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3581  Economy / Gambling discussion / Re: Do you limit your gambling time? on: May 09, 2021, 04:26:03 PM
This is about how do you make sure that you are gambling in full control. There are many people who are easily brought into gambling beyond fun and that is a problem for them and also for the gambling industry, because it is for them that there are limitations in many countries.

Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?

I don't have a weekly budget of any sort but I do make sure that the amount I deposit for gambling is a non-refundable amount for myself.
This basically means that I consider the amount as lost already before I deposit so that I don't have any hopes of making any profits from it.
This way, if I win profits I get happy but if I lose the amount then I don't get sad since I had assumed the amount as lost anyway.

I don't go in debt because the amount is from my earnings. I make sure that amount I deposit for gambling is meant for leisure and fun and doesn't exceed from my regular expenses. I play with that amount until I lose it all and then take a break for a while until I can get an affordable amount to gamble again.
3582  Economy / Gambling discussion / Re: Be a Responsible Gambler on: May 09, 2021, 04:19:45 PM
Important Note : If you're jobless don't get into gambling, I'm an example. I don't have a job, and that's the reason I wasn't able to keep me deviated from gambling. Hope this helps someone.
Thank You
Oh man, really good story. One of that kind of stories that I read two times  Smiley
And I can to improve your advice: Do not gamble if you can't hold yourself. It doesn't matter do you have job or not. Because if you're easily addicted, when you will lost your job, family and friends.
your story is a good example of how things going in real life, not in casino promotion ads.
Doing simultaneous works online doesn't count right? am earning anyways  Tongue
still into gambling even though I don't have one, as long as I'm been given an opportunity then why not especially when there are bonus spins, I'd rather not hesitate lol,
as that could giving up my lucky day.

LMAO,  we can't really miss those free spins can we ?

I know it doesn't make much a difference when we have a source of income which can giveaway in gambling.
It's all in good spirit as long as we are not addicted towards gambling. Things only turn worse when we can't control ourselves from playing it.
I think you should try to test yourself too by taking a week break or so.
Yeah! And I think no one will ever waste free chances to have free money! BTW I just happened to think: what if we only rely on promotions? I mean we only play during this events I think it will be a good thing as we wont play simultaneuously each day. But the things is if these  companies were to do everyday promos lol.

Haha.  Good thought ! If not daily promos then there are so many casino sites already. Even if we try one site a day we can easily make it through a month.
And the events at least run for 2-3 days minimum. So that gives us around 2-3 months  with continuous gambling Grin
May be after that we can take a month break or so. Lol
I know things don't go as planned and definitely not in gambling.
3583  Bitcoin / Bitcoin Discussion / Re: Tesla and market manipulation crime on: May 08, 2021, 05:38:17 PM
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?

I don't think that can be considered as market manipulation because Tesla didn't tell anybody else to buy bitcoin.
The company had bought bitcoin for itself and sold the 10% of the holding when they wanted to.
If the people are reacting to their trades then it's not Tesla's fault right. We can't blame them for buying bitcoin.
3584  Bitcoin / Bitcoin Discussion / Re: The United States is increasing its bitcoin hashrate in the region. on: May 08, 2021, 05:28:35 PM
As we all know, China is a leader in bitcoin mining and is one of the most important countries in the world in bitcoin mining.
But data show he climbed into the Foundry Mining Pool in the United States in April. It is one of the top 5 pools in the world and owns 7.6% of the shares.
Also, in the data seen from the pools, we can see that the hashrate of Chinese pools has decreased.
According to the Nasdaq, Texas could become one of the most important hubs for bitcoin mining due to its supply of wind and solar energy.
Here we can see the transfer of mining power from China to USA.

Source:https://cointelegraph.com/news/signs-the-bitcoin-hashrate-is-starting-to-move-away-from-china

Not sure how much true that info is but if it is then that's actually a good news since earlier China was having the most hashrate on their side contributing to the risk of 51% attack.
Now that China has shut many mining operations the hashrate has been distributed more among the others and we can indirectly say that the network has become more decentralized.
3585  Economy / Gambling discussion / Re: Be a Responsible Gambler on: May 08, 2021, 05:15:35 PM
Important Note : If you're jobless don't get into gambling, I'm an example. I don't have a job, and that's the reason I wasn't able to keep me deviated from gambling. Hope this helps someone.
Thank You
Oh man, really good story. One of that kind of stories that I read two times  Smiley
And I can to improve your advice: Do not gamble if you can't hold yourself. It doesn't matter do you have job or not. Because if you're easily addicted, when you will lost your job, family and friends.
your story is a good example of how things going in real life, not in casino promotion ads.
Doing simultaneous works online doesn't count right? am earning anyways  Tongue
still into gambling even though I don't have one, as long as I'm been given an opportunity then why not especially when there are bonus spins, I'd rather not hesitate lol,
as that could giving up my lucky day.

LMAO,  we can't really miss those free spins can we ?

I know it doesn't make much a difference when we have a source of income which can giveaway in gambling.
It's all in good spirit as long as we are not addicted towards gambling. Things only turn worse when we can't control ourselves from playing it.
I think you should try to test yourself too by taking a week break or so.
3586  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum on the rise: Sell or HODL? on: May 07, 2021, 06:05:42 PM
It looks like Ethereum is on a non-stop road towards success as people keep pouring money into it like crazy. With several upcoming upgrades on the Ethereum blockchain, things will only get better for the native "Ether" cryptocurrency. Day by day, I'm tempted to sell all of my ETH holdings for profit. But some are saying that ETH will be worth $5k or even $10k in the future. This makes me wonder whenever now it's a good time to sell or continue "hodling" until ETH reaches the aforementioned price range.

If you were in my position, what would you do? Would you sell all of your ETH during the current bullish market? Or will you "hodl" and wait until it goes to $5k - $10k? Do you think ETH's current prices are sustainable? If not, why? Any suggestions, or recommendations will be greatly appreciated. Thanks. Smiley

I always knew that ETH has good potential and fortunately it's the only thing I invested in early.
I have made some really bad investments but ETH is not one of them.
To be honest ETH has not even started gaining yet. So many people have locked their ETH in the 2.0 staking contracts.
ETH would be gaining for 2 years straight and that is one of the reason why $10,000 is an easy target for ETH.
HOLD would be the choice. Long term growth is inevitable.
3587  Economy / Trading Discussion / Re: Investing Urge or Trading Surge on: May 07, 2021, 04:45:37 PM
If you had planned to inverse money in cryptocurrency,you should skip of stock market.If you start to believe something,kindly believe it fully and hold till it recover.Don't exchange money from the invested asset for the emergency need.It should be skipped to avoid of loss.Mostly the new traders do this and suffer a lot after the mistake.To escape from loss,patience is needed one in trading.
But, I don't think there will be any mistake if anyone will be investing/trading both in stock and crypto at a time. It means you can be successful even in these two sectors if you are planning your investments or trading properly. There is nothing here about believing in to one thing completely; you can believe into two things completely because that will be more profitable for you.

I suggest anyone to go for both investing and trading at a time because it will give you more chances to make good profits regardless of what will be the market conditions.
 

Very true !

If someone is good at both stocks as well as crypto then it's only a good thing as he will be able to gain profits from multiple sources.
It's not about belief but about what suits the needs of one and how it benefits him.
I am personally exploring both stocks and crypto and right now I am more into crypto.
Investing more and trading with a short amount for now.
3588  Economy / Gambling discussion / Re: Be a Responsible Gambler on: May 07, 2021, 03:46:20 PM
Last time she even said if something happens like this, next time I'll end my life. She said it out of anger and we have big debt. We don't have the source to repay, that's the reason. Gambling is a hell, I'm experiencing it in the world. I don't know whether being in hell will be this painful.

This should be enough reason for you not to gamble anymore. Does your girl's life not matter to you ?
Did you not think about her before gambling again ?
Whatever the circumstances are, if it comes to a point where someone's life is at stake then you shouldn't gamble bro.
You are basically gambling with her life. Even though there's a debt on you but it doesn't mean you can gamble and expect to win and repay the debt.
You should have instead used some other way to invest the $4500 and gain more out of it.
I hope you handle things well with your girl and make it up to her and find a stable way to repay the debt.
3589  Economy / Gambling discussion / Re: Be a Responsible Gambler on: May 06, 2021, 04:34:24 PM
A gambler should definitely have control over his emotions and greed to overcome the disadvantages of gambling.
It is easy to say but the others really just can't. They cannot overcome their greed because they're hooked up and the reason of it varies from each gambler.
It's the trouble of people who have trouble in gambling, but in reality, there are only few who have a gambling addiction compared to people who enjoy gambling and consider it as entertainment, that's why it's so important to be responsible while having fun, never dream of making gambling as a source of income if you don't have the capacity.

I think half of the people who gamble are addicted to gambling because most of the gamblers are broke at the end of the day.
But they still gamble the next day which shows their addiction towards gambling.
The rest half gamblers are the ones who play for fun. I am personally a seasonal gambler  Grin
I gamble for a few months and then take a break from gambling for a few months.
This way I save money half of the time and I rain money on gambling sites half of the time  Grin

3590  Bitcoin / Bitcoin Discussion / Re: My feelings after 11 years with crypto. on: May 06, 2021, 04:23:27 PM
Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.


It's very unfortunate that you had to go through such hard times but brother, you shouldn't get discouraged.
You did the right thing. You used your money when you had to and that's what we should do.
Nobody knew at that time that crypto would grow so much so soon otherwise everyone would have hold on to their crypto.
Yes you could have borrowed money but everything comes with it's own pros and cons.
Even I had sold a large chunk of my crypto in the past but I am not discouraged because we are still in it.
You can still buy some crypto and hold on to it for a few years to get some decent profits.


3591  Bitcoin / Bitcoin Discussion / Re: What is the Reason BTC must be so slow? on: May 06, 2021, 04:16:33 PM
Decreasing block time to get faster confirmations doesn't actually solve the problem. Drop the block time to 1 minute, and you now need 10 confirmations to be as secure as a transaction with 1 confirmation at the moment. That's why coins like Litecoin or Bcash might seem fast, but actually days to reach the same security that bitcoin does in 6 confirmations. Not to mention problems with higher rates of conflicting blocks, stale blocks, double spends, etc.

That seems weird because Solana has 0.4 seconds block time. Does it means it is less secure ?
I am not promoting any coin here but it's a genuine doubt.
I know that the number of confirmations needed would be more since the block timing would be less.
But how will it be "less secure" if the block timing is less ? I am not sure how secure Solana is  Huh
3592  Other / Beginners & Help / Re: What's the mathematical puzzle miner solve? on: May 05, 2021, 05:09:09 PM
You made it more complicated rather than making it simpler Tongue
It is also not about "leading zeros" but a very simple integer comparison where we want a to be smaller than or equal to b and for example 0035 is bigger than 0031 and is rejected even though both have 2 leading zeros.

A simple explanation of mining IMO would be to compare it with rolling a dice.
Imagine if you wanted to get a number that is smaller than 3. You roll the dice and you have a chance of getting 2 and win on your first try but if you get something bigger like 5 you have to roll again. You do this random work of rolling the dice until you get a number that is smaller than or equal to your target.
That's mining. The only "math" in it is the integer comparison.

Lol, I guess I am really bad at explaining stuff  Tongue

Thanks for posting this. This thread has made me more aware of the mining part now.

Also, I didn't know that the difficulty is inversely proportional to the target required to mine the block.
Can you or someone explain how is the difficulty calculated with respect to the target?
3593  Other / Beginners & Help / Re: What will happen after all bitcoin are mined on: May 04, 2021, 10:49:26 AM
I am just thinking about this, I believe block reward might be the cause of most bitcoin communities not agreeing for some ways to increase transaction time to be able to get faster transaction with low fee. But I am thinking of the future when block reward is not having any effect compared to transaction fee.

But to more specific, there will be a time when all bitcoin would have been mined, during the time, will the time miners will be confirming transaction reduce from 10 minutes to 1s or a time lesser than a second. The reason is that the whole block reward scenerio will not be a reason at the time not to reduce the time for bitcoin transaction confirmation.

I do not know how bitcoin network will work at that time, but I think it can happen, it will make scalability issue to totally ans finally be solved at the time.

What is your opinion?

According to me, only those miners will continue mining who are interested to earn bitcoins out of the transaction fees.
Not many will be interested in this since LN will probably be well established and people will be making transactions on the second layer.
Very few transactions will be done on the bitcoin blockchain. This will decrease the number of miners and hence the difficulty will reduce.

Since the block rewards will be vanished very few miners will remain active and continue to receive bitcoins from transaction fees.
This will stabilize the network a lot I guess.
3594  Other / Beginners & Help / Re: Why people are scared to use their crypto? on: May 04, 2021, 10:42:31 AM
If anyone screws your PayPal account, you will go and complain to PP, they can track funds and probably you will get yours back.
The same thing can be in case If anyone screws you with bank transfer, you can ask from bank to stop this transfer.

The cops and cyber crime won't even care if the amount of money lost is below their threshold.
It has to be huge amount of money involved only then there are chances of recovering the amount.
Even then, they won't guarantee to refund the whole amount. Most times it's just 50% - 75% of the amount is recovered.

But yeah once money is gone in crypto, it's gone and that's one disadvantage of being your own bank Grin
3595  Other / Beginners & Help / Re: What's the mathematical puzzle miner solve? on: May 04, 2021, 10:20:56 AM
When we read article on mining, we get a term "solving mathematical puzzle". To get a block, miner needs to solve the mathematical puzzle and whoever can solve the puzzle will be able to get a block and thus the reward (I can be wrong technically, this is what I know).
What's this puzzle all about? What do miner exactly solve? Please try to avoid technical term if possible, I would like to know in easy way.

I will try to keep this simple.
To understand the puzzle you will first have to understand how the SHA256 algorithm works.

Each block contains a merkle root, block header, block size, transactions, transaction count, nonce etc...
A miner uses his hashing power to generate hash of a block. This is where the SHA256 hashing algorithm comes into picture.
Example: https://www.blockchain.com/btc/block/0000000000000000000ab0825fc30cf2844723262e0c0f2bfd048b2e752029da

The mathematical puzzle which the bitcoin miners solve are nothing but the hash with required number of leading zeroes.
The number of leading zeroes are determined based on the difficulty and when a miner finds out the particular hash, it signals the other miners regarding the same thus claiming the block rewards.
3596  Bitcoin / Bitcoin Discussion / Re: The problem is that it could take again many years to recover on: May 03, 2021, 05:43:32 PM
I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.

May be
May be not

There are two possibilities

1. Long bears are followed by long bulls - in this case what you said might be true

2. The previous bear trends were completely due to panic sellers and weak hands.
This time the institutional investors are here and it's kinda hard for long bears to occur again unless they leave the market.
Most of the corrections in last 8 months were short-lived and bought by the traders.
3597  Bitcoin / Bitcoin Discussion / Re: chances of bank closing account if you buy bitcoin on: May 03, 2021, 05:38:06 PM
What are the chances of a bank closing your account if you buy bitcoin? i have heard people say they closed down their bank account for buying bitcoin, but this might have been a few years ago. he only said they closed his account, there is no chance of them taking all the money in your account, correct?

The least thing bankers can do is "freeze" the bank account. This only happens when the country you live in has either restricted cryptocurrencies or has no law over it.
If the latter then it depends on the banks whether they want to support cryptocurrency related fiat transactions or not.
Even if that's the case and the bank doesn't support crypto related fiat transactions then all they can do is "freeze" the amount in your bank.
They do not have the rights to access your funds or dissolve your funds. In this case you can go to the bank and get your funds withdrawn either by closing the bank account or by giving them assurance of not doing crypto transactions again.
3598  Economy / Exchanges / Re: buying bitcoin to buy hard wallet on: May 03, 2021, 05:27:13 PM
In that report it says "Use a resolution of the screen bellow 1600x1024 and press Ctrl+f to open the Bisq Filter tool." What does the filter tool have to do with it, I saw nothing in their that would fix the probem,

That page just says how to reproduce the given issue. It doesn't show any way to fix the problem yet.
I tried installing the app on my laptop and everything seems to be fine. I tried to reproduce the issue but everything was working.
Yes, I agree there were many popups and it were terribly slow. But I was able to scroll.
May be you have a slow internet connection or a low end machine which is taking longer to load the page ?
In every pop-up there was a button to close the popup. Try hitting the "tab" button on your keyboard to see if it takes you to the "Close" button and then hit "enter".
3599  Bitcoin / Bitcoin Discussion / Re: Government Controls Crypto? on: May 03, 2021, 05:04:55 PM
Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they? Maybe not directly but indirectly controlled?

It all depends on the perspective. Governments cannot control crypto directly since they are not the one who developed it.
They don't any access over the specific blockchain network. What they can do though is that they can restrict the company from operating in that locality.
But still the company has the option to operate the network from countries which are crypto friendly.
So yeah, Government cannot control crypto directly.
3600  Economy / Games and rounds / Re: 🔍 Roobet.com | Guess Total Wagers #145 $50 Prize | $1600+ Progressive Jackpot on: May 02, 2021, 04:22:45 PM
buzz08

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