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3041  Economy / Speculation / Re: A crash where Bitcoin wasn't responsible should be treated as such on: May 16, 2022, 03:13:33 AM
The news follows the price action but theres always some story of some kind, I find the graphs precede apparent negatives also and can give a clue of positives in the midst of gloom though its often faint.    Its pretty much correct all the negatives in other blockchains which have no direct link somehow end up reflecting badly.  Some blockchains are horribly biased like a central bank currency, they dont deserve to be called crypto even the rough technology association is enough.
    There is at least 3 different time frames to consider, short medium and long term and in the end an unstable coin shouldnt lastly alter long term dynamics of BTC
3042  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: May 15, 2022, 07:19:36 PM

Always take a wild bet if its good odds is something I would normally stick to but I saw Nip losing 1st map and also the start of the 2nd map first 5 or so rounds and left it.  They've come back won that 2nd map 14-16 and are again struggling on the 3rd but if I had taken 11x odds for Nip to win (people just run away cash out and odds get extreme) I could have cashed out even now while they struggle and made some easy money on a recovery.   Have to live and learn on that one for future games.   Navi do take the series most likely but they arent quite as flawless as last major and I already knew that, devils in the detail :p
3043  Economy / Economics / Re: Taking loan during high inflation? on: May 14, 2022, 11:55:59 PM
Taking the loan as a minor cost is effective, liquidity is key I agree.  It becomes dangerous when you cannot service the loan for various reasons, inflation does lead to economic loss and industry contraction and failure.
      A quick take on why this is quite certain is perhaps consider 'Just in time' that idea of order flow and parts provided perfectly and it allows lower cost production.  Now also consider unstable currency, without the ability to fix value and cost known of parts this perfect balance breaks down and production becomes impaired slightly.   Across entire countries inflation can destroy business and unemployment can easily rise beyond expectations.

Quote
He believes when the inflation rate rises that's profitable to take a loan even with high interest to buy other assets such as gold, bitcoin, and even real estate.
Real estate is the most genuine reason to borrow, if its the primary residence and its used everyday its not so great a risk as you now have no rental costs.  Its a justified cost to the loan at that point, to speculate on gold is far more risky to do as the market price is not always clear.    Commodities at any time can half in price this is their true nature and volatility and even Gold can do this though its stable over decades and centuries most of us cant wait this long to get the money back.
   Most would lack utility to borrowing and incurring costs to own Gold, unless you can shape the gold to make rings perhaps most wont.   Im not against gold at all, it will likely rise but it has no yield just holding this elemental rock in fact there is some cost of insurance maybe.   The ideal to me is to fix your interest rate cost to the loan, then if economic factors alter and rates rise you will remain intact in your original calculations.    I tried to tell my friend this, fix your mortgage rate cost so you know the future but most wont accept advice like that and its a personal matter; its never simple unfortunately but I agree with the premise OP Smiley
3044  Other / Politics & Society / Re: Why Russia isn't using it's full force in Ukraine ? tactically .. on: May 14, 2022, 11:48:11 PM
You might be right on firepower of a large nation like Russia but to guess their tactics is probably giving too much credit.   They pulled back because of so many losses while counting any success, war is ultimately destructive and a horrible loss for both sides this is always true.
  They destroyed buildings and its a civilian city, I think their fight is not well chosen or directed for winning anything tactically in effective advancement of the war or possession of this country; I would not want to advise them on any better course of action as the whole endeavor is an appalling waste of time and life for those paying the cost.
3045  Economy / Speculation / Re: Panic People Are Selling BTC And Buying inflationary Fiat For Safety But They on: May 14, 2022, 11:44:55 PM
There is such a thing as complacency, I dont count this as a full test just yet.   Many expected BTC to fall back to 20k previously and so it too might happen now.   If we spent the rest of this year just gradually declining and wearing peoples resolve down month by month that would match my prior experience of how hard BTC can be on anyone previously bullish.  That might happen, I cant really exclude its possibility when we have wars and trade wars and other break downs to deal with, pandemic virus destroying commerce and overall indebted countries all sorts of negatives.  BTC is really a long term trend, it varies alot and we can fall further imo but its not negative always, I wait for us to break upwards also Smiley
3046  Economy / Speculation / Re: Best time for me to buy on: May 14, 2022, 11:20:55 PM
Buy more then once, it stops you overthinking things as it is impossible to truely know the market movements in future for sure.   Main thing is the price is not the determiner of success, there are far more important things then the exchanges flipping back and forth like a pinball machine its just a game to them.  Half of the price movements are just traders who give not a dam what happens to Bitcoin and many traders at their desk on leverage with a list of symbols dont actually use the coin outside of guessing the price; these people dont matter the actual users and operators of Bitcoin blockchain do matter.
 The more users of BTC the better off each year thats true, if you could mute price and only trade on the user base you would be less blinded by external nonsense and in the end better off also.
3047  Economy / Gambling discussion / Re: Gambler turns 60 pence bet into £157,865.59 on: May 14, 2022, 10:41:00 PM
The real problem with fixing was spot bets where its just a case of how many special events occur in a certain half of the game.   That tempts the players to go out of their way to make the bet win and a cartel can hand them five or six rewards for doing that.   To have the overall game decided by betting is usually not the case imo
3048  Economy / Gambling discussion / Re: Ever thought of doing your thesis on Gambling ? on: May 14, 2022, 09:14:42 PM
The theory of probability is a valid study dating back hundreds of years.   Its a totally valid part of modern maths so I dont find their research award too controversial.  Gambling is a normal activity not just for sport or fun but every industry has unknown risk factors they must address to improve known outcomes.      Its more incorrect to define the wider world as known and certain.
3049  Economy / Speculation / Re: Panic People Are Selling BTC And Buying inflationary Fiat For Safety But They on: May 14, 2022, 08:42:44 PM
Human nature is incredibly predictable and repetitious in that way.    Its why I wonder if we can go back to the 2019 peak perhaps as an overshoot of the 200 week average.   In theory it shouldn't happen and its kinda silly but also people act like they must obey the market price and direction as if its flawless and perfectly correct.
   If we can make incorrect price action on the way up, bubbly or however you label BTC at times; shouldnt people also consider we do exactly the same on the way down and price sales become erratic and overdone.
3050  Economy / Gambling discussion / Re: Mind Over Matter In Gambling Using Pendulum on: May 14, 2022, 03:54:01 PM
You can be your own worst enemy when it comes to gambling quite easily.   On that basis some system like this could show positive results short term but also just keeping some rules to your gambling patterns and perhaps mark down a bet in a book, just writing things down is a kind of system.  I know people who track every sports bet they consider, not even just the ones they actually bet on and in this way their choices are more considered and in time successful.
3051  Economy / Gambling discussion / Re: ESports betting -CS:GO, DOTA 2, LOL, Valorant - Sportsbet.io discussion thread on: May 13, 2022, 11:43:03 PM
Cloud9 is the former number 1 ranked team in the world for csgo so they should be doing well.  Maybe the org change threw people off and also they do have alot more competition now in a proper tournament set of games.   Bo1 is higher risk, luck of the draw to a larger extent then a full size series.   In theory these teams prepare to surprise and overwhelm a team on maps with strats crafted to take advantage of known plays by their opposition, its where CS is more then just plain fps but apart from Fallen being a good IGL Im not sure specially aware this time which team will utilize this.

I bet Faze over Ence and Vitality over Nip as a multi, seemed like pretty likely outcome to me though I'm lacking in my watching of these teams lately. Faze is doing far better then maybe ever before.

I put down a 37x multi bet Cheesy   just because who knows, 4 underdogs all win.  I dont think I win  I got doubts on all of them, Spirit for example but also I think I could so  I'll put something low on it:p
3052  Economy / Gambling discussion / Re: Is fortunejack.com a Scam or are they Legit? on: May 13, 2022, 08:53:35 PM
They are legit ok, kept my balance safe for years.  I actually forgot about it somehow and came back multiple years later and it was not touched.   Was enough for a new pc setup which was required, cant complain when my bad memory is fortuitous.  Not every site has been solid over the years so Im obliged to mention they wont cause a problem for any normal user to the best of my knowledge.
3053  Economy / Speculation / Re: $28,000 Bitcoin price. How explain falling price to worried newbies ? on: May 13, 2022, 05:48:48 PM
Prices arent always absolutely accurate is the best way to explain it.  The market has the job of serving everyone always everyday non stop and if sellers want to pile into the price when not many buyers are awake then we will move down in order to provide the utility of cash always available.    The instant cash exchange to any currency doesnt mean you always will get the best or even correct value.
   I see various adverts for crypto around the world and in remote parts you will pay far more then headline because you are being given convenience, delivery, service at your choosing often with small amounts.  There is no one united price in reality, it varies by situation and volume, liquidity in that location etc.
   Dollar has a higher rating right now in a war and threat of greater war, its not too surprising we come under pressure as BTC is with no government.   It has its own advantages but how people view each currency will vary, right now BTC isnt as highly valued as alternatives but its the same unit it was the year before and will be next year also.  The dollar for example should dated by the year because its constantly changing, every year they issue giant amounts more with no fixed schedule but it does also have an army backing it so I understand its in demand now.
  BTC is surprisingly long term, thats the thing we lose looking at prices updating by the minute.
3054  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: May 13, 2022, 05:31:40 PM
So you bet twice on the same coin ? Now that's a different strategy. Why not place the bet in the last week itself ?

Because of the time bonus its worth taking a first guess quite early on.   Classic example would be guessing we will be drawn towards a big moving average like the 200 day.   Not this month for that but I would layer the bets, do one on the last day possibly but also sometimes I win a bet and it wasnt the greatest odds to pay in the end but I guessed early so that made it worthwhile to do.    I usually bet a range of prices because its easy for it to cross the line at the last moment either way.
  Negative momentum below 32k despite the blip up its more short term relief then proven till we out run the prior selling I think.   So still aiming negatively for month end.  I might wait till Monday mid day to place or add a bet on price, get the weekly closing price that way etc.
3055  Economy / Speculation / Re: Bitcoin Price Potential to Drop in the $32k Area on: May 12, 2022, 11:57:48 PM
I would say the proper fix to current decline will be proven in stages.     The ideal standard would really be to trade above the 50 day average alongside any other judgements to price level and volume occurring vs the inevitable profit takers along the way.
  30k is not enough, to me thats just the underneath of the ice and I would still apprehensive of futher trouble.   If you fall through the ice, how hard is it to get back out that would be the action and energy required to recover I think it wont exactly be easy to do so and typically after a low BTC needs to catch its breath a while imo.

This is quite a severe decline for whatever reason, a big test to pass
3056  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: May 12, 2022, 11:45:14 PM
I agree with the above, the first 3 tiers of premium benefits are really cheap and you have gained from the year hold perhaps so I would not choose to go back to square one by speculating not when its quite hard to do so effectively.  It does also rely on if you do benefit or not but most generous vs cost to acquire is the first few tiers so even a speculator could leave those on.

Current price of FUN is 31 Sats which is not bad since we saw it dip below 25 Sats recently.
I accidentally doubled my hold at 25 sats.   Wasnt actually meant and I could reverse but just figured it was fate perhaps and left it.   Unless I was going back to dollars I dont see it was bad choice and to me 2022 is an accumulate year and the ideal is to enter with a price thats lower so do I care if crypto has grey clouds overhead right now not really.    Usual movement of prices is like a staircase, jagged but with an underlying bias and with BTC itself being cheaper its a sale for this token in effect.   
3057  Economy / Speculation / Re: Bitcoin may likely pull back to 35k on: May 12, 2022, 11:01:02 PM
There are a lot of people who invest into crypto with the money they may need to survive and live.

I'd say thats bad but its probably the vast majority of people on the long time scale.  If an economy contracts over a couple years and unemployment goes to 10% then you might as well say its everybody.  Hence this is the force which drives prices down so much, a bias to productive assets becomes far more pronounced in such times.   This is why we get the sharp turn around, BTC generally doesnt give enough yield back to (most) people to be called high utility or an investment, most dont label it correctly as a commodity speculative bet basically.
  If they label right then risk might also be allocated correctly too and they wont dive into something they need to jump out of just as fast, unfortunately we get people doing the same every time.    Thats negative for them but also why I dont take price as a dictator to my judgement of prospects long term, price gets thrown about by desperate people who got no choice but to retract their remaining capital at a loss but it doesnt mean the actual asset itself is wrong or impaired by their loss.
  Its possible we could view 35k as a median and this current action as the overshoot, its given no hint of that but seems a reasonable view.  I always expect price to return to the 200 day average, I expect that now; doesnt mean 2022 ends nicely because 200DMA is in decline but generally we go too far in both directions and we'll adjust that effect at times.
3058  Economy / Gambling discussion / Re: PROS AND CONS OF CRRYPTOGAMBLING. on: May 12, 2022, 09:00:29 PM
I always thought one of the advantages of crypto is its virtual status, at one time it was purely a token not currency you have to worry about or reallocate towards bills because most places still arent taking it directly.  So in crypto I can gamble this token and its purely for that divided from conventional job earnings and separate is safer.   It is best to move back and forth between crypto and cash too much I think as it only creates possible issues.   Generally there has been growth over the years so its best to stay in this economic system anyway.
3059  Economy / Economics / Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ on: May 12, 2022, 06:15:13 AM
Michael Saylor said on Twitter he can cover loans down to a BTC price of 3000 dollars or so which is a proper melt down; saw it reported on CNBC.  I thought I was being specially negative just throwing out the 2019 high as a sharp harsh figure.   At present BTC is quite close to the 200 week average which generally has marked the extremities to the volatile pricing which is BTC.
   Never say never but would be nice if MSTR was that much of a bargain.   Market cap is shares and I dont know the figures but enterprise value would include the wider valuation amount for a company https://www.investopedia.com/terms/e/enterprisevalue.asp  I should look on Seeking Alpha if anyone looked at this.
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Short Interest
23.19%
Thats pretty big, people are using this share to bet or hedge I think
3060  Economy / Speculation / Re: Ozymandias on: May 12, 2022, 05:34:02 AM
Not a black swan, more like Murphy's Law where the nature of the market is to test everything to destruction something I would guess Satoshi kept in mind.
   Thats a heck of a drop, seems to be a bit of a mess.   Does this resemble the crypto equal to the LTCM blowup of the late nineties where some Noble prize winners trying to arbitrage the market with various trades that unfortunately unfolded dramatically.    I didnt realize the wider implications but some people rely on the stable coin thing way too much where as I always regarded it as a bit wobbly and opaque

Thats about a negative a headline as they can muster:
https://www.coindesk.com/layer2/2022/05/11/do-kwon-is-the-elizabeth-holmes-of-crypto/
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