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2741  Economy / Economics / Re: Chinese loans leaves many countries in "hidden debts" on: October 03, 2021, 06:39:42 AM
China isn't that rich,so they couldn't throw money at the underdeveloped countries in the form of financial aid.
The Chinese want to profit from their financial activities and they want to expand their influence across the world.This is normal for a global super power.Are we going to play the "China bad,USA good" game?
It's strange how many people view the financial expansion of China as "bad" and "suspicious",while the financial dominance of the USA/Western world is supposed to be "good".
US,UK,CA,AU and EU corporations and banks were also giving loans and getting the natural resources of the underdeveloped countries.Why nobody is talking about them?
2742  Other / Archival / Re: Why do most (if not all) casinos ban users’ accounts if have more than one? on: October 03, 2021, 06:16:23 AM
Why casinos don't allow multiple accounts:
Reason 1:Exploiting casino bonuses.Already mentioned by most forum members.
Reason2:Many casinos have affiliate programs,where the affiliates get paid a commission,if a user signs up via their affiliate link and deposits money.Sometimes the commission can be bigger than the initial deposit.
Casino affiliate programs are well known for being quite generous and offering big commissions.
Some of those affiliate programs might get abused by the affiliates creating multiple accounts.That's why the casinos don't allow multiple accounts created by one user.
2743  Bitcoin / Bitcoin Discussion / Re: Chinese are turning towards other means of trading on: October 03, 2021, 05:52:13 AM
A recent article reported that China's outlawing of crypto transactions backfires: more Chinese are turning to underground projects and decentralized exchanges without the CCP's control. Do you see global implications for the crypto market?


That was pretty much expected.I don't think that the Chinese government has the resources to control the financial activity of hundreds of millions Chinese people.CCP would need millions of clerks.
The only global implication for the crypto market would be the fact,that there won't be a major crypto price crash,at least for now.The crypto traders got used to the China FUD,so they aren't panicking that much.
By the way,If you want us to discuss "a recent article" ,why don't you post a link to the source?
2744  Economy / Gambling discussion / Re: ⚽UEFA Champions League Discussion Thread -- Group Stage! on: October 01, 2021, 11:34:46 AM
I feel that this thread is too focused on the big western clubs and the football megastars like Ronaldo and Messi.This is quite normal,but there are other teams playing in the UEFA Champions League.
I was surprised that Zenit defeated Malmo 4-0.I thought that both teams were kinda equal,so the draw was my bet,but I was wrong.
I also wasn't expecting Inter to not win against Shakhtar.
Sheriff defeating Real Madrid was awesome.I've never liked Real Madrid. Grin
My bold prediction is that Real Madrid and Manchester United won't get to the quarterfinals of UCL.
Maybe one of those teams won't get out of the group stage.
I'm 99% sure that Barcelona won't get out of the group stage,so there's no need to predict this. Sad
2745  Economy / Gambling / Re: I am a bookmaker worker. Want to share info with you on: October 01, 2021, 06:14:39 AM
So you are saying that you have insider information about games in the Russian football league?
And you are a bookmaker,not a football player or a coach...Really?
To be honest,I don't believe you.
I don't understand your offer.You want someone to give you foreign sports betting accounts,on which you will bet with your own money?Or you want someone to bet his money on the games that you show him and you both are going to split the profits?This sounds sketchy.
Why don't you just try to create the foreign sports betting accounts by yourself and bet with your money?
You will keep all the profits for yourself that way.Am I right?




2746  Bitcoin / Bitcoin Discussion / Re: The misconception when buying/investing in Bitcoin on: October 01, 2021, 05:43:10 AM
This misconception exists only for the people,who are really ignorant about Bitcoin and how the Bitcoin Core blockchain works.More and more people became aware about Bitcoin and more people know that Bitcoin can be divided into bits and satoshis.We live in 2021,not 2011.Bitcoin is famous and people aren't that dumb,at least the majority of the people. Grin
Anyway,it would be completely fine if we could just stop using one Bitcoin and it's price for the main criteria.
Using one satoshi instead would be great,but I guess that everything,that is being sold for BTC will be measured in millions of satoshis,which would look weird.Perhaps one bit is better than one satoshi.
2747  Economy / Economics / Re: How would the ecosystem change if the fees came back to the user after 1 year? on: September 30, 2021, 02:10:36 PM
A cryptocurrency cannot exist without miners and transaction fees.
However,I assume that you want us to imagine and theorize over a hypothetical payment system,that has no transaction fees(and probably no miners).
Well,if the fees came back to the users after one year,then the users will be incentivized to create as much transactions as possible,since they will get back the fees after one year.Such payment network will get stuck due to the multiple spam transactions,the confirmation time will become ridiculously slow and the network will simply block.
If you ever want to create such altcoin and such blockchain,good luck. Grin
2748  Economy / Gambling discussion / Re: Blockchain and Gambling on: September 30, 2021, 06:48:38 AM
The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible. Sad
2749  Bitcoin / Bitcoin Discussion / Re: Advise on Bitcoin Ban/Regulation to the US government on: September 30, 2021, 06:19:42 AM
Bitcoin/crypto is regulated in the US.Does the US government want to impose even more regulations over the cryptocurrency industry?
Why Elon Musk suddenly started to care about the crypto industry?He dumped Bitcoin a few months ago,the Bitcoin community hates him.I think that nobody in the US government cares about Elon Musk's opinions.
The is article seems like hidden FUD,because it suggests that there's a possibility for the US authorities to ban Bitcoin and cryptocurrencies in general.Such possibility exists,but the chances are way lower,compared to the China crypto ban. 
2750  Economy / Trading Discussion / Re: Mr Goxx, the crypto-trading hamster beating human investors on: September 29, 2021, 11:59:13 AM
So basically some "attention whore" decided to attract some attention and get in the newspapers by turning a hamster into a cryptocurrency trader.Great job,that guy received his 15 minutes of fame.
A hamster(or any animal) doesn't know what he's going and can't make any rational decisions.
I really doubt that the trading decisions made by this hamster are purely based on luck.Even if they are,then what's the point?Proving that crypto trading based on pure luck and guessing is better than crypto trading,which is based on technical+fundamental analysis and trading signals?Yeah,that would be an interesting experiment.
2751  Economy / Speculation / Re: Bitcoin price is in a downtrend, will it last long or temporary? on: September 29, 2021, 11:36:33 AM
The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

Is has been stated many times on the forum that:
1.September is a bad month for Bitcoin.
2.China FUD strikes again...

Are you so desperate for a 50-60K Bitcoin price?It's not the end of the world,if the Bitcoin price remains under 50K for the next months.I was expecting a bull run by the end of the year,but everything will be fine,if such bull run doesn't happen.A new Bitcoin ATH will be delayed for the next year,I guess.
Of course that Bitcoin price trends are temporary.It doesn't matter if it's a upward or a downward price trend.
Also,It depends of what do you mean by "long".It can be several weeks,a few months or a few years.
If we are talking about Bitcoin,long term means several months.

2752  Economy / Economics / Re: Are Bitcoin ETFs really important? on: September 29, 2021, 06:51:47 AM
Bitcoin ETFs being approved means large Bitcoin adoption among the institutional investors.This would be definitely bullish news for the market and a growing hype around Bitcoin.Maybe a new price bubble would be formed in the short term.
This means increased demand for Bitcoins and a higher Bitcoin price.Other than that,I don't see why Bitcoin ETFs should be considered "really important".I mean,the crypto industry is doing just fine without Bitcoin ETFs being approved.There was a huge hype around "will the SEC approve Bitcoin ETF" a few years ago,now it seems like nobody cares about this type of news anymore.
2753  Economy / Gambling / Re: ✅ OddsBase.net - Historical bookmakers odds base on: September 29, 2021, 06:23:35 AM
Quote
This database serves as a tool for analysis and prediction of game outcomes. Now, with the help of this base, each player will be able to analyze future games referring to old games.

Analyzing future games by using old games doesn't seem like a good analysis to me.
For instance,Barcelona had a great team 6 years ago,with Mesi,Neymar and Suarez,so their results were pretty good and the odds for Barcelona winning a game were close to 1.Nowadays,Barcelona sucks and the odds for them had changed.How the hell can do you use the old odds for Barcelona to analyze their future odds?
I don't get it.Maybe I'm not an expert in sports betting.
The price seems fair,but I highly doubt that anyone would use this database for analysis.
Good luck with this service,OP.
2754  Bitcoin / Bitcoin Discussion / Re: Bitcoin tipping on Twitter on: September 29, 2021, 06:00:13 AM
You can now get paid in bitcoin to use Twitter

Official link
https://www.cnbc.com/2021/09/23/you-can-now-get-paid-in-bitcoin-to-use-twitter.html

What do you think about this feature ?

I don't care because I don't use Twitter and I'm not planning to register a Twitter account.
This feature was pretty much expected,since Jack Dorsey is CEO of Twitter and probably the biggest Bitcoin supporter.I remember that there was a similar third party tipping service for Twitter,but with fiat money.
Receiving tips and donations doesn't seem like a good business model to me.Perhaps Twitter can create a marketplace(similar to Facebook marketplace)where the people can exchange goods and services for Bitcoin payments.That would be nice.
2755  Bitcoin / Press / Re: [2021-09-24] China Says All Crypto-Related Transactions Are Illegal on: September 28, 2021, 11:26:16 AM
China's loss will be the world's gain. It's only a matter of time before they realise their mistake & do a huge U-Turn.

No.I don't think that China is ever going to step back and adopt cryptocurrencies for the second time.
Dumping the crypto industry won't be a big loss for the Chinese economy.On the contrary,the Chinese economy might even get some benefits-less carbon emissions,more electricity for the manufacturing business,less capital being exported out of China by using cryptocurrencies(if they successfully fight illegal financial activities,which is questionable).I kinda get the point of view of the Chinese communist government.
Anyway,Bitcoin and the crypto world will be far better without the constant FUD coming from China.
2756  Other / Archival / Re: Historical Impact of China's Crypto Bans on Bitcoin Price on: September 28, 2021, 11:05:25 AM

They are been so manipulative recently and actually we cannot see any huge effect happen to the market since I think many are already aware that the moves they make at this moment is simple fuds which the main intention is to create panic to the market, maybe they are into something which they can get benefit but one thing is for sure is they will not totally block or ban bitcoin in the long run since its a huge loss for them if they do so since remember bitcoin is already a multi billion dollar industry or maybe we can say a trillion with the whole and its a huge money lose for them if they will not allow bitcoin usage to their country.

This time the ban is real.The previous news about crypto bans in China were mostly about crypto trading.
Anyways,I don't think that the Chinese government is going to regret losing tax revenue from the crypto miners and crypto traders located in China.This tax revenue was an insignificant amount,and the Chinese communists simply wanted to kick out all crypto miners from China,so they could reallocate more electricity to the industry and to chow the world that China is "green" and "friendly to the environment".
Pushing the digital yuan is another part of their agenda.
Bitcoin would have been stronger with China on our side,but on the other hand,Bitcoin will be fine without China.
2757  Economy / Economics / Re: US with problems to raise the debt ceiling... again on: September 28, 2021, 07:27:26 AM
The republicans did the right thing by blocking it. Biden just want to borrow trillions of USD and then spend a large part of it on the most unproductive sectors of the US economy. It is just like putting all that money in to a black hole. Unless the Democrats come up with a more unbiased plan, the GOP should block whatever bill they bring. The US federal debt has already crossed $28.8 trillion, and now stands higher than the GDP. GOP needs to oppose it, because when they get back to power in either 2024 or 2028, they will face issues from this ballooning debt.

I don't believe that the Republicans will be stupid enough to cause the default of the USA.Such default might cause a gigantic global financial crisis,maybe a new Great Depression,in times of a global Pandemic.
This seems like the perfect disaster,and the Republicans might take all the blame for causing such disaster,so I don't think that they will keep blocking the debt ceiling increase.
Like other members said,there will be some drama in the US congress,but both parties will eventually agree to an increase of the national debt,because there aren't any alternative solutions to the US debt problem.  
2758  Economy / Gambling discussion / Re: No vaccine no entry Casino house! on: September 28, 2021, 07:10:30 AM
I was faced with real-life situations in my city over the weekend, I visited a casino house close to my residence to have some fun time but on getting to the casino gate I was stopped by security at the gate and they demanded a covid 19 vaccine card which I don't have at the moment and I was denied entry I felt embarrassed but I have no option than to turn back. Is the situation the same in your neighborhood?

I have never visited a casino in my entire life.I'm gambling online.I live in a small town and there was a small casino,but it was closed recently.I've never played any games in that casino. Sad
Being restricted due to not having a vaccine seems like discrimination to me.I'm glad that the COVID rules are pretty liberal in my country and the government won't allow such discrimination.
I guess that you will have to follow the rules and get vaccinated,if you want to visit a casino,which by the way,seems like a stupid reason to get vaccinated.Do you have a gambling addiction,OP? Grin
2759  Bitcoin / Bitcoin Discussion / Re: Bitcoin(Cryptocurrencies) is a social movement? on: September 28, 2021, 06:41:09 AM
Do you consider Bitcoin(or cryptocurrencies) in general a social movement? If you consider so, social movements need a formal organization to support the movement. Is there a formal organization behind Bitcoin?

No,I don't consider Bitcoin/altcoins to be a social movement.
The term "social movement" is more related to political parties,non-profit organizations,human rights movements,religious movements,etc..
Bitcoin is a currency/financial asset and the blockchain technology is a payment network/system.
The Bitcoin/crypto community is definitely NOT a social movement.The people,who own a certain financial asset cannot be called a "social movement" or a "community".
We don't need any formal organization to "stand behind" Bitcoin.
2760  Economy / Trading Discussion / Re: 10x leverage above are simple ways the avarage are losing to the rich on: September 27, 2021, 11:45:09 AM
Asking why 100x leverage trading exists is the same as asking why gambling and casinos exist. Grin
It exists because there are greedy people,who want to win lots of money with almost no efforts.
The risk/reward ratio is very high and the people who are using leverage can "bet" small amounts and get big profits,if the price goes in the right direction.
Leverage is just a cool feature and the crypto exchange platforms are offering this feature in order to gain more customers.This is competition,market economy and capitalism.
The traders are using leverage at their own risk.The government can step in and regulate the amount of leverage,but the risk lovers will just run away and choose another crypto exchange platform,located in another country that has more liberal rules about leverage trading.
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