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2681  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How long can this BULL run last?? on: February 12, 2021, 09:02:37 AM
no one can pinpoint the exact time for that matter, while this bullrun market is the one we've been waiting for over 2 years. If you are a long-term investor or a long-term coin holder then this is a good opportunity to sell coins and make a profit.
I agree that while the market is still showing a good reaction it is not wrong to buy and trade short term.
because the market tends to go up and down even though in the end it will move up, you can still take profits when the market breaks or goes sideways.
I do agree that there is a good chance of trading and making money on quick trades at the same time, but when you can make a profit by just holding and that is a lot easier to make profit with lesser risks, many probably pick that as well. I do agree that there is money to be made trading and that is true but that doesn't mean we should stop holding as well.

For this type of situation I have a suggestion, have 20% of your portfolio aside for trading, that way your 80% will be holding and you will be putting your money into things that are bit names, bitcoin and ethereum and bnb and stuff like that and hold it. For the other 20% you could trade however you want, when it grows and it becomes bigger than 20%, you keep it and keep trading, if one day your trading becomes 50% because you traded a lot and earned money, just keep it that way, but do not put money from holding coins into trading.
2682  Economy / Economics / Re: Fiat and cryptocurrency on: February 11, 2021, 04:41:27 PM
Just to make this clear for everybody who still don't understand what cryptocurrency really is, it only became money when you spend it towards our needs and wants. This will become valuable when it's worth with our desired price which we ever desired to. Fiat is more than physical form, and cryptocurrency is more of digital figures that can be used through computers that used intenet connectivity through blockchain network that provides us convenience.
You could still have a worth or a value without even spending it, because you can buy digital currency with fiat and sell it for fiat which gives it a worth. So, if I buy bitcoin at 40k and sell it at 45k that means it has a value and I made a profit from that value. We haven't used gold for purchases in decades, it has been a very very long time since the last time people used gold as a means of transaction, but it still has a value, and in fact it is seen as one of the best (probably the best) store of value in the world as well, you put your money in there and your wealth never shrinks in the long term.

Of course this is viable for people who can put money aside. So, I think crypto is both like fiat a bit in which you can spend it to buy something, but also a bit like gold because bitcoin has store of value as well, it is somewhere in the middle of those two things.
2683  Economy / Economics / Re: Will Biden raise the federal minimum wage from 7.25 USD per hour to 15 USD? on: February 11, 2021, 06:50:45 AM
Will the US business suffer from the increased labor costs?
Will Biden and the democrats keep their promise?
Stupid question:Will the American working class buy more Bitcoin,if they have bigger salaries? Grin
Some economists say that the current federal minimum wage is way lower than the labor productivity,so increasing the minimum wage will lower the profits of the business,while boosting the consumption of the working class.
Everyone who thinks 15 dollars is "impossible" should realize that if the federal minimum wage kept up with the federal inflation, it should have been 23 dollars right now. Which means every business should be earning enough to pay people 23 dollars per hour, and if they do not offer that and they will "go bankrupt if they pay 23 dollars" that means they didn't increased their prices according to the inflation neither, and that is the wrong part.

We have tens of millions of jobs that corporations pay as minimum as possible, specially working people under 40 hours but do not make them work 10-20 neither, they make them work 39 hours exact so they do not have to give them benefits, and in the end we are talking about is 15 too much. 15 is not too much, 15 is exactly what every business has to pay and the ones that can't should not exist because they are failed business' if the only thing that makes them stay afloat is 7.5 dollars per hour difference, a good business would survive that and even more.
2684  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 11, 2021, 06:22:20 AM
Watch how FB will become "Free Fun Tokens" as the price of bitcoin rises then.  Cool They should have implemented the Lightning Network to prevent that route from happening imo. If Bitcoin keeps rising 1 satoshi wwill be more valuable than "$0.0020" which they give for 5 satoshis now.

This one has been coming up quite often recently. The base reward is now 4 Sats so with maximum low wagering reduction (33.5% of the base reward) that is getting rounded down to 1 Sat. After talking it through with wetsuit we're thinking of doing something similar to how the Moon faucets used to work in that the longer you wait to roll the more you get.
You would get a display counting up from 0.01 Sats and you can only roll when it becomes greater than 1.00 Sats. If it was 2.63 and you rolled you would get 2 and the counter would start at 0.63 for the next roll.
The Free BTC bonus for Reward Points would make the timer go x% faster.

What do you guys think and do you have any other ideas.
That seems as good as it gets, I do not think that it would really change too much of anything to be honest if it was just waiting around for getting paid. After all if I collect under 1 satoshi, and do it 4 times per hour, and combine get 2 satoshi I would end up with the same thing as getting 2 satoshi per 4 hour instead. That is actually even saving time for the claimer, instead of doing it every hour constantly, you would be capable of waiting around for it.

However I do suggest people to keep spending the free money they get back on lottery and gambling because if you are getting just few satoshi that is really not the optimized way to use this place. I have been around for years of course so it is easy for me to say this but I have spent some money on gambling and lottery so now I have 60+ satoshi per claim (I think it was 88 at one point but I might have claimed too much), that is a lot better.
2685  Economy / Gambling / Re: bustabit – The original crash game on: February 10, 2021, 04:32:59 PM
Does bustabit behave differently when I bet?

Sorry for the common question. I read the "provably fair" section of the site, I also read that bustabit don't behave based on the users bet... Then I have a question.

I have a script, I've let it run for 1 week straight all day 24h/24 in simulation mode and it didn't loose. Then, after that week I ran the same script but with real money, it survived 3 days and then it lost, so I've put more money and the second time it ran for <10hours before loosing.

Now I'm re-running the same script in simulation mode since ~10 days, always 24h/24, and didn't lost so far.  Has anyone experienced this type of situation? Was it a coincidence or not?
Also I am not entirely sure about the simulation you have could be 100% correct neither. Of course just like everyone said its variance and you should be either losing in 1 hour or winning for 10+ days and it is all possible, remember this is gambling and even though there is a mathematical possibility that you will always lose, there is also chance that you may win a lot longer than you expect and get out before that losing starts, the "you will 100% lose because of house edge" may not hit for more than you gamble, so you may actually get out before it happens.

So, if you gamble on simulation and win, and you gamble on real and lose, that means that mathematical loss happened in the real one, and only "hasn't happened yet" on the simulation, keep it going as long as you can and you will see that it will definitely lose there too because that is how gambling works.
2686  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: February 10, 2021, 03:59:44 PM
Elon is an eccentric billionaire, very very eccentric.

The question is, which billionaire isn't eccentric today? I can't think of many. His eccentric nature has also brought him the success he has.

But what I don't like is that he sparked the whole short action. He had to know that a lot of people are taking part who have no idea at all and are now faced with huge mountains of debt. I doubt that the stocks of the broke companies will recover again so that they can make up at least some of their losses. It's sad actually.
Honestly, many of them aren't. He is the only one I can think of when we are talking about who is more eccentric. Look at Jeff Bezos, have you seen him do crazy shit like this? Dude is quite and all to himself kind of guy, look at Warren Buffet, sure he says some wacky stuff but he is a regular guy on his life, Bill Gates? Keeps trying to help the whole world. Honestly I think it is quite obvious that the only rich guy in the world that would joke around about some meme coin, that is not normal.

I am not saying other billionaires have zero weird things, I am sure they all do, but none of them do it this publicly and none of them are doing it this weirdly, their weird things are less known and less weird. Hence Elon Musk is the most eccentric billionaire I know of and that will probably not change until some other crazy person becomes very rich as well.
2687  Economy / Economics / Re: PayPal cryptocurrency trading volume beyond expectations on: February 08, 2021, 08:20:44 AM
The intention was to use cryptocurrency as a tool to increase the userbase (i.e in order to gain new followers) and to venture in to one of the fields which has constantly shown very high growth rates. And I am glad that in the end it worked out well for them. And hopefully the other corporations would notice this and take steps to integrate Bitcoin to their own platforms.
Yeah, the move was more forced than adopted because paypal was observing the craze among customers regarding cryptocurrencies and them adopting bitcoin is more beneficial for them than it is for bitcoins. Bitcoins does benefit as we have more investors but overall paypal got the better off the decision.

You can actually buy crypto from paypal now? is it only for US? because i am not from US and can't find it on my paypal account. So how does it work? you can buy, sell and withdraw it to your own wallet like exchange?
I am not sure because I stopped using paypal long time ago when a scammer tricked me by reversing a payment and paypal never even tried to help me despite I was the one who is being scammed. I believe the buying of bitcoin is only for USA users, you are right.
2688  Economy / Speculation / Re: Since BTC doesnt open/close what time of day is the price most active volitile? on: February 08, 2021, 07:14:08 AM


According to one of the articles, "the most volatile period is 16:00 UTC / Noon EST / midnight CST on a Wednesday." During this particular hour, Bitcoin is said to be "36% more volatile than the average of all time periods." Moreover, Bitcoin is "least volatile period is 8:00 until 10:00 UTC on Monday."

Which means if one live in a different time zone, it will be affecting or crashing.
For them to conclude in this, I am guessing they might have monitored it for a year or more.
Personally, I feel this sort of thing is hard to monitor considering people's emotions are also a contributing factor and this have no timezone.
I think if you live in a world of global time zones and global deals that you do, you could sleep or wake up according to what you need to do. People need about 6-8 hours of sleep most of the time, sure you could live with less or you may want more but 6-8 hours is ideal and that is how it should be, meaning if you live in a timezone where you need to be awake from 1 AM after midnight to 7 am in the morning, you could do that, sleep at 8 am in the morning, wake up about 2-4 pm in the afternoon and just keep living like that forever, it is really not going to change too much of your life.

When you are hanging around with your friends that usually ends before 1 am anyway (and not even happening now because of covid) and people usually do not meet up early morning neither, so you could have all the things you want in life while still sleeping on early hours and even afternoon so time zone could be arrange according to whatever you need.
2689  Economy / Gambling discussion / Re: Floyd Mayweather vs Curtis Jackson (50 Cent) on: February 07, 2021, 09:02:48 PM
I really doubt that this will happen. We are talking about Floyd Mayweather and 50 cents here, I get that this "celeb fight" thing became a bit more famous these days, and there are few who does it, hell maybe a decade ago even Canadian president (back then he wasn't) did it, so I get the hype for it, but I am not really fine with the fact that it should be between a famous celeb versus a real fighter, that part is a bit weird and doesn't really attract me.

What is the point of watching Mayweather beating some celeb? I mean we all know he could destroy them in under one minute if he wants to, will he do it or not? I do not know but he CAN if he wants to that is the important part. I know that 50 cents would want to fight and beat Mayweather but we also know that it is impossible for him to do that and he knows that so he is not going to even attempt at it.
2690  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 07, 2021, 04:48:52 PM
I wonder why. He must have his reasons which I'd like to hear tbh.
He was very cautious about it being stable and reliable enough. There being enough people using it to make it worthwhile and all the complications of implementing it. This isn't something that's going to happen immediately because there is a lot of work involved in making sure it is both reliable and secure.
I do agree that the future of bitcoin is definitely with LN because these huge insane transaction fee's can't keep up forever, the more people get into bitcoin, the more rich people there are in bitcoin as well, even if just 1 out of 1000 new people are rich, that still means thousands upon thousands of people come into bitcoin and that makes more rich people here who doesn't care about the transaction fees, so it keeps going up and up.

However I definitely 100% agree that it is not today, LN is great and it is the future of it but there is really a good amount of time we will need to be there, in order for freebitco.in to implement it and make it something viable, we need at least 25%+ of all bitcoin people to actually start using LN and we are not there yet, or at least have good amount of exchanges implement it first, until then it is just in theory.
2691  Alternate cryptocurrencies / Altcoin Discussion / Re: Doge Coins? on: February 07, 2021, 03:58:11 PM
is it a joke or what?

when you didn't even know what a cryptocurrency was, dogecoin was funding the jamaican bobsled team for the Sochi 2014 olympic games


If it is just about dogecoin being fast and cheap, we could also use Tron as well, which is not a "joke" coin and it is definitely fast and cheap as well, why would I pick doge for it? Or I can use wave, I can use nano, I can use so many things.

The reason why Doge is cheap and fast is not just because of its tech, it is also because there isn't that much transactions going back and forth like ETH or BTC has, that is the real trouble that causes those things to have high fee, they are not internally screwed just so it would be high, they are in fact working to make it work, the reason why it is not doing that good is the fact that they have so much and doge type coins have so few. In the end doge is still a joke coin, there is nothing wrong with buying it, people can keep buying it if they want to, the problem is that it is not taken seriously and those pumps make it hurt even more in the long term.
2692  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO investment criteria and advices on: February 07, 2021, 03:10:47 PM
Now IEO, which are conducted by such exchanges as Binance, look more promising and more profitable. Also, almost all IDO, which are analogous to IEO, but are conducted by decentralized exchanges, from the very beginning of sales bring a profit of hundreds of percent in a few days. But the problem is that it is very difficult to buy such a coin at the price of IEO, since the number of people who want it is very large.
I think those decentralized ones are a lot better, we are not doing that bad with them neither, they are definitely doing better than expected, and that is what we are after here as well, doing not that bad and doing better than expected in these. Most look like scams to me, but when I look at them over course of few months they are doing great.

Defi investments on early days and waiting for a long time will result with a lot of profit. I personally did a bit of investments, I have invested into 4 defi projects so far and all 4 of them did returned me a great deal of profit, I really like it and I will continue to do it. I have managed to make 5x return from them total and as long as it continues like this I will continue to invest more and more, if I did another 5x in 3-4 more months I am going have a decent profit to actually start making enough for a retirement fund all via defi, not to mention my other investments.
2693  Economy / Trading Discussion / Re: Don't buy what you can't hodl. on: February 07, 2021, 02:16:42 PM
"Don't buy what you can't hodl" is the headline! Warren Buffett said "If you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes."
And I agree with that, it's why when you trade with bitcoin or some coin you believe in the long run, you don't cut losses, you just wait for the price to rise again and set up new ATH!
And like I always say, you can't trade if you don't have some holdings! When you choose your pair you need to have a nice bankroll of each of them if you wish to be successful in the long run, with all the changes around!
That is a marvelous statement, however you have to realize that trading and what warren buffet does is not the same thing. Trading is buying and selling as quickly as possible to make as much profit as you can in a quick period. If I can buy now and make 1-5% profit in one hour and get out, I will definitely do that as a trader, not that I am a trader, I am an investor and that is what I do, but I just think that traders think this way.

Warren Buffett is an investor and he thinks he needs to find stocks that are undervalued, buy them, hold them until they are overvalued or even forever, and that's it, he rarely ever sells his positions. This is very very different from trading, if you buy and hold that means you are not trading at all, hence I think it is not really that shocking that people may want to get out in couple hours and that is acceptable.
2694  Economy / Trading Discussion / Re: Trading bot vs. you -> who's better? on: February 06, 2021, 08:30:31 PM
Still learning trading tips&trick and now I reached this chapter of trading with bots.

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?
The question is a bit wrong because the bots also work on your filled data and strategy so I mean the bot is not going to trade of its own, I know some bots like that also exist but that is mainly copy trading because someone has to fill the data and mention how the bot is going to operate.

The bots and scripts are all made to reduce the workload and reduce the errors which we humans often do. A common error I can tell you when trading is, there are various sell orders on the market and you by mistake click on the higher selling bid. It happened to me I believe a few times already so to avoid things like that you can use bots. If you believe you can do it of your own, no need to buy those scripts/bots.
2695  Economy / Gambling discussion / Re: What has been your longest streak of dice losses using martingale ..? on: February 06, 2021, 04:24:41 PM
One time in a casino I saw at the roulette table that at least 10 times in a row the number was red. Two friends of mine and me decided to go over to the table and just all our money to bet on Black with a martingale strategy. In the end we lost all, in total we saw 15 times Red and one time the 0. I m just glad we didn't have so much money left that evening to begin with.
The real life casinos are rigged in some cases so did you checked for the magnet below the table? Cheesy.

15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged.

Personally I don't use martingale strategy too much but I had a losing streak of around 12 on PrimeDice long time ago and that is where I actually learned how provably fair works.
2696  Economy / Gambling discussion / Re: The gambling black market thrives in Britain on: February 06, 2021, 10:37:29 AM
Have you ever used illegal black market to make a bet ? Gamble ? When the normal opportunities were not available ?
I have used "black market" gambling in a sort of way, I gamble on crypto sportsbooks and thats not allowed in my nation, we already have sportsbooks that are legal here but their odds are nowhere near the same, they are very very bad, and they are not paying good for both sides as well, if it was just favorites with lower odds but underdogs higher odds I would understand but they are paying low odds for both sides and even the draw.

So, I do gamble on black market because places that are legit and allowed screws you over with the odds and do not pay you great deal of profit, which is why I think it is obvious that we are in a situation where black markets are a better option to gamble than real sportsbooks. Even if a place that we all love in black market ends up getting a legit license, they turn to being worse, so basically being licensed and legit makes a place worse.
2697  Economy / Gambling discussion / Re: Newbie gambling sites on: February 06, 2021, 06:41:01 AM
Primedice is a good platform if you want to play dice game. They have been operating since I started to know bitcoin.

Bustabit is also a must-try for newbies, their game is very simple. You just have to set your bet and watch the multiplier go above 1x. Your winnings will be your base bet multiplied by the multiplier. If the multiplier gets busted before you cash-out you will get nothing. It's a fun a game if you want to lessen your boredom.  Cheesy
Oh yeah I often forget about how good Primedice always is despite being one of the oldest in the industry if not the oldest, they have constantly updated and made sure the players don't feel bored. The only problem I see with primedice is that they are not changing and adding any games with time and a casino as enormous as PD must add games slowly but surely to remain competent.

I play at bc.game and they are really good with some unique games and another good site to play is wolf.bet but if you want the best bonuses and VIP programs you can also try betfury because they have some really good bonuses and VIP program, never played much there though.

Also you can check BTCGOSU guide for best casinos - https://www.btcgosu.com.
2698  Economy / Economics / Re: What We Should Learn From Elon Musk Influence on: February 05, 2021, 04:17:50 PM
This is something similar to the brands that we are using in our daily life. If a famous celebrity endorses this particular product we are enticed to try that product too. These influencers should not abuse their popularity causing some people to ruin their life. Like Elon's influence, some people panic buy something even if it's too late. Being an influencer has a responsibility because your followers can be easily affected by what you do or say.
Influencers are basically the root of all commercials right now and bad things about spending money on useless things. There was a great quote in the show mad men (show about advertisers) "love is something we created to sell nylons" and basically it is making things quicker because there is more depth but that has been the case for a lot of years and I think it is kind of true.

Do you know how "proposing marriage with a big diamond ring" started? Guy who  created literally worthless diamonds because diamonds are just compressed coal, decided to market his worthless and useless diamonds as something special to give to ladies, when you buy it from them it worths shit ton of money but when you want to sell back it is worthless and you do not get 50% of your money back, probably more. Basically people turning cheap stuff into very "wanted" expensive stuff is what influencers do.
2699  Economy / Gambling discussion / Re: Gambling strategies & tips from professional players on: February 05, 2021, 02:11:40 PM
I am completely against this topic due to these reasons:

1. In gambling no strategy nor tips will work for everyone as those are only playing 20% role in deciding final results as 80% role is belonging to luck factor.

2. When you agree with my 1st reason, there cannot be any professional players existing in gambling as your luck factor cannot be a consistent one to help you all the times.



If gambling is meant for entertainment then why you need any tips? To lengthen your play? I do not agree this as no tips will work forever. I have seen most gamblers do spend their time in gambling life in search of a perfect strategies and testing them.
2700  Economy / Economics / Re: Risk-takers always ahead financially on: February 05, 2021, 08:47:08 AM
I don't think it is a good idea to compare life to gambling, yes risk taking but gambling seems a little overboard. In gambling, over time you lose money and in life I don't think that it will be the case, no matter how many times you lose, there will always be times when you can stand up and win back everything. You are right about the success of risk takers though, but that shouldn't be the only trait of a successful person, we have to take note that without hardwork the risks that you take will only lead to your failure. I wouldn't say that all risk takers are successful, in my opinion without calculating the risk, the chances of you succeeding is close to zero.
I think that is basically gambling as well, no matter how many times you lose there will be times you win in gambling as well. My explanation that gambling and trading are very different is the simple fact that there is house edge in gambling, and there is nothing like that in trading or investing.

In gambling house edge means that mathematically speaking you can't win, sure you could have small ups here and there but if you keep gambling over time it is 100% guaranteed that you will definitely lose money, in trading/investing you could lose money but it all depends on your knowledge and luck, there is nothing 100% guaranteeing you losing money there, you have 50-50% chance to win or lose and it is always 50% and not 49.5% to 51.5% like in gambling world. So at the end of the day for me the difference is the house edge, that makes the worlds difference.
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