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Duh.
Where do you even begin to list all the negative effects that inflation brings to a common family, household savings-wise? I mean from the get-go you're literally getting blasted in the ass by high prices, which if you're not really paid handsomely in that 9-5 you're working your ass off you'd be forced to scrape every centimo you have on your savings account. Even worse, and this is especially evident in countries like America where they are basically trolled by their healthcare system, for instances where you need to get hospitalized (and yes, inflation still plays a part in this) you're forced to spend every single dollar you have on your name just to get that ambulance to fetch you, some even opt to book Uber for a ride to the hospital because it's astronomically cheaper than having to pay 500-1000 bucks for an ambulance ride alone.
Inflation also inadvertently makes a family's fiat savings worthless, as they make your general currency less valuable. If all your savings are on the dollar and you didn't have any other assets to protect yourself with you're donezo, you're going to sit at a million dollars' that's not even worth a million dollars, if you're catching my drift.
And we're barely scraping the tip of the inflation iceberg here, I could go on and on about every single effect inflation could inflict upon your savings', but one thing's for sure, if you don't take care of yourself, your money, or your valued assets, you're going to be eaten alive by the economy.
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Just a thought. It could really help us out too especially for those people who are very invested in certain topics and would love to see if someone replied to their posts, normally you'd get these in your email or through a telegram bot if I'm not mistaken (at least for me) but it's quite the cumbersome process having to check your email, or download an application arguably riddled by sex predators, hackers, and scammers every single time you wanna know if you got notifications.
Not a complaint but a suggestion too, imagine if you get notifications straight into the forum itself, you'd be able to quickly get into the action, seeing who sent you merits, flags; who replied to your comment and a snippet of what their comment was to give you a little bit of context, replies to posts you made comments on if possible, the world is an oyster and all we really need to do is get this implemented, cause at the very least for me and my friends who use bitcointalk we never really got much value out of the watch thread button, and besides the messages tab showing you how many messages you've received so far we don't really have an idea of what went on with our bitcointalk journey for the day.
I'm pretty sure I'm not the only bloke in here who's seen potential in a comprehensive notification button/tab on the forum. If this is you (or this is not you and you'd like to argue), drop some insights below. Thanks!
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-----Emotions-----Opinions-----Fact------ Hey! I was thinking of something this night, this thing about merits and the merit-sources. If you are a merit-source, should you always give away merit to good posts even if you dislike the user that created the post? Or are you allowed to be controlled by your feelings and only give away merit to people you like or don't know? It's a different a user can give merit to whoever he wants, because it's his/hers own merit and they can do whatever they want with it. But a merit-source how should he act? Without feelings or with feelings? I don't trying to blame anyone, or create any drama and I am not disappointed with my low merits, I am quite happy and proud that I already got ten merit and being a member rank, so I am in no rush what so ever to rank up, I actually love the farming and the journey, because when and if I reach Legendary nobody can say I didn't earn it the right way. I rather let it take years of honest farming then months of cheating. But back to my question, what do you think aboiut merit-sources when they handle out merit? They should give merit to all good posts right, even if a user they dislike made a very good post. Or is it okay to just skip to give that user merit even that he made a very good post? Maybe this come as bit confusing, I am sorry my English is not 10/10. But I hope you will understand! Great weekend everyone. UPDATE 18th November: I now been on the forum a bit longer then the time I created this topic and I truly believe being a Merit-Source is not as easy or fun as it may look like. So I want to take the time to say Thank you to all Merit-Sources that seeing this with neutral eyes! 🙏 Generally speaking, how and why they send merits to people (as long as it doesn't spark suspicion) isn't anyone's business but the sender's. For one, they got their Smerits fair and square and whatever they'd like to do with it, they're the ones that should only be held responsible and accountable for. They want to hoard it and perhaps grant someone with a rainshower of merits by checking their good posts? By all means, they want to spend it as they come and grant people they want to give merits to regardless of how good they post or not? None of our business yet again. The only time it should concern us if there's something fishy going on which warrants the attention of the forum and the moderator. People hoarding merits and then sending them all at once on a single post without particular reason or whatsoever so they can cycle the Smerits, hackers getting into people's bitcointalk accounts and sending merits to a single account to hoard Smerits and possibly amp their reputation in the forum illegally and artificially, etc. are just among the very reasons as to why people should take notice of people sending merits. In my opinion, anything else that's not what's mentioned here should be let go. It's theirs to keep and send to people, for merit sources the same can be said but they certainly have virtues that require them to send merits under a principle and not necessarily just cause they like the person. But in any case they could easily do that and I believe no one's gonna bat an eye really. |
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I always tell and advise my friends who are new to gambling to never look for a pattern in luck-based games because there is none even the ever-popular martingale is not a guarantee that you can find a pattern that will give you a continuous win.
I have a friend who boasted that he had found a pattern where it allowed him to win 10 successive bets on Mine Sweeper, he used that pattern two successive days with success but unfortunately for him on the third day those patterns are not working anymore even on the 4th and fifth days, now he is back on the drawing board again..
I told him that the house edge plays out and since this is luck based game what works now may not work tomorrow every day is a new session with new patterns
How about you have you at one time of your gambling experience experienced finding patterns that you think are effective and consistent only to find out later after several days that it's not working anymore..
And are you still looking for patterns that you think will work in the long run for you.
There is no pattern in these types of games besides the patterns we make out when we play. Sure, there can never be true randomness and every once in a while you can figure out some sort of algorithm that could work in your favor but houses and casinos catch up pretty quickly with these linds of things, and in that regard it allows them to change up/switch up the system to make sure that even if there were to be new patterns or whatsoever, it’s not gonna be the same pattern that gamblers were able to crack down prior. In digital games this is exceptionally true, computers and AI suck at reaching true random so there are systems and codes in place that would shuffle their inputs to produce a number that is generally random. But even these robust systems in place couldn’t really catch on so you would get gamblers who would abhse these every once in a while. And as with the previous example/analogy I put out the casino will catch wind of this and would eventually switch things up. There is no reliable way for you to figure out patterns in games, as even the trial period would require you to put down a wager which goes towards the casino’s pockets. Eventually the wagers you put in would equate or even go over how much you’ve won trying to bag a pattern that’s going to be changed anyway tomorrow or the next day. |
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Nope. I’d rather stick with logics and actual thinking rather than rely on my biased insticts and gut feeling and hope for the best. I’d argue that you actually do the opposite of what you just told us lol. Cause how can you trust yourself when the only thing uou can reliably do when you gamble is make the bets as the way you wanted? You can’t control the outcome, hell, the outcome will even control you at times due to gambler’s fallacy, and you’re out here telling people to trust their instincts? C’mon man.
For cashouts I guess you make a very sound point but that in itself isn’t really something you can attribute towards instinct, it’s a completely logical move you make after weighing your situations against your decisions and it’s not something you can simply pull out of a gut feeling.
Do not trust your “instincts” when you gamble, always think and make sure that you’re making the right decisions, you don’t wanna be the guy who loses all his shit just cause he thought red hasn’t come up in a while so it’s gonna come up in the next turn.
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Sorry guys I have to make this thread self-moderated to keep spam off from making garbage comments on this thread.
Now my experience today, so I got my weekly signature payment only stake account few hours ago, and for some reason, I decided to gamble with it and bet on the Newcastle vs Blackburn rovers and with a draw for the games I chose which gave me an 2.5 odds at the time of staking the bet, but at the end, the, Newcastle first made the first goals score making the match to stand at 1:0 at that point, I made used of the available cash out which was almost a 60% lose from my initial bet amount, but then I thought it better than losing all at the end.
Now I staked another bet with my remaining available balance and also I lost the bet and that brought my balance back to zero which means I lost all the money paid to me back to the stake casino, this reality triggered up this question in me.
How do you see losing your payment to the casino?
Do you see losing your payment back to the casino as your own form of indirect support for the project?
Do you think that I already have a bad gambling mindset thinking that by engaging in one or two bets or games I am supporting the project I promote?
This topic is for general discussions, but I would like to hear and read what those who are promoting casinos/book markers that pay them directly into their casino accounts.
Welp, you just paid Stake the money they gave you in the first place, that's like eating and paying for the meal on the same restaurant you wait tables for. You know how it goes and you know how their whole system works and despite that you still pushed for it for some reason, and now you're not so stoked about the decision anymore. Is it stake's fault to begin with? I don't think so. They're a business with a model that primarily works for them, and not for the bettors, even if those bettors came from the ones that assisted them with getting their names out there. It's on you for falling for this trap and using what you could've used to buy burgers and food with on a bet that wouldn't really bag you a win. Then again if you're a casual Stake campaign member like me who only pushes to reach the weekly quota so I don't get kicked out the campaign and so I don't get tagged for excessive posting and spam this wouldn't really be a big deal, but if you're a hardcore poster of this campaign then it must've sucked to see your weekly paycheck go back to the pockets of your boss. In any case it's not stake's fault and it's entirely on you for listening to your intrusive thoughts lol. |
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So I brought this topic to let us know that in gambling, if you just play it as though you don't take it seriously whether you win or lose then you might surprisingly win an amount that will amaze you one day and it would look as if you're smart or you know how to predict the outcome of events and in most cases, when a gambler wins they doesn't really care much about their previous losses regardless of the amount they won. So I just felt like making some predictions in sports betting today and the events was about 8 matches, and it all played according to how I predicted them to go and I won the bet though I spent less than $1 just #1000 in my local currency to place the bet and i won close to $23 which is about #32000 in my local currency as well. Congratulations to me as i didn't expect this winning.  Not to rain on your parade but I think I speak for everyone here when I say we would rather put fate in our hands than rely upon it. It's much better to work on conditions and settings that would allow you to maximize your winning potential than putting it all on God Lord's hands and Hail Mary-ing your way into a good win as you're trying to say here. If anything that's an even dangerous way of gambling compared to drying up your whole bankroll since you're holding on to a sliver of hope that the casino's gonna be stupid enough to let you have a massive win so you can quit them and be on with your life. That's 9 times out of 10 not gonna happen. What I instead would like you to do is gamble with the whole notion and expectation that you're not gonna win anything amazing, you might not win anything at all to begin with. All you're really in for is to have fun, play games, and maybe have a little chitchat with your tablemates if you're playing on a brick-and-mortar casino or unwind and relax if you're playing in a digital one. Setting these expectations upon yourself makes you live in the present and not for what could happen in the future, which is greatly beneficial to your whole psyche when you're playing and in turn allows you to be more smart when you make decisions while gambling. Nothing wrong with wishing for a win, but if you're gonna splurge your way out a measly victory then you're going to have a problem in your hands. |
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I want to believe that we all agree that our betting budget should be within 5% -10% of our monthly income as responsible gamblers. However, our perspective on sports betting differs. Look at the gambling sentences and indicate which of the statements you agree or disagree with. You could also write a brief explanation for your standpoint
1. Don't bet all your money on one bet.
2. Bet the same amount on every bet.
3. Don't bet more than once a day.
4. Don't bet every day.
Only statements I would actively resonate with are the ones that talk about not betting the all your money in a single stake, or not betting everyday, and only because it makes sense from a responsible gambling perspective. The biggest reason why people bet more than they have to is because they don't feel fulfilled with the bets they have wagered all throughout the gambling session, and the biggest reason why they feel like so is because they don't think they made enough bets to cover for the amount of money they have thrown away. In that regard that only means that when you have to play in a responsible manner, and you have to play like such every time, you would have to spread out your bankroll in multiple bets to maximize the most amounts of bet in what little money you have. Which is also consequently why I don't think betting the same amount on every bet would really make sense. You could do it for all I care but if that's not something that would really sate your gambling appetite then it's not gonna work for you, and you'd end up wasting even more money later down the line when the 1 buck per bet you made just doesn't cut it for you. On not betting everyday by the by, I would agree with it only because I personally feel more fulfilled and desirable when I make bets spontaneously as opposed to having a routine schedule. If anything normalizing gambling by allotting a schedule for it in your daily itinerary's gonna cause you even more problems as it's going to push you to gambling addiction even closer, so definitely cross betting everyday out. |
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This is a story where a mom thought she won 5000$ in a lottery (which was already a big amount) but later discovered that she won 50,000$. That is indeed one of the best things in her life and it just changed her life. Most of us spend our whole lives participating and thinking that one day, we will win the big lottery but it seems an impossible thing. However, when we see other people's winning and changing their lifestyle, the hope of winning among us keeps alive.  Iowa Mom’s Lottery Win Goes from $5,000 to $50,000I kind of relate to that last part of your post, and I know the reason (scientific and psychological that is) of why I and a lot of people in the gambling community feel like their luck and chances of winning has something to do with other people winning. Ever have that superfan feeling of extreme pride and happiness when your favorite team wins their game or the playoffs? You know that you've got nothing to do with how they win, heck for some of us we're literally useless as we're not even in arenas watching them pit it out, cause we're at the living room watching the game without personal input on the game, or the team's morale. And yet despite this we still feel like we've got something to do as to why they won the game. I forgot the exact term describing this particular moment but it's basically what fuels you into thinking that perhaps just cause someone within your vicinity won theirs, you'd have a good chance of winning it as well. Simply untrue and unbacked by Science, which is why I don't go for it anymore and just feel genuine happiness from seeing other people succeed, (without thinking that they should learn that skill too and win competitions with it, or just be overall lucky cause they interacted with the winner. |
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Some people among us are no getting what the meaning is. This is an example: We have said it several times without number on this gambling board that gambling is not for making money. Gambling should only be for fun.
LOLz I was an advocate of this (gambling solely for fun and nothing else) but honestly, I've changed my mind, it is wrong to believe that people will spend all of their hard earned money on gambling just for them to have fun, very wrong believe if you ask me. There are several games people can play for free for fun's sake, there are video games that are way more interesting and fun to play than any slot or casino game, there are also some really good betting games that are far more intriguing to play than sports betting, what exactly do you think make slot games, Casino games, and even sports betting so interesting that people would want to spend their money on it just to have fun? As far as I know, non of this games are as interesting as playing a good video game on my laptop or mobile phone for free. To believe that gambling should be done purely for fun is dilusional(sorry to say), I once posted a poll on this board where I asked gamblers on this forum that, if the possibility of making money through gambling is completely removed, and they have to keep spending their money to gamble, but will never win a dime because it's completely for fun, will they keep gambling?, the 100 percent who those who answered the pool said no, that they would stop gambling, for what is the essence of gambling if they can't win money. It is not gambling for fun only. That is not complete. It is gambling for fun and not seeing gambling as a way of making money It is what we want newbie gamblers to read to remember if they lose huge amount and know they should only gamble to have fun and not a way of making money It means huge amount should not be used to gamble It means using gambling to make money is irresponsible gambling habit for the rich not to become poor It also means gambling should not be taking your time that supposed to be used for important things It means people should not be addicted to gambling It means gambling can be good but if gambling responsibly It means if gambling is taking money from you than expected, quit gambling as you are not gambling for fun and the later outcome can be bad. You can by beer to have fun and not seeing it as a waste of money. You can give a friend little amount of money in a way he may want to give you back but you will not collect it as you see it as small amount, telling him it is a small amount of money. Only such money like that, that are small in amount set aside should only be used for gambling. That is the meaning. The fun you see there does not necessary mean fun. Just like an ideom. Could be one of the few times I would agree with what you say. The common misconception people have when we talk about "gambling for fun" is them just thinking we're going to be okay and happy with splurging thousands of dollars in one go, which is simply not true. Everyone who loses that amount of money in their own worth's gonna be in shambles, even the most calm and collected clown on the planet. What we talk about when we say we are all for gambling for fun is exactly as you have mentioned Oshosondy, gambling in such a way wherein losses doesn't take a toll on your mental and gambling in such a way wherein you're able to maximize the most experience and fun from your gambling session. People can easily gamble away thousands of dollars when given the chance, but a responsible gambler who gambles for the sake of entertainment will find multitude of ways to squeeze out as much play as possible from that amount of money and still have so much fun that even when they lose that money eventually, they're not going for revenge gambling, and in turn gambling addiction. That's basically it. It's a simple concept if you'd ask me and unless you go out there preaching as if you're some sort of evangelist you're not gonna get misconstrued for what you're saying, I'm not even sure at this point why this is still a topic when it's goal and reasoning is clearly established from the get-go. |
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When you have one or more children, you have heavy responsibilities. Sometimes you're on a tight budget. Can being a parent change our playing habits? Are losses even harder to bear when you're in charge of a family? What are your experiences in this area?
I say that if your gambling habits haven't changed soon as you start having kids, you might wanna check yourself before I start calling Child Protection Services because I would always assume the kid's not being taken care of well in favor of your stupid gambling habits. When you get yourself a junior, it's imperative, and I MEAN IMPERATIVE, that you adjust for the little kid's existence, what's yours is no longer just yours but your family's, your previous bachelor and carefree life should be substituted for a calculated and financially-safer lifestyle cause as a parent, you're not only in charge of your own life, your actions will have direct consequences on you and your kid's future as well. Which is why I always say parents who are gambling should minimize, if not stop their gambling sessions so they can focus more on taking care of their kid. If they're too adamant to have a me time and enjoy time dedicated only for themselves then perhaps look for other hobbies that wouldn't break the bank and put your kid's future in jeopardy, cause 9 times out 10 you're not a responsible gambler, and you're few short losses away from splurging your whole bankroll and life savings away. So yeah, don't be stupid, always prioritize your kid no matter what. And if possible, quit gambling when you start having kids. Your kids will thank you when they grow up with a responsible parent, trust me. |
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Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem. Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.  Personally, having decentralized gambling platforms and dApps become part of my guilty pleasures in life. Just knowing that there's no one who's really in charge of everything while having full-access to every great thing I loved about gambling and cryptocurrencies in general has put me in so much ease. Centralized casinos like stake aren't so bad as well as some people make it out to be. Having some central governing body works well for a platform that dabbles with gambling and currencies since you can confide with these entities' customer support and assistance when shit hits the fan and you need help, something that you really can't find in a decentralized casino, at least last I checked. Not to mention the safety of the casino itself financially-speaking since most of these centralized casinos are more often than not backed up with millions upon millions of reserve assets for when they need to go liquid, again, something you can't really expect from a regular decentralized casino. However, in the grander scheme of things, decentralized casinos are more future-proof, safer, and more comfortable to use, and one great thing about them is that you don't need to knock on your casino's founder's doors to get your voice out and be heard, decentralized casinos are governed by the people for the people so features and perks you would want to see would have a great chance of being implemented provided that there are a great deal of people out there who wishes for the same thing. |
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*I created this topic on the other forum just recently and I would also like to share it here so we can exchange ideas based on your own opinion.I saw this video on social media just recently wherein a famous local influencer here in my country loses more than $4,000 dollars in just 2 minutes.  Video link: https://www.facebook.com/100063918190580/videos/1064447011428446/?mibextid=rS40aB7S9Ucbxw6vEven with a rich guy gambling, still has this regret he just made, so how much more for an average guy to take the risk of spending his hard earned money just to gamble? Have you experienced this kind of situation wherein you spend huge amount of money and then regret after the loss? Is your reaction the same with that guy on the video? The guy's a pretty famous streamer in the Philippines and is just as controversial as his antics are. This is the least of his questionable decisions I swear to god LOL. in some places here in the Philippines that much could set you up for a couple months, could even be stretched to a whole year if you're really that stingy as most of our employees here are paid pretty much less than that in a whole year lol. So yeah, he just splurged a random Filipino call center freshmen's annual salary in a single play. Nothing too out of the blue really. But that's besides the point, he's pretty much vocal about the dangers of gambling and how some certain Filipino-fave casinos are rigging the game by hiring streamers to advertise their casinos, which of course includes the casino topping up the account of the streamer so they don't have to gamble under their dime, so even though he's done pretty weird things in the past and this one not being an exception, I can pretty much get behind him. Just wish he's smarter with his money though, 200k pesos is still 200k pesos and you're not gonna get that anywhere here even if you cartwheel your way into someone's pockets. Must've been sad for some of his more empathetic fans to see him splurge their whole net worths in one go, but who cares? |
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I was contemplating the sum of all my gambling experience today and thinking how I have had so many fun experiences with gambling despite some negative connotations i've had of it growing up. When I was a young lad I was told that my grandfather took all the money that he had invested in each and every one of his grandchildrens college funds and that he lost it all when he divested it to start betting on horse races. Needless to say that i've never been to or seen a horse race to this day -but heck i'd sure love to go to the Kentucky Derby. One day I will. Anyways, upon thinking of a method of gambling as old as horse racing and as new as an online crypto casino I can't help but think of all the different types and places you can gamble in and what the future of gambling may hold and what the experience is like for the end user. From Vegas to the middle of the ocean on a cruise ship you can gamble and everywhere in-between even the Metaverse online! But in the end its all about the feeling gambling gives you, and ultimately that has a lot to do with the individual experience and environment that it is held in. This brings us to the future of gambling and where it looks to be headed. With this new VR technnology from Apple and Meta and other competitors getting in the game it is only a matter of time until everyone offers the "Apple VR experience in retail and online" Or the Meta, take your pick. I just can't wait to see more of that evolution, and I already know its here I just don't know who does it because i'm not the gambler my grandfather was albeit I do like a good gamble here or there  I am excited to see the comments. Please comment on where you think the future of gambling will be. What kinds of benefits will the gambling experience of the future bring in all walks of gambling? Will it be a good thing or a bad thing? What do you think makes the gambling experience the best in your opinion? Pick and choose any / all questions to be answered- I can't wait to see what everyone says. Cheers, TREAD93 While there is definitely opportunities for gambling in the new iterations of the internet of things, I don't think I'm too stoked about gambling in augmented reality especially when I could just visit my local casino and actually enjoy gambling in the first layer of reality that we have and not the pathetic XR (mixed reality) that a lot of these companies have been pushing out lately. Not shitting on innovation or whatever, it's just that I don't see the reason as to why I'd want to gamble virtually and immerse myself fully into the gambling experience when I experience the same thing in a much raw and dynamic way in the real world, and I don't have to spend 2000 bucks on equipments/subscriptions to do it too, all I need at most is gas money or perhaps a bus ride to where the casino is and I'm good to go. For certain things such as multi-tasking, development, and AI training, augmented reality surely plays a unique purpose that plays well into that lacking, but for casinos and gambling in general? I don't think the future's in the AR category. If anything digital gambling as it is will just become more decentralized, and sooner or later we might even see crypto casinos offering their users with real monetary goals to achieve, breaking the stigma that you can't earn by playing or placing bets. Although that's a bit of a stretch so to speak since you're not really gambling anyway when you stake money, but whatever. |
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I decided to come up with this topic because of an experience i had yesterday and i decided to bring it here for clarity sake and to see some people's view about it.
There is this notion the society placed on those who gamble or who play all sorts of games ,be it casino,bet9ja,R/S lotto, what, snooker and many others. They often see them as those who don't have what to ,or caliber of individuals who are jobless, a se of people who are not well trained by their parents and many more other names they call them.
i sincerely came up with this topic to find out why they have such views on individuals who voluntarily went to the betting shop to gamble either to win and make a difference or to lose and remain the same way. This idea actually started when i saw a pastor playing bet9ja after a brief evangelism and one elderly woman made a side comment ( That even man of GOD also play gamble) .
however, my question here now is : is gambling restricted to some certain kind of individuals or class? or is there any stratification when it comes to playing gambling ?please your opinions here here will actually quench my curiosity.
Because gambling is not a vocation, nor is it something that can be honed through skill and practice (for the most part at the very least). If anything gambling is a form of vice and since gambling is done with full-on attention and sometimes in isolation, people automatically think of gamblers as good-for-nothing shut-ins with no life of their own, no job to show for it, and no future to look forward to. Is it wrong? Yes, can we really do something about the perception? I don't think so. I'm not saying we should give up changing the narrative and actually painting gambling as a little less weird and niche hobby for people, what I am saying is that perhaps instead of looking outwards and preaching about changing the narrative for the better, we get our asses up and running and actually do something that would further the cause. It's quite easy to preach, it's harder to live up to what you're trying to preach about. But it surely pays as people's perception and idea about gambling's directly correlated to how they see their parents, friends, and other loved ones succumb to gambling addiction. If everyone's more grounded when they play and do not make stupid decisions when they do so, then perhaps we would see a massive mood shift towards gambling. But again, it's not gonna start from whining about the fact that people see gamblers as slobbering incels. |
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Well, you could say that. But things like these doesn't happen specifically within the Trading World and I'm not so sure about the distinction between successful and unsuccessful traders doing this because as far as I'm concerned both sides of the spectrum will and have been able to put out their courses for a price. That's what they have . I've seen business gurus and motivational coaches from across the space talk about their stupid fucking courses that could make your ass rich overnight, long as you buy their courses that cost 5-10 bucks a piece. Unsuccessful traders here would often find themselves complaining about trading, and somewhat successful traders will find this whole rendezvous profitable and make it their main hustle until it stops working for them.
Clever traders and businessmen will profiteer out of it and make courses that wouldn't really help the students for shit cause they know that if their secret to success goes out they'd be toast, so just enough for it to be passable enough to not rile attention. That's been their formula all these years and I don't see that ever changing.
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We know the oil market is booming and countries with oil resources are really making a huge fund out of it and sometimes they do it at the negligence of another local natural resource.
But, of course, the agricultural sector, though not given the proper recognition and the required investment is one sector that contributes seriously to the development and dependence of most nations .
No matter how blessed a country is with oil minerals, if its agricultural sector isn't working and she has to rely on other country for her food and agricultural resources then in event of war or political differences they might suffer.
Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?
Oil is a commodity, but Food is a basic necessity. Countries like China and Thailand who were once purely agricultural countries 10-15 years ago were now massive powerhouses who are able to carry the whole world's economy and produce section under their shoulders. Why? Food export at the start and then diversifying your ventures later on. China did that in the past, once they got the proper channels taken care of they switched to factory work and production, eventually they also took the field of the Internet of Things and made their very own versions of websites that are available outside their country anyway to further seclude the country within this bubble that they have formed. Albeit it eventually backed fire against them, the whole ordeal made them fucking rich and had it not been for the mishaps of their massive tycoons they would've remained in their seat of power these years. On the other hand Oil is what made the Middle East exceptionally rich and martially powerful all these years, I mean that's why the US became suckups to the Arabs all these decades. But we're slowly shifting towards renewable sources of production, and last I checked people will still need to eat food for the next hundred or thousand years onwards. So yeah, Agriculture all the way for me. Both solve a problem and both are heavily required in our current setting, but food will remain a need of the people and the planet forever, Oil will not. |
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MicroStrategy, led by Michael Saylor, has become a prominent player in the Bitcoin market through its aggressive accumulation strategy. Their recent purchase of 850 BTC in January 2024 signals continued confidence in Bitcoin's potential [1], especially considering their reported $4 billion profit on previous investments [2]. This stands in stark contrast to mid-2022, when the company faced criticism for incurring significant losses [3]. Saylor claims MicroStrategy will never sell their Bitcoin [4], positioning them as unwavering "diamond hands". However, as a publicly traded company with profit-seeking shareholders like Capital International Investors, Vanguard, and Blackrock [5], the pressure to capitalize on significant price increases cannot be ignored. While missing out on 2021's peak proved costly, MicroStrategy's MSTR stock price has surged nearly 500% since their initial Bitcoin investment in July 2020 [6]. However, some argue that failing to take profits during bull runs contradicts optimal investment strategies. While Saylor's personal belief in Bitcoin's future might be genuine, shareholder pressure could compel MicroStrategy to reconsider its stance if Bitcoin reaches significant highs, like the projected $160,000 in 2025, followed by signs of a downward trend. Considering the cyclical nature of the cryptocurrency market, with the next peak expected in 2025, it wouldn't be surprising to see MicroStrategy potentially offload some of its Bitcoin holdings then. MicroStrategy's significant holdings and regular Bitcoin purchases have generated considerable interest in the cryptocurrency market. If the company decides to sell its BTC in 2025, it could trigger various market reactions: - Potential Positive Impacts: MicroStrategy's monthly disclosures regarding BTC purchases and sales offer valuable insights into their perspective on the market, potentially influencing investor sentiment. Selling alongside a major player like MicroStrategy could present an opportunity for some investors to align their own investment decisions.
- Potential Negative Impacts: A large-scale BTC sell-off by MicroStrategy could trigger significant fear and panic selling, leading to a sharp decline in the price. If a prominent advocate like MicroStrategy loses faith in Bitcoin, it could erode investor confidence and lead to a sustained price drop, potentially pushing the price below $60,000 by 2026.
While Bitcoin's price fluctuations are cyclical, and Saylor and MicroStrategy acknowledged this, I would be surprised if they held onto their BTC during the anticipated crypto winter of 2026-2027. I would like to know your opinion on this issue: - What are your thoughts on the possibility of Michael Saylor and MicroStrategy selling Bitcoin during the current bull cycle's distribution phase?
- If such a sale were to occur, how do you anticipate it affecting the price of Bitcoin and the broader cryptocurrency market?
- Do you consider the actions of individual entities, such as MicroStrategy, when making investment decisions?
References:[1] MicroStrategy acquired 850 bitcoin for $37.2 million in January[2] Michael Saylor’s MicroStrategy Bitcoin Bet Tops $4B in Profit[3] MicroStrategy’s Losses on Its Bitcoin Bet Near $1 Billion[4] Michael Saylor Suggests MicroStrategy Will Never Sell Its Bitcoin[5] MicroStrategy Incorporated (MSTR): Holders[6] MicroStrategy becomes first listed company to buy bitcoin as part of its capital allocation strategy Histories show that MicroStrategy did not indeed sell any of their bitcoin holdings over the past few years. If anything, during down times where people are more pressured to sell due to price drops, they are the ones who are going against the current and are buying more bitcoins, similar to what happened in 2020. If anything the pressure that these companies are making wouldn't get to MicroStrategy at all, they have been in the business for so long that they knew they wouldn't have to sell their cryptocurrencies at all. They are diamondhands as they say. Quite recently as what Inwestour mentioned MicroStrategy bought even more bitcoins at this stage. Further emphasizing the fact that the company regardless of the outside pressures isn't going to sell any of their shit. Pretty sure soon enough they would be able to sell their bitcoins, but not today, I'm supposing the only market pressure that they'd relent against is when the world finally runs out of stray bitcoins and the demand to buy bitcoins skyrockets. They'd be able to a huge portion of their treasury into cash which would then allow them to become one of the most powerful companies in the planet (LOL). But for real though, I'm guessing that's the strategy they're pushing for. |
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All credit/merit should go to OddJobsForBitcoin's thread, "Hey Theymos, There Should Be a Demotion Button" for the inspiration of this simplified idea that may be easier to implement.Poll: Should "dmerit" be added to allow a member to demerit (-merit) another member?- Yes. - No. Specification: - Demerit a member = burn x merit and log the burn in the profile. - Effect: 1 dmerit -1 merit - 2 (or more, TBD) Merits earned = 1 dmerit Discussion guidelines- If discussing please stay on-topic and provide constructive feedback, not drama or unrelated discussion. - Discussions and suggestions for a 2nd refined poll would be appreciated. First thoughts:- How many merits to earn 1 dmerit? - Would a tweak to smerit like 1 merit = 1 smerit be appropriate if dmerit were implemented? - Why would anybody not want this (if they either aren't an alt account or a poor community member/pest?) Votes reasoned in thread (votes made in poll): - Yes 0 (1) - No 0 (2) I love the intent and I honestly stand behind creating features that would allow us to protect and improve the post integrity in the forum, but I don't think demerits is the way to go here. Bitcointalk's got its fair share of merit hoarders, trolls, and merit-hoarding trolls. Few years ago we had problems with the trust-rating being abused (during the Yobit Scam breakout) where people just threw in negative trust points to anyone regardless of if they are being very honest or what not. We don't want the same thing to happen yet again with another feature that could be abused just as much if not more here. We get heated arguments in the forum every now and again, people could easily throw in demerits against those they don't agree with to further fuck with them, regardless of how sound their arguments are during the discussion. Ergo, someone's bound to get punished for being very sensible, a direct contradiction to what we're clearly pushing for. Pretty sure the forum's moderators and Theymos have been keeping a close eye on those who are creating posts that do not contribute shit to the discussion, I say let the mods do their jobs and delay citizen justice for now until we actually find a helpful solution that would not harm people for being themselves. Demerits are a good step forward but it's not the final recipe we're looking for. |
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Pressure is something that no one would want to have at all there are some pressure that can even bring a man to see his end. So many things in this our human world can cause pressure to a man.
An example of this pressure am talking about is this our economy an economy where things rises everyday but no sufficient fund to back up with. Ok Imagine I bought a soup for 250 naira just after three days I went back to get the same soap I was told the soap is now #350 imagine me that have only 2k and have already scheduled how to spend it before I will expect something in the day coming this kind thing is another pressure I just dropped this one, there are many more bigger than this one.
How can a family man who earns 50k with 3 kids and also paying for rent feeds and many more, how can he with stand this economy pressure where there is no stability no mouthwatering salaries at all. This days we wake up and pray things should get better but it's like our country does not accept prayers everyday increments.
I mean, what is there to do really, it's not like inflation's gonna stop just because you wanted it to stop. It's not how it works. The thing is that inflation's been a massive problem, even in the past, it just so happened that there are a lot of exploitable ventures back then that they were able to maximize which lead to generational wealth. It's quite harder to accomplish the same feat now but it's not impossible, matter of fact I would say that the internet is one of the biggest things you should capitalize on if you wanted to really succeed. The secret to financial success is not really to always complain about how high prices are nowadays, and no don't get me wrong, this isn't me being elitist or whatever, matter of fact I stand by the poor who were not able to really find the money to support themselves on a daily basis, but we're not poor, we have all the tools in the world to get to where we want to be, we just need to learn the right things, and be very responsible with money. Pretty sure even your example of a family man earning 50k on a monthly basis will have just enough to get by, get savings, and still be able to take their kids to some formal education, and that is without bitcoin, imagine just how greater the implications would be if bitcoin is then incorporated into the system! |
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