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341  Economy / Gambling discussion / Re: [Boxing]: Pacquiao vs. Buakaw - April 20 on: December 29, 2023, 04:25:08 PM
Would be fun to watch both legends but was more excited on Pacquiao coming to the ring again considering I'm not that familiar with Buakaw though it ring a bell. I think the favor would be on Manny considering it is his niche that they'll fight for but there's not much of disparity though on both sports. Will support Pacquiao all the way.

Buakaw is one of the best muai thai fighters, although in the recent years I'd say that Rodtang became more popular, but about 15 years ago Buakaw was the most popular guy in this sport.
Basically every year he was in the top 3 of world K1 roster.
The only problem I see in this fight is that we'll have a muai thai fighter vs a boxer in a boxing match, so Manny is going to have the upper hand. Buakaw strength was mainly in his legs and he was also allowed to use elbows.
342  Economy / Gambling discussion / Re: Martingale betting system on: December 29, 2023, 04:11:59 PM
This is one of those discussions as old as gambling itself. In short, it's not worth it. You're either making a very small bet, or risking running out of money in just 5 or 6 moves. You can also keep winning forever, but that would require a giant bankroll just to win a few bucks.

Let's say you have a million dollars and bet $0.5 - technically you will never get a losing streak long enough to bankrupt you, but who in their right mind would deposit a million to a casino just to win a few dollars every day? You could simply get a few bucks every day by depositing it on a savings account or buying mining hardware with your money. Just buy a nice sports car and rent it out to people for a day and you'll earn more than that.
343  Economy / Speculation / Re: HODLers, When Will You Sell? on: December 28, 2023, 06:33:10 PM
I'm technically a bitcoiner since 2015 but most of my coins are from 2016. I'm rarely spending anything which you can verify by looking at my signature campaign address (bc1qghyhken3czfyvyewdz7gpzmadsl3x35lk4ldh3) which contains all the money I've earned from signature campaigns since the beginning of 2022 and you can be sure if bitcoin goes to $60k tomorrow I will still be here stacking.

Holding is easy, you just need dedication and some money to sustain yourself. People who invest their last money are easy to squeeze.
Don't let market manipulators force your hand. You should spend your bitcoin when you really need something else, like a car, a house, whatever, but don't sell because you're scared. If you're scared it means you've invested more than you're comfortable with.
344  Bitcoin / Bitcoin Discussion / Re: Microstrategy Acquires 14,620 Bitcoin, Don't get carried away. on: December 28, 2023, 06:10:02 PM
Great news, I love Saylor's dedication and I hope his company succeeds.

I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.

Try to get it before the price explodes. Once ETFs get an established position among investors, which will take up to a year, most of us, people with normal gobs and average wages will never be able to afford 1 bitcoin. You'll look at the past with regret thinking about the good old days when you could sell your house and buy a few bitcoin, or save up for a year and buy one.
I suspect that in 2025 selling an apartment won't allow you to buy a whole bitcoin, unless it's located in one of the most expensive places like London or New York.
345  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin POW to POS the key? on: December 28, 2023, 05:52:07 PM
The normal fee is just around $1 but this month we are experiencing a very high fee which is unaffordable to most people.

What is normal? In 2017 the average fee was already $3 so how did you come up with that idea that $1 is normal?  In 2015 "normal" was below $1, but in 2017 "normal" was $5. In a network that's constantly growing you can't expect the fees to stay at the same level.

Ordinals made it so that we're at least 4x the fee we would be paying if the fees were growing with the network, but even if we ban ordinals, don't expect fees to go back to $1.
In 2024 you can expect 2 things to happen. Bitcoin will go into another post-halving FOMO rally and fee will grow with as it went up in 2018 and 2021. It's more likely that $10 will become the new normal than $2. $1 fee? Forget about it.
346  Other / Politics & Society / Re: Intelligence on: December 27, 2023, 08:35:09 PM
That's where neural implants come into place.

The problem is, with an implant you'll have something like a solid state drive in your head that will store memories for you. If that drive fails and electronics stop working all the time, you'll lose your memories. It's very likely the brain will rely on that chip, which will weaken other cognitive functions. When the chip stops working you'll become crippled more than you were before you got the implant.

I also had problems with focusing. I was happy with the results of my IQ tests, but I needed complete silence and no distractions to be able to learn. My mind always wandered from topic to topic and I always had good imagination. I excelled in topics where you had to design something, write a story and the more you had to know by heart, the more difficult it was.
I guess you have to go through life the way you are, OP. Find things that you're good at and avoid hard learning. Maybe you're simply good at making things, without learning how they're made.
We can't all be good mathematicians and lawyers. Some of us are artists, performers, builders...
347  Economy / Gambling / Re: What do you want to see in casino reviews? on: December 27, 2023, 07:40:56 PM
First of all, I'd like to see an extensive review made by a gambler, not a journalist. Not sure if you noticed but half of the articles are paid promotions and the other half is articles written by journalists whose job is to check these sites and review them. They make an account, play for free or deposit $10 to see how fast the deposits and withdrawals are and that's it. I'd like reviews to be written by people who really played there, at least for a few days and had some results. You can find opinions like that here, but they're rare anywhere outside forums.
348  Economy / Economics / Re: Why must you used such money to purchased a car? on: December 27, 2023, 07:25:46 PM
I’m pretty sure that this is a made up story since that 28M car from rolls royce is the most expensive car which this car company ever made.

Yup, that's a made up story by OP. Rolls-Royce will usually drain your wallet, but they're not that expensive. Most start from $400k and the more expensive ones with custom options will cost you around $1m.
For 28m it would have to be gold-plated... or limited like that special La Rose Noire that they made only 4. I honestly doubt that his friend was able to get that unless he's royalty or something. These special editions were most likely reserved by Dubai Prince and similar people...


OP probably read an article about world's most expensive cars and decided to make up a story.
349  Bitcoin / Bitcoin Discussion / Re: Bitcoin HODL: what happens to Bitcoin holders during impressive price increase? on: December 26, 2023, 06:34:04 PM
Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.

I've held bitcoin for the last 9 years and here's my take.
Negative scenarios:
It goes down by ~$10k due to some FUD. -do nothing. I'll keep waiting, adding a few bucks from the sig campaign to my stash.
It goes down heavy to ~$25k. Chances for that are low but so were chances of a crash during the pandemic and we got that. I'll use some of my emergency fiat money to buy a bit, but that's going to be less than 10k worth since I'm low on fiat at the moment.

Neutral scenario:
We'll stay between $40k and 50k. Again I'll do nothing and keep waiting for a real bull market to start. At this price if I need to urgently buy something, I'll do it, but I won't spend more than 1% of my bitcoin.

Positive scenarios:
Bitcoin goes to the last ATH so around $70k. I'll sell a little bit to celebrate, like I always do when we hit an important level. Maybe I'll buy gifts for my family, maybe pay for holidays.
We reach a new high at or above $100k I'll spend 10% of my coins to buy the things I need and continue to hold the rest.
350  Bitcoin / Bitcoin Discussion / Re: Arthur Hayes Believes ETFs Might Cause the Demise of Bitcoin on: December 26, 2023, 06:18:10 PM
I think that is a pretty silly take on ETFs.

First of all the vast majority of bitcoin will not be held in ETFs.

Some analysts say that most people who wanted to buy spot bitcoin already did it. Those who are interested in buying ETF are only those who wanted to buy but were legally denied the ability to do so, like some pension funds, but how many of them will decide to do it after that one fund lost money on FTX?
So, this is a valid point by you and total fear mongering by Hayes.

Quote
And I think it is pretty clear that not enough bitcoin transactions occurring on-chain is not a future worth worrying about. In fact, we have the opposite problem. People already complain about block space being too limited today (just look at any one of the hundreds of complaining threads started this year on tx fees) while Bitcoin adoption is still very early. When Bitcoin adoption is 10x or 20x what it is today, and bitcoin actual usage is 100x or 1000x what it is today, a million or even a few million bitcoin held in ETFs doesn't change anything to alleviate the block space crunch, and its laughable to say it would actually reverse the problem creating the opposite problem.

That's another problem. How many small retail investors who want to buy their first $1k worth of bitcoin will pay 5% of the transaction to move it to a private wallet? Not many, but Hayes doesn't care. He wants you to hold money on his exchange, so fees are in his favor.

Quote
Most transactions in the future will be done off-chain / on L2s, not because people will just be using bitcoin as a TradFi investment vehicle through ETFs (though obviously there will eventually be trillions of dollars of bitcoin held in ETFs), but because people will be forced off-chain due to transaction costs, which is precisely how Bitcoin was designed.


Hayes is literally worried about the opposite of reality haha, doesn't make any sense.

He's worried that ETFs will beat him in both safety of storing coins with them and transaction fees, which can result in all whales and institutions who used to trade on exchanges moving out and that's going to decrease his revenue.
351  Bitcoin / Bitcoin Discussion / Re: Have You Accomplished What Brought You to Bitcoin? on: December 26, 2023, 06:02:59 PM
I became interested when looking for investment ideas in 2014 and bitcoin was going through a bear market so I thought that it could be a good time to try it. I was reading about mining, even cloud mining. I tried different altcoins and eventually learned that bitcoin is the safest bet.

My goal was to park my money in something that doesn't inflate like fiat money and I had no real time goal in mind. I knew that it's possible for me to wait for years if it comes to this as long as at the bare minimum I get 10% profit from this investment. In the first 3 years i got to something like 2000% and from that moment I knew that it's where I'll be keeping my money for decades.
352  Economy / Gambling discussion / Re: Between Physical and Online Gambling which makes a person more addicted on: December 25, 2023, 08:46:47 PM
It's not even a fair competition - online gambling is 10 times more addicting because of how and where you can gamble. When you had to use your PC to gamble it was comparable, but since you can gamble on your phone it's a game changer.

First of all you can hide better. You can gamble in private places like bathrooms, or act like you're going shopping and gamble in a store alley.
Then there's crypto gambling that allows you to hide your funds. You can literally get a signature campaign here or any other job that pays in crypto and use that money to gamble and nobody will know about it.

Then there's this thing that nobody can see you. Many gamblers don't want to do it in public in fear of being recognized by someone they know, or that people will see they lost and pity them. Online gambling is anonymous so it fixes all that.
353  Economy / Gambling discussion / Re: Should security be employed in local bet shop? on: December 25, 2023, 08:35:28 PM
I think most of them have some sort of security inside because they need someone to escort people who refuse to leave. They also have money inside, pretty much like a bank, or a currency exchange, so there have to be cameras and a hired security contractor that awaits their call. Many gambling joint owners have firearms, so the places are safe.

If you're asking about people leaving with money, unfortunately not much can be done about that apart from giving them advice to call someone and make sure they don't leave drunk and alone.
In most first world countries you won't get robbed right outside the bet shop, so whether they have security or not will not help you in any way. It's the same if you choose to go to a bar with the money and show it to someone. You can be sure they'll be waiting for you to leave drunk and rob you and security won't matter.

Bottom line, it's up to you to protect yourself.
354  Bitcoin / Bitcoin Discussion / Re: Bitcoin is Too Expensive For Me. on: December 24, 2023, 08:42:52 PM
Listen up, OP. Whatever you spend on bitcoin you can expect similar profit percentage wise. Say you invest $1k and bitcoin goes up 50% next year, you'll have 1,5k. Someone who invests 10k will have 15...
Buying a whole bitcoin doesn't change anything! There's no rule saying you have to own a full bitcoin to profit from it.

That said, if you feel like it's too expensive, so be it, but years ago bitcoin was still trading at over 20k, so there was no way for you to get a full bitcoin, even in 2021 or 2022. What does it matter if you could only get 0.1 years ago and now you can get 0.05? What matters is you turn your fiat money into something that doesn't value money every year like your cash.
355  Economy / Gambling discussion / Re: Do you have a "gambling problem" which you can sometimes control for years? on: December 24, 2023, 08:32:13 PM
I don't have a gambling problem and I don't have one that I can control for years by making up excuses like the one that I make enough profit for it to be OK-ish Cheesy

The way I see it, my gambling is a habit, not an addiction and it's 100% under control. Sometimes I do it once a week, sometimes once a month, but there were times when I was abroad and busy with work so much that I haven't gambled for a month and felt completely fine. Also, I never jeopardize my finances. I only gamble small amounts of money, the money I'd otherwise spend on useless things like sweets, snacks, beer...
356  Bitcoin / Bitcoin Discussion / Re: Best piece of advice to anyone going into bitcoin on: December 22, 2023, 06:40:14 PM
Buy a little bit of bitcoin every week don't care if it's a $1, $5, $10,
Buying $1 every week is going to be difficult with today's fees. Also, you won't make any money investing $1 or $5 a week.
Just do the math for $5: In a year you're going to have $240, $2400 in 10 years. Even if bitcoin goes up 10x in this period, all you're going to make is less than $24k, so in 10 years you'll save up enough for a used car.

What I'm trying to say here guys, invest life changing money. You probably won't get another opportunity like this. Don't DCA $5 because it's not going to make your life better.
357  Economy / Gambling discussion / Re: How do casino owners benefit from creating multiple casinos? on: December 22, 2023, 06:28:28 PM
For the same reason why exchanges have different companies operating in different jurisdictions. It's best if their local branch is operated by a local team, the way fast food restaurants do.
If anything goes wrong that team will be responsible and the main office will distance itself from the branch.
Also, not all games are legal in all states, so they sometimes create another branch to handle sports and another to do games popular in Asian casinos.

That's a strange question. Many gamblers do not even think about who owns a particular casino, but from time to time they want a change of scenery, so they move to another casino. If the owner of the casino from which you move has several other competitively capable casinos with a good reputation, then there is a chance that you will be profitable to the same person / company. It's very simple.

That's right and then they fall victim to a casino that used to scam people and changed its name, but it's still one and the same team. It's best to know who owns the place you send your money to. It can also be said about banks.
358  Economy / Gambling discussion / Re: Can I ask for refund if casino game has bugs? on: December 22, 2023, 05:57:59 PM
You can always ask, but there's no way to tell if they'll agree to it. Their last line of defense will always be "we won't give you a refund and if you don't like it go to court."

From a legal perspective, you can demand that from a casino that is known for demanding players to return money in the past. If they did that, obviously any judge will grant you a refund too.
Whether you can get a casino to comply depends on your situation, the amount of money lost on that exact machine, how much public you can make the case... I've seen people complain that they never got a promised bug bounty because the casino claimed someone had already reported it.
359  Economy / Gambling discussion / Re: Gambling sites and current transactions fee on: December 22, 2023, 04:49:02 PM
Everything is going towards the fact that the cryptoindustry is moving in the direction of a bullish trend and it may turn out that a bearish trend will have to wait a long time. And as the price increases, the commission (transactions fee) will also increase.

That's the important thing that people are forgetting. They think they'll hold their money in exchange or a casino because they don't want to pay $50 in fees, but when ETF gets approved and we go into a FOMO rally, your fees aren't going to drop. If anything, they're going to come up. Even if they ban ordinals, but we enter into a bull run, you can expect fees to drop by 10%, but they will still be high due to increasing demand.

If you don't want to pay a lot, either use LN, or convert bitcoin to another coin if you have the ability to do it cheap, but if you do that you'll probably miss the bull run. Either way the problem is not going to fix itself.
360  Other / Politics & Society / Re: Poverty change people on: December 21, 2023, 05:46:27 PM
Oh yeah, I know what you're talking about OP. I used to have fun with my friends when we were in our 20s and we felt no pressure. All we did was study, play computer games, drink, go to parties...
Then we all went our separate ways and faced our problems. Some of us had kids, some had better jobs, while others had to look for work abroad. Some bought houses, some stayed with their parents. Fast forward 10 years and I agree that the poor became bitter. They shut down, they no longer enjoy life like those of us who had more money. They relive their younger years when they had no problems and did not care about money, but now they can't do without.

A great example of this is how girls used to look at us. None of us had cars, you could take a girl to a date and literally tell her that your father will drive you there and she didn't care, it was fine. Or you could just go for a walk and have fun. When you're in your 30s, you either have money, or you're going to feel rejected by society.
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