitcoin Discussion / Re: Doctor Doom Nouriel Roubini now NOT anti-Bitcoin on: October 17, 2021, 10:48:21 AM
It seems to me that Nouriel Roubini is something like an attention whore.
He is desperate for people's attention and tries to stay in the spotlight by making various statements.
I guess that he was a big time BTC FUD guy mostly due to the "China is controlling Bitcoin" type of FUD.
Now,it is clear that China isn't controlling Bitcoin,so suddenly BTC became cool in the eyes of some anti-Bitcoiners.Who's next?Maybe Warren Buffet?

So he's not trustworthy, and he changes his words from time to time to catch the hype, IMO.

I thought everyone had heard of Dr.Doom, because they call him like that since he almost always predicts that something bad will happen - and when he does, they say he's a very smart and intelligent man who understands how the world works better than others. I had a chance to watch a few of his interviews (albeit unrelated to Bitcoin), and I have to admit I wasn’t left under any particular impression.

What I have noticed is that he lives very luxuriously at the expense of what he says, which means that he sells his visions of the doomsday of the economy very lucratively, and bad news seems to sell much better than good news.

If it took a man 10+ years to realize that Bitcoin has value, then he is a really great expert.

AFAIK,Roubini is a die hard fiat money fan and he wants the central banks to keep printing money to pump the demand in the economy.Also,according to him,the governments should spend more,in order to pump the economy.
Typical economy theory created by John Maynard Keynes.Nothing original and nothing groundbreaking.
The previous 2007-2010 global financial crisis was pretty easy to predict.You didn't have to be a genius, in order to see the Wall Street madness and the US Real Estate market insanity back then.
2679  Economy / Economics / Re: Reality Check on Crypto on: October 17, 2021, 06:57:48 AM
Quote
Most users are not ideological decentralization advocates

And so what?No Bitcoin user is obligated to believe in decentralization in order to use Bitcoin.
Bitcoin is a currency/financial asset.Bitcoin is NOT a religion or ideology.

Quote
Most users are decently served by the modern financial system.

Again...so what?If they are well served by the fiat system,then that's good for them.The crypto industry is an alternative to the banking system,but that doesn't mean that all crypto users are going to dump the banks or fiat money in general.
The "crypto vs.fiat" is just a competition,not a bloody battle,in which only one will remain.

Quote
Most users hate price volatility...

I hate price volatility as well,but that doesn't make me wanna dump Bitcoin.

It seems to me that this list of criticisms against crypto is out of context and the guy doing the presentation looks like Vitalik Buterin. Grin

2680  Economy / Gambling / Re: BetABit.Casino - Share Your Thoughts on: October 17, 2021, 06:29:00 AM
Calling me a scam after all the responses I've given and the very fact that I came here in the first place to openly discuss all these issues and concerns is extremely unfair and out of order. Slander without evidence is suable in a court of law. Please provide evidence.

I understand you ,OP,but it's normal for the gamblers to be suspicious,when it comes to new crypto casinos,especially new crypto casinos,that are using a well known and cheap gambling script.
Perhaps you have good intentions,but you will have to put the effort to build trust and prove that you are legit.
I don't like the approach of having the same script/template as other casinos.You can't stand out from the crowd this way.
I'm not sure that you have 600 active players in your brand new crypto casino website.
Seems like the "fake it until you make it" business approach to me.There's nothing necessarily wrong with that.A lot of small businesses begin with exaggerating their success,until they become really successful.
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