I became worried and found it difficult to answer after my friend asked me scary and ridiculous questions about Bitcoin ownership.
he asked. If friends, new acquaintances, or other people find out that you have a sizable amount of Bitcoin, and you don't tell them. Then you are kidnapped with several people covering their faces, with the aim of getting your wallet address with the risk that if you don't give it you will be killed.
And another reason, you have given your wallet address to members you trust, such as family members or your wife and children.
And I want to know, what are you going to do.
Aren't you going to give the bad guy your wallet address, and you let him get killed. However, your Bitcoins remain safe because you have given your wallet address to someone you trust.
Or you will give it away because you still want to live, and you don't have any more Bitcoins.
And it was just a casual conversation with a friend of mine who both owns Bitcoin, and I was just wondering what other people's answers to this dreaded question made me want to create a thread.
I don't agree with the people, who just say "give them your BTC, your life is much more important". OK, but what if they get your BTC and kill you afterwards? Never give anything to your kidnappers, you are valuable to them as long as you have BTC. The moment you give them the BTC, you become a burden and they will try to get rid of you. The same situation applies when you have cash or gold and you get kidnapped, I don't know why everyone thinks that owning BTC changes anything. BTC transactions can be tracked and the police can find the kidnappers. |
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The "Bitcoin ETF approval" hype has already been consumed by the market and the traders right now are selling and taking the profits.
I expect a stagnant/bearish market in the first half of 2024 and a post-Bitcoin halving bull run in the second half of 2024.
There's nothing to worry about, even if the price drops down to 30K USD. The market will have more bull runs this year.
I think that historically(except the beginning of 2021) January and February aren't very bullish months for Bitcoin. I know that such historical comparisons can't be always accurate, but some traders keep paying attention to this kind of data.
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My forecast about the global economy-more debt and lower growth.
The global debt will keep growing way above 300 trillion dollars. The debt bubble will burst after several decades.
The European Union will enter recession, because of the oil & gas sanctions against the Russian federation and the high interest rates.
The economic growth of China will slow down in the long term, because the population in China is getting older and the real estate bubble is slowly going down.
The USA will keep pumping their economy with newly printed money and cheap labor from Latin American immigrants. At some point, the US dollar will lose it's global dominance and the money printing will lead to higher inflation and currency devaluation.
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I agree that online gambling is more accessible than ever, but who is going to give the teenagers money, in order for them to start gambling?
Do you know any parents, who will give their children money to gamble? I definitely don't know such parents.
Do you think that the kids/teenagers will find ways to earn money, so they could start betting in the casino?
I think that gaming is a bigger problem for the kids than gambling. Some kids/teenagers are addicted to playing video games and this problem can be as bad as a gambling addiction.
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IF YOUR FUNDS ARE NOT INVOLVED IN ILLEGAL MONEY LAUNDERING. YOU NEED TO SUBMIT PHOTOS OF THE FRONT AND BACK OF YOUR ID AS WELL AS A SELFIE OF YOU HOLDING
THE ID AS SOON AS POSSIBLE, AND PAY AN ACCOUNT REVIEW DEPOSIT OF 60% OF THE TOTAL ACCOUNT AMOUNT AS SOON AS POSSIBLE TO VERIFY THE LEGITIMACY OF YOUR TRADING ACCOUNT.
THE BALANCE OF YOUR ACCOUNT IS: 201080.50USDT. THE REQUIRED DEPOSIT IS: 120648.30USDT. AFTER THE ACCOUNT SUCCESSFULLY PAYS THE ACCOUNT REVIEW DEPOSIT, IT WILL BE JOINTLY
REVIEWED BY THE INTERNATIONAL ANTI-MONEY LAUNDRY ORGANIZATION AND THE DAPP MINISTRY OF JUSTICE AND TECHNOLOGY DEPARTMENT, AND THE REVIEW TIME IS 24 HOURS.
IF YOUR ACCOUNT IS NOT INVOLVED IN MONEY LAUNDERING AND THE SOURCE OF FUNDS IS NORMAL, AFTER THE REVIEW IS COMPLETED, THE DEPOSIT WILL BE FULLY RETURNED TO YOU MEMBER
ACCOUNT, AND YOU CAN WITHDRAW YOUR ACCOUNT FUNDS AND THE ACCOUNT'S TRUE VERIFICATION DEPOSIT AT WILL. THANK YOU FOR YOUR COOPERATION. Where did you get that message from? No legitimate organization is going to ask for a 60% "account review deposit". This sounds like total nonsense to me. Do you really have 201K USDT in your account? Are you using a centralized crypto exchange? What the hell is a "Dapp Ministry of Justice and technology department"? Where do you live? The term "illegal money laundering" seems like a joke to me. Is there such a thing as "legal money laundering"? OP, I'm sorry about your case. Did you contact the customer support of the crypto exchange you are using? |
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Decades ago, when the purchasing power of the US dollar was decent and the inflation levels were relatively low, the people used to save money in the bank. Nowadays, putting money in the bank and waiting for interest doesn't work anymore. The people are seeking for other ways to save and invest money-real estate, investment funds, hedge funds, crypto, etc. This increases the overall risk, but it also brings higher returns. Anyway, the money printing machine of the Federal Reserve should be blamed for all this. We just have to wait for the fiat financial system to collapse completely, before the alternative rises from the ashes. By the way, I don't believe that the alternative will be Bitcoin or crypto.  |
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I don't consider writing messages in an online chat to be a true form of "socializing".
If you want to socialize just go out and meet people in person. A casino isn't supposed to be the place, where you could find real friends.
It's true that some casinos have chatrooms, but I couldn't care less about this feature. Maybe some people are more extroverted, so they want to talk with someone while gambling. I'm definitely not extroverted and talking(or writing messages) to other people while gambling is very distracting to me.
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I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask. He is yet another one of the people, who got scammed by crypto scammers, and they started thinking that Bitcoin is a scam. If someone steals your fiat money, would you ever start thinking that fiat money are a scam? I don't understand this mentality. Cloud mining scams were a thing in the past. I'm surprised that people are still falling victims of such a stupid scam. The "Nigerian prince" scam still exists. Unfortunately, there will always be stupid people around the world, who get scammed by stupid scam methods. |
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The easiest way to stay poor is to never get a job and always rely financially on your parents. Another way to stay poor is to borrow lots of money(on high interest rates) and spend them on gambling, alcohol and women. You will end up flat broke and probably in big trouble, but you will have the time of your life.  Staying poor isn't something to be ashamed with. Jesus Christ told the people to sell all their possessions, give away everything to the poor and the widows and live their life in poverty(without material possessions). This is probably the only way to enter Heaven after you die. Maybe being poor has it's advantages. |
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I am curious to know who are their targeted audience and at what age group. In general gambling people target countries like thailand more but probably this is not the case with crypto. Do they target nerds or total dumbs? How efficient they are between their marketing tactics?
Most of the forum members here are gamblers, not marketing experts. Maybe you should ask someone, who is running the marketing campaigns of the casinos, that have sig campaigns on the forum. I can assume that their target audience is men, age 20-65, the target country must be somewhere in North America, Europe or Asia. I don't think that most of the nerds are active gamblers. Maybe there are some nerdy/geeky gamblers here and there. The safest bet, when promoting a crypto casino is probably creating a signature campaign on Bitcointalk.org. Maybe some crypto casinos are being promoted on Telegram and Discord, but I'm not an active user of these platforms. |
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If not, then is there any reliable non-KYC Virtual Credit Card service that accepts Crypto? In that case, I may convert BTC to the accepted Crypto and pay for AWS through it.
Please note that, I am looking for non-KYC processes only. KYC processes are already known to me.
Location is outside USA and I need the card only to use AWS Lambda for free as of yet. Paid instances might come later when I want the flexibility to pay with Crypto.
Can't you just convert the crypto to fiat money in your bank account and use a normal credit/debit card? Do you have a bank account? Some prepaid cards work with AWS, while others don't work. I used a Paywithmoon VCC with AWS years ago and it worked, but Paywithmoon isn't active anymore. Finding a working non-KYC crypto virtual card is a pain in the ass and I've given up on searching for one. I remember that there were AWS account sellers in many forums. Some people are selling AWS credits, but I guess that you just want the AWS free tier and don't want to pay for AWS credits. |
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Hybrid sports betting house model. This model combines the trust and transparency of decentralized platforms with the efficiency and ease of use of centralized systems. How do you think this combination will impact the sports betting user experience? Will it increase trust and confidence, or are there potential challenges to be wary of?
Additionally, as blockchain and cryptocurrencies continue to disrupt multiple industries, what unique opportunities and challenges do you foresee for platforms like RITZ Sports Bet in navigating decentralized and centralized worlds?
Let's start a discussion about the potential of hybrid betting platforms in the crypto era. Share your insights, predictions and any questions
I'm not sure what is the point of your forum post. Is this the official RITZ sports bet announcement thread? If the answer is no, why don't you make a proper looking announcement thread? Maybe you could hire someone, who can design the thread for you. Crypto and blockchains "continue to disrupt multiple industries"? What industries are you talking about? I still haven't seen blockchain technology being actively adopted and actively "disrupting" any industry at all. The fiat sports betting industry is still way bigger than the crypto sports betting industry. I don't think that this "hybrid sports betting house model" is going to change anything. Centralized fiat bookies will continue dominating the sports betting market. Anyway, good luck with your project, OP. |
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There has always been a huge difference in the pay scale between the white collar jobs and blue collar or skilled labor wherein the later one put in more effort physically and do more hardwork than the earlier one.
Should there be market correction done for skilled labors?
Some will say that an white collar employee is more mentally drained out hence they deserve better pay but people who do menial job stop working the world will just rot as everything cannot be done but robots and AI.
It's sometimes sad to see how they are treated disrespectfully, be it a waiter, delivery workers, cab drivers, carpenter, or construction workers as they are the pillars and without them things will start falling apart. I know some of these can be automated but not everything.
The labor market is all about abundance and scarcity(just like all the other markets). Skills are rare(and therefore expensive) and the people, who are willing to do physical work are abundant(therefore physical work is cheap). If you are working at some minimum wage job(waiter, delivery worker, cab driver, etc.) you are easily replaceable. The employer could fire you and hire some immigrant from Asia(or from Latin America, if you live in the USA). The white collar employees aren't so easily replaceable. If the employer fires a white collar employee and replaces him with an unexperienced guy, the newcomer will be facing difficulties in his new job. |
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I think that "alibi" isn't the right term to be used here. Criminals have an "alibi" to prove that they weren't at the place where the crime was committed. Gambling isn't considered a crime in many countries around the world. I think that the right word is "excuse" instead of "alibi".
A gambling addict once told me "If I don't gamble every day, I will have to commit suicide". Is this a weird enough excuse?
Usually the gambling addicts have the weirdest excuses to keep gambling. The moderate gamblers don't need a weird excuse.
They just gamble for fun and as a form of escapism from their every day problems.
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Remember "Not your keys, not your coins"? Bitcoin was intended as a decentralized digital currency.
Futures ETFs and spot ETFs are as far from Bitcoin's intended purpose as you can get and they serve to make banks more money while giving them more control.
Does anyone else see what is happening here? The silence is deafening!
I don't remember anyone in the Bitcoin community ever saying that Bitcoin ETFs are "good for Bitcoin". Most of the Bitcoin supporters wanted ETF approvals because they expected a big price pump, not because they thought that ETFs are good for Bitcoin. I think that ETFs are neutral towards Bitcoin. They aren't good, but they aren't bad, so there's no need to overthink this. The discussion about ETFs helping mass BTC adoption or stopping mass BTC adoption will continue forever. There was the same discussion about BTC futures trading and we saw that BTC futures trading didn't stop the BTC price to reach a big ATH back in 2021. You can hate financial derivatives, but you can't stop the traders and investors from using them. |
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We also know Benzema as a loyal player, he isn't a typical player who easily moves to another team. Moreover, he still got nothing with Al Ittihad, and he still can't prove anything in SPL. So he must try to stay in SPL to prove his quality as a top player. If he leaves SPL very soon, people will assume Benzema has no responsibility with Al Ittihad. Benzema deleted his Instagram account with 75 million followers, because he was criticized for his performance. I can't imagine how angry and frustrated someone could be, so that he could delete his IG profile, just because he was criticized. Also there are rumors that the manager of Al Ittihad doesn't want to use Benzema and the French player might be loaned to PSG or Manchester Untied for the next half of the season. I don't understand why PSG and Manchester United would want to sign an old and unmotivated player like Benzema. He was a top class player, but his best years are way behind him. |
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This is a joke, right? Not all young girls and boys think like this. Maybe I could add another joke. 20yo girl: I don't have money. Maybe I should start an Onlyfans. 20yo boy: I don't have money. Maybe I should invest in crypto(By "crypto" he means NFTs, pump & dump shitcoins and memecoins) 4 years later.... 24yo girl: Great! Now I can retire with the millions of dollars I made by showing my a$$ to horny paying simps on Onlyfans. 24yo boy: Damn it. That memecoin, which was supposed to be "the new Bitcoin" dropped down to zero. I lost my life savings and I'm broke. I hope that McDonalds is hiring right now. End of Story. |
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One of the reasons why people easily get addicted to gambling is when they start their journey into gambling just so they can solve their financial crisis.
Most of the people around me that are strongly into gambling and would even dress up in the morning as though they are going to work and go straight to the soccer betting shop are individual that don't have a job they are doing and that have seen people win big money through gambling and so all their mind is fixed at getting their own win also. 1.Thinking that you could solve your financial crisis via gambling is plain stupid. There's no research about the subject, but I think that most of the gamblers aren't particularly smart. 2.You have to distinguish sports betting from the casino gambling. Some punters are making decent money out of sports betting. I have never seen anyone making consistent money out of playing roulette, slots, dice, etc. I know that sports betting and casinos are falling under the same category(gambling), but casinos are the way more about "hardcore gambling". 3."Just gamble for fun" is easier said than done. Nobody can deny that gambling is fun, but the fun part is what gets you addicted. If gambling wasn't fun, nobody would get addicted. |
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Mass adoption doesn't mean buying BTC and HODLing. Mass adoption means people and companies using BTC for payments every day. I'm sure that most of the forum members are BTC HODLers so your forum post is kinda pointless. Go somewhere online, where there are plenty of people, who aren't aware about Bitcoin and start preaching there. Maybe you will gain a few Bitcoin newbies here and there. I guess that you are butthurt because the BTC price isn't going after the Bitcoin ETF approval. Don't get too obsessed with the Bitcoin price. It's normal for the BTC price to go up and down. |
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Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.
"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
This Jon Cunliffe guy is talking about theoretical and practical 0 USD Bitcoin price, but he doesn't explain HOW this will happen? What force could bring the demand for Bitcoins down to zero? Is it going to be a mass government ban or World War III? This seems like another mindless FUD about "Bitcoin having no intrinsic value, so the BTC price could possibly drop down to zero". Theory is theory and some theories cannot happen in reality. The BTC price could "theoretically drop to zero" in some weird financial theoretical model, not in reality. |
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