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301  Economy / Economics / Re: China's economy is very sick. What to prepare for? on: January 30, 2024, 11:34:00 AM
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The question is: since the situation with the Chinese economy is no longer manageable, and we have to take tough and prompt actions to save the economy - how do you think this will affect the global economy, the crypto market, and what to prepare for?

Why do you think that the situation with the Chinese economy is no longer manageable? I think that the situation is manageable and China still has a decent amount of assets and currency reserves, which can be used to cover some loses and to pump the economy.
A crash in China will negatively affect the global economic growth, but everyone was expecting a global recession in the last two or three years. Why would anyone be surprised by a global recession right now? We've been talking about a global recession ever since the pandemic(and the war in Ukraine). The people and the companies should be prepared for bad news and economic turbulence.
The influence of China over the cryptocurrency markets had dropped severely in the past several years, but a worldwide recession will affect all financial markets negatively(the crypto markets are no exception).
302  Economy / Gambling / Re: My betting strategies on: January 30, 2024, 07:55:25 AM
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1. Club position: most times the position of a club matters a lot because it tells you whether a club is striving to top the table or whether they are striving to leave relegation zone.

2. Point: This is another strategy i use while betting because it also tells you whether a club can or will loss a match or not,  sometimes a club can be topping a league with 8 -10 point difference and because of this point difference they can decide to play anyhow they want better still reserve players for more important match because whether they loss or win they are still topping the league.
However, a club that has this point difference,  let say they are  expecting a champions league quarter or semi finals, it is very possible that they can loss or draw their league by reserving  players for the upcoming champions league.

3. Head to head: a club head to head (history)  is very important because sometimes it could be that the people topping the league always loss or draw with the people fighting to go out of relegation.  No matter how form the people topping the league is the possibility or chance of losing the match is 80% because of their history that's why sometimes you see a big club always losing to a small club.
 These are mine strategies and there are some i can't remember for now, try this and thank me later.

Those three "strategies" cannot help me to predict the outcome of any football game.
Sometimes, a club that has several good games and wins makes a weak game and loses. Sometimes a club that is struggling at the bottom can make a great game against a club that is at the top of the current ranking. You can't predict such games by watching the club positions and the points difference between two clubs.
Your "head to head" theory doesn't work because I don't know about any big clubs that are "always losing" to small clubs. The opposite is way more common. I see small clubs "always losing" to big clubs all the time.
Anyway, what's your betting success ratio by applying your so called "betting strategies"?
303  Bitcoin / Bitcoin Discussion / Re: Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you on: January 30, 2024, 07:27:05 AM
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Don't try to find All time high, you can not predict it correctly and you will only know ATH of a cycle after you are already in a bear market.
Don't time the market. Let's the market runs and try to exit with market cycle length, that you can base on Bitcoin history.
Each cycle is unique and it can be longer or shorter than previous cycles but if you make your strategy on average cycle length, you will not take profit too far from the ATH & more important you will be able to avoid stuck too deep in a bear market.
If you don't want to exit the market by taking profit with all bitcoins you have, do DCA for profit taking, withdrawal like this strategy.

Let's not try to overcomplicate things, when everything is actually really simple. Just have patience and HODL. That's pretty much it.
There will be price drops before the big bull run. Don't panic and never sell during a price drop. The market will start going up sooner or later.
My plan is to wait until the BTC price hits 2x of the current levels and I will start selling parts of my BTC wealth. If the future Bitcoin ATH is 3x of the current price that would be great, but I don't think that Bitcoin is capable of reaching a 120K USD price.
By the way, this topic belongs to the Trading Discussion forum(or maybe the Speculation forum).
304  Economy / Economics / Re: The world's logic favours income makers, not the savers on: January 29, 2024, 12:28:23 PM
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Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

If there was a zero risk investment opportunity offering guaranteed returns above the inflation rate, everyone around the world would put his hard earned money in such investment opportunity and life would be perfect. Unfortunately, there's no such opportunity. There are always high risk-high reward and low risk-low reward opportunities. The second option sometimes provides rewards below the inflation levels, which makes conservative investing a little bit pointless.
I agree that the low/negative interest rates offered by the banks and the high levels of inflation are in favor of the borrowers, not the savers.
There's nothing we can do about this and I don't think that Bitcoin/crypto are the financial panacea to this rigged system.
305  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: January 29, 2024, 08:36:12 AM
I don't know what happened with Barcelona's defensive play. In the previous season, the strong defense is what secured the Championship title for Barcelona. This season, Barcelona's defensive play is a joke. Getting 5 goals from Villareal is just too much. It's obvious that Barcelona needs a new coach, but I don't know about any good candidates being available right now. Klopp probably wouldn't want to join Barcelona in the summer. The new Barcelona coach must continue with the attacking style and philosophy of this club, so Jose Mourinho definitely doesn't fit in this category. Maybe Barcelona will enter a new era of mediocrity and weak results, in addition to the big debt and financial difficulties.
306  Bitcoin / Bitcoin Discussion / Re: Why Do People Steal Hundreds of Millions in BTC And Still Get Caught? on: January 29, 2024, 07:01:59 AM
Do you wonder why the biggest crypto thieves still get caught, with all that money? Imagine having just $200,000. What all that money could do for you? As a thief, you could even disapper, but you can't. You know why? There are few hiding places on earth for fugitives these days. And when you've got lots of money, those few hiding places practically make your money useless. Even Crypto Queen may not have disappeared as we presumed. How about CAR? Easter Island? Somalia? Siberia? In any case, never believe that you could steal from people and get away to enjoy the loot happily ever after. This is what these duo never reckoned with. And I think there are many like them who wouldn't mind doing anything just for money.
https://coinmarketcap.com/community/articles/65b41174f00d2a6f4b9880b8/

The biggest crypto thieves aren't the ones who hack some crypto exchange and steal the coins. The biggest crypto thieves are the ones, who are running a "legitimate" business and find "legitimate" ways to scam their customers. There's no need for anyone to try to hide in "CAR, Easter Island, Somalia or Siberia" if he has enough money(who on earth would try to hide in Somalia? Grin). Having lots of money is more than enough for anyone to get good lawyers and try to trick the judicial system. Scammers like Sam Bankman-Fried were too dumb and they lost control over their scams. I think that many crypto whales have been scamming in the past, but most of them got away with no penalties at all.
307  Economy / Economics / Re: China’s Debt-to-GDP Ratio Rises a Record of 286.1% on: January 28, 2024, 11:04:01 AM
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I'm pretty sure that some even after readying the title are already typing something about the US debt so keep the shitty low effort propaganda whataboutism out of this:

Talking about the US debt isn't "low effort propaganda". The USA and China have the same problems, when it comes to big government debt. Other countries like Japan and the UK also have ridiculous levels of government debt. At this point, the global economy might be heading to a "who will stop paying it's debts first" race. The anti-west propaganda is praising China for it's high economic growth and big technological progress. The anti-west people are ignoring the fact that the Chinese economy is built upon the same real estate bubble as the US economy. Every capitalist economy is building a financial/real estate bubble more or less. The capitalist economy of communist China is no exception of this rule.
308  Economy / Gambling discussion / Re: The "loaded slots" scam on: January 28, 2024, 07:39:15 AM
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But surprisingly it's made a resurgence.
There's scammy ads and promotions all around. Someone claiming that if you pay them x amount of money, they'll give you some very secretive sets of information about what slot games to play and when, in order to get surewins.

It's important to emphasize that this is an outright scam. Slot machines, especially virtual ones, are based on chance alone.
So the term "loaded slot machine" does not apply at all. If you have ever seen someone believing in this myth, do your best to dispel it.
If we're going to gamble, at least we should be educated about it and do it in a healthy manner, without falling into the trap of fallacies.

I've never seen such ads. Where did you see ads about this scam? I don't think that gambling ads are allowed on most social media platforms.
Are you sure that virtual slots games are based on chance alone? I've always been suspicious about slots/dice/crash games being totally fair.
Such stupid scams will exist forever. There are people, who claim that if you pay them X amount of money, they will cast a spell on you, so that you could magically gain luck and start winning at gambling games. Dumb scams will keep existing as long as there are dumb people, who are falling into such scams.
309  Bitcoin / Bitcoin Discussion / Re: How would the bitcoin price behave during a monetary collapse? on: January 28, 2024, 06:55:13 AM
With inflation and global debt skyrocketing, we must prepare for the day that the monetary system fails. It is basically a mathematical certainty that it will.

In 2008 we were much closer to bank failure than people realise. Jim Rickards, one of the USA's leading economists and financial advisor of the Pentagon, negotiated the bail out with the federal reserve in person. They were 2 hours away from closing every bank in the USA.

We're now more than a decade later, and the national debt has tripled. Most experts I know, say that a new 2008 is happening within 5 years and this time there can be no bail out. The monetary system will go dark. Banks closed, funds lost, and people losing everything.

Imagine that during a financial meltdown there is a cascade of banks failing and closing. What would happen to the bitcoin price?
Would it rise because of hyperinflation or would it crash because there is no liquidity to enter the markets?


The fiat monetary system won't "fail" in terms of banks closing down and the people losing their savings.
The real "failure" will be the further devaluation of the US dollar. The Federal Reserve will keep printing money in order to support the commercial banks and to cover the US federal deficit, so the value of the US dollar will keep going down. Less and less countries will use US dollars for international transactions and the USD will soon turn into the equivalent of toilet paper.
Bitcoin is scarce, which means it's deflationary, which means that the people will view it the same way as they view gold. Gold prices kept going up during the last 50 years mostly because the US dollar is losing value. The BTC price is supposed to increase as well.
310  Economy / Gambling discussion / Re: What You will do in this situation? on: January 26, 2024, 06:37:25 AM
Why do you think that he doesn't know anything about sports betting? There's no need for you to "introduce" him to sports betting.
The guy probably likes the low IQ gambling games like slots. That's just a personal preference. Some gamblers like playing slots, while others hate slots. Some gamblers like betting on sports, while others hate sports betting. If I was on your place, I would just mind my own business and let him play whatever gambling game he wants. Giving gambling advice to someone else is a bad move, because he might blame you for losing a big amount of money on sports betting.
311  Economy / Economics / Re: A person that is against the creation of CBDC. on: January 25, 2024, 11:26:32 AM
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But do you think this is a smart move of him or you still prefer the use of digital dollar?
Do you agree with him to not allow the creation of CBDC or you just don't care about this?
I know that it is non of my business but I just want to know, is there really a need to create CBDC?

1.Trump is a well known liar. I don't believe that he will keep all his promises, if he becomes president of the USA for the second time.
2.The US president doesn't have control over the Federal Reserve. The US Congress and Senate have control over the Federal Reserve and I'm not sure that the Republicans will get a majority in both the Congress and the Senate. Many Republicans don't share the same views as Donald Trump.
There's nothing we can do in order to stop the creation of CBDCs. The only thing we can do is to stick with Bitcoin and some of the altcoins.
312  Economy / Gambling discussion / Re: Can a social or casual good guesser make better gambling prediction carrier? on: January 25, 2024, 08:02:02 AM
Perhaps this "professional guesser" already knew the answers of those questions, by talking with his colleagues about those subjects in the past. Grin Or maybe he was just lucky. Luck comes and goes. You can't be lucky 24/7 during the entire year. Maybe this guy can read people's minds. Can he predict the future? Maybe he could make more money as a fortune teller, instead of betting money on gambling. Why doesn't he try his luck in a casino(or at sports betting) and see where he goes?
Sometimes can I guess correctly one or two numbers of the lottery, but that doesn't mean that I will win the jackpot. Grin
313  Bitcoin / Bitcoin Discussion / Re: If satoshi shows he has still controll of all of his coins what would happen ? on: January 25, 2024, 07:19:16 AM
Lets assume that by mistake satoshi moves his coins. What would happen to bitcoin?

Moving his coins "by mistake"? What does that mean? Do you move your own coins "by mistake"? Grin
Why didn't Satoshi move his coins back in 2021-2022, when the BTC price was around 59K? Does he even care about making money out of Bitcoin? Is he even alive? So many questions and no answers. The discussion about "what would happen, if Satoshi appears out of nowhere?" is pretty much pointless at this point, but random forum members keep asking the same question over and over again.
Even if Satoshi sells his one million coins, the Bitcoin market will head back to a bull run after several years of increased BTC supply.
314  Economy / Economics / Re: Is the export of goods related to manufacturing capabilities or resources? on: January 24, 2024, 11:20:50 AM
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150 years of exporting between countries began in 1870, when the beginnings of exporting from the United Kingdom began in the 1800s, and from that time countries such as the United Kingdom, the United States, Germany, China, and Japan topped the lists of exporting countries. Is export capacity related to manufacturing capabilities or to resources available in those countries?

What natural resources does Japan have? The only resource Japan has is a hard working and well educated working class.
The United Kingdom also doesn't have many natural resources, but it exploited the natural resources of many colonies around the world.
The USA and China have lots of natural resources in their lands, but they also have to import lots of resources.
In summary, the export capability is determined by manufacturing efficiency and the access to cheap resources(labor can be also viewed as a resource).
315  Economy / Gambling discussion / Re: Alter Ego In Gambling on: January 24, 2024, 07:34:59 AM
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I just discovered a friend's personality, who in real life is very thrift and very conservative but once he played online in casinos he became very reckless and loved to play the risks because for him when it comes to gambling if you cannot take a risk you don't have a chance to win big, that's a big contrast from his real personality for him he has alter ego when it comes to gambling, so his outlook and decision is very much different when playing.

How about you Are you gambling in a way that is very different from your true personality,

Is there any study, which proves that your personality has something to do with your style of gambling? I don't know about such study.
Maybe you don't really know your friend. I don't think that somebody can be a huge risk taker in gambling and very cautious and conservative in his normal life. Maybe your friend is at the early stages of developing a gambling addiction. You should talk to him about this.
I'm conservative in life, but I'm also conservative in gambling. I don't like taking huge risks in both life and gambling. I like to be predictable and stable.
316  Bitcoin / Bitcoin Discussion / Re: Gaurd yourself this year against crypto scams on: January 24, 2024, 06:48:38 AM
1.There's nothing wrong with the "Get rich" mentality. Most of the people have such mentality, and this is what motivates them to invest in Bitcoin/crypto. The problem is the "get rich quick" mentality and the belief and you will make absurd amounts of money by investing in projects that sound too good to be true.
2. 99,9% of the crypto influencers are clowns anyway. If you make financial decisions because some crypto "guru" on TikTok or IG told you that X shitcoin is going to hit the moon, then you deserve your faith.
3.Investing in BTC only is way too conservative. I don't mind investing in the Top 10 altcoins. Investing in shitcoins and shit-tokens is a big mistake.
317  Economy / Economics / Re: The 150 year old maths and logic theory on the best period to make money: on: January 23, 2024, 11:20:02 AM
Do you really believe that the guy, who created this "infograph" 150 years ago can successfully predict what will happen to the global economy in 2035 or 2053? Even "math and logic" can't predict everything. All this sounds like nonsense to me. This guy tried to prove by using math and logic, that the stock markets are cyclic. 150 years ago, the Federal Reserve didn't exist. Nowadays, the Federal Reserve has a major influence over all financial markets. Did this guy predict the creation of the Federal Reserve?
What mathematical equations did he use, in order to prove his theory? I'm not a math guy, so I can't tell whether his theory is legit or a total BS. It seems more like BS to me.
318  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: January 23, 2024, 07:36:23 AM
Real Madrid players were tired for the game against Almeria. Maybe that's why they had such difficulties at winning the game. The referee and VAR were heavily criticized for helping Real Madrid and I can definitely understand the haters.
Barcelona finally started scoring more goals, but Betis performed bad in defense. I don't think that Ferran Torres would be able to score three goals against a stronger opponent. Joao Felix is becoming a key player for Barcelona and I guess that his loan deal will turn into a full contract.
Girona completely destroyed Sevilla and it would be really nice if Girona wins this season of La Liga. Sevilla is in a deep crisis and they might be struggling to keep their place in La Liga.
319  Bitcoin / Bitcoin Discussion / Re: Buying houses with BTC on: January 23, 2024, 07:09:39 AM
I have recently watched a video where the guy says that it is safer to buy a house with BTC (and other cryptocurrencies) than buying through one real estate agent. If I remember correctly, he says that it can be proven through a NFT.

That sounds cool, but what about all the regulations and laws of the government? I mean, won't they charge their share? Won't it be possible to get a fine for using crypto instead of FIAT?

I know there are already countries that are "crypto-friendly", but it seems to be interesting to prove your house purchase through an NFT.

Any link to the video?
The idea that buying a house with BTC is safer seems like BS to me. Are fiat transactions unsafe or something?
What can be proven via NFT? The act of purchasing property and paying via BTC? Is this a joke? The purchase can be proven via a property certificate. NFTs aren't accepted by any government around the world as a proof of a real estate purchase. The guy you have watched is talking nothing but BS. Real estate agents cannot be replaced by crypto or a blockchain technology.
I don't know about getting a fine for using crypto instead of fiat. Some countries might allow crypto payments for real estate, while others wouldn't allow it.
320  Economy / Gambling / Re: Why they need a license if bitcon is not money? on: January 22, 2024, 11:28:57 AM
It's fun guys, govs hardly avoid accepting Bitcoin is money, but when it comes to gambling then users are risking money, so, casinos need a license.

Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...

Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?

Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else.  And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.

I agree that Curacao gambling licenses are useless. Having a useless gambling license creates the fake sense of legitimacy, but the casino can still find ways to scam the gamblers.
Decentralized gambling should become the future. Betting directly from your cold wallet and receiving the profits directly to your cold wallet (minus a certain fee)should become the new normal. If decentralized gambling becomes a thing, why the hell would you trust a third party, by depositing your precious coins there and conducting useless KYC.
The problem is that nobody wants to invest in truly decentralized gambling projects.
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