There seems to be a belief by some people that:
1) The money that is currently put into negative-yielding Treasury bonds needs a new "home" and
2) That new "home" is likely to be bitcoin
Can someone explain this in more detail. Why are Treasury bonds being compared to bitcoin? I understand the rationale behind point 1, but don't really see why a large portion of it will move into bitcoin. I can see it moving away from Treasury bonds, but I also see it moving to stocks, real estate, gold, silver, other commodities, art, pokemon cards etc.
This seems like it is a bit late to the party. Interest rates were at record lows the last few years, meaning that investors had to look to potentially riskier assets to make a return on their money - so a lot of it flowed into all sorts of things like property, stocks and things like cryptocurrency. The money printing press has also been running at full speed pretty much since the 2008 financial crisis, meaning there is a lot of cheap money floating around the economy which is also looking for a return on investment. What we could start to see in the coming years is inflation going up, which means interest rate rises as central banks try to cool it off but Bitcoin will still stay strong regardless. |
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Have you read the latest news? "Elon Musk is ready to sell his Tesla shares to donate $6 billion".( source). This comes in response to a tweet made by David Beasley, director of the UN’s World Food Programme (WFP).
In his tweet, Beasley had mentioned the $36 billion increase in Musk’s net worth after Hertz ordered 100,000 Teslas. He added that one-sixth of this increase, which is $6 billion, could help save 42 million people who are suffering from famine. If interpreted based on google data, that number is only about 2% of the total value of Musk's wealth. What do you think, Does it really only take 2% of musk's wealth to solve world hunger? How do we assess this phenomenon based on its purpose, from a humanity or economic perspective? Elon is not selling his assets to donate $6 billion, it was simply a rhetorical answer to a UN official who claimed to have some magic formula for ending world hunger and that a billionaire like him could solve it overnight. Elon gets to look like a hero by countering this ludicrous claim that such a low amount of money is a magic bullet to stop something that has plagued mankind for centuries. The UN official gets some free publicity for their cause but really looks rather silly to anyone with an ounce of intelligence who would know that having a big pot of money (which is tiny in practice) does not instantly solve this problem which has all sorts of reasons and causes. |
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I was with a friend today who was in a hurry to place his bet on some numbers that were sent to him for some football matches that he believes are fixed. I'm a bit confused how fixed matches work.
Are fixed matches real? Do the coach and players of teams were matches have been fixed, do they consent to it? If you were in a team were your next fixture has been fixed, what will be your reaction?
They are most definitely real but chances are they only affect a very small percentage of any professional sports league. If you can imagine that professional players are meant to be the very best and are hired based on that skillset, yet the main way of rigging a competition would be to intentionally lose. If you keep losing as both an individual or a team player then eventually you will end up competing only in the lower and less profitable ranks of the game. It is usually pretty obvious when teams or solo players have intentionally attempted to rig a game, because they are usually favorites and have to make some rather silly mistakes in their usually solid game play to let the opponent win, if you do that enough times it comes under a lot of scrutiny. |
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It's that time of the year again, where our coins are worth a lot more than they were months ago. Sometimes it feels great sharing your gains on social media, especially if you haven't had this much money in the past. While I think we need to have our egos stroked once in a while, sharing them on social media(or by just telling everyone) is not the way to do it. https://www.newsweek.com/bitcoin-millionaire-zaryn-dentzel-beaten-fortune-stolen-masked-robbery-cryptocurrency-1645550"In LA, people will rob a convenience store for $50. Wait until they realize they can go into the home of a software engineer & make out with hundreds of thousands." - Nikita BierIt's a scary world out there, ladies and gents. So you better watch out. Some quick reads: It's definitely a worthwhile reminder that some people here have $50k+ stored in Bitcoin and some people would literally kill you to get hold of that sort of money. It's easy to get complacent when you have lots of cash and assets floating around, that you might want to start bragging when the alcohol starts flowing out at the bar - but you never know who is around you that might be listening to your conversation, or what steps they might take after overhearing such things. It just goes with being humble I guess and realizing that money might cause people to do some horrible things against you, staying quiet about your wealth is probably best even with your closest friends and family. |
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The pandemic have been an extremely stressful event for the world and most people are having problems regarding jobs, money or something else or the other. The government has started implementing regulations in a way that it would not only profit them, but they are also gaining a lot of money from various activities and on the top we have Gambling. For this year’s Safer Gambling Awareness Week (1-7 November), NerdWallet conducted research which revealed that nearly two-fifths of frequent gamblers, defined as those who gamble at least once a month, have seen their gambling increase during the pandemic. Now why the evaluation of data is important? -It might provide an insight into how the government's laws are changing the way people Gamble. Which can be used to do research on various matters like gambling Addiction. It can not only be used by companies but government itself to provide better laws. - 63% gamblers noted an increase in time spent gambling. - 62% said their gambling habit remained the same despite the laws being more losse for some areas - 12% reported an increase in their gambling habit If anything I'd take a guess that this is under reporting, so if this amount of people are admitting to it - you can bet there is another 10-20% who are too ashamed to admit it, even in an anonymous survey where there is no chance of being judged individually. There does seem to be a clear discrepancy between time spent gambling going up substantially and only a little increase in the gambling habit, you'd assume if someone is spending more time on an activity (unlikely to bet at smaller prices that they're used to) then the amount would likely increase too. It shows a divergence where people will admit to more time spent, yet have fooled themselves into thinking they are not spending any more money on it. |
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They have a conflict of interest to begin with, even if their estimations are in good faith, which I doubt. They're suggesting that groups invest in real estate or hedge funds oppose to crypto which is awfully convenient for them, considering investment consulting groups aren't really needed to invest in crypto to any significant degree - you purchase and hold, that's the extent of investing in Bitcoin.
As for their projections, mere speculation at most. Volatility's always been an issue, and it's a problem that should become less prevalent the more adoption there is.
This is very true, there is a vast conflict of interest taking place. You can already see there is huge demand for cryptocurrency related funds right now and many big companies are trying to incorporate it into their service offering since it has been established for a while now. Paypal and soon to be Mastercard are allowing large parts of very rich countries access to this cryptocurrency that has been advertised as a huge gainer for many years now - people are definitely still interested while the quantity available remains static. Every new company that announces interest in this is going to take a chunk of availability further away and reduce volatility as they suggestion. They are selling this hard to customers on one side while their (usually very unreliable) analysts are projecting an opposing story to drive down the price. These investment banks make money from regular trading transaction fees, not from people who sit and hold these assets. |
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One of the prospective ways to use cryptocurrencies in the area of betting and sports-games. So probably Fantasy Sport also may be. Let's talk about this phenomenon for a while, esp in crypto-retrospective. Many sports betting enthusiasts would love to have bets every hour every day. Still, unfortunately, there are not so many significant sports events in real life that happen every hour to provide bookmakers the opportunity to accept those potential bets every hour. Since the number of people wishing to place a bet is growing, and the proportionality of real events in the world is not so great, a new ideal option was invented - fantasy sport (also known as rotisserie or roto). * is there any future for crypto-related Fantasy Sports? * maybe any currently available projects? * what kind of opportunities for NFT types could be related to Fantasy Sports? It's quite easy to imagine token with Virtual Ronaldo, which goes several million on auction price  It seems that the world of fantasy sports is huge, so it would make sense for cryptocurrency fans to be interested in it as well. I definitely see some of the currently established sportsbook betting sites having a good shot at cornering this market, but surprisingly they are outsourcing this right now and leaving a massive pile of money on the table. I was looking at Sportsbet a couple months ago and they actually redirected people to a third party for one of their fantasy sports competition and would have been able to serve their customers a bit better if it was built internally instead. NFT's are really going strong right now, so any ability to tie that into the game would also do well. |
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How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?
The subject of money in particular is controversial, speaking for myself, I'm working a regular job, getting paid above average each month, while also doing some online work such as signature campaigns and staking coins on various platforms. I'm making enough money to make ends up and on the plus side, setting aside a decent sum of money from my salary, as well as any other amount earned online, is set aside as savings.
While in particular, I'm pretty satisfied with the amount of money I'm earning, I definitely wouldn't mind earning 10% or 20% more, I'm not sure though, if I'd say the same even if I supposedly received the previously mentioned raise, which is falling to the category of, the more, the better.
However, the general idea is that I'm currently okay, if I were to pursue something in life, in terms of money and finances, it'd be to make enough money to make ends meet and have a decent amount of purchasing power, while at the same time, having a savings account. This is something that as a 23-year-old student I've managed, but I have a pretty long way to go.
What's your take on this?
I am saving (or investing) towards financial freedom by building a stream of dividend paying stocks that automatically reinvest. It was Albert Einstein who once said that compounding is the 8th wonder of the world and it is very true. It start's off very slow, putting in as much as you can each month, but after a few years the rewards are amazing and start a massive snowball effect - gathering faster and faster as time moves on. The dividends paid out by companies along with your continual investment grows into a steady stream of income that you won't have to work for in future. Once that pot grows big enough it will mean not having to work (if I want) and that to me is what defines real financial freedom. |
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How often do bookmakers make mistakes in setting odds?
Certainly, Zhang has a beautiful record but the majority of those fights are like amateur fights. Not sure why this was recorded on pro.
Should the bookmakers consider Rose Namajunas' KOs of those high profiles she busts before setting the odds, you can see it's very close even when she caught Zhang in the first fight. Currently, it's Rose (1.97) Zhang (1.87) on Stake.
To me the stats that you have presented look very similar and any possible pricing difference in the betting odds is very marginal at best. You need to remember that unless the betting odds are 2.0 vs 2.0, the bookmaker is making profit on every single decimal point, so they might simply be trying to balance a lot of previous bets that came in with some sort of dynamic pricing model. Now, if you're able to find bets priced above 2.0 on both sides of the equation then THAT is a very mispriced bet and will allow you to make a guaranteed profit. There are definitely people who are trying and successfully making money from this sort of mispricing arbitrage, but they're likely doing it on a scale involving many thousands if not millions of dollars to truly make risk worthy profits. |
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I am wondering, whether what I read online makes much sense in regards to exchanges "banning" mixing services.
I tried it and it seems not. I have tried to mix very small amounts through various mixers and used an account on a major exchange to see wheter they will have a problem with it (as they claim) or not.
Fact is no issues after weeks.
I wonder if in 2021, with the level the mixers have reached with delayed payouts etc., it is still possible to detect wheter a UTXO has been created by a mixing transaction or not.
I have no interest in mixing coins but care for analytical reasons only. I (maybe someone does) would not know what heuristic approach would be working where you don't have uncertainty to an extent where it makes no sense to call it information.
Your small scale testing is unlikely to raise any red flags because so much cryptocurrency is flowing around and intermingling all the time, it wouldn't make sense to ban people for the odd occasion. The people who will feel these sort of bans are the large scale or regular people where almost all of their transactions are inbound from identifiable mixer addresses. We're talking about people who have many dozens of transactions, probably involving fairly large sums, that fit the profile of someone who is trying to clean their money. One of the big benefits of Bitcoin is traceability so if you have intelligence on mixer addresses and have a lot of activity giving you visibility on "normal" transactions (aka a large exchange) then it's theoretically possible to make some educated connections. |
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Afghanistan's Taliban government is pressing for the release of billions of dollars of central bank reserves as the drought-stricken nation faces a cash crunch, mass starvation and a new migration crisis.
Afghanistan parked billions of dollars in assets overseas with the U.S. Federal Reserve and other central banks in Europe, but that money has been frozen since the Islamist Taliban ousted the Western-backed government in August.
https://www.xm.com/research/markets/allNews/reuters/just-give-us-our-money-taliban-push-to-unlock-afghan-billions-abroad-44779875The Taliban will never EVER see that money again. If only there was a robust, self-sovereign, censorship-resistant currency that an entity can actually HODL in their own actual custody, without any counterparty trust.  While you make a good point it is a rare situation indeed that this happens, so maybe more of an extreme example to illustrate a point that is unlikely to affect most countries ever. A possible downside for Bitcoin, if it were to replace the holdings of foreign currency or gold that these seized assets represent, is that it can be stolen by anyone with internet access. Now it is extremely difficult to ever hack a wallet, but some disgruntled employee or virus getting on to an Afghani banking system could result in huge amounts of money being lost without trace. It could happen to the US banking system, but that is a lot more traceable and the money would likely be returned through various means and pressure. |
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I'm not sure if this had been asked before. This is just an example of some odds that I saw recently Fighter A (1.30) vs Fighter B (3.65). With this obviously, Fighter A is the people's champ and Fighter B is the underdog.
Regardless of who is bigger and undefeated record, let's say you have no idea who these fighters are because the names can't even be read like Ulshrkubyki vs Ykwehgyfvbh. If you only have $10 left in your sports betting account, would you go for the champ which you can only earn $3, or go for the underdog which if he got lucky can triple your money?
It's a common trap that many people fall into, trying to make long shot bets when the amount they have remaining dwindles to almost nothing. It's somewhat similar to owning a stock - the stock doesn't know that you own it, nor does the bet act in some special way to your advantage because one side is an "underdog". I don't know the exact breakdown for this bet, but looking at it as a percentage may help to understand the outcomes - it may be similar to a 20% chance of the underdog winning versus a 80% chance for the predicted winner. To me it seems clear what will happen and I'd rather take the slower but more guaranteed route than have a 20% chance of success - maybe that's why I'm a bad gambler. |
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I mean I do win against players, I can do it for a week, a month and even a year but I always lose to the house.
The rake and house wins, it’s like impossible to beat the house...
It's worth considering the actual times that you play and whether there is a deep enough pool of players at the website/app that you are using. Often overlooked but different times of day can yield vastly different results, like you might have a lot of European players on around CEST 6pm-10pm and be able to bank the hardest, but outside of that it might be out of sync with your own best performance. See if you play better in the morning or evening. The player base on each poker program you play can also create vast differences in results, if you're playing against the same group of players on a small site with say 250 active users at any time, then you might struggle against real committed sharks, so go for a bigger pool where you're much more likely to find easy fish swimming around. |
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However, many wished to reduce the amount of time they spend gambling, with 43% of those who gamble at least once a month expressing this desire, while 57% of the everyday gamblers also wanted to curb the habit — but at the same time, 42% stated they had no idea how to go about it. I hope this article can provide an insight for the safe gambling awareness week and could highlight the main events that we might have to encounter and understand. https://www.gamblinginsider.com/news/13723/38-of-frequent-gamblers-in-the-uk-gambling-more-than-pre-pandemic I find it curious that people struggle to stop gambling, because if they really wanted to take that step almost every UK regulated gambling company has a mandatory opt out mechanism. If you apply to self-exclude then you will be banned from that site for a long time which very useful for breaking the habit. Most gamblers will return to the same sites day after day, so being able to break that connection should have a very big impact on someones ability to quit - however most of the people likely want to continue and just aren't ready to let go, even if they say they are. Much like quitting smoking, you need to go cold turkey and learn to cut it out entirely or you'll keep falling back into that gambling addiction. |
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What do bitcointalk’s community and users think and speculate about this latest news development? Would anyone consider that the Chinese government might be recognizing that they have made a mistake and might be ready to unban mining for bitcoin and other cryptocoins? According to CoinTelegraph, China’s National Development and Reform Commission (CNDRM) is now seeking public opinion on the inclusion of crypto mining in its list of “phased-out” industries, after seeing that the ban helped the U.S. to become the world’s dominant crypto mining nation.
It looked like China’s stance regarding crypto mining was finally cemented with the ban imposed in May this year, after it had been going back and forth on the issue since 2019, but now, they are skeptical after most of the Bitcoin hashing power was relocated from China to other states, helping the U.S. become the leading hashrate provider.Read in full https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/The CCP is a very erratic and unreliable form of government, prone to swinging in the direction of whatever Dear Leader has decided is the flavor of the month. Last month they were concerned about energy shortages, after they blocked Australian coal (in a stupid act of spiting themselves) and suddenly realized they couldn't get enough to run power plants. They tell the world that China is going green instead of admitting they have disastrous economic policies which falter when someone "offends" the Chinese by not going along with their messed up wishes. So it will not be a surprise to see them do a 180 turn around and allow miners back in, because they actually offer convenient money making ability in the downtime periods where energy demand is lower - Hopefully the miners won't be foolish enough to move back. |
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This morning, I was reading a book on "Good Economics for Hard Times", written by two MIT professors Abhijit V. Banerjee and Esther Duflo. I am not reading it in-depth however were looking over few chunks out of it. It made me think about my daily routine, how I see things in financial perspective. If you see yourself and analyse by each hour, day, or monthly basis in terms of your expenses then you get know how slow earner we are and how expensive we are. Obviously by now I have understood one thing in my life, you need multiple income sources to have all that you always dream! I know very well you can live a low budget life too. For example someone might just argue, you need only single stable income. True. BUT, as you go on in your life, you start to experience big burden of expenses piling up on your shoulder. Whether it is commute expense, fuel, daily food, dates with your wife, school expenses of kids, their wishes, birthdays, car loans, home EMI, personal world tours and non ending stuff you name it. Things will always be boomerang and they will sometimes go ahead of your income. This will never end up in financial stability, rather it will just keep you up to date with your 9 to 5 job, a small circle, with broken dreams and stuff. So, a thought cam in; you need that Non-Ending Economic Circle. By definition literally means you should be able to tackle the satisfaction by means of scarce sources. How one can have this satisfaction? Well as far as I am thinking you get into the market and create multiple income sources. There should be flow of money your banks all the time. You should be thinking more about your plans rather than bending your plans according to your bank balance. With the digital era, there are just so many ways to earn the money. If spoken about the crypto space then . .1) Crypto staking 2) Mining Farm (Very profitable if done properly) 3) Crypto Trading 4) Crypto Investment by HODL (More or less staking without fixed APY%) 5) Work at Forum Apart from above list:1) Blogging 2) YT influencer 3) Social platform king e.g. Insta page, FB pages, Twitter (Promoters) 4) Digital Marketing The Big BoyBe an entrepreneur or business owner of at least one stream of product that suits you. Moreover there is big platform to work as part time earner on amazon, medical writer, medical coder, flyer influencer and many more opportunities which can be availed with few course or based on your skills.
Has it occurred to you sometime you should have more income sources than just relying on single one? Do you really believe in such economic circle where your income is unlimited and your expenses does not matter.  Basically if you want to grow your wealth over long periods of time it is best to follow what the richest are doing already. You'll find the vast majority of them are heavily invested in the stock market and property. Buying property is an extremely expensive business and usually the biggest asset someone will ever own, while it is definitely a great investment it is usually the rent saving that makes it worthwhile. Stocks are much more accessible these days and you can steadily add to them over time if you want to build up a reliable passive income stream. The trick is not to be too greedy and you need to accept that even medium risk companies will only make you 5-10% per year in dividends and capital appreciation. |
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The pandemic have been an extremely stressful event for the world and most people are having problems regarding jobs, money or something else or the other. The government has started implementing regulations in a way that it would not only profit them, but they are also gaining a lot of money from various activities and on the top we have Gambling. For this year’s Safer Gambling Awareness Week (1-7 November), NerdWallet conducted research which revealed that nearly two-fifths of frequent gamblers, defined as those who gamble at least once a month, have seen their gambling increase during the pandemic. Now why the evaluation of data is important? -It might provide an insight into how the government's laws are changing the way people Gamble. Which can be used to do research on various matters like gambling Addiction. It can not only be used by companies but government itself to provide better laws. - 63% gamblers noted an increase in time spent gambling. - 62% said their gambling habit remained the same despite the laws being more losse for some areas - 12% reported an increase in their gambling habit With a lack of distraction over the tough months of lockdown, it appears that people have found it much harder to manage their gambling, and the habits developed during the last 18 or so months have been difficult to unwind even as the UK opens up.” Not only that the reports go deep so as how people took the personal experience. However, many wished to reduce the amount of time they spend gambling, with 43% of those who gamble at least once a month expressing this desire, while 57% of the everyday gamblers also wanted to curb the habit — but at the same time, 42% stated they had no idea how to go about it. I hope this article can provide an insight for the safe gambling awareness week and could highlight the main events that we might have to encounter and understand. https://www.gamblinginsider.com/news/13723/38-of-frequent-gamblers-in-the-uk-gambling-more-than-pre-pandemic Looking back it does seem an almost inevitable side effect of the pandemic now. The entire population of the most developed countries in the world (many of who allow online gambling) were confined to their homes and if you look at the UK - given 80%+ of their wages by the government and they did not have to do any work for it either. That left people with loads of money and few retail outlets to spend it. Lots of shopping destinations closed down at the start of the pandemic and people stopped buying things like cars that they couldn't use. That's why so many gambling companies have banked so hard and seen their profits skyrocket in that time, although I expect that things will gradually start getting back to normal now. |
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According to this article Bitcoin price plunge wipes hundreds of billions from global cryptocurrency markets
, the dropped was may cause by long term investors trying to cash out for profit, but one thing that coincides with the timing is the Direxion Bitcoin Strategy Bear ETF which is betting against the success of bitcon. Here's the exact text from the article. What caused the drop in Bitcoin price?
The crash is partly driven by long-term holders selling at a high to take home profits, according to blockchain data. That’s typical following a price spike.
But it also coincided with financial company Direxion filing for a new bitcoin exchange traded fund (ETF) that would bet against the future price of the crypto.
It will be called the Direxion Bitcoin Strategy Bear ETF, according to its filing with America’s Securities and Exchange Commission. Is this a hindrance to the success of bitcoin in the future? How and why? I'm not sure it will have any effect on the price of Bitcoin long term, but it definitely seems like mass market manipulation if a hedge fund was involved. The fact that the price recovered as fast as it dropped indicates that there is either a massive pool of buyers ready to snap back up to around the current price or that the whole trade was an illusion designed to provoke mass selling. If it was the latter then we need to find out the exchanges that were involved because it would seem that they are part of the reason and possibly trying to defraud the market by forcing the price down - so they can buy back in at a cheaper price. |
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I fell in love with poker when the whole Texas Hold'em craze started around 2003-4ish range. I was in college at the time and man we played every single night for months on end. Bought a chip set as well which I still have. Unfortunately I haven't been playing as much as I'd like to lately, but plan to start getting in to playing more soon. I'm just curious what kind of strategies you guys employ when playing? I know there aren't a ton of tricks one can use, but there are some out there. I guess there's also a big difference when you're playing in person ( bluffing strategies ) vs playing online. I'd like to hear tips/tricks/strategies for both!
I think one good tip for anyone starting out in the world of poker and with a serious intention to commit to it long term is keeping a diary of progress. Bankroll management is a strong part of a successful poker player and understanding variance is often overlooked. Understanding your winning and losing sessions will be crucial to developing. You might have played the hands exactly as you should have, but it could still lead to a short term loss. The fact is that you played them, using calculated odds and ideally being able to get a read on the skill level of the players around you. If your diary after a few months shows progress, then it might be worth continuing - but you will have to constantly be learning and adapting to get better. |
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The development of cryptocurrency especially bitcoin keep on circulating as a moving train, some countries are using methods to initiate their personal coin, because i could remember vividly that some countries restricted the adoption of cryptocurrency especially bitcoin in her country, which Nigeria was one of it, but currently the above mentioned country have directly develop her own coin named eNaira digital currency with the collaboration of their central bank governor and Central Bank of Nigeria (CBN) this eNaira has be launched and the reason will be view here through the source link. https://www.premiumtimesng.com/news/top-news/491623-why-i-approved-cbns-plan-to-launch-enaira-buhari.html president receiving eNaira digital currencyHaving a country digital currency is absolutely good, but the challenge is that can the country regulates her currency well, and what's the objectives of developing a country digital currency. I cannot help but wonder if this currency has been doomed from the beginning, as politicians in every country love to enrich themselves first and foremost. Are there any "founders" amounts that are portioned to wallets under the control of certain government officials? Can this currency be manipulated at will, if they want to devalue it or simply create extra money out of thin air? With all the existing cryptocurrencies out there which have much larger support bases and less chance of funny business, it does seem like a wasted effort and maybe unnecessary use of Nigerian resources to try replicating it into a country specific currency. Does it have any use outside of Nigeria or is it simply meant to be used internally? Worldwide adoption is what really gets these coins going. |
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