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2761  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi - the niche within a niche and incredibly small community on: September 22, 2020, 06:58:24 PM
Defi really doesn't make any sense to me, because most of the time owners take a huge cut as well and there is too much power within few people and I am not fine with that. If a project is destroyable by few people that means I should not get involved with it, same reason why I haven't gotten into ripple ever because I know creators have that power and I am not fine with it neither.

Defi is not something you should get in if you want to stay long and want to see how it works out in the end, it is something you should get in and get out very quickly with the hopes of making a quick profit, if you can do that it did its purpose but if you can't do that then it failed. That is all there is to defi, a quick profit to be made from it and nothing more.
2762  Alternate cryptocurrencies / Altcoin Discussion / Re: Dollar cost average on Altcoins on: September 22, 2020, 06:28:46 PM
If you are trying to do dollar cost averaging on a coin that is brand new or just not a good one, you are not going to like what happens when you do that. After all we are talking about an altcoin and we have ETH as altcoin as well as some small brand new 20k marketcap type incredibly unwanted coins as well. So which one you deal with changes the result of the dollar cost averaging as well.

If you buy ETH at 400 dollars and rebuy at 340 dollars to drop the average that will be a good move because eventually eth will go back up anyway, it would result with a good profit, but if you go into some small unwanted coin and buy at 7 cents a ton and when it drops to 2 cents you keep buying a ton, you are not going to really like what happens because it will drop even further down.
2763  Economy / Economics / Re: UK planning sliding window lockdown methadology on: September 22, 2020, 05:57:43 PM
Well, the idea that some places will be locked down is better than no place is locked down at all. Obviously a better option would be to lock everything and every place down and not to have anything, but we know they won't do that so instead of having zero lockdowns and letting people get sick and die, at least having this version is better so that people would get better with place to place.

This is going to be easier in rural places and places with less population, but the dense places like London for example will be a lot harder, how are you going to lock that many million people down for a period of time? If you can lock London down you could probably lockdown rest of the nation quite easily as well. Hopefully we will see great results from this experiment.
2764  Economy / Economics / Re: Boris is right a second lockdown could cripple UK economy. on: September 22, 2020, 05:22:30 PM
The cartoon is actually quite on the nose for many many things in the world. Right now things are not as bad but if nobody does anything about it it will become bad and because it is not bad right now nobody does anything about it. Same with climate as well, it is already bad right now, Australia burned down a lot, California burns down every few years, things are not looking good, but people still don't do anything about it for some reason, we need to do something in order to prevent a catastrophic situation but since we are not there yet people do not react enough.

Since not that many people are dead and economical breakdown would look worse for a government, they do not do anything about it. If they do, economy will be worse and that would be horrible.
2765  Economy / Economics / Re: Economic Privileges as Hostage: How it could Push Countries Toward China on: September 22, 2020, 04:24:41 PM
What people do not understand about sanctions and to try and rule other nations as well with it is the fact that every nation has their own rights to put up sanctions against another nation, if you need them it is your own problem. For example if USA puts up sanctions against China and china sees this as a bad thing but Americans don't care, that means it is a problem for china not for USA.

Same goes for Philippines as well, if you ever think that EU putting up sanctions against you is a way for them to control you, that means you are not strong enough to live yourself and you need EU to continue, which is by nature is wrong and you should fix that. Nobody should be forced to deal with other nations to be good to begin with, you should be good without them as well, you should be nation that people want to trade, not threaten you with it.
2766  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 21, 2020, 06:46:17 PM
Let's not generalize but somehow there are people who's earning a living in gambling, Don't forget we have have pro poker players who earning a fortune by playing, read the article here https://upswingpoker.com/top-ten-best-poker-players-history/ but this is a skill based game though. But if we talk about luck based game then I will agree with you and even popular streamers cannot get a continuous revenue by just solely playing.

Yeah I think a lot of people are misled by the numbers. Yes, there are streamers earning hundreds of thousands, or even millions, but most of these are just sponsorships that won't last forever. And trust me, in general, they put a lot of it back into their gaming. It's not going to be sustainable for a lot of people. Can't ever generalize anything, and very few people realize that only skill gets you a job in the end.
Poker is a totally different thing, every single hand is legit equal between all the gamblers there and it is all based on how talented you are to actually end up winning that one, if you are really good you could actually make it work however that is something all equal to everyone, house doesn't get involved at all you can take all the money other person has and as long as you are a good player there is nothing stopping you from doing that.

Regular luck based is not like that, it is based on house edge which means when you win you get 99 but when you lose you lose 100 and that 1 difference is literally the reason why you can't continue to gamble forever and still make a profit, obviously you can get lucky in few bets but it is not sustainable forever as an income. Streamers are different because they do spend money on gambling but make it back and more from streaming income.
2767  Economy / Gambling / Re: 🎲EarnBet.io🎲FREE Faucet❗🎲0.5% House Edge🎲100% Decentralized🎲Provably Fair🎲 on: September 21, 2020, 05:41:43 PM
Back in the day there was a part on the website that showed how much you could make if you had 10k bet tokens, that way people could explore how much they could make in the future if they bought, or how much they would have made if they invested before, but they removed that part. Obviously some people didn't liked the returns, few years to get it all back and that was not flying in the crypto world for some reason but I found it good.

You got to have bet tokens and in the end you would have as much bet tokens in 3 years as well, so doubling your money every 3 years, that was something I was very much in love with. Now they are not showing the dividends at all if you are not an investor and even then they only show yours, the "dividends per 10k bet token" is no longer a thing and it is really sad, I hope they bring it back.
2768  Economy / Speculation / Re: According to Kiyosaki it’s time to buy Bitcoins, because Buffet has dumped banks on: September 21, 2020, 03:59:47 PM
I never understood the relevance between banks and crypto. Crypto wasn't created to be against banks in the sense that banks should not be used, it was created against fiat and how fiat is used and I get that banks are the number one place that uses fiat wrong way and that is why it looks like we are against them but as long as banks use it properly there is nothing wrong with them.

Kraken is now starting their own crypto bank for example and people think that is a great idea and very happy about it, which means as long as it is right way of banking people do not hate banks. So, banks being dumped by buffet doesn't really mean great for bitcoin because they are not related stuff, never been related. Obviously bitcoin could go up, that is not what I am saying, but I just think if it goes up the reason won't be banks.
2769  Economy / Speculation / Re: Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K on: September 20, 2020, 05:20:38 AM
First of all I do not believe that these two things were somehow connected, I don't know if you think that way or not but the main topic name suggests it without saying it directly. Bitcoin went up because bitcoin went up, mainly because people really believed that bitcoin didn't fall under 10k so that means it is not on a bear run so why not buy some because if it is not bear, that means bulls are still around which caused the price to go up.

Obviously not many people knew what federal reserves were aiming at, it wasn't news that created a big noise all around the world, it is something I am hearing here first and I probably wouldn't heard it neither if OP didn't made a topic about it, thanks for letting us know. However that also means millions of people didn't know while bitcoin was going up as well.
2770  Economy / Gambling discussion / Re: 2020 NBA Season on: September 19, 2020, 05:49:29 PM
There is really nothing that big from just one game, let's remember Clippers were 3-1 ahead when Denver pulled together and won that series, they did that on the first round as well, this team is not a team that starts very well but it is a team that finishes very well so you have to realize what is going on and you have to wait for it, Lakers can't get snobby now because if they think they have this in the bag and start to slag off, even after 3-1, Denver will beat them 3 times in a row.

This is why I believe the first game means nothing. Lakers however did showed a great outing, as long as they can get great contribution from the bench unit like Howard and Rondo they could totally get this in the bag, as long as bench provides, they are miles ahead in talent and experience than Denver.
2771  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 19, 2020, 04:40:58 PM
I do understand peoples need to gamble and gamble a lot because in gambling world you could honestly get super rich in a second if you are lucky, maybe a jackpot, maybe a lottery result, anything could make you richer beyond your dreams. However people also do not realize that it is not common, if everyone had a chance so huge, this place would have to pay billions every day, which we all know couldn't happen at all.

So, why not take a look at the fun side of things? Recently I got all my affiliate income and used them all in rolling, I kept at hi all the time and I wagered, used the regular martingale system and it was so fun and thrilling that I can't remember last time I had anything like that before, it was honestly one of the best entertainment I could get and it was quite cheap as well.
I can testify for the affiliate deal here, it is one of the best there is, we are talking about people using free rolls, as in spend zero and still get money and you get money from their free roll as well, it is unheard of anywhere else. Plus the gambling part is great as well because you are getting from all wagers, including the ones they win as well.

This is really a place where you can advertise all over the internet and get a ton of people and there are few who stay behind (most leave after a while) and they literally make you rich by just continue to get free rolls and that is something they do not have to stop, since they do not spend any money on it, they can continue forever compared to other places where you only get money when they end up gambling their deposit.
2772  Economy / Gambling / Re: 🎲EarnBet.io🎲FREE Faucet❗🎲0.5% House Edge🎲100% Decentralized🎲Provably Fair🎲 on: September 18, 2020, 03:38:57 PM
I think this is a great improvement on the inflation side of things, there was too many tokens that are on the market that was sold that dropped the price the moment it hit the first exchange obviously, now it is not doing as well as it used to but the price actually managed to come to a place where people are willing to spend because there is dividends (and other ways to make money) so that means we found a perfect spot.

Now that the inflation (or getting brand new coins basically) dropping so hardly, the price will probably go up a lot, plus this could cause people to gamble even more to get more and sell more. At the end of the day I love the first two things but the third one doesn't sound great, it should be all public and not %5 saved for other stuff, if you want that, do it from your own portion.
2773  Economy / Speculation / Re: Bitcoin Rise Due to Lower US Dollar? on: September 18, 2020, 01:28:07 PM
This could have been a thing back in the day of high peak pandemic time but right now the whole world is used to it. I get that US dollar is very valuable all around the world but let's be honest they are not as strong as they used to be and pandemic and devaluing dollar will not make as much noise as people think it will make.

This is why I highly suggest people to take a look at the Euro side of things as well, it is still strong, not as strong as it used to be before pandemic but recovered a lot better and even with that bitcoin still went up recently. Plus to think that dollar devaluing makes bitcoin go up, that has to be mean that dollar gained value when bitcoin dropped as well but nowhere in any recent time dollar gained value yet bitcoin did went down a lot.
2774  Economy / Economics / Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ on: September 18, 2020, 06:17:47 AM
The extra purchase really rubbed it in right now. I knew that microstrategy was fond of crypto and I really knew that with grayscale they were highest leaders in the corporations that buy bitcoin, however they are really kicking up the gear nowadays. I feel like the number of companies like these two will go up soon, depends on what the returns will be like for them and how they pay up their customers, they will definitely do something major.

Considering all of these together I also feel like crypto prices will go up as well, if a lot of companies end up buying bitcoin because these two small (comparatively) companies managed to do it, I feel like that would basically be a call for major ones and when they start to buy a ton of it, we will end up with 20k+ once again.
2775  Economy / Economics / Re: Covid economic impact - How can Bitcoin help to boost global economy? on: September 18, 2020, 05:07:06 AM
The only way that we can actually utilize bitcoin would be to actually help each other in a barter sort of way using bitcoin as payment option instead of fiat. How? There are parts of the world who have one thing and not the other, another part of the world has the thing other missing but not the thing they have, they will exchange it, regular economy at its finest right?

Well, if you think about it as large companies, you can be sure that this is done anyway, nations send their companies products to other nations and this has been done for decades (and even centuries with breaks) uninterrupted.

However you do not have small one person talent bartering anymore, which bitcoin could be very helpful. With the one person talent bartering, you could actually help each other out a lot.
2776  Economy / Economics / Re: Trump's Economy or Biden’s Economy - which version is better. on: September 17, 2020, 08:27:04 PM
Obviously Biden fans will say Biden and Trump fans will say Trump but they do not serve for different lords. They are both fan of big corporations and they will both do everything in their power to actually make it their business for these corporations to make as much profit as they can. Wall street numbers matter to them more than unemployment numbers and both will try to cut tax on corporations and put heavy burdens on the regular public.

The only difference I see between them is not economical but social, Biden was VP for the first ever black president whereas Trumps make America great again is literally a slogan from white racists back in the day. So if Biden becomes president USA will be a "little" better for blacks (not too much) and if Trump stays president he would still hurt blacks most. For whites no difference will happen honestly.
2777  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Wyoming gave permission for their first Crypto bank. World is Adopting crypto? on: September 17, 2020, 07:46:00 PM
Kraken was always way too professional for my taste anyway and it makes super sense that they would be the first bank, I would have expected coinbase to be in the play as well, since California is a super progressive state they would probably look at crypto currencies as something like "stick it to the man" type of situation and would allow them to make the first bank and have a huge business there but kraken makes sense as well.

Wyoming is another shock, I would have expected from California, Seattle, new york a bit more developed states to actually do it for the first time, not Wyoming but I guess that is my prejudice. At the end of the day this is just an experiment, let's see how it does and if they do well it would help us, if they do horrible it would hurt us.
2778  Alternate cryptocurrencies / Altcoin Discussion / Re: usdt tether market cap grows from 4,6 billions to 10,800 billions from March on: September 17, 2020, 07:09:08 PM
Another big deal about this is the fact that they said they now have 1 to 1 ratio once again, I am not sure how much we should believe them considering they are a company based on Bahamas because they want to be away from the law of USA and that means they must be doing something wrong for sure, but they were honest enough to say that it dropped under 75% for a while and they didn't had to do that, they told the truth during that period and now they said they are back to 1 to 1 ratio once more.

Now if we were to believe everything they say, we went from having about 4 billion backing on a 5 billion thing to suddenly over 10 billion backed for over 10 billion which is a lot of money in the crypto world right now and means a lot to the market itself during trading.
2779  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Classic was hit with another 51% attack on: September 17, 2020, 06:34:39 PM
There is a whooooole big difference between a scam project and a failed project but it doesn't change the fact that one of them is bad and the other is still just as bad. Scam ones are the ones we know, they just take your money and leave and do nothing they promised and they are basically leaving you with something you do not want but took your money.

On the other hand the results of failed ones are eerily similar, they do promise you stuff, take your money but also fail to deliver anything so you end up with something you do not want and your money gone. ETC is a big failed project, nothing small neither because it was super high at one moment, they got 51% attack multiple times in a row and right now we can easily say that they are a failed one, same result as scam but not bad people, just failed ones.
2780  Economy / Trading Discussion / Re: This will help day traders and newbie traders. on: September 17, 2020, 05:27:19 PM
That is "day trader" and not just trading, which means obviously this would help day traders but newbies should not be day traders, it is a lot harder than long term trading and for a newbie to start everything with a regular day trading would be very difficult.

I would highly suggest newbie traders to first check out a bit more longer term, it doesn't have to be years, it doesn't have to turn into long term investment type of situation, but not to have any open position at the end of the day means they have to accept losses and close positions sometimes and they should not do that, they should be basically closing all profitable positions and keep all the losing ones until they profit from them as well. If they do this, they will end up with both talent but also patience.
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