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2781  Economy / Gambling discussion / Re: Joseph Stahura avoids jail for all the campaign funds he used for gambling. on: February 01, 2021, 03:35:53 AM
The information was incomplete and we don't know the whole story but the former Mayor made restitution of the embezzled funds and that was one of the considerations that the judge looked at before the decision was made.

Aside from that, the former Mayor also remorse for his actions that's why the penalty wasn't that hard. I hope that he is serious though as the judge trusted him.
Psychopaths know how to play with emotions, remember that this scum that takes a human form is a politician and we all know that politicians are full of shit, they can easily lie their way into getting a lighter sentence by having connections in the judicial system, and he is part of the elite club of people that runs the country so the justice system does not apply to him. It is a good thing that he was removed from his position as a Mayor because this kinds of people definitely have the ability to steal public funds without a shred of dignity. In my opinion, a jail time should have been considered, if it were public funds, I would suggest a vigilante justice. To all the folks that can vote out there, always check if your candidates are avid gamblers or the political correct word for it is occasional player, or have any habit that may look indecent for a public official because they are not to be trusted with public funds because they are addicts.
2782  Economy / Gambling discussion / Re: BEST GAMBLING MOVIES OF ALL TIME on: February 01, 2021, 02:55:13 AM
What about rain man, does that count?


Also the true story of the MIT guys at Vegas.
That would be the movie 21, where they used an efficient way to card count. I have checked Rain Man, and it does count, if I recall, is this the story about a car dealer that abducts his brother to get the heir money from their father?

My picks would be God of Gamblers 1, God of Gamblers 2, God of Gamblers 3. I also love Ocean's Eleven, Ocean's Thirteen, Uncut Gems and the Hangover. Any movie that has a heist, gambling and comedy involved is a good movie for me.
2783  Economy / Gambling discussion / Re: Dice games on: February 01, 2021, 02:18:31 AM
Well, thats it and almost explained above. Unfortunately, the dice game has no strategy you can't revise the algorithm used by the site to always in favor of you the chances of winning. The more time you spend in dice gambling the more chances of losing you have.
The strategies you mentioned above are the way how you will place a bet, not just a game that you will have a chance of winning, the fact, it is a matter of luck not on strategies that you mentioned. Just place a bet without worrying about profit and at least you hve enjoyed even a small amount that you can afford.
If I may be blunt, online dice games is sort of fixed so putting some strategy doesn't really work. I do agree with playing more means that you will lose more money, and the strategy of placing bets is just a creative way of systematically losing your money, there might be some wins sprinkled here and there but the bottom line is in the long run losing money is the trend, and to be fair, games of chance do not really need any strategy, just throw the dice and as the quote above says, enjoy.
2784  Bitcoin / Bitcoin Discussion / Re: Bitcoin prepaid/debit cards on: January 31, 2021, 05:24:29 AM
I'm not sure you can obtain such card without physical verification. I don't know much about ezzo card but so far as it visa card, they mostly requires it and this is the part of the thing they have to be in full compliance with before many of them are granted license. You can try https://crypto.com/en/cards.html they have various payment plan depending on your choice but you will need to select the one that goes with what you need it for. I know binance also offer cards but you can't have it anonymously
There is no cards that are anonymous, there is a reason why people that are in pursued by the law is using cold hard cash instead of credit cards, they do not want their last location and possible whereabouts to be traced. The quote above gives a good website if you want to check it out, but no such thing as anonymous in credit cards or debit cards. The closest this cards could get anonymous is via identity theft which is an illegal thing to do, do not attempt.
2785  Bitcoin / Bitcoin Discussion / Re: 4 investment strategies to make Bitcoin less stressful on: January 31, 2021, 04:35:21 AM
"Don't borrow to buy btc."
Makes sense in any aspect of life, do not borrow for investment unless you are part of the 1%.
There are different opinions on this. It is always good to buy when the price is low and if you can take all the risks.
Also this year is different from every bitcoin year. It has reached its maturity and a great expectation has been created that we will probably never see the price of bitcoin at its lowest levels again.
There will be a bear market, and we will see downs in the prices, bitcoin market is as volatile as it was in the first place so no sense that we disregard that but I agree buying at low price is the best time to buy bitcoin.
As we look at the other side of the coin. If risks are not taken there are no rewards.
You can still play safe, not taking risks does not mean that you will not reap rewards, you should just know how the game works and it is up to you on how you will find a smooth riding path.

My strategy for making bitcoin investing less stressful is to not think about it all the time, consider your investment as a work, you do not take work when you are having personal time, you leave it there for another day.
2786  Bitcoin / Bitcoin Discussion / Re: Bitcoin can play tricks on your mind on: January 31, 2021, 03:47:59 AM
There is no possibility of Bitcoin crashing to zero. You just needs to be cautious and not be taken away with the present surge in price. Where possible, always take profit.
The only way for the price to go to zero is for the Internet to go down indefinitely which means that as long as there is no war or global scale catastrophe, bitcoin prices will be swinging up and down the market. I do agree, being cautious is a good thing but you also need to trust bitcoin because this is not the first time that a surge in bitcoin has happened, how many times does bitcoin need to prove itself, try to cash in some of your hodl and continue hodling, a half and half will be a good thing.
2787  Bitcoin / Bitcoin Discussion / Re: So this is it big players now rob small traders on: January 30, 2021, 02:28:30 PM
Before anything else, freedom is not equality. One has to be aware of that. 
If someone still believes that they still have a freedom in this God forsaken world, then you need to get out of your basement, freedom will only be applicable if you are part of the upper class that secretly rules the society, as Denis Diderot said, "Men will only be free until the last king is strangled with the entrails of the last priest".
There are indeed wealthy investors who are playing against small time investors and they often end up at the advantageous end. That is almost always the case if there is a conflict between a small fish and a big whale. Case in point, if the price of Bitcoin falls, the small time investor may panic and sell. That's how the whales are buying at a discounted price.
We can't do anything about that, they have the disposable money to invest in bitcoin, as an individual investor, you can take advantage of this kind of scheme by big players by buying when they sell large amounts of their holdings which will cause a dip. There will always be an opportunity even at the most unequal playing field.
2788  Other / Off-topic / Re: The NetWalker ransomware neutralized on: January 30, 2021, 01:49:00 PM
First time that I have heard of a name of a Ransomware because most of the time they are just labeled as is, the money that was taken was so big, how come the person that distributes it didn't stop doing it, greed was the reason of the perpetrators downfall, good thing that the enforcement authorities have seized the money that was stolen from this people because some crooks who got ahold of the victim's money always spends it quickly so as not to leave the hot money sitting on their laps to prevent authorities from sniffing some anomaly.
2789  Bitcoin / Bitcoin Discussion / Re: There's nothing special about BTC, you will make MUCH more $ in the stock market on: January 30, 2021, 01:07:43 PM
It's like comparing apples with oranges since Bitcoin and stock have different usage. If you only care about profit, i can say "There's nothing special about stock market, you will make MUCH more $ in casino"
You won't get a profit in casino, if you are on the player side, your graph will be slow descent but if you are on the other side then I do agree that there is a big profit. I don't get why OP is comparing stocks and bitcoin, as the quote above has said, it has different usage. The recent debacle in the Gamestop stock increase is just an accident that turned a whole community of redditors into artificially pumping the prices, the only advantage of stocks over bitcoin is that some of them have dividends. They are both a waiting game so weighing one from the other as much better is not the best thing to do.
2790  Bitcoin / Bitcoin Discussion / Re: Bitcoin inheritance on: January 30, 2021, 12:22:34 PM
I have thought of insuring my children's future a lot of times and since life is unsure these days, I have just started teaching my daughter about the value and importance of Bitcoin. I made sure that she knows how to handle my private keys and to access my wallets safely. It's important that we'll have an assurance that our family will inherit our crypto earnings. We don't know what will tomorrow bring so I believe that sharing them about it as early as possible would be a big help.
I would love to copy this method of inheritance, I do not have a kid yet but this one is pretty good one. Why not just teach them the in and outs yourself and along the way let them learn how to be a member of this community. No safe deposit box or a written will and testament or any third-party services to spend your money to insure that they will be able to inherit it.
2791  Bitcoin / Bitcoin Discussion / Re: Capital Gains Tax on Cryptocurrency on: January 30, 2021, 05:31:01 AM
Ask a professional tax adviser, best licensed.

Some countries are allowing to donate the coins, but the person who receives it will have to pay taxes over the whole amount, not just the difference of buy-sell price.
Wouldn't the one who purchased the coins will be the one that pays the taxes? I saw an interview about Mr. Beast and his crazy tax life, he always pays for all the money that he gives to other people. Or is there a possibility that the person that receives the coin can vouch for paying the taxes? Genuinely curious, I want to know how this tax works because this thing is not taught in school, at least in my school.
2792  Bitcoin / Bitcoin Discussion / Re: Elon Musk adds #Bitcoin to his Twitter bio on: January 30, 2021, 04:56:20 AM
Yeah, I've also seen this thing on Twitter and it really affects the big rise of bitcoin yesterday but gets down again today. It seems like big people with big names can affect the value of bitcoin with the simple things they have done for bitcoin but the inflation did not meet my expectation, I thought that bitcoin will continue in rising for about &50k but I was wrong with that part because it only reaches $38k.
It will take some time before we get to that. 50k will be a smooth sailing after we break the 40k resistance in my opinion, remember when the 20k resistance was broken and after that the 30k mark came in without the fuzz of going up and down. Celebrities that has enough influence will be able to do this kind of things in the first place, that is why we have to watch out for these kinds of Tweets or statements because people will be gobbling up anything that their idol or hero says and that can spell a profit for the traders and hodlers alike.
2793  Bitcoin / Bitcoin Discussion / Re: 1 BTC = 20 oz of Gold today on: January 30, 2021, 04:11:21 AM
It's nice to see these statistics. Oil is also equated with gold and is called black gold, considering it in this way, one can clearly understand that BTC has already firmly become a resource that is simply indispensable today.

Black gold was just a metaphorical phrase for gold, they are both valuable and the color of oil is jet black. I think that you are hyping too much about bitcoin, it is not a resource, it is more of an in between of currency and asset, resource is something that is expended to create something or to function effectively. Resource is something like fiat money, materials and energy source.
2794  Bitcoin / Bitcoin Discussion / Re: Bitcoin writes it's name in the world of sports. on: January 30, 2021, 03:33:32 AM
That would be a problem for some people, I don't think that not everyone will be agreeing to the the prize pool in the form of cryptocurrency. Endorsement from athletes is a good thing too, if you ask me, they are sometimes bigger than the league itself, imagine getting Ronaldo, Messi, Ibrahimovic, Iniesta, Rooney, and Van Persie getting a deal and them having to promote bitcoin, the biggest achievement would be to wear a bitcoin logo in their jersey during a game.
2795  Economy / Economics / Re: Coin exchange markets create the coin "out of thin air " on: January 29, 2021, 06:50:00 AM
Well when you buy a stock on the stock market, all they do is put a "1" in your portfolio for whatever stock you bought, they can also easily create it out of thin air.
Stocks on the basic level can't create a stock out of thin air, they have some sort of valuation or something that puts the amount of stock that they are valued.
Same with going to a bank, getting a mortgage for $500,000. All they do is put a few numbers on a few pieces of paper for you to sign, you never actually see this money. This is because everything is done digitally these days. Just because you can't psychically feel it, doesn't mean it doesn't exist.
Digitalization made people think that we are creating money out of thin air, in fact, it has been a thing since the inception of humanity and trade, who says what that gold is worth, we see it as shiny so we value it as precious. Banks don't have a lot of money in their buildings, most of it are circulated so that it could grow and get the economy pumping. I do agree, physical feeling about the worth of a paper is all about trust.

2796  Economy / Economics / Re: Some Company are holding more than 10000 Bitcoin on: January 29, 2021, 06:14:19 AM
I have a question. Will the company control the price of Bitcoin if it holds more Bitcoin? Will it affect individual investors?
Yes it will be, if they can dump more bitcoin back into supply, the more that people will feel the waves/the prices. Think of it as supply monopoly, the one who holds a bigger percentage of supply can influence what will be the next step, that monopoly could crush the prices or buy more to make it more expensive and sell it to individual at a higher price. Yes, it will affect individual investors, they are part of the market too.
2797  Economy / Economics / Re: Ray Dalio: What I Think of Bitcoin on: January 29, 2021, 05:17:50 AM
Most of these Wall Street Bankers don't have you, or their clients in their minds anyway so it would make sense how they hate bitcoin which literally makes everyone become an investor, a banker, and a trader of themselves without the need for these iffy boomers. Unlike Ray Dalio who is very optimistic and open-minded in his views, a majority of Wall Street Giants have been working on the same strat, same stock to generate passive income, then make a fool out of unsuspecting investors to make huge gains. That's how things went in Wall Street and they are afraid of losing this lavish lifestyle they got because of crypto, so they'll do everything they can to stop it.
Fighting the change is not a good thing in the long run, in the early stages it may work but it can back fire if the change is a real deal, good thing that Dalio knows how to play the game, he knows that the current exploitative system of Wall Street is going to be destroyed by this new and more population friendly cryptocurrency and so he changes sides which is a good thing for bitcoin because many people will be following him in his footsteps which is another increase in demand for bitcoin. I do agree with bankers and stock brokers not having your best interest, they pocket commissions and that is what makes them rich, I remember that quote in Wolf of Wall Street about the work of brokers getting a commission in expense to the client switching their stocks to a more profitable one. Luxury is a very addicting thing and these people losing it will be a good punishment for them, let them have the taste of their own medicine.
2798  Economy / Economics / Re: Trading Bitcoin in Africa Is a Way for Some to Escape Poverty on: January 29, 2021, 04:34:42 AM
It's the same in other parts of the world but it's encouraging to read and hear such stories like this because we all can relate to the strive that Aluko did. I remember the situation in Venezuela and some of those interviews that I've watched that it was bitcoin that helped them to survive even if there's hyper inflation in the country. As they mine bitcoin and then eventually sell it for their survival which can be said that it includes trading.

Aluko is just one of those successful traders that made fortune through trading. He understands the risk of what he has chosen but it's more profitable and rewarding after all of those years that he had done trading.
That is because with cryptocurrency being closely tied to USD most of the time, they can get more value out of it when they trade because the exchange rate of their currency and the USD is so big that they can afford basic necessities in local setting. I think that every trader understands the risk, a person that does not understand it is not a trader at all but a gambler. I wouldn't really say that it helped the poor because there are other people that does not have an opportunity to access the Internet to trade or even buy one, it is more like it helps those who opens their door for the opportunity.
2799  Economy / Economics / Re: after gamestop's short squeeze, reddit turns to doge. 600%+ today on: January 29, 2021, 03:48:33 AM
Many people will be getting a big paycheck when this short squeeze keeps on happening, I do not mind that hedge fund manager commit suicide because they are losing a lot of money, they do not deserve to live anyway. The increase in Doge is a big thing for the long term Doge hodlers, I hope that they get their profits cause the people deserve it, the system is back firing and this suit and tie people are panicking.
2800  Economy / Economics / Re: Inflation creeping into the USPS on: January 29, 2021, 03:15:13 AM
2%? and you call this crazy?  Grin
Wait for it, in a few years you'll stop counting the cents as it won't matter anymore, and you will finally get rid of the penny as one truckload of those coins won't be worth one ingot of zinc.
2% is not that big in my opinion, economists believe that around this number or 1.5% is a healthy inflation because this means that there is growth in economy, it also has to be accompanied with increased wages though.
Trillions getting injected into the economy, rising oil prices, increase in the minimum wage, you'll see a lot of prices going up, this is just the beginning. Of course, it won't be something Venezuela style, more like Eastern Europe in the 90s.
If the US government were to re-open their economy with the a better output, I think that it will offset the chances of hyperinflation, you see there are things that will contribute for a hyperinflation to happen, if there are little to no jobs available, this means that wages will not increase, and when the stimulus is being distributed but people are still unemployed which means that money will not be spent on luxuries and the money is hoarded and the economy is already deflationary.
Not someone but all, everyone will pay for it, even the ones that didn't get a cent!
The blessings of free money!
The ones who will pay for it are our grand kids and the further generations down the line. The only way to defeat this system is decapitate the hydra that is leading the economy and has been leading the people with false promise since time immemorial.
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