When we think of inflation we usually think of how much food, electricity or gasoline costs.
But there is another aspect as well: how much it costs us to buy financial assets.
The above chart at first glance may appear to be due to the strong performance of the 500 largest U.S. companies. But this is misleading: I believe it reflects more the effects of massive printing and inflation than how companies are doing.
The charts for the stock markets of countries with high inflation are similar: the more currency printing and inflation, the more the stock market rises.
That the S&P, which has an average return of about 10% on average has risen 30% in the last year is sobering. Let's think that in November 2020 we were already out of the stock market slump that was the COVID.
At the end of the day, anyone like me who has money invested in the S&P 500 can't be too happy about the 30% return because if we discount inflation it comes to almost nothing.
I'd say it's a clear sign that governments all around the world have been buying assets and printing money like crazy. It has been going on for far too long now, pretty much since the 2008 recession and it kicked back into overdrive mode at the start of Covid. Sure, they might have averted an immediate recession but it just tends to push the problem down the road and now we're starting to see runaway inflation. It's going to hurt a lot of people when interest rate rises kick in - credit has been so cheap for so long that people won't be able to cope when their mortgages start to double or triple in cost in a few years time. It was reckless behavior by central banks and rather lazy, they tend to change their minds and adapt too slowly while claiming to be super experts. |
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There are (as of now) 14029 cryptocurrencies listed in coinmarketcap.com.
A case has been made (repeatedly) for the existence of a bubble in the cryptocurrency market.
Yeah, I understand cryptocurrencies are volatile, high risk investments. But, are you guys expecting a market crash anytime soon?
It was easy to notice that Bitcoin fell in tandem with the stock market when Covid started happening, so we should not be surprised in future if a worldwide recession caused by say - a heavily mutated version of that virus which can invade current vaccines, was able to exasperate the current stretched economic problems. I'm not sure that the sheer number of cryptocurrencies will matter all that much, because you'll tend to find the 90%+ of the money will be concentrated in say the top 100 biggest ones. All the others were likely to bust anyway, even if they never boomed in the interim. Environmental pressures on certain energy intensive cryptos and governments competing to launch their own cryptocurrencies could also make a dent in future, but it'll probably be short lived if the EU and US don't ban it. |
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I have been having misunderstanding these two popular words in gambling and I can't hide my feelings and I need help understanding these two terminologies, most of the gambling sites always announced some bonuses and sometimes their offer to give free spin or free wagering. What are their differences and how to do their work independently.
It's fairly self explanatory and I'm not sure where any misunderstanding could come into it. A casino/gambling site is a business, they are always trying to entice new customers and have many strategies to do so. Some of these might be freebie games that allow you to win money without any contribution to the site, others might be a bonus for depositing then wagering a certain amount. It is basically just an attempt to get people familiar with how the games on the gambling site work in the hope that they will 1) be forced to deposit any winnings back onto the site (may never reach withdrawal threshold) or 2) draw the player in who might become a regular depositor and build a nice return for the casino. |
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Crypto has opened up lots of self employment option to our present society ranging from investment to trading even down to staking and all this are made possible by both centralized and decentralized exchanges providing services through licensed procedure to ensure a secured transaction either through peer-to-peer or a completely centralized procedure
I was just wondering don't you think becoming a retail vendor through a well developed exchange can earn you passive income or you haven't thought in that direction. Or could there be an untold/hidden mysteries behind setting up an exchange because we still need more exchanges so we can give crypto more boost beyond government regulations
It's funny you mention investment, trading and staking as the wonderous things that Bitcoin has supposedly opened up. They are in fact a very narrow range of activities all related to financial speculation. They were also all possible before crypto came along. However the rise of platforms like Binance where anyone, even people in countries with more restrictive regulations, can trade currencies back and forth is a bonus I guess. Those activities are not actually creating anything substantial for society however, unlike say a manufacturer or house builder. To answer your question about retail vendors, of course allowing cryptocurrency as a payment could open up the possibility of new customers - they're all asking themselves whether it is worth the price of the financial infrastructure and possible legalities that come with it. |
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Managed to be very lucky at ClubRiches and got 1000 Euros. Only one problem: It is stuck behind a wager wall. They don't count wagering your bonus as wagering in total, so it is stuck here. Unless a kind person was to give me the money to claim the wager (which I doubt will happen), I guess it will be gone within a week. Godammit.  Guess the lesson I learnt is deposit bonuses are better than no deposit bonuses. Until you have wagered the required amount you don't have anything. These offers are specifically designed and engineered to make it look possible to win big amounts but they are often just traps to entice players to spend money. Now.. first off, do they expect you to wager 717 euros and then the additional 1000 euros to unlock it? Or does it just require 717 euros to be wagered? If you truly believe it is a legitimate site then there are ways to do that if you know someone with cash, where you should only lose a little bit. Find something like a soccer game where you can bet on total goals odd/even in the match, you might lose 50 euros but gain the ability to unlock it. Just make sure you're also aware of any required terms around the bet, they might require you to make extremely risky bets that would make it not worth it. Get out of the habit of thinking this is your money unless you can successfully unlock it - it does not exist to you. |
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Everybody says Bitcoin is Gold 2.0 is the new digital gold and will replace gold, an inflation hedge like Gold. Bitcoin & Gold properties are matching except for 1 thing:
- Bitcoin seen as Risk On Asset instead of Risk Off like gold, so in times of economic uncertainty Gold price soars because its risk off and in uncertain times stock market crashes & crypto crashes.
So if Bitcoin is store of value like gold and does the same as Gold then why isn't it classed as Risk Off status like Gold?
In times of economic uncertainty where risk on markets crashing everywhere Bitcoin should be the hedge king right rising up and not be correlated to risky stocks correct?
Lots of people like to make the comparisons between gold and crypto but there are real differences. If you have gold stored in a safe in your house, there's a fairly good chance you know where it is at all times. However by the very nature of crypto, there is an infinitesimal small chance that someone could gain access to your wallet through several methods, from the opposite side of the world and it could be near impossible to track them if they emptied it. Gold also has real world practical uses like serving as a great non-magnetic and conductor material for electronics, while also being sought after for it's properties in the form of jewelry - as it has for many centuries. |
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Hello,
I'm currently developing a crypto casino, I need an advice.
- What's they key features that you are looking for when joining a new Crypto casino?
- What set's you off from joining new casino?
- Main cryptocurrencies that you like to gamble with?
- Your favorite games?
Thanks!
It would actually be nice to have more ways to interact and play directly against other players instead of constantly feeding the house money. Sure the house could take a commission from each bet, but it'd be more of an original idea than all the cookie cutter casino clones out there. The main priorities for a new casino are knowing it is secure - it's holding anonymous cash that is impossible to get back, it has to be able to withstand multiple different types of attacks that are going to happen and will possibly have sensitive identity documents shared with it. Being fast and reliable are also important, there is no point having a site that cannot stay online when you want to play. |
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Most of us here are aware about the term Bitcoin but how many have told their children about the same? I have came across some threads in which members have hinted that they are setting up wallets for their kids and even kids mining some coins for huge profits at an early age.But they all have learned it through some source and it's good to teach the children about bitcoin even not too technically but some kind of methods like book reading which could benefit them more in future. I was just wandering across the twitter when i saw @realbitcoinmagzine post in which they have shared an image of children learning about the basic of Bitcoin in one of the School in Slovakia and just shared it in WO thread also and here is the reference from the same: That's really awesome  See we don't need to over burden the students and children at an early age by making them learn or forcing them to study about the technical aspects of Bitcoin but this time is best when you can grab more out of your mind and if you are aware about bitcoin at this age you could save yourself from future problems and reading about them is best.This school deserve my respect. The book they are reading is this one : It's available on Amazon easily in different formats. Slovakia is country in Central Europe and have an estimated population of 5.4 million only and it's the best tourist place for castle lovers and what is Slovakia is best known for as it has more than 180+ castles and 425 chateaux.If this small country can take this big step why can't we? We also need to educate our children and make them familiar with bitcoin but in an interesting way as many like technology these days if all not and to educate them so they know about true financial freedom.This is the change what we all were wanting and btc has come a long way to this.Happy to see this school making bolf move. Anything that can entice kids into learning about money in early education is going to be a good thing, far too often it is ignored in early education when it is most useful - any long term investor will know that compounding over many years is a very powerful force. Hopefully it breaks down the technology powering Bitcoin but also educates on how other elements of finance, otherwise it might just look a bit gimmicky and discourage the actual teaching staff. It'd be interesting to see it called cryptocurrency rather than focusing on Bitcoin, as although it is the first there are many other currencies out there worth exploring and we don't want to limit them. |
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It was all a part of cross border Gambling sindicate Where they had 12,000 gambling agents and 80,000 members all across China which goes to great lengths to show that even if the government bans such things at the end of the day people are gonna find a way and illegal activities are going to harm them more. What do you think ?. I think the Chinese authorities should change their ways for sure. https://www.google.com/amp/s/www.bbc.com/news/business-59456143.amp So one minute this person is a legitimate travel agent, booking trips for people who want to visit Macau casinos, but the next minute when the CCP decides the casino owners are getting too rich (and powerful) they become illegal gambling agents. It is a ridiculous symptom of Xi Jinping's China, they swing from one self generated crisis to another - this is probably quite a convenient distraction to go in the newspapers when the biggest property developers in China are currently collapsing. It'd be fine if it were just the odd casino taken to court, but they put the sledge hammer down on whole industries which just goes to show how politically motivated and faked the charges usually are. |
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Millions of truckers are balking at President Joe Biden’s workplace vaccine mandate, which would be catastrophic for the nation’s supply chain problem if it is enforced, an American Trucking Associations executive told House members this week.
“We’ve tried to be very clear to the administration — I understand the logic behind it — but if you do this, these are the consequences,” said ATA President Chris Spear. “So if you’re trying to solve the supply chain problem, you’re actually compounding it and actually hurting the very problem you’re trying to fix.”
ATA is the nation’s largest trucking trade group. Spear testified in front of the House Transportation and Infrastructure Committee on supply chain problems.
.... Not certain what the implications of this would be. If there are implications. I suppose it hinges upon whether truckers in 2021 are considered skilled or unskilled labor. Would a 2.5 million chunk of the workforce quitting create a vacuum which could easily be filled. The term independent contractors used to describe the trucking industry. Is often used to describe employment conditions that do not fit the label. Mixed martial artists in the UFC and pro wrestlers in WWE are both considered independent contractors. With a great deal of controversy surrounding the terminology and whether it is apt. The only thing for certain is, Elon Musk is working somewhere to build trucks with no steering wheels that are robot driven. Perhaps 2.5 million departing truckers will give Elon the vacuum he needs to push his robot truck drivers. That could rank in the top 5 of the most predictable things happening atm. As crazy as it may sound. I think being vaccinated is a good thing, but there are certain proposed regulations like this which are too silly to impose and poorly thought out. I'd say trucking should be one of the last professions to be targeted with this sort of mandate as the often work alone in already tough conditions as it is. You are forcing people who are already isolated for 99% of the time they're doing a job - sure they travel long distances and should be sensible enough to wear a mask in crowded places, but beyond that they are some of the least likely people to be spreading it. Anyone in retail or hospitality has way more interactions that could spread a virus like this far easier. |
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I am looking at the weekly releases of NEW Slot games from third party providers and I am not seeing any NEW creative and innovative Slot games being released. A lot of these games are re-hashed games from previous releases and they feature the same game dynamic with a little change on the background and the tiles. They reuse xSplits / Xways / xNudge / Gigablox / Xpanding Wilds / Megaways / Hold and Win.... etc. etc... with new themes and new graphics with every new Slot that are released... and then call it ...."Name of Slot + Extended"  Is there still any real original ideas for Slots? Can someone still develop something new and innovative and how can we (gamblers) give our inputs in the development of what we want in Slots? Can someone give us an example of a Slot that introduced something new and innovative in the game dynamics and engine lately? Please mention the game and what was new and innovative.  Slots have been around for a relatively long time now and you have to imagine that gambling institutions put a lot of money into these sort of games that drain the bank accounts of their customers. At the very heart of it however is the fact that you have one or lost before you've even clicked the button to play. For this type of game all the outcomes can be predetermined by the house depending on how many winnings they've already paid out that hour/day/week in order to help them make the profit they desire. The slots are simply a front of flashy graphics and enticing trigger sounds that are trying to build habit forming behavior so you will keep returning. The interface is the only real variation but the input from the user is all an illusion anyway. |
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We have know that China has many times expressed and effectively carried out all shorts of moves against bitcoin, but recently they have made very serious moves that not only send a message for the future but also had very real implications for stock owners.
- Serious warnings to Ali Baba owner.
- A "voluntary" donation from Tencent to the "common good of Chinese people".
- A clear warning against any entrepreneur that has "too much public success".
Could this be dampening or even killing the expected growth of the Chinese economy? Are they, after all, still communist enough?
China has always been rather unpredictable, they've been most successful when they took a relatively hands-off and capitalistic approach to the economy in the last few years. They were guiding it and tidying up regulations as problems emerged (e.g. P2P loans) rather than taking overly harsh action. Now it seems that Xi Jinping is consolidating power back to the CCP, forcing CCP party members on to the board of every company, even though they may be utterly incompetent and lacking business knowledge. He is reverting back to the awful ways of the Mao era because he wants to create a cult of personality around himself. It will be a very bad thing for the world as it continues, because he has already set himself up as dictator for life - we can only hope he has a short one and reverts back to peaceful ways. |
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Apparently now we are going to have something called a Social Gambling Platform. It have already secured a lot of funds apparently 2.6 million Euros already. The platform will have interactions not just between sports betting, money but at the same time the players would be able to challenge each other. It was based on the concept of mini leagues as formed by friends therefore this platform is just going to take those things on a bigger level. It would have real time data feeds by pickguru as well. The platform is powered by real-time data feeds which PickGuru’s leaderboards update as the game progresses. PickGuru began as a manual spreadsheet-based tipping competition that was shared with friends and colleagues during the 2020 Masters tournament. The game spread across the UK becoming a “viral sensation” that brought sports fanatics together. They said it would be fantasy sports + gaming+ live action all together. It's all set to launch the funding ground in 2020. What do you think about this idea? Would it fail? Or would it succeed?? Would you ever use it ? There is potential for this sort of site to grow in the future, what we're seeing across different states is a more lenient view towards gambling by the legislators - where they would rather tax and earn for the budget, than let places like Las Vegas, Nevada take all of the money. I'd say this supposed hype around "PickGuru" being a viral sensation is absolute rubbish that some marketing person is trying to spin in order to garner more attention, it's definitely not well known. This whole setup seems like some sort of fantasy league site and there are many of them around already, so adding a "social element" is just a way of trying to add a unique selling point onto something that already exists many times over. |
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I'm very interested if he will now focus more on Bitcoin. Perhaps making a new Bitcoin focused company, or focus on building Bitcoin more into Square.
It's good he got LN tips on Twitter before he left. But too bad he didn't get some of Twitter's balance sheet in Bitcoin before he left. I think this drops Twitter out of contention for being one of the next big public companies to start adding Bitcoin to their balance sheet.
I gotta think he made this move to focus more on Bitcoin related things.
The thing is, he is a billionaire with the resources to throw at any number of projects he chooses or he could simply retire while having more money to spend every day than most people will see in a lifetime. It's quite possible we will never hear of any future projects he starts working on, because nothing is likely to eclipse the Twitter site that he built over the years. I hope he spends his future time and money on charitable causes, he has always been a rather quiet leader compared to people like Zuckerberg or Elon. He already launched Tweet bitcoin donations if I recall correctly which will be a huge benefit to the wider Bitcoin promotion and uptake. |
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Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.
I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.
If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses
I think you have it the wrong way around. If a business is sustainable without any cryptocurrency involved then offering a new payment method is simply adding customers rather than overhauling the very foundations of their business. People who run businesses are normally entrepreneurial and will test out many different ways to make money, so they tend to be very experimental leading to more money. They'll also be more aware than the average person how difficult it can be to really make money so I doubt many will think crypto is somehow a golden goose that will instantly shower them with extra money. What I find interesting is how so many crypto buyers think they are somehow pioneers when many just jumped in when they saw the price going up and hoped to get rich off a continual rise with no wider thought process. |
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I have this weird things in my head, when i play gambling games like hacking the website and take all the bitcoin that i bet and their bitcoin they put in the website.. also every time lose i think about this kind of stuff hacking gambling websites is it possible for us? how can we manage to do it? is it really that secure?
It sounds like you should stay away from gambling because you clearly have a problem and cannot control your emotions. Frankly, anyone who asks such a question is unlikely to have the intelligence required to hack anything and you should just forget about it - these sites are withstanding such attacks every single day from people who are trying to steal Bitcoin, not just somebody with a misdirected grudge. You need to stop playing gambling games if this is how you feel afterwards and learn to accept that everything lost so far is gone forever. The very aim of using such sites is to get rich at someone elses expense, so there is little sympathy when they take your money and you need to learn the hard way that riches come with hard work & time. |
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tldr; I missed the boat in 2017 Bullrun and the subsequent crash taught me lessons that I will never forget and those lessons are deeply seared into my subconscious. This bull run I accidentally made $650k and I likely invested around $15k here and there. 1. I am 100% sure I never want to be in a position where I have to explain to myself how I was $650k up and then squandered everything. So, I cashed out with BTC at near ATH few days back. I follow the simple Grandma/Shoe shine boy as a sell signal and that's what I did. "Coinbase was also the most popular downloaded app in the United States in both 2017 and May 2021, as per Cointelegraph. Notably, both periods saw a significant cryptocurrency frenzy. The current surge in popularity of Coinbase and Crypto.com on the app correlates with euphoria in the cryptocurrency market as well." I am not super happy though. If the bull run starts in the next few weeks and then extends over to the next 2 quarters and BTC reaches an ATH of around $200k to $250k per coin, I won't be able to forgive myself. At the same time if I ride the wave all the way up and all the way down and lose 90% of the value in the bag, I won't be able to deal with that at all. I just want the bear market to be here as soon as possible so I can buy lot of cheap BTC coins and then forget about everything for the next 3 years. 2025 will be my second and final Bull slaughter. Right now 100% of the crypto I have is in stable coins. My current strategy is to wait for the bear market to arrive. The next Bitcoin halvening is early 2024. I want to start DCAing into BTC from 2023 October and slowly extend into ETH in 2024. From the exact date of halvening I will convert my BTC into Altcoins and invest in every new coins that gets listed in Binance that year and other famous exchanges. I will also reserve 10% of the crypto for the fad of the summer i.e Similar to Defi, NFT, ICOs. This should net me 15x to 20x if I get lucky. So that's 15 x 650k = $10 Million and that should hopefully set me up for life. The most rational course of action I can take now is just wait however long it takes for the bear market to arrive i.e gritting my teeth through the Bull run. Some times I feel.. why should I do this? If I play my cards right.. I might 10x during this bull run and turn $650k into $7 M .. this way I can end the whole thing in the next 4 to 6 months. $7 Million is a lot of money. But my gut tells me I can only 2x or 3x atmost and while 3xing my NW, I will slip into the bear territory and lose 90% of everything I have. The other thing is I want to create 50 different wallets and store $13k in them so I won't FOMO in and lose a lot impulsively. It will force me to DCA. I might just lock up $600k in cold wallet and then play with $50k that way I won't feel left out of the action. What do you guys think about my strategy?  You're just pulling random figures out of the air and hoping someone will agree with you, this thread should really be in the speculation section of the forum. Nobody can tell you the future price of Bitcoin, if it started getting banned throughout Europe for some perceived environmental issues (e.g. wasteful power usage) then the price would be very vulnerable to collapse. I remember that there was a tweet in the last year where someone claimed that US regulators were going to crack down on Bitcoin and the price plummeted simply on that rumor alone. If you really want to be stable in life and have accrued a bit pot of cash then you need to diversify a decent chunk of your money outside crypto altogether, that's what any true financial advisor should be telling you. |
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There have been so many accusations and counter-accusations on the subject matter of fraud so many players have come out with evidence of scams against some sites while the operator of those sites come up with counter-accusations that players violated their T&C.
I think it will be proper if an online accredited court is set up to judge such cases, rather than leaving them uncensored.
A court is a legal mechanism set up that can enforce laws within a certain jurisdiction. As there are over 250 countries around the world with different laws, what you are suggesting is almost impossible to govern and agreement will never be reached in the way that you want. It might be illegal to play the lottery in one country, but is completely acceptable in many others, if a player from a country where it was illegal felt someone was wrong with the lottery then how would they dispute it? They weren't even meant to be playing in the first place. There are so many legal mismatches and complications that it is completely unrealistic, besides that it would in most cases be a complete waste of money - the figures in dispute are often at such a low amount it would not be worth the resources to pursue a case. Any people who are disputing large amounts are able to do it between countries, it just costs them a lot of money to do so and is also probably not worth it. |
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There is an amazing article that was recently published by news network - The Hindu. They have explained some good points on how bitcoin is taking off in Indian economy and in the hearts of Indian peeps.
The very first thing the price that’s increasing all the time. Every year we have seen huge up surge in the bitcoin prices.
However, there is always little higher price difference in USD and INR. Even I have observed that for all the coins including bitcoin the price is little higher as compared to USD-INR-Fiat pair.
Second largest point is regulatory stuff.
Until 2019-2020, RBI which is Reserve Bank of India had ban all the crypto related transactions. This led to stiff drop in crypto users for temporary period since mega exchange like Zebpay, WazirX and others started facing issues with banking partners.
However, soon in the 2021 bill Supreme Court of India passed the judgement that RBI should not be banning such transactions which can contribute to the Indian economics.
Well well well, when it’s regulations no one can go against it. When highest court is from your side then it’s just most amusing thing for India.
Good Facts from Articles:
1) There are 100 million plus bitcoin holders in the India.
2) India is now of the largest bitcoin holder by its number of users and value.
3) India is witnessing largest growing exchangers and wallets. Viz., WazirX, CoinSwitch Kuber, CoinDCX, Zebpay and BuyUCoin.
4) CoinDCX alone has crossed $1 billion milestone.
5) Bollywood stars like Amitabh Bacchan, Salman Khan are set to create NFT based digital autographs to sell and they will be the first one to do.
And many more amazing facts about India and it’s growing relationship with the crypto currencies.
I believe that suddenly India will be one of the top 2nd or 3rd country to trade, mine, exchange the crypto currencies and specifically Bitcoin.
This looks like a facepalm considering the events of the last few weeks and how the Indian government is currently debating banning all except government issued cryptocurrencies soon. You're right that India does have some of the biggest potential, as one of the highest population and reasonably democratic countries. They shouldn't really ban crypto, but work to educate people about how it can be abused in order to facilitate scams just like a bank would want to teach it's customers how not to throw away their money. A healthy country would have no problem putting their government backed crypto up against any transparent and open market crypto if it was really that confident in it. |
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Merchants don't adopt Bitcoin because their clients don't use it. Clients don't adopt it because merchants don't support it, and people want to have a payment method that can be used anywhere they go. How can this vicious circle be broken? Who will make the first move?
And by adopt I mean adopt for payments, not hodl it as an investment.
That's not really the paradox behind Bitcoin and doesn't get to the root cause of the problem. The real paradox is - as Bitcoin is adopted by more people, the transaction fees goes up and the network takes longer to process the increased levels of transactions while also burning a lot more electricity than comparative payment networks. If Bitcoin was much cheaper and as instantaneous as existing card networks, this wouldn't even be a discussion - people would have naturally moved over and Merchant adoption would be much more widespread, however the claimed benefits are simply not there. I find that Bitcoin is very good for one thing - moving reasonably large amounts across borders, it simply is not fit in the current form to handle the degree of small scale transactions that take place each day. |
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