How To Profit From MASSIVE InflationThis video will explore 3 ways to invest if you want to profit from the inflation we've been seeing over the past year. https://www.youtube.com/watch?v=MPQ0pttjinIRecommendations on real estate and commodities as good business models to pursue in eras of high inflation. He contends real estate will appreciate in value at a pace rivaling inflation, allowing for profits over both short and long term. Commodities is his other recommendation. Interesting whiteboard analysis and good breakdown. Real estate has been growing exponentially in most countries around the world for the last ten years, I'm not sure how this advice is exactly original or especially clever. Residential property has long been a great investment, not only is it a home you don't have to pay someone else to live in (aka renting) but the mortgage interest rate is usually much lower than the increase in the value of the building. It's actually a more dangerous time to own property when central banks start putting up interest rates, because it eventually reaches a point where people cannot afford to remortgage and the housing bubble pops. Inflation can lead to great imbalances all throughout the economy and commodities is always a risky proposition unless you buy at rock bottom prices (e.g. during the last recession dip). |
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Different forks with different opinions, I have seen quite a lot of gambling sites that have hard a rough pass and this reflects on their reputation both on this forum and outside the forum, this leads me to ask what are the bad behavior of casino operators that turn you off from the site?
It sucks when casinos put out grand offers like "sign up today and get 0.01 totally free" but when you read the fine print you have to play with the money about 50 times before it'd be added to your available balance. It's obviously a setup and geared towards enticing new players who only find out the downside much later. I understand it from the casinos point of view, they get to put out this big promo offer but are almost never likely to pay a penny of it, but it just seems really scummy for that very reason. If you start off by trying to trick every customer then it kinda says everything about your business model, you'd be much better off advertising a low promo offer with a lower barrier to entry and get a long term customer. |
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First some short explanation, and then the questions.
If I bought stocks, bonds or fiat currencies I hold securities by which those who put them on the market, have the liability to me. Stocks are put on the market by companies. Bonds by corporations and governments. Fiat currencies by banking system and borrowers. By putting their securities on the market, the said entities essentially borrowed capital from the market, which is why they have the liability to return it back. This happens when they withdraw securities from the market. So if I am a market participant holding their securities, the capital is returned to me when companies buyback stocks or liquidate the business, when corporations or governments pay me bond's face value, and when the banking system and borrowers sell me the seized collaterals or goods, services or labour to get currency units for liquidating the issued loans.
Bitcoin on the other hand, is not a security. Its issuer/issuers have no liability to withdraw bitcoins from the market, and in the process, return the capital to bitcoin holders. So if I hold bitcoin, I basically hold a product similar to gold, a picture, wheat or crude oil. Meaning, once these products are bought, no one has the liability to buy them back in the future. And the only way I can benefit from them is by utilizing their intrinsic value. But, here a crucial question arises.
Gold I can utilize for jewelry, electronics, dentistry and so on, a picture for pleasing my aesthetic senses, wheat for making all sorts of foods, crude oil for manufacturing everything from plastic to petroleum. Besides, a single unit of these products is pretty cheap. However, in the case of bitcoin the only way I can utilize it is by watching it. That's all. Once I buy bitcoin, my wallet application reads a number from the blockchain, and shows it on the screen of my mobile phone. And all I can do, is to watch that number. To watch it like a picture is watched. When I sell bitcoin to other people, the new holders can also just watch a number on the screen. So, essentially no human being on Earth is capable to do anything after purchasing bitcoin, but to watch a number. Obviously, watching a number is not as aesthetically pleasing as watching a picture of a beautiful girl or a sunset.
And now the questions: if I can purchase a picture of a sunset for a couple of bucks on Shutterstock and watch something aesthetically rich, why on Earth would I purchase a number "1" for $37,000 and watch something aesthetically poor? Why would I pay so much money for a single unit of a product that in comparation to gold, a sunset picture, wheat or crude oil has so low utilization capacity?
Why does it look like you trailed off a bit at the end and almost veered into the world of NFT's when talking about buying images? When you own a share of a company (aka a stock) the company is not liable to pay anything back to you, that is not how it works. If the company does well, it brings in a profit and uses that money to fund growth and/or pay out dividends to the owners of shares. You could put it back on the open market and somebody might buy it from you for a higher or lower amount than you bought it. If a company buys back shares, it is similar to a dividend payment, because they are reducing the pool of shares available and pushing up the price of every remaining share in theory. Bonds are different again, as they are debts of a company - you will get the capital amount back and be paid an interest rate until the company pays it off. Bitcoin, arguably like every other currency, only has value because people are willing to use it as a store of value and it has a convenient trading purpose. |
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This is how marketing strategies work, everything can be soooo interesting and also worthy to take when seeing from the advertisement and promotions . They will not care about what they use, they only want to get more people to use the platforms.
And that is why we are ourselves that must be aware about it, smart, and also careful about that kind of promotion. They will seem so legit. And many people become victims.
Yup. What you see is always not what you get in terms of promotions. It is like we see a food commercial on tv. They looks so big and fine so we go to that restaurant but by the time you order them, the food looks small and not the same as on what they advertise it. The same thing can also happen in terms of gambling, someone will showcase their play that they can win huge but the moment you tried it, the experience is completely different. I think the best way to do is limit our expectation so that we wont feel bad in the outcome that we are going to get. We cant just put the blame on them directly because they are only doing their best to attract costumers. That's a good analogy. It seems that these type of marketing strategies are always targeting the youngest and least experienced, who throw away great wads of money in an attempt to copy their virtual heroes. We see a similar occurring with NFT's, it's turned into a crazy game where instead of buying supposedly valuable art, people are buying little animated avatars for thousands of dollars. This rubbish would not have even sold for a couple dollars a few years ago and suddenly they are turning around an reselling further copies on to followers. It's not even like buying a virtual weapon in a game to get an advantage, it's literally bragging rights to "owning" an image which the print screen button on any keyboard could recreate. |
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The decision by China to conduct a trial use of blockchain technology in it major cities of Guangzhou Shanghai and Beijing giving the permission to about 164 organizations to run the trial test of the blockchain technology, this was made known as a report from China Central Cyber Space Administration makes the approval. “The notification requires that capacity-building be strengthened. All pilot units (regions) should give priority to adopting blockchain software and hardware technologies and products with interoperability and sustainable development capabilities; actively guide blockchain applications to develop towards value, scale, and industrialization; accelerate the formulation of relevant technologies and application standards,” the notice said. https://finbold.com/china-sets-certain-conditions-for-blockchain-use-within-the-country/As it was generally known that China has a total ban on cryptocurrency last year and it decision has remain steadfast as the government took drastic measures to bring to an end existing crypto firms, mining rigs to shutdown, stating that it imposed a danger to their economy. But to a latest development, its giving the use of blockchain technology application a trial opportunity stating that the proposed blockchain differs from the bitcoin blockchain. what's our intake on this? It makes sense and the blockchain is truly the magic ingredient that made everything work about cryptocurrency. Having an unbroken and transparent chain of records that doesn't necessarily on a single centralized source is an extremely powerful tool. It's surprising that more institutions haven't picked up on it already, but I guess it takes a long time to come up with the productive and appropriate uses for it, along with infrastructure that can support it without being compromised. There is always the vulnerability of a 51% type of attack, which is probably the primary limiting factor - being able to trust all the sources that are feeding into the ledger. |
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Where can I sell crypto gambling accounts?
I have two accounts, one is BC.GAME VIP level 30 account and the other is Betfury.io level 6 account
I'm not sure why anyone in their right mind would pay for such an account, even if it did come with perks associated to levels. It's just asking for trouble, either from the original account owner trying to retrieve it after you've funded extra cash, or the casino itself asking for verification that you won't be able to submit as it was originally created by someone else. It's hard to distinguish posts like this from scam posts because it relies on trusting an anonymous stranger not to try and take goods back after you've purchased them. Maybe if you had a high level of trust here it might go further, but never buy such accounts from a new account. |
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As we know that Non Fungible Token is leading the market currently and according to the sources last year NFT market alone made or reached to whopping $22 billion market cap. This achievement is very quick and profitable for any sort of project until now in the crypto space. However, as the NFT market is growing its roots, the branches are getting chopped off for its fruits by throwing the stones & pebbles on it. What I mean is, one of the article is claiming that NFT market is facing huge challenges in scam world where NFT are getting stole and are being sold as fraud ownership titles. This has given world wide shock throughout the NFT world and according to the Guardian we are loosing almost 4 million NFT into fraud every week. That’s huge amount. Even with open sea the same problem is becoming proactive. Most of the market in NFT is constituted by OpenSea platform. As they are the biggest market players and NFT listers most of the fraud and hacks is happening on this platform only. As per the opensea they claim following stuff: Let us just hope that this new blooming market will get rid off such frauds. When there is prosperity there always gonna be money involved and with this scammers will get attracted as the bees attracting to flowers. Read the full article here: ‘Huge mess of theft and fraud:’ artists sound alarm as NFT crime proliferatesThe irony of the whole NFT world is that it is pretty much worthless. It's basically like buying clipart from one of the sites that have been selling them for the last couple decades, most of the stuff could barely be called art and consists of some of the crudest images ever seen. To top it all off, if somebody happens to like the NFT that you "own" then all they have to do in order to make a copy is simply hit the print screen button on a keyword and paste it into Microsoft paint. It's laughable to see the sheep flocking to buy this, after the see their favorite streamer or C-list celebrity buying from a certain place - without the average viewer understanding that it is peanuts to them but can be a huge bank account drain to someone on a low salary. |
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Most of the trend today is relayed on the world of NFT so there's an instance or chance might be they will adopt this kind of a trend right now afaik there's a thread too related to the Gambling and metaverse and also the virtual reality due to pandemic many people now are would like to entertain with this trends its the new meta of the gambling industry well looking forward on it lets see.
NFT, NFT, NFT... looks like everyone talks about NFT! I decided to try some NFT game at Biswap, we will see what will happen with that... I don't have some big hopes, it was a bit complicated to start everything, and now it's just clicking! I didn't see anything super special for now, so I don't know why this big hype, maybe because it's profitable for people? I hope it's not the only reason why people like NFT so much... for now I am missing the excitement I get from playing any classical gambling game! That is the way things are, in 2017 people were talking about icos and nothing else as it was the fastest way to get a lot of money according to them, and now people can not stop to talk about NFTs and everything related to them for the very same reasons, now I am no saying that NFTs do not have a future but at least when I look at the way that people are just trying to convert anything they can find in an NFT and then sell it is not the way forward, and sooner or later this hype will end. It's crazy to think these booms have been going on throughout history and it is primarily driven by greed. Going back hundreds of years ago there was an explosion in the price of rare tulip bulbs and it turned into a fad that drifted down from the higher classes into the middle classes. When the rich started to question whether the bulbs were truly worth the price, the bubble began to burst and some of the bulbs went on to lose 99% of the value. As you say, we see it now with NFT's being a crazy fad in almost worthless images, driven by a celebrity culture, with the internet allowing mass dissemination and encouraging many more people to waste all sorts of crazy sums on them. You barely hear ICO's discussed like they were a couple years ago, the world goes on and keeps finding new waves to draw people in. |
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Another opportunity has created for new investors to have some good coins listed in their portfolio. Many who bought higher now leave at the mercy of the market but for those who were scared of how high the price flew within a short time now has a better chance of joining the market at a good market value.
My agitation now is no one should come back shouting about missed opportunity in the future I think since late last year the market has been a bit fair to new investors giving them opportunity to join the train. Everyone can be a millionaire in crypto attitude towards market volatility is what makes the clear difference
I've never actually seen anyone come here to complain that they didn't buy. There are lots of ways to make money online and in fairness it is altcoins that are more likely to make people money as Bitcoin is very high priced. Much like buying penny stocks and trying to flip them after they multiply in price by a hundred. It is much easier to move the price (market capitlization) from $1 million in the early stages into hundreds of millions, than it would be to move Bitcoin from being worth $1 trillion to being worth $2 trillion. Besides that, people are usually quiet about missed opportunities and like to announce their success stories, so it's a bit of a non-story really. |
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There are hundreds of crypro gambling houses and most of them are having same house edge, same type of games and UI. Still, most gambling houses are having their own players who may play many other places too but never forget to visit their favorite places. What are the things finalize your favorite house.
It would be too good if you mention your favorite houses along with what makes that place your favorite for one particular way of gambling (assuming you might have multiple favorites for different gambling purposes).
These things may help you to recall your criteria (just explanatory purposes as your own reason may not be listed):
1. I can find that game only there.
2. I've compared house edges and then I stick with the lowest/Better odds for sportbetting.
3. The graphics are mesmerizing/mobile support/good UI.
4. I am finding myself profitable only there/my strategy works only there.
5. Their reputation/customer support /instant withdraw/easy KYC etc.
6. Providing faucets/freebies.
7. Availability of a particular altcoin.
8. Contests/races.
9. They do send emails. So, I click and go back/ No special reasons.
10.I work for them so I play there.
Your input will be studied and may be used for enhancement of a gambling house (please do not expect any reward for that). Hope your contribution will be useful to all the gambling houses as well for improving themselves to serve this wonderful crypto-gambling community better.
I like to play poker occasionally and find that the biggest sites by player number offer a much better experience than smaller sites. You have to assume that you're playing against pros when on smaller poker sites, people who have time to hang around all day and have enough practice in the game to extract your money no matter how good you are. You could become that good if you made it into a career path, but it's likely that you'll leak your chips over time. However if you're on the biggest poker sites (who are advertising heavily and attracting newbie fish money) then you have more chance of extracting cash from other players around you. So a big player base on certain games is a very attractive draw for me. |
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The Putin regime seized the Crimean peninsula virtually without a single shot and significant resistance due to the great preparatory work of Russia, as a result of which there were practically no combat-ready military units in Ukraine, and people who were in key positions in the government, army and navy of Ukraine or who directly followed the instructions of the Russian special services, either were loyal to the Putin regime and then sold out for offered positions in Russia or simply for money. In addition, Ukraine did not expect such meanness from the neighboring "brotherly" people.
Today the situation has changed a lot. Ukraine has a combat-ready army with decent combat experience over the past eight years, and there is something to fight for. With the Russian military killing some 15,000 mostly civilians in Ukraine, Russia has become Ukraine's worst enemy. Therefore, the invasion of even a larger army than the current more than a hundred thousand troops on its borders will not be able to capture Ukraine, and even if it succeeds, then Russia will bear the main military losses after occupying even part of the territory of Ukraine and will not be able to control these territories after capture. In any case, Putin's Russia is breaking its teeth about Ukraine, and it seems that they have begun to understand this as well. Therefore, I think that there will be no large-scale invasion of Ukraine.
That's a strange way of saying Russia took advantage of a country in disarray, who had just overthrown an authoritarian leader. The country was in the midst of purging anyone loyal to the previous utterly corrupt and incompetent government who sucked up to Putin out of convenience rather than for the good of their people. The theft of Crimea was all about stealing the only deepwater port Russia has from people they called their friends. However nobody should underestimate the amount of people that Putin will be willing to send to die because this old man has little else left in his last few years on this planet and he's probably starting to go senile with grand delusions of recreating the USSR right now. |
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Jim Himes, a Democratic congressional representative of Connecticut, has allegedly masterminded sneaking in a provision into the America Competes Act that potentially gives the Secretary Treasury the unilateral power to stop cryptocurrency exchanges from providing liquidity for cryptocurrencies - essentially shutting them down. Here is Jerry Brito of Coin Center on Twitter: https://twitter.com/jerrybrito/status/1486349099314130952"Included in the America COMPETES Act just introduced in the House, and which will very likely pass in some form, is a provision that would be disastrous not just for cryptocurrency but for privacy and due process generally." [...] "The so-called 'special measures' provision (proposed by @jahimes) would essentially give the Treasury Secretary unchecked and unilateral power to ban exchanges and other financial institutions from engaging in cryptocurrency transactions. How would it do this?" He should be voted out! The whole system of government in America is a mess, it seems to work for vested interests and against the public good in so many situations. The fact that these mega bills which start out targeting one specific thing, get loads of totally unrelated amendments and provisions tacked on is a disgrace to governance really. Every single law should be debated separately, but politicians are incredibly lazy and build these monstrosities in the name of compromise. You can just tell there is all sorts of back room dealing going on - like, we want this bad thing added, so we'll let you add one bad thing in return or the whole bill will be voted down by our team type games. |
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Different forks with different opinions, I have seen quite a lot of gambling sites that have hard a rough pass and this reflects on their reputation both on this forum and outside the forum, this leads me to ask what are the bad behavior of casino operators that turn you off from the site?
locking accounts without prior confirmation, arbitrarily updating TOS and also slow in responding to complaints. I see a lot of unprofessional gambling sites out there, especially those that have just emerged, so they only play on trusted gambling sites, have large rounds of money and also have a good track record. It's nice when you find support staff that can actually do something - some sites it is almost impossible to get help when things go wrong. If you happen to run into a glitch for instance, I've been treated very well by certain sites and even rewarded for helping to diagnose the issue, free bets were very welcome - plus the site gets made aware of something that could turn off other customers who might not come back. However you can have really basic staff who have no power to do anything but log, may even be simple bot scripts or force you to get answers via an FAQ/Contact form instead of having a live chat. Having live chat available 24/7 is also quite important. |
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....
Finally a serious remark from a credible source on the topic of whether intelligence agencies like the CIA are involved in cryptocurrencies.
I doubt they were involved with the initial development or deployment of bitcoin. It took many years for regulators and establishment personnel to take cryptocurrencies seriously. It seems they have finally decided to get serious. As is witnessed with crypto regulation being passed in recent US infrastructure bills.
Would anyone care to take a guess as to which recent cryptocurrency projects the CIA might be involved with.
It's likely just some sort of mapping system, much like they can map a web of phone calls, they'll have developed software that maps out payments that could be involved in particular activities - e.g. darkweb drug purchases and where the money originates or gets cashed out. Those are rather easy targets and many people are unlikely to understand that they can be traced when Bitcoin and anonymity are regularly touted. They'll basically be looking to trace criminal connected money and there is enough to keep busy - terrorists financing, ransomware attacks, etc. In some ways Bitcoin makes it easier to trace money than following bank transactions which may end up at dead ends. |
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This is true for all kinds of gambling. E-sports, sports, dice... There are 3 ways to stay profitable in gambling:
1- Cheating (hacking)
2- Arbitrage Betting (bookies consider this cheating as well)
3- EV betting (most bookies also consider this cheating)
No, you can't be lucky and stay profitable in the long term. So there is no "4". That might surprise some people. As you see you can't profit from gambling for a long time because that would kill the casinos.
If you take one-time earnings, then you can come up with the 4th option - one big bet on a huge odds: you win a lot of money and do not play anymore, thus remaining in the black. By the way, what are the problems with the second and third paragraph? As long as there are different bookmakers and offline acceptance of bets (there is no KYC), they are quite feasible. Arbitrage is most definitely not cheating, even if that's what the sportbooks call it and I've yet to ever see a case of this. Every bookmaker will add an "edge" or margin of error to their odds, which also boosts their profitability. Most are quite small, maybe one or five basis points, but this effectively closes any overlap between bookmakers. A lot of them also use the same backend feeds, a sort of white label solution, which will prevent much of this occurring. It might be possible on certain sports, like horse betting, where there are lots of variables and the odds are constantly moving around, but any bookmaker who misprices will lose a lot of money quickly. |
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How many Bitcoins / USD would it take to manufacture a 10% price reduction these days? How many individuals own such wealth? My GuessThe figure is always changing based on the depth of the orderbooks. Selling $xx,000,000 right now could possibly accomplish it, providing no one spotbuys ones full sell order in response. It would very certainly mean-revert to the original price within hours/days, unless one can continue that continual selling pressure indefinitely. Markets will always tend toward equilibrium over time. What are your thoughts?The price is built on supply and demand. If there is a mass seller but demand is high, then there will not necessarily be a corresponding price drop. It would mostly rely on the capacity and willingness of the buyers out there on whether the price drops. It's impossible to gauge, certain institutions or companies might have placed a buying target and will buy up any Bitcoins that fall under that price if they have long term conviction in their strategy. There is no way to tell what the spare buying capacity is or how many people might rush in to start panic selling if a certain trend materializes, much like the stock market it can be highly erratic and irrational. |
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I've been giving this a lot of thought lately, Which kind of business model would you prefer, will you prefer the kind of business where profit can be from both the rich and poor, that is huge profits occasionally and small profits daily?
Or the the sort that only attends to the rich, and the poor cannot afford it, that is your profit is from the rich alone and usually huge, and comes occasionally?
Please give reasons for your choice
The second type of business (selling expensive items to the rich) tends to require a different kind of knowledge and sales pitch. It requires more salesmanship and higher quality goods, so it can be harder for someone starting out to achieve. It is much easier to start a business model where you can sell to anyone and covering a large range of prices, you can even pitch different grades of product as your budget allows. If there is ever a problem with your products and you've only targeted rich people, if that bad message spreads you could find it impossible to recover because you've priced yourself out of the market. It really depends on the product type you're selling though - a generic warehouse will find much easier business than a specialized suit company. |
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Different forks with different opinions, I have seen quite a lot of gambling sites that have hard a rough pass and this reflects on their reputation both on this forum and outside the forum, this leads me to ask what are the bad behavior of casino operators that turn you off from the site?
I've seen a few recent posts, usually blatantly obvious, where a new casino appears and is very quickly praised by a bunch of new accounts. It's a very shallow attempt of advertising and should be an instant warning to stay away. One of those sites also used a registered trademark of another gambling company, which is a red flag that they will be shut down one way or another fairly soon. It's worth having a flick through any links in the footer of the page and having a quick read through, because shell scam sites will often copy pages from other casinos or may have dead links throughout. If the support page is comprehensive (phone numbers, addresses, people) and you are able to do basic verification on it - even just simple Google searches that match useful results - that could save you a headache in future. |
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Apparently certain countries such as The Netherlands implemented a new rule/requirement. You cannot withdraw your coin from an exchange to an address they do not KYC. If you want to self custody, you must prove you "own" an address before you can send anything. After the fucking OFAC compliant blocks we now have AML compliant transactions. The protocol is called AOPP (short for Address Ownership Proof Protocol) and you can find all the details on their official website here: https://aopp.group/If you look at the company behind this protocol 21analytics.ch they have some screenshots featuring their product. This combined with something like chainalysis can have devastating consequences for privacy. What is even more surprising is we have not only trezor implementing this bullshit but also sparrow and bluewallet.... Source: https://www.coindesk.com/tech/2022/01/27/trezor-adopts-swiss-travel-rule-protocol-for-private-crypto-wallets/Some clarification / edit:
Yes for now its only for a few countries such as the Netherlands , Switzerland, Singapore, etc. But lets not be fooled, this will become normalized and more and more common.This was somewhat inevitable since the dawn of cryptocurrency. Governments have had fairly good views of money flows into and out of their country via banks - they have the ability to see all transactions due to financial money laundering laws. Cryptocurrencies undermined that whole structure and effectively allowed large and unregulated movement of money, which is bound to be used by even just a small percentage of criminals. Like it or not, these cryptos have been abused by a small minority and it is often a small minority that ruin it for the majority, causing new laws like this to become required. The taxman is also keen to access this information to make sure everyone is paying their fair share, so that was going to pop up at some point too. |
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It seems that Inflation still cannot be separated from the US news in the last few months. Even though they are trying to fight inflation in various ways, it seems that the US central bank's actions to fight inflation will actually trigger a new debt crisis. Debt payments by developing countries are already in a sizable phase as they have more than doubled since 2010 and will even increase further if the Fed is still trying to raise interest rates. Is it really difficult now to avoid inflation? Because it's like going forward will get in trouble, even backwards can't. Source https://www.theguardian.com/business/2022/jan/23/fears-grow-that-us-action-on-inflation-will-trigger-debt-crisisUnfortunately cheap borrowing by the masses is an extremely popular method for politicians to buy votes, even if it is just a continuation of the previous administrations policies. People like easy money and home buyers (heavily active voters) are ultra happy when they can get mortgages for a dirt cheap price. However at some point the party has to stop, because too much money is floating around and reckless spending gets too carried away. People stretch themselves to the limit, borrow far too much and come to the dawning realization that they have to pay it back. Those people stop spending as they pay down debt. In order to encourage responsible debt levels, the interest rate at the central bank is also raised, which ripples through the economy and sometimes pushes mortgage owners beyond what they can afford - this is the start of a recession. It's a very dangerous balancing act and small triggers can have big consequences. |
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