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2661  Economy / Gambling discussion / Re: Does knowing your sport and teams really make you better at betting on them? on: February 15, 2021, 07:14:28 AM
It definitely will make you better, if you just bet on the team without the knowledge that their players are bad then it means you are going to lose a lot of money. When it comes to sports, you just need to learn the basics, overanalyzing the game will be detrimental in your decision making process. Coaches play some part too, if they are famous or not is a big deal, they can strategize into doing a comeback.
2662  Economy / Gambling discussion / Re: Manny Pacquiao offered $10 million to fight Terence Crawford on: February 15, 2021, 06:36:26 AM
^^ I agree, as Manny matures and so is his ring IQ. Yes he still have that speed and others can argue that he is a bit tad slower, but he still has that timing to counter and he opts to get out in time as not to get counter like in the Marquez fight.

So this is still a very close fight in paper and could go in either direction. But if the fight extends to a 12 round, Manny's chances of winning goes up.
Manny will win a unanimous decision. But considering Terence is an undefeated, I think this fight will be exciting. The question is will the undefeated defeat the veteran or the other way around? But this fight wouldn't happen if Terence will accept the fight and Manny needs to manage his work schedule as a senator. 30 million USD difference is a big deal in this fight.
2663  Economy / Gambling discussion / Re: Three Indians arrested over illegal betting in ZACS on: February 15, 2021, 06:01:30 AM
In other words they asked for it.When they knew that in Bangladesh is forbidden any kind of gambling,their only choice was a VPN and cryptocurrency betting and they did not choose this.Any other option for them would have led them to arrest one time which unfortunately did.The lesson to be learned here is to only use tools which don’t compromise your freedom when betting in a country like Bangladesh where gambling is not allowed.
Gambling is still prevalent even if the country or the municipality prohibits it, the government underestimates the spirit of people that want to gamble, they will defy laws even if it is against their religion. I hope that this news sends waves to the people from Bangladesh that the rule of law is absolute and that they should follow it. The reason that they got caught is they might have been sloppy of their work and things slip up which lead to their arrest.
2664  Economy / Gambling discussion / Re: BTC price VS gambling on: February 15, 2021, 05:26:57 AM
The cost of tranferring BTC from one palace to another costs a lot. I use altcoins like XRP or whatever is available on the gambling site as much as possible to cut this cost. There are a lot of alternatives aside from Bitcoin, this is one of the disadvantages of the bull market for microtransactions.
I was about to do that but then, I have the fiat to go for a physical casino, it was just reunion with some gambling friends but it was fun, the expenses for transacting with bitcoin is so high right that I chose to go for a physical ones to play.
2665  Economy / Gambling discussion / Re: shittiest soft ware ever!! on: February 15, 2021, 04:53:13 AM
I wonder what casino is this Op talking about. If doubting the casino in the first place never risks to gamble. This is crucial before playing and risking your money in a casino is to always read the TOS. This will serve as your weapon throughout your gaming time in that casino. I hope your issues of withdrawal will be solved.
Definitely not one that is famous in this forum, if it were those casinos, I think that they were already flagged a long time ago. I don't read the TOS but I do agree with you that anyone that wants to play in that casino needs to read the TOS, but that only works if money is involved like in an online casinos. The problem with that is that if you find it unacceptable and you don't find any casino that offers the same, they will not allow you to play which is a fair but it needs to change.
2666  Economy / Economics / Re: Our boss and employer are money on: February 14, 2021, 05:27:00 AM
If you really want to become wealthy then let money works for you and that’s the strategy of many rich people because they know how sacrifice at first and when they succeed, they can just relax while the money is making them more rich. We should not think money as superior above all, we have to think Money on a different way and don’t let greed stop your from being rich.
Not everyone can do that, making your money work for you takes risk and not everyone can afford to take risk, some people only needs to take one risk for them to fail in life and fail those who depend on them, if you have a stable job then there is nothing wrong that you work for money. I do agree with you about money not being a superior but I disagree about greed because greed and strategy is what makes you rich.
2667  Economy / Economics / Re: Economist predicts demise of global central banks on: February 13, 2021, 08:20:30 AM
Even if an eventual death of central banks will arrive don't you think there will be other mammoths that will replace them? With all this ever-present technology, particularly in the payments & money realm, when it will be decided the demise of the old central banking some maybe more sinister entity will take its place.
It is a nice interview but I believe the game is already set (because it was rigged already).
Well, if the people were the cause of the death of central banks, I think that whoever or whatever replaces them will be easily deposed by the people, they are not like their predecessors that are deep rooted which means that they can easily be uprooted as they are still a young offshoot. The only way that the death of central bank will be unsavory for the many is when the private companies take over.
2668  Bitcoin / Bitcoin Discussion / Re: BTC vs GOLD on: February 13, 2021, 07:30:08 AM
Bitcoins and gold both compliment each other, Bitcoins provide unpredictable growth with high potential which is perfectly suitable for long term investment but its highly risky since it can crash anytime without any knowing. On the other side, Gold seems not to do much most of the time in term of increasing but it gives you safety and security and reduces the risk of getting stolen.
The only downside with gold is that you have to pay for storage and insurance but your investment is secured unlike bitcoin that relies on whether the owner is a stupid person that loses the keys and you are still guaranteed a return of investment in the long term, the advantage and disadvantage of bitcoin is its volatility, you will never know what you will get and most of the time, those who trust bitcoin gets big returns, it is up to the individual on how they are going to use that volatility.
2669  Bitcoin / Bitcoin Discussion / Re: JP Morgan once again trying to spread prevent mainstream adoption of Bitcoin on: February 13, 2021, 05:53:29 AM
What can we expect from a bank that is the nemesis of bitcoin ever since its inception? I mean what volatility exactly are they trying to blame? If they are blaming the bitcoin market then they do have some grounds, bitcoin is volatile but I don't think that in an overview of the economy, bitcoin is just a blip on the radar, obviously there are a lot of things in play in the economy and with bitcoin still in the lower numbers because there are still not that much users worldwide, I think that what JP Morgan is doing is not helping the case.
2670  Bitcoin / Bitcoin Discussion / Re: My Journey : Doubling my BTC investment on: February 13, 2021, 05:18:53 AM
This thread is good for telling anyone that it is never too late to invest in bitcoin. As it also does not matter how much you invest, the important thing is that you do not stay out because the time has come for bitcoin.

Some hope to earn their profit and sell it. I would recommend that only you sell what you need and the rest of the bitcoin that you continue to be your investment.
Bitcoin is our present and our future for which we must be bold.
People will still be uncertain no matter how many of this thread pop up about it, obviously they do not know about bitcoin so they have to thread lightly if they want to do some investing in it. I have to disagree with you about how much you invest, in this case size matters because if you put more into investing it then it means that you are putting your trust into what you are investing and when the time comes when you need to profit the rewards will be bigger for you. That is what I am doing, selling 30% of what I hodl and hodl the 70% having it increase in time.
2671  Bitcoin / Bitcoin Discussion / Re: If BTC were to permanently freeze at one price , would you buy ? on: February 13, 2021, 04:30:09 AM
If that really happens, it never makes sense to have this investment, we have to get back to our traditional business or invest in the local stock market. People will leave and step back from where they come from.

But this just only a presumption, Bitcoin will never stop nor be frozen. People love it already and they keep buying, investing, and make money from it. As long as Bitcoin remains to be decentralized, volatility still the thing we saw from it.
It definitely won't make a good investment but it will get its value increased on the streets, the market will not go up or go down means that people could get as much as possible and when the supply is running low, the people that are late to the party are going to want to buy bitcoin wherever there is one and when that happens, people that have bitcoin will try to sell it at an exploit so as to make money out of it and those who buy it will sell it to other at a higher price creating an independent from the market ecosystem.
2672  Economy / Speculation / Re: different price movement this time on: February 13, 2021, 03:52:33 AM
Based on the history of Bitcoin price after the halving event, so far, there's not any much difference from the past, and we could go through the same path. Price will reach all-time high, then drop and then start a new accumulation phase.
10-20% correction is too small if bear market begun to take place. Just the other week, Bitcoin dropped by almost 25% in 24 hours after a previous pump. Remember this is happening in the bullish phase.
The 2020 halving have a difference, the price increase persisted up to this day. With the involvement of institutional investors, the market will be different this time which is a good thing because predictability will lead to people getting less profit and making the market susceptible to manipulation.
2673  Bitcoin / Bitcoin Discussion / Re: Bitcoin advertising by celebrities. on: February 13, 2021, 03:12:58 AM
I don't see any manipulation from them, they never do the hypes anyway.

Take a look into how Elon did, there is a different result and I have to believe that not all celebs are influential.
Anyway, thanks to them for their support and let them do the help, maybe it could be recognized soon and their followers will show some interest in Bitcoin.
Advertisement is just a fancy word for manipulation, in a sense people remind you of things that you have to buy even if you don't want to buy one. Influence is just another factor to manipulate people, you have spoken through their hearts and they will follow everything you say, there is a reason why companies get celebrities to advertise their brand, they can manipulate the masses into buying or at the least checking it out.
2674  Bitcoin / Bitcoin Discussion / Re: Heroes of Bitcoin - A thanks to the many good people. on: February 13, 2021, 02:33:55 AM
Elon Musk? I don't think he qualifies. He has done nothing except buy some bitcoins. Putting "#bitcoin" in his twitter bio doesn't count as evangelizing.
If we were to put Elon there then we might as well put Michael Saylor on the list. But if in terms of supporting bitcoin, I think that he is on the same realm as Hal Finney, the only difference is that Hal was the first user, supporter and developer. In a way, I think that the word evangelize fits Elon's because there are some of his supporters that changed their mind when he started supporting bitcoin, we don't know if there is one but we know that he has a lot of followers on Twitter and the odds are higher that they were not firm believer of bitcoin.
2675  Bitcoin / Bitcoin Discussion / Re: Updated list of countries that are not friends to Bitcoin. on: February 13, 2021, 01:55:19 AM
AFAIK China only ban ICO and shutdown Bitcoin mining, but people can still holding Bitcoin [1]
China has the biggest bitcoin mine in the world, never thought that they were going to shut it down.
Iran is allowing Bitcoin mining and had Bitcoin ATMs,  so it means Bitcoin is legal on Iran [2]

Morocco and Egypt ban Bitcoin due to religion (most of them is muslim) but I believe in the future they will allow Bitcoin, since many countries with majority of muslim (e.g. Pakistan, iran, etc) are legal now.
Hopefully we can see them lifting the ban because I do not see any problems that might conflict with their faith, knowing that most of the countries with Muslim faith are already accepting bitcoin. Morocco is a US friendly country so I think that they will have no problem accepting bitcoin in their system or any foreign system for that fact.
2676  Economy / Service Discussion / Re: Elon talk about freewallet app on: February 12, 2021, 10:41:18 AM
They deserve it, Freewallet isn't free or wallet, because they collect your personal data, have full control over your coin and freeze your account with vague/stupid reason.
Never knew that part, that is unconstitutional if I am right, collecting big data to sell to corporations or data mine is an illegal thing to do. I am not surprised that they freeze accounts because I know for a fact that a lot of exchanges, wallets and gambling sites do it. The big data part is very difficult to understand because isn't it anonymous unless they have a comprehensive KYC in place.
2677  Bitcoin / Bitcoin Discussion / Re: People Say btc is Not ponzi but its look like ponzi on: February 12, 2021, 09:39:15 AM
If Bitcoin is a Ponzi, Gold is a ponzi also. People decide what value they want to put in a thing. No one is forcing anyone to buy or trade Bitcoin, its all up to you. Unlike ponzi, Bitcoin gain its value from people's demand. Just like any other store of money, Bitcoin has really no value (same as the paper money), but a community decide to out value on it. Bitcoin is more than just the traditional way of storing money, it makes a revolutionary system where holders has full control over their fund.
That is not how Ponzi works, Ponzi scheme works in a way that one investor's money is doubled because it came from the money of the other investor whilst the other investor waits for his money to double, they recruit people into investing in it and paying the older members. Bitcoin is not a Ponzi in anyway, are there higher entities that pay the old investors when a new investors come in? Absolutely not, because bitcoin is not a scheme, it is half asset and half currency which means that it is affected not only affected by investor but also by supply and demand. Bitcoin also has a limited supply while most Ponzi's will continue as long as there are recruits. People did not decide the value in paper money or gold, the higher class decided and the people trusted their judgment.
2678  Bitcoin / Bitcoin Discussion / Re: Without banks, is it possible to move physical currencies to Crypto? on: February 12, 2021, 08:49:36 AM
It is possible but the only way I know that fiat can be moved to crypto is buying the wallet that contains a fixed amount from a person. Applications that make fiat into an electronic money is an acceptable move too, applications that do that in my country doesn't need to be involved in banks like remittance centers. Some applications that I can think of is coins.ph, Gcash mobile wallet, Paymaya and Paypal. But in my experience P2P is the best because there isn't a lot of transaction fees involved.
2679  Bitcoin / Bitcoin Discussion / Re: Tesla Bitcoin purchase on: February 12, 2021, 07:59:04 AM
Very good question. I'm always leary of anything unproven.. But I hope it's there .
Also something about Apple, and bout visa to getting interested in BTC . I'm retired and in my life I came to wait for the real hard facts .
Anyone can speculate ,but it's better to be sure !
If Tesla was lying about their 1.5 billion USD purchase, then how will you explain the surge of bitcoin prices right after Tesla announced their purchase? We have to take their word for it even if we are skeptic about it. Hopefully, the rumors about these companies getting interested in bitcoin is something that will come to fruition, I agree that it is better to be sure but this are just rumors after all, we just have to wait for their announcement, sometimes the real hard facts are not facts until they are confirmed.
2680  Bitcoin / Bitcoin Discussion / Re: Bitcoin Energy Consumption Future Plans/Thoughts on: February 12, 2021, 07:20:32 AM
What you are pointing out has nothing to do with bitcoin because bitcoin or more precisely bitcoin miners are simply consumers of the electricity not the producers of it. How electricity is produced (renewable energies, less polluting methods, ...) is up to the electric companies.
What is needed to be addressed is not energy consumption but how much the mines spend on energy consumption. If they get to a more renewable source power plant or have their own power plant then they can dramatically reduce the consumption expenditure. The only problem with it is that there isn't a lot of money in mining these days so there is little to no big investors willing to put in their money. I know that there are other ways to reduce bitcoin's power consumption but I am still skeptic about it because it may interfere with its internal process which could disrupt things in the long term.
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