Probably lack of support for a price above 45K, which leads to many traders selling BTC at 45K and cashing in the profits. This leads to a wave to automatic stop loss orders, which pushed the price down. This Matrixport Report has been pointed as a big FUD factors in the last few days, but I don't believe it. How can the creators of the report know about the SEC rejecting the Bitcoin Spot ETF before there's an actual decision? Does someone have insider information about the SEC decision? Anyway, the price pump from 30K to 45K was clearly caused by the anticipation of a Bitcoin Spot ETF approval. If the ETF gets rejected, I think that the BTC price will get down to 30K(which isn't necessarily bad). I expect the real bull run to begin several months after the 2024 BTC halving. |
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Do not desire your own money. It turns you from a producer to a consumer.
Do not desire the money of others. Envy is a deadly sin. Because it will distract you from your own mission.
Do not desire the money you will make in the future. Desire good work right now, You don't want cash in, you want to serve.
Meh. This sounds like BS to me. It was probably plagiarized out of any random "How to become rich" self-help book from a mediocre author.  1.You can't become rich, if you are not greedy. Greed is the first step towards the desire to become rich. 2.I agree that being envy is a big sin. And a really toxic one. The people, who are envy rarely succeed. 3.Rich people don't become rich by doing "good work right now" and by "serving" other people. They become rich by innovating and by outperforming the competitors. This can be done by hard work, but working smarter is better than working harder. |
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I have come across Local gamblers who are addicted to gambling and had ruined their selves by themselves til they ran bankrupt yet they borrows money to gamble at all means even While being indebted.
Theses sets of gamblers doesn't have remorse nor conscience about their gambling lifestyles instead their friends and relatives are the ones who bears the shameful consequences the addicted gambler brought to their circle of relationships.
At the virtue of getting the unbearable situations to an end, the relatives broadcasts the chronic addicted gambler at all costs of gambling boards never to give him privileges to gamble in any of the Gambling arenas anymore else they (the relatives) would sue the gambling boards owner.
This is just how recklessness could mess your life of you can't take control to gamble responsibly.
Take note and be aware that your way of gambling could affect your relationships and the circle of your relatives.
What if the gambling addict is an playing online? I guess that the family and relatives could try to block his internet connection and take away his computer and smartphone. Suing offline casinos for letting gambling addicts to gamble seems pointless to me. No court is going to decide such case in favor of the gambler's family. The thing you are writing about can be applied to any form of addiction. At some point, you drown so deep in the addiction that it affects your family. This is the worst part. Damaging the lives of your parents, brothers, sisters, significant other and kids due to your addiction is the most embarrassing thing that could ever happen to an addict. That's why I will never let myself get addicted to anything(not just gambling). |
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Do you really think it was all about Matrixport's report saying all bitcoin spot ETFs will be rejected by the SEC? No, not at all, it's all a game plan, a strategy to make us panic short and spot sell our bitcoins. Stop being a crypto noob and don't overthink about every price movement. It's normal for Bitcoin to have a volatile price. You are coming up with the conspiracy theory, that someone is manipulating the market by creating false panic. This might be true, but it might be a lie. Do you have any verified information to back up your theory? If you don't, then this is just spreading rumors and gossips about "the crypto whales want to manipulate the price and steal money from the average Joe" type of BS. The BTC price went from 45K to 43K and now it's sitting at around 44K. There's no reason to be obsessed with such small fluctuations. |
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The other day someone was talking about how he hates gambling as it nearly ruined his life, and within my mind I was like, no it was not gambling that nearly ruined you it was actually you that tried to ruin your life and that's because you refused to gamble responsibly and discipline yourself by not been capable of differentiating money meant for gambling from money meant for other projects in your life.
Why do people blame gamble for their own act of irresponsibility. No one is talking about their own part in their story of bad experience's with gambling, all we get to hear is gambling is bad and a useless activity. Why?
1.Blaming someone else(or something else) for your own failures is easier. That's human nature and you can't change it. 2.Do you try to push the narrative that gambling should not be blamed for gambling addicts ruining their lives? Yeah, gambling is perfect, it's only you, who should be blamed, when you get addicted and you waste all your money.  I think that that the blame should be shared between the gambling industry and the gamblers, who lose self-control and become addicted. Unfortunately, gambling in one of the industries, that make the most money out of the weak-minded and emotionally unstable people. This cannot be changed. This is the sad reality. I don't hate gambling in general, but we can't just pretend that the gambling industry is perfect that getting addicted is only a problem for the addicts. Addiction is a problem for the entire society. |
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This is a common system that some that are into gambling use... it's a system where you double your bet after each loss in hopes of getting back or recovering previous losses when you eventually make profit..it might not be beneficial to everyone
Before venturing into this system make sure you have a significant bankroll, cause you may need to stake larger amounts to recover losses
You can't do this without having enough funds to spare.
Exploring this system doesn't always guarantee 100 percent success..many have lost a lot with this system and many have also made a
Lot of profit from it.. remember to always stake what you can afford and set limits for yourself
I would like get more ideas from my readers
Thanks for reading
This is forum post number 12494905 about martingale. Do you want to add anything new to the discussion? What "more ideas" do you want to get from the forum members? All the info about martingale is available online for free. Just do a search and read it. There's no secret twist that will make martingale work or increase it's chances for winning. My advice would be to never stick to martingale. Just try to be as random as possible in your bets. Sometimes you can apply the martingale tactic of making a double bet after you lose, but don't repeat it too often. Sometimes you might get lucky, but in the long run you will lose(which is fine). |
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We aim to gather a community of those who want to be involved in the project from the very beginning. We need like-minded people to help us develop and improve MOTU. We are looking for designers, community managers, investors and anyone else who is willing to contribute to the creation of this unique world. Perhaps you need to move this forum thread to the Project Development forum, since you are looking for developers, designers, community managers and investors. Do you plan to create another "Play-to-Earn" platform? I have to warn you that P2E platforms simply cannot survive in the long run, due to the "ponzi scheme" model they have. More players means higher value of the in-game currency, which stimulates the players to invite more and more people into the platform. At the end of the day, everything collapses, mostly because it was a financial bubble right from the beginning. I hope that your game will be somewhat entertaining to play. All the P2E games like Axie Infinity were totally boring. |
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I see some slot providers are offering slot games with "enhanced RTP" or even a option to increase the bet amount to increase the chances of you hitting the FREE spin feature.
Do you actually believe that this is a real feature and that it does give you a higher chance to win? I think it might be real, but it is insignificantly higher than your normal RTP. ( 0.5% to 1% better )
Have you played these games and have you seen any difference in your win percentage?
I don't trust this so called "feature". It seems to me that this is just another buzzword or cheap marketing gimmick, made to mislead more gamblers into playing slots. I'm not a fan of slots and such "feature" cannot make wanna play a particular slots game in a particular casino. It would be nice if you mention which casinos are offering this "enhanced RTP" opportunity. Maybe we could decide whether or not this feature is legit based on the reviews and trustworthiness of the crypto casinos, that are offering enhanced RTP. |
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Do you really believe that all the Bitcoiners know who this Jim Cramer guy is and they base their buying/selling decisions on his ridiculous predictions? I don't know Jim Cramer and I don't trust all those "buy this stock because bla bla bla..." famous TV hosts in the USA. Maybe some crypto whales are taking Cramer seriously(in the opposite way ) or maybe there's not enough support for a 45K USD price and many traders simply decided to sell some BTC and take the profits before a price crash occurs. Do you really think that, if Jim Cramer says "Bitcoin is garbage!", the BTC price will hit 50K USD in no time? I don't believe in this BS. |
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Looks like 1 long year has passed, and we said goodbye to 2023 and entered the new year 2024. We are only waiting for 2024 for Bitcoin because this year is going to be one of the best year for Bitcoin. Where the block reward of Bitcoin will decrease from BTC6.25 to BTC3.125 and at that time we will see more demand for Bitcoin, and expect a gradual change in the Bitcoin market.
As Bitcoin halving is only 112 days away, we are looking forward to that time. All bitcoin investors only wait for bitcoin bull season. And the bull season usually starts after the halving as we know it, so I think there is a golden opportunity right now to just hodl Bitcoin.
All bitcoiners get ready to hodl your BTC success is waiting for you ahead.
There's no direct correlation between the mining reward drop and an increase in the demand for Bitcoins. There's only a hype, that every time a BTC halving occurs, the price hits a new ATH after several months. There's no guarantee that a new ATH will happen, but I'm optimistic that there will be several factors in 2024-205, which will help for a strong bull run. Factors like the war in Ukraine coming to an end and the central banks deciding to drop the interest rates and to return quantitative easing. Trump winning the US presidential elections can also be a bullish sign(even though Trump is anti-crypto). His presidential mandate back in 2017-2021 was a good time for Bitcoin/crypto. |
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Coinweb says that the total number of crypto wallets worldwide is 84.02 million, a significant portion of users from Europe and the U.S. That makes for 420+ million crypto users. Where did you come up with the number 420 million? 84 million crypto wallets doesn't mean 84 million crypto users. One crypto user could have multiple wallets. Anyway, yet another forum post comparing cryptocurrencies to big corporations in terms of market cap. I feel like this is the 1000th forum post about this subject. OK, Bitcoin has a market cap, that is bigger than the market cap of some big corporations. And so what? Bitcoin is a currency, not a company. Why do you have to compare it with companies? BlackRock operates funds, which are worth several trillion USD. Does that make BlackRock the most influential corporation in the world? Maybe. Who knows? |
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I was impressed with Liverpool defeating Newcastle 4-2. It seems like Newcastle is getting out of their top performance and they might not be able to keep their place in Top 4. Liverpool was very effective in attack(and yes, the simulation by Diogo Jota was ridiculous). I hope that Salah isn't heavily injured and he will recover soon. Let's wait and see for how long Liverpool will keep a consistent top performance. Arsenal and Manchester City also fail to be consistent, so I can't make a clear prediction which team is going to win the Premier League.
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The great difference between Bitcoin and the Internet is that Internet has enormous utility. The only utility of Bitcoin I can think of is the ability to act as a store of value(and a medium of exchange, but not many people are willing to pay with BTC every day). Years ago, many crypto enthusiasts were confident that blockchain technology will be adopted in various different industries like healthcare, insurance, real estate, etc. Guess what, it didn't happen. Maybe the blockchain technology is simply a "glorified spreadsheet" just like the crypto haters keep saying. |
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Iran and Russia both are big source of oil, supplying oil to many countries. Both countries are economically strong and have a very good relationship. Russia is also part of BRICS while Iran will join in the Jan 2024. Now news come out that both countries are trying to ditch US dollar for which they have now planned to trade in local currencies. what do you think this movement will help both countries? will It has any bad impact on US dollar? Why do I have the feeling that this is old news from 2022? Everybody knows that Russia and Iran are anti-USA. Ditching the US dollar seems like common sense for those two countries, especially after all the western sanctions, that were imposed over both Russia and Iran. Will this move help both countries? I don't think that it will have any major impact over their economies. The economies of Russia and Iran will be fine with or without the US dollar. Will this move have any impact over the US dollar? I guess that it might have a small negative impact. The US dollar won't collapse anytime soon, but it's role in global trading will decrease slowly. |
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I was thinking of starting something like a Powerball it basically follows all the same rules with the exception that the tickets are digital and instead of paying with dollars you would pay with BTC it will be fully legal backed by the BTC community would anyone participate in this is just a questioneer I want to hear peoples opinions
This is probably the 1000th forum thread about Bitcoin/crypto lotteries. Do you really think that your idea is groundbreaking and original? 1000 people have discussed the idea of a Bitcoin lottery before. You don't add anything new to the discussion. What do you mean by "fully legal backed by the BTC community"? This sounds like nonsense to me. The BTC community cannot "legally back" anything. It would be nice, if someone creates a truly decentralized crypto lottery, but it's not going to happen anytime soon. By "truly decentralized" I mean a lottery, where you don't have to trust a third party with your crypto and the way winners are picked is truly transparent and proven to be completely random. |
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At the bookstore today I saw some book about the rise and fall of crypto. On the front cover it was saying crypto went mainstream in 2021 and then collapsed in 2022 culminating in the FTX collapse. The book was definitely partially about the FTX collapse, but it also referred to the entire market as having collapsed, hence the "Fall" part of rise and fall. The final sentence on the front cover mentioned something about the collective delusion that led to this rise and fall of the $3 trillion market. Would you mind sharing with us more info about the book and the author? Why do you want to keep the book name and the author name a secret? I can assume that this book was written back in 2022 and it's currently outdated. A lot of crypto haters are making the mistake of linking the crypto price drops with the doom of the entire crypto market. They also make the mistake of thinking that the collapse of a big crypto exchange would lead to the collapse of the entire cryptocurrency market. It's like thinking that the e-commerce industry is going to collapse just because Amazon or eBay go bankrupt. Total nonsense, if you ask me. Anyway, the haters gonna hate, no matter what. |
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The banks rewarding the borrowers? Are you kidding me? The big retail companies like Amazon are making money out of the online shoppers. Do you think that Amazon is going to reward the online shoppers? Do you really understand how capitalism works? The banks are making most of their money via fees, commissions and dividends from their investments. The loan interest rates are a part of their revenue, but not the biggest part. Burning your house, which is under mortgage won't change anything, because the bank will sell the land under the burned house and in most countries, the borrower has to repay the rest of the mortgage loan, even after the bank sells the property. When you borrow money, you have to play by the rules, that were set by the bank. There's no way around this. |
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Sometimes people are always addicted to playing gambling online and this has made them loss alot of funds, due to always topping up theire casino account with there debit card when they loose. and this usually makes them exhaust all there funds.
While those people playing offline in casino halls play with only the little money they have at hand, and that will reduce the risk of over spending. So now my question is this
Playing online or offline gambling which is more preferable in terms of risk reduction?
Why do you think that the people visiting offline casinos have little money? What if they use their debit/credit cards at the offline casino? I don't think that there's a big difference between offline and online casinos, from the gambling addict's perspective. Both can be a great place to waste your money. Both types of casinos can find legal(or illegal) ways to scam their gamblers. I know from personal experience, that the slot and roulette machines on offline casinos are rigged in maybe about 95% of all offline casinos. |
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In a previous post, I share how I have been struggling to HODL BTC long term: https://bitcointalk.org/index.php?topic=5479795.0. I received a lot of helpful insights that showed me that HODLING long term is possible without the attendant financial stress. One of the most common suggestions is a change in lifestyle. I was also encouraged by the story of the Chicken Man, the Bitcoiner who sold his big house and moved his family to live in a school bus. Not sure that I can do that. I really do not consider myself a lavish person since I never flew a first class. Nevertheless, I can skip coffee breaks to buy bitcoins. Here is my plan: Option 1 Buy small amounts of $30 daily through 2024. Option 2 Buy based on the price of Bitcoin at the time of purchase. Say $45 if Bitcoin was trading at $45,000 and $16 if it was trading at $16,000 that day. Both are daily options. Which is better? What's the point for all the crypto noobs to fill the forum with "my investment strategy" posts about Bitcoin, since their only investment strategy is DCA? Good luck paying high transaction fees every time you buy small amount of BTC for your DCA strategy. Selling your own house and living in a school bus, just because you are a Bitcoin enthusiast seems weird. I wouldn't sacrifice my comfort just to go all in on Bitcoin. BTC still is (and always will be) extremely volatile and betting everything on BTC seems very risky. Good luck with your Bitcoin journey, but we don't need another 1000 forum posts about DCA. |
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What do you think will happen to Bitcoin, when these BRICS countries created their own digital currency? Will there be a significant drop in the demand for Bitcoin? The idea of a BRICS currency is still an idea. I don't even think that there is a project about such "BRICS digital currency". Probably all the BRCIS countries will use their own national currencies(or their own CBDCs) for trading between each other. The BRICS members will never accept Bitcoin payments for international trading. I don't know where did you come up with this idea? Even if such "BRICS digital currency" becomes reality, I don't think that it will compete with Bitcoin. BTC is always will be "digital gold", while this BRICS currency will be used mostly for export/import deals and settlements. |
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