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2921  Economy / Trading Discussion / Re: Understanding "When" to trade. on: April 09, 2022, 12:35:08 PM
I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.

It's up to you as a trader. Strategies may vary depending on the situation. If what you are doing is working well, you'd supposed to continue doing it. However, we can't give assurance to those who want to follow this strategy as we can't hide the fact that sometimes it won't work for the other person.
Why?
 * it is because it varies in decision-making
 * it is because we are not using the same coins or an exchange
 * Personal behavior has a huge significant effect on our trade

Even OP will do as you've said, can't also expect you've got the same result and see him being successful just like you.





Well no, it does not vary. it is simple mathematics. The probability of a trading making a profitable trade goes down with his trading frequency. If you for example tried to catch every single dip and sell every single top just to make a tiny profit then you would still have a higher probability of making losses, not profits.

Lets say you would still be trading 18x a day. Thats 504x a month which equates to over 100% loss of your holdings if we go by a regular 0.2% trading fee. (This means: if you make no profits, you will have no money left after the last day of the month to trade).

So you have to make 3.6% a day to only even out the trading fee losses. Nobody is making 3.6%+ every day. I don't care how good you are.

Your logic of profit percentage as an exponential function hits a dead end at the unpredictable nature of the market.
2922  Other / Politics & Society / Re: Is Putin at risk of being stopped by his own military Generals on: April 08, 2022, 09:24:19 PM
Not really sure what this has anything to do with economics but I will try to give an answer anyway.

Theres a reason why Putin has been in hiding in his secret bunker or why he fired cooks or why he won't talk to anyone personally and when he does talk face to face with a select few people, then there is always a loooong table between him and whomever he is speaking to.

He does not trust anyone. Because he knows the amount of enemies he made in the world. I am sure his Generals want him dead too.
Imagine you’re a president yet you cannot trust anyone even your generals, I don’t know if the threat is real or not but its not good if you’re on a government where your own people can’t be trusted. We still see Putin in some interviews and I don’t think he is hiding, but if the news about generals are true I just hope that they are doing this for the people and not doing this for their own agenda. Putin must be stop, he’s a big threat for the life of ordinary people.

The very implication behind the words "Putin must be stopped" would be a third world war. Now, he has proven that his army is nothing to be feared. But he still has nuclear weapons that can end all life on earth. Sanctions are taking their toll and this can be seen quite nicely as Ukraine pushes Russia back to where they came.

I doubt Russia will be able to continue for very long. If anything they are probably building up one last wave of attacks before they run out of steam.

At least that is what I hope.
2923  Other / Politics & Society / Re: Is Putin at risk of being stopped by his own military Generals on: April 08, 2022, 07:59:10 PM
Not really sure what this has anything to do with economics but I will try to give an answer anyway.

Theres a reason why Putin has been in hiding in his secret bunker or why he fired cooks or why he won't talk to anyone personally and when he does talk face to face with a select few people, then there is always a loooong table between him and whomever he is speaking to.

He does not trust anyone. Because he knows the amount of enemies he made in the world. I am sure his Generals want him dead too.
2924  Economy / Trading Discussion / Re: Understanding "When" to trade. on: April 08, 2022, 06:16:34 PM
I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.

At that point it might be better to hodl.
2925  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 08, 2022, 02:36:39 PM

I also visited Wasabi Wallet's booth, actually that was my first stop.  The man (not nopara73) gave me some of their rationale re their decision not to accept "certain" UTXOs in their CoinJoin service.  It sounded plausible, in that it looks like it will be for a very limited number of cases (announced thefts of BTC and so on).  Plausible, I did not feel like grilling him.


Can you please share/post more of what the notpara man said that made it plausible? I too believe that it's a practical solution for newbies/less-serious users who merely want to hide their sex toy purchase transactions from their wives, or employers, or employees? Haha.

I expect most of them buy weed and trade derivatives until their money is gone. Still a boost to the crypto economy if you ask me.
2926  Economy / Gambling / Re: Do you prefer lots of promotions over better RTP? on: April 08, 2022, 12:40:04 PM
One of the casinos where I gamble have gone totally overboard with their marketing campaigns. They are spending millions of dollars on marketing and to fund this, they introduced several projects to increase traffic to their site. Now, I am not going to say which site it is.... but I guess a lot of people play there.  Roll Eyes

The site is great ....but the gambling experience has deteriorated... because the RTP has been nerf'ed to hell and gone to pay for these projects.

Now my question is this... do you prefer that a casino offer loads of promotions and campaigns and sponsorships and sacrifice RTP in favor of that.... or will you rather have a decent gambling experience with a better RTP?

Let's discuss...  Wink

In the short term, the promotional marketing campaigns will get you an audience and even some nice leads. In the long term, the low RTP (Return To Player) is going to make a lot of people want to leave them for a competitor with better RTP.

So in the long term, it is not such a wise decision. Maybe the gambling casino is getting tired and wants a last hurrah before becoming nothing?

Red flag for Investors if yes.
2927  Economy / Gambling / Re: PRIMEDICE weak self-exclusion system on: April 08, 2022, 12:33:34 PM
Hello, I have been betting for a long time, and a few months ago I realized that I have problems to stop doing it.

I decided that the best way to stop was to request self-exclusion from the sites I was betting on.

I got to self-exclude myself from primedice, the problem is that after a while, I relapsed and wanted to bet again, and primedice let me create a new account, and bet again. this time, i lost 21600 xrp and a bit of some other coins




This post is not to recover my coins, (although I would like that), but to see the possibility that the sites begin to block not only the accounts, but also the IPs from which those accounts were connected.

Greetings to everybody and thanks





Hmm... Well that does on one hand seem like a tactic I would use if I were to say, want to commit fraud to get my losings back. But maybe you are telling the truth and you really did ask them to ban you.

The question is, did you ask them to ban your IP? And did you go into the online gambling casino under a different IP?

Because if you answered yes to either of those questions then I doubt you will get your money back. However if you asked them to IP ban you and they did not do that, then you might have a case.

But I am not a lawyer. Get some legal advice if you really want.
2928  Bitcoin / Bitcoin Discussion / Re: Proposals for global shutdown of crypto on: April 08, 2022, 11:54:04 AM


I dont blame bitcoin or any digital asset. I am not anti bitcoin. Bitcoin did not devastate my life.I understand this site is the heart of hardcore dedicated followers. I am here to kill evil. If bitcoins crashing spreads suffering I have an obligation to my fellow humans to adress that problem

Dude. You are not here to kill anything. Everyone knows thats impossible. It can't be killed. Only way to "kill" the demand for it is if something better comes along. Then it can be replaced. But because it is the best and most fair money we have at the moment, the demand for it will only increase. Accept it.

Money is volatile. Life is volatile. Accept it. You can't make the world flat and numb so do yourself a favor and stop trying to do impossible things. It is not good for your mental health to stay in that toxic mindset with all that hatred.

Just accept the fact that there is nothing you can do to "kill" Bitcoin. Focus on making your own life happier and for those around you too. Growth of Bitcoin does not need to be endless source of misery for you. You can choose happier things for yourself.

The fact that most people can't get out of their safe space mentallity is because the world has become too warm and fuzzy for them and now every slight cool breeze of wind will make them whimper. A bit pathetic if you think about it.

Maybe it even adds on to the fact that lots of people are scared of anything new. This fear usually increases with age. It happens to everyone.

Bitcoin cannot be destroyed and is the future. No doubt about that. Some people just take a while to understand it.
2929  Bitcoin / Bitcoin Discussion / Re: Bitcoin traders are denied bank accounts globally by the banks- Satoshi Nakamoto on: April 08, 2022, 07:31:31 AM
Many Bitcoin traders are finding difficulties opening  bank account in their own countries. It is a big problem and it need to be discussed to find a solution.

The Bitcoin traders need banking service from the banking industry without discrimination. If the fiat banks continuously deny the Bitcoin traders bank account then I must have a solution, so all the Bitcoin traders can accelerate the Bitcoinu businesses to progress rapidly.

The solution to this problem is 'we' need to setup a bank, let's discuss and support me, I on the way to set up a Commercial Crypto Bank.

 Does bitcoin community globally need a bank ?

I think you may have misunderstood the very point of Bitcoin. And that is to "Be Your Own Bank".

Fiat is the money 2.0 and Bitcoin is the money 3.0. Big update. Soon nobody will want to own Money 2.0 because Money 3.0 is better. So you see, Bitcoin banks are a bit of a bad idea because you are using the old system of trust rather the new system, which is to verify (not trust).

For the people who don't trust themselves with not giving away their seed phrase to every internet site that asks for it, I guess you could do KYC on a registered crypto-exchange like Binance and just leave your money in the hands of a third party - Which is a dumb thing, but you will be able to recover your funds when you inevitably lose your password. There is also Decentralized Finance you can use with other Blockchains.

You could put your trust into banks or you can put your trust into yourself. The best thing you can do for yourself is to think about investing more fiat into Bitcoin. Thats my subjective opinion though, I am no banker.  


Moses Goldman aka
Satoshi Nakamoto

Literally who? I have never heard of Satoshi Nakamoto referred to as Moses Goldman.
2930  Economy / Economics / Re: Which is better, staking or investing? on: April 07, 2022, 08:33:23 PM
Well first of all, staking and investing do kind of go hand in hand.

You're just leveraging your investment instead of day trading or gambling it all away. But if something happens, you can't pull out of the staking deal. Imagine if your investment goes sour and its obviously time to leave the sinking ship - I would not say that such a risk is anywhere near worth a few measly percent "extra profit".

Although those risks go down with long established coins.
2931  Economy / Gambling / Re: Do you want to be an admin of an online casino? on: April 07, 2022, 07:08:12 PM
Hi guys, I've been working for months to develop an online casino and I'm already in the final stretch, I'm looking for someone interested in buying a part and managing the casino.
I am asking for an investment of 0.01 btc.
if you are interested in being part of the administration, you are welcome!

The website is https://newgames.cc

you can contact me by telegram:   @cont_luizxind

or twitter @Luizxind



It somewhat sounds like to me that you are looking for investors first and foremost. Why would someone invest into the online gambling casino and then have to manage it? Are you planning on compensating the managing work with equity or cash? You might want to add a few more details on the casino, what has been done in the past, which results you have so far reached and who is working with you.

Unless you can provide more info, this does not sound like something which would interest investors very much...
2932  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: April 07, 2022, 03:47:48 PM
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

That depends. If I had to identify myself give information about my Bitcoin purchases and transactions then that would be a bit of a downer. In some countries if you want to buy or sell a certain amount of Bitcoin, you need to provide identification and in some cases, they will even ask you where you got the fiat from to purchase Bitcoin. And when you finally get the governments "approval" to buy Bitcoin, your information will still be stored in some database. Bitcoin should not need and approval to buy or sell.
2933  Bitcoin / Bitcoin Discussion / Re: Madeira and Prospera adopting bitcoin as legal tender on: April 07, 2022, 03:35:17 PM
The president of Madeira (an autonomous region in Portugal) just announced adopting bitcoin as a legal tender. Some stats about the country:

Quote from: Google
Area: 801 km²
Elevation: 1,862 m
Population: 253,945 (2019)
GDP: ~4.5$ billion

Prospera (An island in Honduras) has also announced the same thing.

Obviously, these two are not as big as El Salvador, but it's still a big step forward. Your thoughts?

The announcements were made at the Bitcoin conference a few minutes ago.

That does seem slightly impressive and I, as a Bitcoiner am always proud and happy to see Bitcoin being adopted more and more. However 250k people is not all that impressive. I do hope bigger countries start jumping on the Bitcoin bandwagon soon. Its obvious that Bitcoin will get adopted and turned into the world currency at some point. I just want that to happen sooner than later.

Small steps to world domination I guess Cheesy
2934  Economy / Gambling discussion / Re: [BOXING]: RYAN GARCIA vs EMMANUEL TAGOE - April 9 on: April 07, 2022, 03:28:47 PM
The match is near it looks like based on the odds from gambling site Ryan Garcia has an advantage to the match I see that he easily defeat other fighters that is much older than him and it is a surprise how young he is and he still managed to make a name for himself. I would go with Ryan Garcia with this but it will be a tough match for a fighter that has a lot of experience from him.

That experience is nothing compared to Ryan Garcia's power only 2 days to go the poll is not who will win but what round Ryan will knock out Tagoe, Tagoe tried to be impressive in their face-off trying to provoke Ryan but comes fight night we'll see if he is brave enough to provoke Ryan, looking forward to watching this fight,

Tagoe's only chance to be impressive is on the faceoff and he really did a great job on that.  Grin

Ryan Garcia looks so firm, he is well conditioned by just looking at his form, I'm sure he will have an impressive win against Tagoe, but on the other hand, Tagoe would also get a chance to make an upset win.

Quote
just to see if Ryan still has the power he's known for.
I'm sure you'll see that power.  Smiley

Tagoe can really hold his own, although I somehow doubt he won't fare well against someone like Ryan Garcia. So far, Tagoe has merely a single defeat under his belt. If he can keep that ferocity going, then as they say, sky is the limit. With any luck and a few well placed punches, he might actually win this fight. Just because odds are in Garcia's side of the ring does not mean we won't get surprised.

Garcia has the better odds no doubt.

2935  Economy / Gambling discussion / Re: Sicodice scam on: April 07, 2022, 02:54:28 PM
90% winning rate but 100% lose every stake i bet.
From starting the process is still normal, suddenly keep losing every stake i bet.
Stay away from Sicodice, i hate it. SCAM
https://youtu.be/537Zmzn10DQ

You should be careful of accusing online gambling casinos of being scams. There are a lot of people who become frustrated and angry at the gambling websites when they hit a bad losing streak. Whether or not its a scam or this is just another newbie trying to vent their frustration after having bad luck needs to be determined. I think you need to provide us with more details. How many times did you bet and how many times did you win?

2936  Economy / Gambling discussion / Re: What is your opinions about simulated reality games? on: April 07, 2022, 02:13:43 PM
^

For gamblers to trust this kind of algorithms, their code must be open to all. Until it is not, there will be no trust.

If rigged matches can be found in big sports, it is impossible to completely rule out possible cheating by simulated reality game providers. But the most interesting thing is that we are unlikely to ever know the answer to the main question - how often they are abused.

I can understand your concerns with what you are saying but would an open source code really be such a good idea? In fact, that might be bad opsec in of itself. I am no expert on code opsec but I think the better option would be to keep your code secret but always audited, if possible, by verified auditors for code.

At some point in the future, once they have gone through many audits and then they decide to show everyone the code, some single hacker could find a nice loophole in the code and that will be the end of whichever platform used that code.
2937  Bitcoin / Bitcoin Discussion / Re: Proposals for global shutdown of crypto on: April 06, 2022, 03:03:14 PM
. I was more considering how to begin to protect people and close off the almost guaranteed losses that come with btc pricing

Go buy everyone's BTC yourself, and send everything to a burn address. Best of luck.

He does not have to buy it, he is so smart he can develop a quantum computer in his room and use it to hack everyone's private keys after finding out their seed phrases and then, when nobody is left any Bitcoin and the miners stop mining for free, then and only then, will he be able to destroy Bitcoin.

However even such a case is a bit unprobable in terms of probabilities...

What he should do instead is focus all that energy into making more Bitcoin. Or at least working for fiat and then investing it into Bitcoin. Either way.
2938  Bitcoin / Project Development / Re: [HELP] Do I create the company first or do the IDO / Seed sale? on: April 06, 2022, 02:40:21 PM
hello, I have a team of developers working for a project related to cryptocurrencies.

We are almost done with the whitepaper, which includes at least 30 pages + images of the platform, functions, db, data relations, smart contracts etc.

It is a project in which we have a lot of confidence, but we need investment to be able to start. We want to contact companies that are already in the sector and would surely agree to an investment / partnership.

but we don't know how to do this legally since we are all developers.

Should we first create the company, and then ask for funds from them and declare those funds as profit?

Or will they simply not ask for any official paper of our company and will make the investment in our tokens?
Unless your coin/token fails the howey test and classifies as a security, I am afraid you will need to register it in the countries that have IDO investors who wish to purchase your coins/tokens. As far as investors are concerned, you need to go after DeFI investors. Theres a bit of legal stuff involved but I have thousands of contacts to VCs and other institutional investors. I have worked with projects in the past and could be able to advise you  in exchange for some compensation.

Pm me if you want to talk.

2939  Alternate cryptocurrencies / Altcoin Discussion / Re: My biggest crypto regret on: April 06, 2022, 07:33:11 AM
If I am given a chance to go back to 2020 I would hold my ETH very tight and never let go, when covid was hitting the world at its best I thought it over and I sold 24 ETH which I bought at 120$ each, I never knew I was so damn lucky to buy at that price, learn to hold tight if you believe in a project, there are countless of projects in past years that are way bigger in value right now.

Well don't dwell on it too much. This is just an expensive lecture from life. At least that is the way that I see it. I could have had so much money by now, had I only known to invest in apple or playstation or microsoft or Bitcoin or Ethereum or and so on and so on. See, you can't predict the future you can only get lucky. That is what investors are, most of the time. Lucky.

So if you look at it that way, there is no reason to cry over spilled coins.
2940  Economy / Gambling discussion / Re: Inoue vs Donaire II discussion on: April 06, 2022, 06:31:52 AM

I will agree that smart money should be on Inoue in this match. But stop saying that Donaire has no dedication because he did his time in boxing and has been a multiple champion and accomplished a lot. If he losses then no excuses, but it doesn't mean that he didn't put 100% on training, it is that Inoue might be the best boxer in their division, or at what they say, the best fighter win that night.

I am just going by my own analysis of the probable outcomes and what reasons could be driving those probabilities. I am no statistical data scientist so I am probably way off when it comes to the odds. Its just that Donaire has been giving off an air of retirement/tiredness or something similiar. Maybe its just me that is getting that feeling but if there is one thing that is certain is that odds are in Inoue's favor, no matter how you look at it.

Inoue has proven that he is not a force to be trifled with all throughout his fighting history.

I don't mind being surprised by the opposite
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