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3241  Economy / Trading Discussion / Re: Are trading platforms useful? on: January 19, 2022, 07:38:11 AM
I would say trading platform are very much useful because as a trader not minding the level of professionalism updating on existing knowledge is a necessity and same is applicable to newbies and Must say different platform comes with different approach but still ends up driving home the same set of information so I will say with all boldness that trading platform can save any trader from account damages if it's well studied

The only part about trading platforms usefulness which I like and can completely agree with is the fact that they are the ones responsible for your funds, should anything happen to your money...

Now this is not something that can be said with current DeFi. If you get hacked, or lose your money or access keys, you are the one at fault and the funds may be unretrievable. But then again, you have to do KYC on trading platforms. Again, a double edge sword. You have to weigh the risks and see if its worth it, in the end.
3242  Economy / Gambling discussion / Re: What will be the next big industry move? on: January 19, 2022, 07:16:05 AM
^

Governments of any country cannot fully regulate cryptocurrencies, so they try to create their own CBDCs. This will reduce the cost of processing payment data and increase the speed of transactions. A huge disadvantage of CBDCs can be considered the lack of decentralization, which means that at any time your funds can simply be blocked without your knowledge.

The one and only point of cryptocurrency is to have a decentralised, uncontrollable and completely uncorruptable payment and banking option. CBDC is basically a fake cryptocurrency made in a desperate attempt to sideshow the current cryptocurrency without offering anything that would make CBDC's just as attractive, at the very least. This won't end well and will be a dead end as the real cryptocurrencies continue growing.
3243  Bitcoin / Bitcoin Discussion / Re: Bitcoin User Loses Record $1.1M on: January 18, 2022, 01:49:54 PM

Quote
A bitcoin user lost more than 26 BTC worth $1.14 million to online thieves posing as MicroStrategy chief executive officer Michael Saylor.

Whale Alert stated, "this scam received the single largest payment ever to a fake giveaway."

Saylor said he reports the scammers to YouTube every 15 minutes, and they are pulled down hours later, but the criminals are relentless.
https://beincrypto.com/bitcoin-user-loses-record-1-1m-scam-michael-saylor-giveaway/

Another ironic story. For me, it looks exactly like this. A person who owns 26 BTC falls for the bait of scammers who, allegedly on behalf of Michael Saylor, promise to double his capital. Maybe I'm too skeptical. Having a decent capital in bitcoins, it would be worth checking the information on several channels than throwing away bitcoins, counting on increasing your capital. While those 26 BTC may not have been the last in his portfolio, and for the owner is not a big loss. Huh

I would have never thought someone that rich could be that naive. But then again, I guess that person must have probably inherited all his money, instead of actually working for it. That might explain it.

I mean he did not even check with a video meeting with the CEO or anything? The only strategy you need with Bitcoin is HODL. Thats it.

Is there a way to track the scammers down at this point? A million dollars could be worth the effort if you set a bounty of 100-200k on the scammers.
3244  Economy / Gambling / Re: BitVest, The worst casino I have ever seen on: January 18, 2022, 12:20:14 PM
Campaign was paused about two months ago because delayed payments. It was settled later on but the campaign remains on hold.


It does seem like they might be having some liquidity issues, even though they attempt to look professional and legitimate, they cannot even afford a relatively cheap marketing tactic such as a signature campaign. That does seem like a big red flag, especially because they aren't even trying to scam anyone. I guess nobody wants to use their casino, therefore they are not seeing any cash flow.

Best to avoid.
3245  Economy / Trading Discussion / Re: Getting Used to The Market Situation is The Key to Becoming a Reliable Trader. on: January 17, 2022, 08:24:45 PM
Rather than the market situation, the key factor is the trading part. Its impossible to know the market situation on an instant basis at all times, just like you can never know if someone is about to sell hundreds of millions of dollars worth of coin in the next minutes. The best trading strategy you can provide for yourself is not to become emotional and never to sell because of emotional thinking.
3246  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto NFTs, what are your thoughts. on: January 17, 2022, 06:21:49 PM
That's how the crypto industry mostly works, right? Things get super hyped up until 99.9% dies into oblivion while a very very small minority actually survives.

-What type of Art NFT do you think are best, ( Maybe those monkey ones? )
None on those PFP projects. For the art side of things specifically(DAOs and communities aside), probably the 1 of 1s.

Exactly my sentiment towards NFTs. It will die out unless the governments or at least ANY governments declare legal ownership transfer of rights on NFTs, its just a picture/gif that doesn't actually belong to you (in the sense of copyright ownership), even though you "bought" it. In fact, one of these days NFT art is going to become a whole big problem in the eyes of the law when NFT owners start suing. If this ever changes, NFT's will become a viable and real option for me. Until then, its not worth it.
3247  Bitcoin / Bitcoin Discussion / Re: The Crypto bans are temporary, we are on the right side of history. on: January 17, 2022, 12:28:12 PM
I think this is the right statement. As time goes by, times will continue to progress, the government system will change, and surely the people in government will change. In my environment now, people who are involved in the crypto world are dominated by young people, and they have the potential to sit in government. Maybe now they have the authority to "ban" Crypto, but who knows 5 years, 10 years from now they won't have that authority. I'm optimistic about this.

It might have less to do with authority and perhaps more to do with a growing technology that is becoming more and more impossible to ban. At some point the governments will have no other choice but to accept crypto as a fact and as something they have no control over. At this point they will stop trying to swim against the wave and might even contribute in a positive sense to the world of crypto. Even now, they barely have any authority except when it comes to a fiat connection to crypto like buying or selling crypto with fiat.
3248  Economy / Gambling discussion / Re: Any Social Betting Platform that allow to copy a bet? on: January 17, 2022, 12:06:56 PM
Did you know any social betting platform for sharing tips and suggestions?
I am searching a place where tipsters:
- can share some hints/tips (including premium picks with some subscription)
and
- user can copy that predictions (like Etoro for betting...) and placing in a sportbook?

I am asking because it could be very useful for both parties.
Tipster could share (and earn) from top picks. Players could find an easy platform that allow to copy bets and following reputable tipsters.

Any idea about that?

Unfortunately I have never seen a "social betting website" that allows you to copy bets. Unlike social trading websites that allow you to copy trades like on eToro, I think social betting might be a bad idea because of the potential for abuse. Imagine an influencer getting paid for luring people into bad bets on purpose... While with social trading you can't really abuse the system because of the sheer trading volume, with bets it might be a different story. Embarrassed
3249  Economy / Scam Accusations / Re: luckydiamond.io big scam with big proof on: January 16, 2022, 05:49:09 PM
I appreciate that you want to show everyone your proof, however, I think this thread would serve better in the "scam accusations" subforum: https://bitcointalk.org/index.php?board=83.0.

That being said, I would recommend using the following format to post your scam accusation: https://bitcointalk.org/index.php?topic=260073.0


That way it will be easier to read for everyone and the scam accusation will be checked thoroughly, much faster. Bad gambling casinos should not get away easy with bad actions just because your thread got lost in the wrong subforum.
3250  Bitcoin / Bitcoin Discussion / Re: Bitcoin Changing my Thoughts And Behaviors. on: January 16, 2022, 10:31:42 AM

This is not a good thing, Bitcoin is just a very young payment network and currency, it's not going to change everything in the world. It's normal to be excited about something and spend a lot of time around it, but keep in mind to not let it have negative influence on your life, like abandoning your connections with people who don't share your passion, because some day you might regret it.



Bitcoin is not really all that young anymore. We have already passed the most important stage where big countries with a lot of financial influence like China and the United States of America have tried to restrict Bitcoin or even have it banned. Those attempts failed and now we have come to the next stage where countries, albeit smaller countries, like El Salvador, are adopting Bitcoin as legal tender.

So, yeah. Not at the young stage anymore at this point. Roll Eyes
3251  Alternate cryptocurrencies / Altcoin Discussion / Re: Why do you use stable coins? on: January 16, 2022, 10:03:13 AM
Hi, I'm a normie who finally got into crypto in nov 2021. But I don't get stable coins. When you sell your crypto, why don't you just convert back to fiat and put that fiat into your bank account right away? I worry about stable coins becoming un-pegged; this is a big concern for me; it's an extra worry that you don't have if you just convert back to fiat right away.

I can see using stable coins as a trading pair to purchase alts on a dex but I don't understand holding stable coins for longer periods of time like weeks, months or years as a store of value; to me this feels way too risky. What am I missing?

Might be different if you could do a lot of your every-day normal shopping with stable coins but right now you can't.

Well, stable coins are as their name declares them: Stable. Meaning they don't really go up or down and are a safe haven when Bitcoin and all altcoins are dumping. You can think of trading your coin in for a stablecoin as shorting your coin 1x without having to worry about any liquidation limits.

Now, I myself would not trust just any old pegged stablecoin. I trust only the top (by volume). USDT, BUSD and so on. Anything else is too risky for me. Just like scammy DeFi platforms, scammy stablecoins are not that hard to create.
3252  Alternate cryptocurrencies / Altcoin Discussion / Re: Where DeFi is headed on: January 16, 2022, 09:52:44 AM
DeFi is still more like a failed experiment, 80% of DeFi projects are unreliable, they have weak security and they are more hack friendly, they claim to be decentralized but instead they aren't showing any decentralized motives, the only DeFi projects I trust are not up to five and I choose those DeFi projects because they are more than just DeFi like many new DeFi projects so far, I don't care much about where DeFi is headed, I'm just going to keep picking the good eggs out from the bad eggs, hopeful in future DeFi projects will actually become fully decentralized and more secured

I would probably not go as far as to call it a failed project. Some DeFi, which can be regarded as trustworthy and secure, are really doing most of the legwork in the DeFi crypto world. Definitely there are also a lot of scam DeFi, but only due to how easy it is to build DeFi on smart contracts. But you can always tell who the serious DeFi providers are. DeFi, just like altcoins have had a bad start, but then again, which new tech can be called perfect?
3253  Economy / Gambling discussion / Re: What do u think about gambling? on: January 15, 2022, 05:20:16 PM
I practice believing that I'm playing only for fun, but at the back of my mind, I always want to win and play for profit because who even wants to lose, right? But as a matter of fact, it's always going to be hard to practice yourself if you are greedy or maintain your capital if you were to invest a lot. It's always going to be a balance between wanting to win and controlling yourself.

I would not really call it "investing" but rather burning through your money. Once you make a bet you should consider your money already lost aka burned. If you go into betting with that kind of mindset, then it will be easier not to become emotional when betting.

Its all about controlling your emotions really, because if you do lose money, it makes you angry and makes you want to bet more, out of spite.
3254  Economy / Economics / Re: Tonga will probably be the next country to make Bitcoin legal tender on: January 14, 2022, 03:38:15 AM
Tonga does seem like a mentionworthy candidate for making Bitcoin legal tender but I have also heard more rumors from the southern Americas, especially Mexico. Whatever happened to that? For sure we had been hearing a great many rumors about mexico finally legalizing Bitcoin as legal tender?

Tonga with a population of around 105k won't really compare much to El Salvador with a population over 6 million. How many people in Tonga even have access to the internet and are interested in Bitcoin? I don't see a huge impact. Undecided
3255  Economy / Gambling discussion / Re: Boxing Speculation, Odds and Predictions on: January 14, 2022, 03:28:02 AM
It appears the truth has come out on why Terence Crawford has made his decision to leave Bob Arum and Top Rank boxing. This reason might also not be on Bob Arum’s racism towards black fighters, I reckon hehe. The real reason might be that highlighted quote in yellow. Crawford wanted to fight Errol Spence in a superfight, however, this was never offered to him under Arum and this might never be offered to him as a free agent.

Truth if proven true. Bob Arum's camp surely has a counter to that case.

For now, at least we hear both sides' story but the fact should always be associated with solid proof and not just accusations.

Bob Arum won't reach his status today if he's shit all the way. Others might not like him but this old man knows how to play the game. I'm hoping though that Crawford will get what he wanted.

I wholeheartedly agree with the above statement. If we don't get the full story from both sides, then we only get half of the story. And while that might not interest the media, which only cares about scandelous articles which generate views and outrage, when it comes to the world of boxxing, stuff like that can end careers quite quickly and unfairly. Although maybe thats the goal of the people who are trying to make the slander...
3256  Other / Off-topic / Re: What do you think about owning and selling your content on social media? on: January 14, 2022, 03:24:39 AM
Does this appeal to you?
Please share your thoughts

that really depends on what you mean and which social media's you are talking about. If you are talking about social medias like Facebook or similiar, you may find that a lot of content is being stolen and its basically nearly impossible to track down and do anything against the culprits. So owning is a big problem. And selling something anyone can steal anyway.... Well... Thats a problem too.
3257  Economy / Gambling / Re: What are the best ways to choose a casino on: January 14, 2022, 03:22:11 AM
Well, the firstmost and most obvious step for choosing the best online casino (assuming you mean online crypto casino) is to look at this forum and especially take a look through the scam accusations subforum. Anything sketchy will be reported there, definitely. Next you can take a look at what people are saying on the ann thread of the online casino and see if theres anything bad. We also have lists of most popular and trustworthy casinos in this forum. Just take 10 minutes to search.
3258  Bitcoin / Bitcoin Discussion / Re: I have concluded that all governments together can't stop bitcoin on: January 14, 2022, 03:19:12 AM
As far as government power goes, 1 government alone could not do anything, except perhaps cutting off the country from outside internet like North Korea or China, for example. But if every government in the world wanted to stop Bitcoin, all together they probably could do it. But then again, when has such a worldwide cooperation ever happened? Thats why Bitcoin will stay... Because too much corruption is what fuels the most incorruptable money.
3259  Economy / Speculation / Re: Always have an exit strategy on: January 13, 2022, 08:21:24 AM
I truly believe the best exit strategy is to exit from FIAT and forever hodl bitcoin Cheesy

Its best to jump the fiat ship while it is still sinking and climb aboard the crypto ship. But if you absolutely need to save your money because you cannot afford short term losses, I guess just make a trading strategy and calculate a certain percentage that you are willing to lose on a trade. That will be your exit strategy. Although, as I said, I would not recommend it, as exiting causes more losses than one might think...
3260  Bitcoin / Bitcoin Discussion / Re: My bitcoin achievement on: January 13, 2022, 08:18:15 AM
Is being a lab scientist doesn't give you enough salary?

Well, at least you did the right thing to invest your money while the price is still low and you did gain your profit during bull run. I'm surprised you didn't quit your job as most of the people that who has some testimony here quit their main source of income just to do full time trading in Bitcoin. I bet most of them regret those decision they made since trading is not for everyone.

Anyway, congratulations on your success.

No, scientists, even with fancy PhD degrees get paid really poorly unless they work for industry research and development. Academics does not have a lot of funds and most scientists are expected to be paid peanuts because its very hard to get job and scientists care more about the science than the money. This are both facts that are abused and exploited by the people who hire them.
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