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2901  Economy / Gambling / Re: Stake.com - UFC Official Betting Partner - Play Smarter 🥊 on: March 27, 2021, 06:10:36 PM
Don't too familiar about that slot game you have played. As i heard from few people if slot has bigger risk to lose our money even though their RTP is quite high. Slot could turned your money to huge if you hit the jackpot, but you could lose all your money quickly too
yes that's right .. the algorithm of the slot is unpredictable. I try to manually so that I don't even buy spin ever to reach 700 Spin to be able to get scatter. indeed for slots it is only pure luck and we cannot use strategy. because I myself have lost quite a lot in one time without any jackpot or profit at all in all the games on Profider PragmaticPlay
My entire family love slots, they play them a lot, waaay back years ago I was in charge of writing about slots in many different places, and eventually wrote about them all, later after a while stake added them as well and my family members tested all of them for me because they liked playing them and would play anyway, they talked about the differences and similarities and so forth.

One thing I remember them saying that this place has one thing common with any other place, if you just put it on auto, slots would not be fun to play that way plus it would lose you money for sure as well. It was like that here, and it was like that anywhere else as well.

Slots are something you should play manually, it is both more fun to do that, and it is also a lot better for your profits as well. Of course it depend on person to person but I just think that slots is a manual game to play.
2902  Economy / Gambling / Re: Chips.gg |🎰 100k Event | Daily New Slots | on: March 27, 2021, 03:14:11 PM
The $100,000 Chips Celebration Wager Event is now LIVE!

There are 100 Cash Prizes to play for, with the top 3 spots paying out some colossal cash prizes -

1st place $30,000
2nd place $25,000
3rd place $15,000
This is as good as it gets, you guys are awesome, I have never seen anyone do a 100k giveaway before, I have seen smaller campaigns many times and I have seen place give more than 100k total as well in span of a lot of months or even years, but I have never seen any place give 100k in one competition before. It means this becomes the biggest giveaway there is, there is a "lambo lottery" which technically is bigger because it is 200k, and you can get tickets for that lottery by wagering as well so it does become "part giveaway" for those who gamble to get the tickets, but you can also buy the tickets so it is part lottery as well hence it is not really a competition like this one.

I think this will bring chips to a whole new level, I believe we will see bigger and bigger number of users here, and that is going to change the place a lot as well in the near future.
2903  Economy / Speculation / Re: Stop comparing BITCOIN on 2017 & 2021. It will never be same again on: March 27, 2021, 01:51:46 PM


History might be repeat, but surely it's won't be same as 2017 anymore. We won't see bitcoin at $5,000 , $10,000 or even $20,000 anymore from this year to the future

Yet people are still comparing, they still look back and discuss the 2017 experience even those who did not experience what happened in 2017, they love to make a comparison, they want a guarantee that what happened in 2017 will not happen this 2021, these are people who are not comfortable investing and always ask if it is safe to invest and what coin to invest, they will stay as newbies in the world of investing.
I think people just like it that way, I do not know why and I do not know how but there are way too many people that end up comparing years, and 2014 was nothing like 2017 neither but people kept talking about the similarities there as well. Just because it went up and went down doesn't mean that every time it goes up and goes down will be exactly the same. I do not get it, what's there to like those kinds of stuff, I mean it is really not that shocking if you ask me.

I think no year is similar to other year, the only similarity in years that except that one year we have gone up almost every single year, bitcoin is a store of value coin and it will only keep going up, so there is really no rush for bitcoin to go even higher but I can promise you that bottom of each year has been higher than the previous year and that will probably continue for a very long time.
2904  Economy / Speculation / Re: The Impact of US dollar on Bitcoin on: March 27, 2021, 04:22:12 AM
I think dollar could gain as much strength as it wants but it will never be as good as bitcoin. Bitcoin is store of value and even though dollar "looks" like it is gaining some power the reality is that we are talking about 5+ trillion printed for covid this year, that is not a normal price, and it wasn't for people neither only some parts of it were for people and majority was for companies and that is why I think it will keep on being worse than bitcoin.

Bitcoin foundations always supported the people who needed some place to hide their money and not leave it to morals of governments, doesn't matter which nation and doesn't matter which party, and no matter how strong dollar becomes, it will be weak against bitcoin. The drop is about 6 billion dollars worth of bitcoin futures being unlocked, and it will recover very soon, hell it recovered already.
2905  Economy / Speculation / Re: Are you guys happy if bitcoin will dropped to $10k? Why? on: March 26, 2021, 06:47:22 PM
I get all the people here who say "I would be happy if it did that, I would be able to buy more!" and I get that, I really do. However the fact is that we are in a market that moves a lot together and that means if the price falls to 10k, there will be a lot of people who say they will buy, that ends up with selling. I know this for a fact because I know that prices of these things end up going super high make everyone believe in that but the reality is that people are hyping up because of where we are now, not because where we will be.

This is why I think we are going to end up living a better life in the near future, it is going to be high, but if we ever go down, that's going to make the people who are hyped right now scared. I have seen "I wish I had more money to buy this coin" turn into "I wish I never got into this coin" very quickly many times.
2906  Economy / Economics / Re: Central Banks money and blame for printing this is what I think on: March 26, 2021, 05:23:47 PM
I don’t really worry myself about all these things, but I do know that people don’t just blame them, there are things they are doing wrong which is making a lot of people to blame for those bad steps they make.

So, it’s not really about whether they are getting money from the work they are doing, of course they should get money from it, cause anyone that works deserves to be paid, but not when they are going about it the wrong way maybe by doing things that are very wrong just to get extra money and fill their pockets. That’s not good. Whatever they are doing should be done the right way, greediness and selfishness should be kept aside when they are doing these kind of works.
2907  Economy / Economics / Re: Miners Hodling Rates Increases. on: March 26, 2021, 04:18:05 PM
Well, maybe for now, because they have seen how the price moved to a new all time high, so I guess they are just holding and expecting more increase so that they can sell their bitcoins at a price that is worth more than what it was after being mined. I don’t know what may be the effect of their  action, but if I’m right this will lead to a decrease in the supply right? And when there is a decrease in supply the demand tends to surpass it and that means that the price will increase to match the level of demands.

Maybe this will lead to increase or maybe not, I can’t really predict where it will be heading to. And finally I don’t think miners can hold their coins for long, especially this time around that mining Bitcoin is really expensive than what it used to be. So, they are still going to sell them to cover their expenses.
2908  Economy / Gambling / Re: bustabit – The original crash game on: March 26, 2021, 12:01:06 PM
People don't appear to be divesting from the bankroll.  Shocked

The lack of divestments could also be because we're not at a profit all time high, and commission isn't charged until then. Current investor profit is 6150BTC and ATH is 6167.8BTC, so there won't be any commission charged until players lose another 18BTC. Would be an additional 0.5% profit based off of current bankroll size.
I think people know that if it drops, like there are many people who divest, that would be a lot better and a lot more profitable. However we know that when that happens people will profit a lot more, so people do not want to be the one that divests and miss out on the profit.

So, "someone" has to divest to make the profits bigger, but nobody wants to be that person. It's a good problem to have honestly, think about a casino that has so many people trusting it with their money that the bankroll exceeds what it should be, that's a good problem to have.

There are so many people who would have hard time finding 1 bitcoin to bankroll their casinos, I could start a casino tomorrow and work for a whole year and I wouldn't even get 10 bitcoins invested into mine, so even though this drops the amount of money people could make, it's at least something that doesn't disturb the system.
2909  Economy / Gambling / Re: 🎲BetFury.io|⚡️Free BTC+BNB every20min|⚡️$3.5 mln Staking pool|⚡️$100K BFG event on: March 25, 2021, 05:22:48 PM
Observed several people here who haven't activated 2FA yet due to which your accounts are vulnerable to hacker attacks. Personally, I have observed several people lose their funds in their gambling accounts since they never activated security measures like 2FA.

This is why I strongly suggest activating it asap since hackers are always on the prowl trying to steal your funds.
That would be a smart thing to do to protect your account from potential hacks.
I hope most of us has resolved the access in the site and I believe some don't know yet about this change of password thing.
Anyway, at least betfury is fast in seeing this prob before someone has drained their account.
Security is really needed especially in gambling sites or exchanges, where they are holding someone else's funds.
This is the reason why they need to invest in security even if it will take some funds from the project.
I have to say that there is really nothing we can do that would be more important than 2FA, that would be the best thing because in order for someone to steal from you, they would have to work 1000x harder if you have 2FA and that is why it's important. Psychological hacking is still something and people try to scam others and just get all the info they could get to remove that 2FA if possible, not an easy task and takes a while, but that's why 2FA is so important.

If you have 2fa and you were to be hacked, you would have to be an idiot and you would have to be not logging in for days and you would have to answer some private questions to some hacker, you would have to not look at your emails for days and some other smaller stuff, that's unlikely and that's why I think it's so clear that having 2FA "almost" guarantees that you will not be hacked.
2910  Economy / Trading Discussion / Re: This is why you DON'T want go short now 84% of the bearish options has wiped out on: March 25, 2021, 12:46:05 PM
Sure this increase what we are all looking forward and it is happening for sure , the price is not going down soon , a lot of money has gone into Bitcoin a lot of money that belongs to the big institutions and it has helped push the price to this current level price and it is going down from there, lots of them are going to holding for a very long time and now we also have lots of retail investors buying daily, so that very much helping the market to reach a higher level every time.

The op is right of course, anyone that’s telling people to short at this time is either not aware of what they are doing or just wants to misleading other traders, which is probably not going to make any sense at all since that’s not going to be helping them in a way that they think it’s going to be. They just don’t know what they are doing for sure.
2911  Bitcoin / Bitcoin Discussion / Re: Nicole wants to give up her taxi in exchange for bitcoin on: March 25, 2021, 08:17:38 AM
Well, my concern is whether she has another source of income before going about this because it’s going to be a whole lot of risk investing in Bitcoin without having any other source of income. If this taxi is her only source of income, my advice would be that she shouldn’t sell it, it’s best she continues with it, and if it’s possible for her let her try to reduce the level of expenses that she makes and try to save up some money and when the money is enough she can invest it in Bitcoin for long term and continue her taxi business while she waits for the right time when Bitcoin is going to pay her.

Maybe she’s yet to understand that Bitcoin is not a quick source of income, if this is the case then it is up to you to teach her this, that Bitcoin doesn’t bring quick wealth, it requires patience and even hard work. That’s all I can say, before selling her taxi she should first of all secure another source of income.
2912  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: March 24, 2021, 06:03:35 PM
One more doubt is that do you close the account if the coins came from a mixer as per the image posted by the user it says that and i have not heard any situation where a gambling account is closed because they used mixers.
I think using mixing service is not belongs to severe-risked indicators. If their system is able to detect about it and think the funding source is suspicious then they've the rights for asking KYC and earning source, Accounts getting suspend only if the core team detect that the risk to be related to illegal activities.
Mixer is something that actually used by a lot of criminals, it is actually a decent idea that nobody should be following where our money moves, but at the same time could be used by bad people as well, this is why I am a bit confused about it. I would prefer if nobody watched my money, or at least have the capability to watch my money, but at the same time I have money in an exchange that has all my information and my face with it as well.

Hence, I think it would be better if mixers were all banned from all places, from exchanges, from casinos, everything. However in that case you could simply open a blockchain.com account, get a new wallet, send your illegal money from your illegal account to mixer and get it to your new blockchain.com account that is clean and then send it anywhere you see fit, which would be still possible so I do not know what to think about them.
2913  Alternate cryptocurrencies / Altcoin Discussion / Re: tokens of start-up companies? on: March 24, 2021, 01:41:50 PM
I know that there are some companies who would do that the way you have described it here, they will first create tokens and seek for investment and after that they have gotten the investments from their investors, they then arrive at the number two point which offering their products to the people, then they go ahead to work on getting attention to their products which will then cause a rise in the price of the coin.

But I wouldn’t say that is a good way to go, the best way to do it is to make use of the strategy that @ DaMut have listed out...
2914  Economy / Trading Discussion / Re: Trading without experience and knowledge on: March 23, 2021, 02:34:53 PM
Really usually more particular for crypto exchanging since the showcase is so unstable and hazardous that an speculation in a off-base coin might lead to harm past control whereas a little botch like not utilizing stop loss can moreover lead to misfortunes. Exchanging without knowledge and learning is like betting since you're fair trusting your luckiness and perhaps being over certainly on it.There is need of knowledge and experience before starting trade.
You may be right, but not in a case like this, when it comes to trading cryptocurrency you are first of all going to need knowledge before experiencing. You don’t just wake up and hear about cryptocurrency, and then you hop on it and start trading without at least doing some research that will be helpful along the way. So for me, knowledge first before anything you want to do, then experience follows, with the knowledge your first experience will be better than someone without knowledge.

Basically you can’t do something you don’t have good knowledge of perfectly, before you’re going to be trading and doing it perfectly you will have to have had the experience and knowledge, without those two things it’s just going to be like you’re gambling for luck since you’re not sure where you’re heading to, you’re just trying and wishing you would win. I have not tried things like this without doing some research on Google or asking a friend for help, it’s really important for anyone to do.
2915  Economy / Trading Discussion / Re: Now that cryptocurrency trading volume surpassed the south Korean stock market. on: March 22, 2021, 06:53:52 PM
The best part about this is you can give most of the credit to their own citizens as the government didn't really do anything aside from letting the crypto industry be legal in their country, the South Korean government didn't really do some kind of promotion but just legalization of businesses related to crypto and that's it. The citizens of Korea are the ones who figured out that Bitcoin and other cryptocurrencies has more room to grow as compared to other assets. Only if other countries gave these kind of friendly laws for the crypto industry I think other nationalities would be more open to a riskier alternative from the stock market.
That's more than enough for many places. South Korea is not a third world nation, they are quite strong in economy compared to many other nations, they have global products that people use all around the world, they are probably second most known mobile phone company in the world as well (samsung) and basically all around a good nation, if some small tiny african nation supported it that may not be a big deal, but when south korea allows it, that is a good news.

Look at USA, they allowed it, but each state had a different tone for it, for example New York "allowed" it but in reality they started to just make it incredibly difficult, so there are few in there while many in other states, long story short we are talking about something that could actually make a big difference depending on how you allow it and where you allow it, which would help it grow a lot.
2916  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum & Bitcoin on: March 22, 2021, 06:00:25 PM
Just wondering what people think about the current price of Ethereum and Bitcoin? I wanted to buy some more of each but obviously the price is quite high - record highs in fact! Are we expecting for another dip i.e a better time to invest or will it keep rising?

I know this is a question of speculation but if anyone has views/opinions/research I would love to hear your thoughts.
I think the best way to purchase right now is in parts, that way you will be in more of a relax mode and nothing would hurt you. If you buy with 10% of your money once a week, you will buy both from highs and with lows as well, that way spread it around 10 weeks and you have yourself a decent sized portfolio that you did DCA on and it would help you.

This is why I always buy, because I think it will be 100k+ one day, and even 500k eventually, I will never stop buying, from every salary I get, I put about 10% of it to bitcoin, back in the day it didn't worth much but now that bitcoin is a lot my investment started to worth something, I even put some money in some altcoins and made some profit there as well. This is why I think put your money into crypto right now, and if you end up with a drop buy more, if you end up with an increase, buy more anyway.
2917  Alternate cryptocurrencies / Speculation (Altcoins) / Re: A Big Secret of PANCAKESWAP (CAKE) Coin (Speculation of CAKE coin!) on: March 22, 2021, 05:21:37 PM
This is what we have been talking about being decentralized, the price is decentralized from anything and will be whatever. Uni is used this much or cake is used that much, those things do not matter when it comes to prices, it is bought and sold and that is the only way the price changes.

Definitely cake could be used more and because it's used more the price could go up because people will be buying more, but that doesn't change the fact that we are talking about actual buying and selling as in trading, those people will do whatever they want and even though they are influenced by these things, it doesn't mean that they are connected 100%, like price doesn't go up suddenly if there is a new user, that is why I think it should not be seen this way neither.

It is definitely something to keep in mind, cake is growing bigger, but that doesn't mean that the growth rate has to be equal to how much it's used.
2918  Economy / Economics / Re: How much can you make by saving and compounding on: March 22, 2021, 04:49:55 PM
Compound interest is great, but with interest rates being so low, it is not an Inflation beater.  Roll Eyes

It would have been interesting to see if someone made a comparison between someone buying $100 worth of bitcoins every month, since 2010 and someone saving $100 with interest in a Bank with compound interest.  Roll Eyes

I bought bitcoin when the price was between $300 to $400 and I sold some of those bitcoins at $47 000 ..... Do you think compound interest would have given me higher returns on my investment if I simply left it in my Bank account with compound interest? (Noooo way in hell)  Grin
Compound interest and investment are different things. You still made more money than anyone made from investing as well, but what you should compare is buying a stock and holding it or buying gold and holding it, those didn't earn that well during this period neither but if you were smart enough to pick the right stocks you could have made more than compound interest in the banks as well.

Compound interest in banks is something only the people who are not sure about what to invest does, they prefer safety and they do not invest it, they just leave it there to accumulate, they are not after making a profit, they are thinking "well the other option was making zero", because they are not investing it. But you invested into bitcoin, you took a risk, and that risk is zero in compound interest, which is why you deserved more money when that risk paid off.
2919  Economy / Economics / Re: Bitcoin could win the currency war on: March 22, 2021, 09:22:11 AM
I see that bitcoin will benefit immediately (already doing so) from a tailwind of irresponsible money printing, but more than that, I see it benefiting from the silent economic wars in which even the theoretical winners may end in a sea of debt that, once again, will be paid printing monopoly money.

Ray Dalio phrases the opportunity: “And you have a situation when there is a rising power challenging an existing power, there is competition, and there is a risk of war. And so how they deal with each other, whether there is a greater good or whether they are fighting with each other, is the defining moment.”
That depends on what you mean by Bitcoin winning the currency war, if you’re talking about it becoming the main currency that the world will be using that’s not going to be happening but as for becoming an alternate currency that a lot of people will rely, I believe that’s going to happen and it is already happening as there are so many people who are now making use of Bitcoin to send and receive money, though as of recent it has been an issue as the fees that are required to be paid before a transaction is confirmed has become really high and people are considering different other options. So, right now it’s more of an investment.

On what I am sure about is, regardless of how many people will be adopting bitcoin and whether bitcoin will be winning the currency war or not, I believe bitcoin will remain as one of the prominent payment option for its unique feature which means bitcoin will conquer all finance related wars over the time Cheesy.
2920  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: March 21, 2021, 07:16:18 PM
I think you are drawing parallels which should not be drawn currently.
GME saga where the retail investors are against hedge funds who have exchange's under their thumb is different ball game . They are trying to get the stock down and profiting by doing so. Bitcoin is seen as people's money but the general idea with btc is fight between people and government which is printing money like crazy not people against hedge funds.
Who do you think governments print that money for? It is the same hedge fund managers that got the money and same banks and so forth that got all those printed money. When the world was in danger and economy was crashing governments print money and give it to corporations to continue operating and not bankrupting, while not paying the people a lot of money. Reality is that we have seen about 3.4k or so per person right?

Well, corporations have seen 3 trillion dollars total, I do not know how it was distributed but it could have been nearly 6k per person more money if that money was given to people but governments were afraid business' would go bankrupt and instead of giving it to people they gave it to companies. So, basically bitcoin was created against government that ruined fiat to help hedge funds that fights with wall street bets, all ties together and all are in a war.
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