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341  Economy / Economics / Re: Why own stock if You can own the stocks of the Federal reserve on: May 29, 2021, 06:38:59 PM
So if You own Bitcoin You get payed dividens as a share holder of the Central banks production.
I don't understand where have you taken this logic but we as bitcoin holders, we're not a shareholder and we don't get paid with dividends coming from the production of money by the banks. Well, I think you're talking about the injected money of the USA during this pandemic and it could really be one of the reasons why the market has been up ever since it has happened. But don't get it wrong, we're not receiving any dividends instead, we're getting profit if the price of bitcoin goes up. You may say that it's the same but it's not.
I think the OP meant it as a metaphor, not direct dividents. With such a decision from Biden to increase a plan for federal government expenditures the price of Bitcoin will only be rising during 2022.
Quote
Bitcoin has no top because fiat has no bottom
Nipped it out from the article, nice expression.
342  Economy / Gambling discussion / Re: YOUR FAVORITE GAMBLING? on: May 29, 2021, 04:29:46 PM
I also play crash from time to time, I think this one is only for fun, I'm not making any profit with it, but not losing either, but it takes some nerves and brings emotions, I like that
Oh, why not profit? I think it's pretty easy to get a quick profit, just a bit of luck  Cheesy it's fun, it's very fun  Cheesy but anyway, i'm glad you like it  Cheesy
Exactly, luck we can't control, I guess  Cheesy
I tried out some strategies, like playing on a low multiplier (1.2-1.5), but to make a profit from that I had to increase bets and then. one moment, when you've made a substantial profit, this happens.....the rocket "crashes" at 0 level and you lose a lot. Then again incremental increase, then sudden loss. That's why. in general, I'm in 0. But, like I said, it's a lot of fun.
Also, contrary to what you said about not playing in the auto mode, I think auto is the only way for most people to hit a very high multiplier. Otherwise, you will want to cash out at 10 or 20, because that's already very high. But only if you set auto for, say, a 100 and just go away and try to relax Grin you will actually reach it and get the highest profit. At least that's true for me.
343  Bitcoin / Bitcoin Discussion / Re: China bans mining is good for Bitcoin on: May 29, 2021, 03:36:51 PM
Are we going in that direction though? China has banned exchanges and everything else but mining. For all we know, it's only Inner Mongolia that enforced a full ban, including mining. I think that if China wanted to ban mining activity, they would've done it by now, what's there to stop them?

In any case, if they indeed prohibit mining, this activity will simply be moved someplace else, and the localization of mining is of 0 importance in regards to the price, so you're right, the effect will only be short-term.
344  Economy / Gambling discussion / Re: Where to seek help if you need; concerned with gambling addiction. on: May 28, 2021, 11:58:40 PM
Personally, one of the best (if not the best) support system that a gambler could seek for would be his/her immediate family and peers. No one understands more than the gambler than his family or friends. No matter what happens, family will always be the one who would support and seek guidance in order to get through this rough road.

In the event that the family is unavailable, I would advice to seek some local government or NGOs that support addiction in general. They provide workshops and other relevant activities that would transform your addiction and re-focus such into other recreational activities.

That's the sad part about it, most of the time, your family is the one who will say bad things about you because of your addiction, instead of helping they will discourage you on everything you'll do to change yourself. So the normal response of our body is to listen to them, and make ourselves even more helpless and hopeless, therefore you'll never think of asking help to other people because your mind would say "they are not going to help you too".
Yeah, it happens a lot with gamblers: people turn their backs on them when something terrible happens. And I think that says more about the society we live in and the whole perception of gambling. Many family members fail to understand that addiction is a disease, and they should neither encourage nor condemn for that, but rather truly try and help.
Also, I think it says a lot about one's family, and the person with such "support" during difficult times maybe should reconsider whom to include in the closest circle and avoid this toxicity, which families can bring upon their members, it only makes things worse.
345  Economy / Gambling discussion / Re: YOUR FAVORITE GAMBLING? on: May 28, 2021, 11:28:18 PM
Dice would still be the number 1 game for me. There’s not much intricacies and complications involved in the game and it’s just really putting your money and luck to work. You can stay hours and hours on the same session with only a couple of bucks as a budget and still get a lot of thrill and excitement on every roll—at least for me. 6 years in and I’m still enjoying such a simple game that has brought me hundreds of hours of excitement and entertainment.
These games are my favorite before when it comes to gambling but now, I switched to sports betting since you only have to do is bet and then leave for a while.
The whole sports betting itself takes less time than games like dice, slots, or even poker, which can take hours. But doesn't it also take time to analyze the possible game outcomes if you really want to win? Search the odds, find some additional info about the team. I myself bet on sports, but don't watch sports games on a regular basis, which is why sports betting can be even more time-consuming than other games Sad
346  Economy / Gambling discussion / Re: Goldxbtc.com fake gambling website.. on: May 28, 2021, 11:06:09 PM
But from the images it would be difficult to dictate if such a person is really a scammer or not and so many might give in to his offer since it looks very real and welcoming.

Here's an example of a user that can easily fall into the trap. There's no such thing as "difficult" if you will let your common sense do the job for you. Just by analyzing carefully what's the offer, you should have an obvious approach.

I suggest becoming more vigilant about what you encounter on the internet.

Where did you receive this message?

It's on Telegram based on the screenshot posted. But anyhow, the approach should always be the same whatever the platform used is by these scammers.

For some reason, it seems that Telegram is a very popular platform among these scammers. It's not the first time someone shares such an experience about an offer to bet on rigged games, where the person in the chat allegedly knows the outcome.
But no matter, the important thing here is critical thinking, which many people avoid (if these spammers keep attracting users, this means sometimes these schemes work!).
People should analyze: Why would that person suggest collab and risk discovering this unlawful activity for 50%, when he can take the whole 100%?
But they just ignore that, which is why, I think, the best option here is don't even open these chats and directly block when someone sees smth of the sort, this will rid people of temptation, powered by greed.
347  Economy / Economics / Re: The Downfall of TSLA on: May 28, 2021, 10:31:13 PM
The fact TSLA is valued more then all the auto manufactures combined is absurd. You're naive to think big auto is just going to sit on the sidelines. Big auto has the infrastructure and production lines to mass produce fully electric vehicles for a fraction of the cost of a TSLA, something TSLA will never be able do. Ford is already leading the charge with the F-150 Lightning and converting old factories into fully electric vehicle production plants. TSLA is just as overhyped as Elon Musk.

Tesla has immense future potential. With fossil fuel reserves are depleting fast and the price is becoming unreasonably high for the car owners, Electric cars are the answer to all these problems. Tesla has not yet started marketing or selling their cars to every country in the world. But a time will come when Tesla will try to penetrate the majority of the countries with their electric cars.

I believe that Tesla stock is still undervalued considering the future potential it has. This downfall is temporary just like bitcoin.
What you're saying is true, only you've forgotten about, perhaps, the most crucial part in any business - competitors. Though we have to admit, Musk definitely has a name and his word means a lot, this, however, doesn't exclude cars like Nissan Leaf, Chevy Bolt or EV by Volkswagen.
Having Tesla is prestigious, but it is also pretty expensive, so many people can prefer other models over Tesla if their true intentions are to care for the environment and not the show-off. 
348  Economy / Economics / Re: Crypto vs Fiat on: May 28, 2021, 09:55:26 PM
Wait-wait, how did we jump from gold straight to crypto? Are you suggesting that crypto is as good an instrument for hedging inflation as gold? Then I'm about to disappoint you...
First of all, gold isn't such a good hedge, it's been shown many times. Secondly, crypto is even something riskier.
Yes, Bitcoin can be up by 400% anytime soon, but have you considered that it's as likely to be down? No matter how much you believe in crypto, you have to be rational. Putting all assets at stake is irrational, IMO.
349  Bitcoin / Bitcoin Discussion / Re: No One Can Shut Down Bitcoin on: May 28, 2021, 09:26:39 PM
He's 100% right, Bitcoin can't be destroyed. Paradoxically, local restrictions in different countries may even lead to the increased price, because the hodlers won't be able to sell.
Also, people will always have access to Bitcoin through darknet or make transactions using hardware wallets. The only thing the govs can actually affect is exchanges, so this limits the ability to withdraw. I think such bans will lead to the emergence and spread of underground exchanges. Bitcoin will live!
350  Bitcoin / Bitcoin Discussion / Re: Iran bans Bitcoin too on: May 28, 2021, 12:23:58 AM
Iran has long had (since 2018) a banking ban for Bitcoin, which prohibited any financial institutions to get involved with crypto. So I figure they never were much of fans. Basically, all they needed is a little push, a sign after which they would enforce a full ban.
And taking into account close economic relations between Iran and China (supported by the fact, that China put in billions of dollars to help Iran develop the oil industry) we can assume that there had been some kind of inside agreement between these countries, that made Iran follow the lead.
351  Economy / Gambling discussion / Re: An alternative to Poker on: May 27, 2021, 11:49:47 PM
What I have find so far is a statistics claiming that your game is based on 20% luck and 80% skill. I dont know if this is true or not, but I think it is definitely worth to analyse it.

I will put it like 90% skill because even with bad cards, you can turn the table. I'm a hardcore tong-its player before lol and already played it several times in actual gambling. I check the link but some steps are quite different to what I used to like, max players stated was 3 but it can be played up to 4 and being a dealer doesn't have any impact on the game so no need for dice or so to choose who will be the dealer.

Not sure but maybe there are other variants of that game in other regions just as other card games.
In my opinion 90% skill is maybe already too much. Let me explain it: In chess the bad player would never play against a better opponent without a handicap. If we involve a portion of luck here (maybe just 1% steps) the likelihood increases.
I get your idea, but chess is a 100% skill game (maybe 99% if we assume that nothing can be devoid of the element of luck), then why 90% for poker is too much?
Basically, in chess, both of the players are in the same conditions, that's why everything depends on the strategy while in poker, at the first sight, people can different cards, which is why luck plays its part too.
But in the long run, are the hands that different? It's the same cards, it's the same rules and many-many deals, so, eventually, by the end of the game, all of the players would have been in both bad and good conditions for the win, right?
And with a good amount of skill you can even win with bad cards (that's what harizen what pointing out). So I'd say it can even be higher, than 90% skill  Cheesy
352  Economy / Economics / Re: Understanding a bear market. on: May 27, 2021, 11:16:00 PM
While buying NOT at the very lowest point of the bottom might result in getting less profit in the end, the profit still will be, right? Because it's a bear market, which means that sooner or later the price will recover, the only risk here - is not to be patient enough to wait for that moment. But can it be considered as "loss", if the person bought not at the lowest price, but still ended up making a good profit?

As for me, I personally wait for the moment when the price starts to go up a little at a stable rate, which's generally a good sign, that the previous point was the lowest. Yes, with this approach you won't buy the lowest, but you're also avoiding the risk of buying at the high point of the slope.
353  Economy / Gambling discussion / Re: YOUR FAVORITE GAMBLING? on: May 27, 2021, 10:57:11 PM
My gambling preferences changed over time. At first, I was most into dice but turned out kinda bad for me, I was losing a lot. Then I got familiar with card games, especially poker. That is, to date, my favorite, I like that it not only depends on chance, but you can actually learn and improve.
I also play crash from time to time, I think this one is only for fun, I'm not making any profit with it, but not losing either, but it takes some nerves and brings emotions, I like that. I don't know blast, but from what I see on the picture and judging from your description it looks just like crash (and the name is kind of similar).
Also sometimes I do slots, but they're very addictive, so I try to stay away from that one Cheesy
354  Economy / Gambling discussion / Re: Would you bet on Medieval MMA? on: May 27, 2021, 10:20:54 PM
Wow, looks both dangerous and exciting! I didn't know such a competition existed. I knew there are certain people, e.g. Tolkien fans that participate in Medieval-like fights, but that's just for fun, maybe small groups even make bets, but you can bet on anything when it comes to a close circle of people.
Now, this is a whole new level, and it must be entertaining to watch. However, I'm not sure how to place bets in such competitions, especially when there's 150 vs 150, it's too difficult to evaluate the strength, the chances of winning, as this is not a common sport.
355  Bitcoin / Bitcoin Discussion / Re: What do you think of your first contact with BTC? on: May 27, 2021, 09:52:45 PM
It's not the only difference, e-payment and BTC are so different it's not ever right to compare them. It's a whole new system, a new era, the only common thing with e-payment and BTC is that they both payments aren't done physically, but e-payment is, essentially, fiat, only transferred in a specific way, while Bitcoin isn't just a form of payment.
- PoW (Bitcoin) vs PoS (e-money), makes Bitcoin less vulnerable to attacks and manipulation attempts
- limited amount of BTC coins vs the potentially unlimited amount of fiat
- runs on a blockchain system
- decentralized
- no third-party verification of transactions (which is why, if you stick to certain rules and use mixers you can avoid tracing)
- total control over your funds
- many use it as an investment, by many countries Bitcoin is considered an asset, rather than a form of payment
The list can go on, but, I think, you can see the extent of the difference at this point.
356  Bitcoin / Bitcoin Discussion / Re: Is someone worried about the recent decline of BTC? on: May 26, 2021, 11:25:59 PM
Not in the slightest, it's happened so many times already that people should be "immune" to such things. I really don't get where all the panic comes from, haven't we been through this, like, a dozen times? In fact, I'm waiting for the BTC to drop a little more to buy lower, it's a really good opportunity now for hodlers.
But I don't envy people that need to withdraw BTC this instant and don't have much choice. I think, in such a situation, maybe it's even better to borrow money and wait through this decline than withdraw.
357  Economy / Economics / Re: Is Bitcoin Naturally Defined By 4 Year Boom And Bust Cycles on: May 26, 2021, 11:05:54 PM
Though it is said "Once an accident, twice a coincidence, three times a pattern", strange as it may sound..might it be just a coincidence this time? I just don't see any logical explanation behind these 4-year periods. But what isn't a coincidence is China's involvement in all this. Honestly, up until now, I didn't realize that they were going against crypto all along.
And regarding halving, though it is known that Bitcoin price naturally goes up after each halving, we can see that in all these years the real surge in price was caused rather by something political, social, than technical.
358  Economy / Gambling discussion / Re: What online betting company you know gave you a b'day present? on: May 26, 2021, 10:46:39 PM
I haven't received such gifts, as many here, and I think the reason for that is that gambling sites rarely require you to do an ID verification and since you got a bd they probably asked for that, right? Gambling is illegal in many countries, so not many people would want to declare identity.
But it's good that you got your present. I constantly see 1xbet ads, but never tried that because of the bad reviews, many complaints about payoffs, etc. Did you have any problems with that?
359  Economy / Economics / Re: Bitcoin As a Payment Method Against Other Payment Network on: May 26, 2021, 10:04:41 PM
I guess this is an outdated Bachelor thesis, in such a case Cheesy
I don't know how is it possible that you're so much out of step since all the world talks about what Musk is doing, it's all over the news. Simply go through the threads here for the past month and you'll see how much things have changed.
360  Bitcoin / Bitcoin Discussion / Re: Inner Mongolia strictly reinforces Beijing’s Bitcoin mining ban on: May 26, 2021, 09:40:50 PM
The way I see it, such decisions will only harm China and Inner Mongolia, so there's nothing to worry about. This will either lead to the relocation of miners to other spots, where mining is legal, or they will be substituted with others. It's a very competitive field right now, so when someone drops out of the game there will be plenty to take their places.
I wonder what will China do about mining, clearly, they are against any crypto-related activity, on the other hand, just enforcing a ban like that won't be easy for a country that accounts for >60% of all the Bitcoin mining.
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