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3621  Bitcoin / Bitcoin Discussion / Re: I sometimes wonder whether Bitcoin has established a religion. on: May 24, 2021, 10:35:27 AM
Errr I'm pretty sure our belief in Bitcoin is different from the belief believes have with their religion. Sides, we aren't braindead, arguments are done with logic and facts that can be pretty much looked up almost everywhere and has a basis, one that well, compared with the basis of religion, is quite different.

Heretics? Atheists? I'd think idiots would probably be the better term (if you're an avid Bitcoin fan anw). And Satoshi ain't a god, Bitcoiners simply thank Satoshi, and that's probably it. It wouldn't go anywhere near embellishing him as a god or diefying him, it's just pure hearted thankfulness imo.
3622  Economy / Gambling discussion / Re: Why the martingale system sucks! (doubling down on losses) on: May 24, 2021, 08:47:21 AM
When it comes to gambling, it is all about luck. If we're lucky even with small bank roll we can be successful profiting big. Same time if the luck isn't on our side even with big bank roll we can end up losing big. In simple there are people who have lost big trying the martingale strategy with big bankrolls and ending up bankrupt.

In my opinion it is good to go with random moves than martingale strategy.
I'd agree with winning in terms of luck, but you can still skew that so that your entire session isn't filled with games that are reliant on luck. You can spread out your games evenly so that your bankroll could give you more chances of getting that 50/50s. It's like the difference between one huge bet with 50/50 chances of winning vs a  multitude of bets with the same chances of winning. Granted that the chances are the same, going for the one with multiple bets instead of one huge bet could help you in minimizing the losses you could possibly gain. Achieving a loss of $50 on the first scenario is a guarantee, but the loss in the second scenario could potentially be $45, or maybe less than, but the maximum would never go past $50 so why not try it right?
3623  Economy / Gambling discussion / Re: Bet365 just achieved a big milestone. on: May 24, 2021, 08:01:41 AM
Congrats to them, middle of pandemic and yet earning this much? I don't know if I should be worried or not for those who actually gave her the opportunity to earn that much. You can see just how much of a big of a difference it made before and after the pandemic for gambling casinos, a difference of around 50% in total simply shows how much of an improvement in the influx of users were actually made.
 
Maybe if the prices continue to go up and the next 5 years, crypto enters the mainstream, I think that we are going to see crypto casinos get in the top richest people in the country.
Prices don't even need to move or anything, gambling isn't that related to the market price of crypto imo. In the end, what people like about crypto casinos is the anonymity it provides (most of the time) plus maybe, fast transaction speeds on select coins.
3624  Economy / Gambling discussion / Re: Withdrawal/Deposit Issues on: May 24, 2021, 05:00:10 AM
Are you 100% sure that the withdrawal issue came from you sending your funds to a gambling site? Granted that you were able to send it to another exchange, but that was after the support team saw the problem. Probably just me missing a few details but that's what I understood from your explanation anyway. Try asking support what the issue was exactly, it may just be on their side or something. I hardly doubt that exchanges would ban transactions to gambling sites since they aren't even government-controlled in the first place, why would they even care.
3625  Economy / Speculation / Re: Is $65,000 the peak of this bull market? on: May 23, 2021, 01:20:51 PM
I'd think so yes. I'd rather think that the rest of the year would end up being actually stabilizing the market, since the bull run the past 5 months or so was, well, just that quick. I wouldn't say that the price would go down though, but the price will definitely play around the 40 maybe 50k levels if lucky. I'd reckon it wouldn't go down much, and even if it did, it would be short since it is a buy opportunity for the majority after all. I'd reckon that it'd be quite a quick bounce up if it ever happens.
3626  Economy / Speculation / Re: Traders, y'all buying, selling or on the fence? on: May 23, 2021, 10:13:29 AM
Wait and see is probably the best bet. The recent decline just started, after all, trying to take a position quickly may make you get some unnecessary losses when you could've planned it out much better. Definitely not the time to enter and expect Bitcoin going up, but if they really want to, they can try spreading out their investment times to different periods, just so that you won't lose everything by entering now or entering later. Profit is smaller, but hey, that's the price for it.
3627  Economy / Trading Discussion / Re: Many got REKT :( on: May 23, 2021, 08:26:49 AM
Didn't really lose much. I invest in Bitcoin every month for a small amount (manageable with my salary anw), and the recent crash only hits hard with the times I bought when Bitcoin was pretty high. That was what, at most 3,4 monthly investments, didn't really bother leaving since I swore not to touch my wallet unless I'm selling ALL of them. Me panicking back then with short dumps always went back to me quite painfully, so I made a rule just for that. Still in an overall positive though, so I guess that's that.
3628  Economy / Gambling discussion / Re: Ohio offering lottery prize worth one million for those that get the COVID shot on: May 23, 2021, 02:38:41 AM

Sure! In addition, I would consider this issue from this point of view - isn't it too immoral to psychologically put pressure on people when making such a responsible decision as vaccination with a poorly studied vaccine? All this looks very, very muddy and wrong.
Kinda immoral yes, but it is an incentive that people need for them to vaccinate themselves. I don't really know much about the effectiveness of the vaccine themselves (haven't gotten one yet), but considering that Ohio has offered vaccine shots, it should have been plenty studied that the shot is effective, or at least creates some form of resistance against the virus. Ofc, vaccinated people themselves shouldn't be stupid thinking that the vaccine would make them immune from the virus, but it does give them some leeway.

I'd suppose the government just wants the transactions to go back to normal, hence why they're pushing for everyone to get a shot, just so that they can increase the accepted capacity of most places. I'd still rather have a system where scans of you getting vaccinated or not be a thing though ngl.
3629  Economy / Gambling discussion / Re: What online betting company you know gave you a b'day present? on: May 23, 2021, 01:44:51 AM
I don't think so, heck I can't even be sure if the sites I played on actually have Date of Birth in their sign up page (and from what I recall, most of them don't). Granted that I've only played on like what, 3, maybe 4 gambling sites so far (and I've already stopped). Glad for OP to get money, but as others have said, 1xbet's reputation is quite dubious so to say.

1xbet is a reputable bookmaker in asia and russian speaking coutries. They have ads in collaberation with barcelona and real madrid football clubs. What else can speak about a reputation?
Uhm
Quote
In 2020, the Investigative Committee of Russia put them on the international wanted list in a criminal case on illegal organization and conduct of gambling. All three now live in Cyprus
Quote
The 1xBet bookmaker has been operating since 2007, but in addition to betting on sports, it also offers an online casino prohibited in Russia.
Okay? There's more info about how the collaboration was short-lived due to 1xbet being involved in malicious activities if you want to check.

Source: https://news.ebene-magazine.com/ebenemagazine-ru-the-stars-wear-their-symbols-but-no-one-knows-the-owners-the-main-thing-from-the-forbes-text-about-the-founders-of-the-bookmaker-1xbet-ru/
3630  Economy / Economics / Re: Bitcoin - Medium of Exchange Vs Store of Value? on: May 21, 2021, 11:46:20 AM
Well, Bitcoin was developed as a decentralized form of currency, most people just hold it as an asset right now due to its high prices, but given time, its adoption could possibly soar, making the idea of it being a medium quite understandable, though the pre requisite here still is that the entire world basically accepts it as a payment (since it has no boundaries in its transactions). As for it being a store of value, well, it is decentralized, plus add that to it being limited in supply, it basically has enough factors to be considered as a store of value. It's high volatility could be attributed to it's adoption in the middle of development plus its maximum supply not being reached yet.
3631  Economy / Speculation / Re: Fucking rich whoever bought bitcoin around $30,000 -$31,000 on: May 20, 2021, 12:07:19 PM
It's true they earn 30% in one day. But will this continue? or is this just going to be a knife injuring them?
holders btc $50k+ are still around or not at this time they still incur huge losses. 30% of what you say is not in their favor right now.
Well if they sold now, they'd pretty much have a guaranteed profit right now. Even if they didn't, the chances of Bitcoin dipping to $30k is again, a chance for them to buy in and profit, easy as that. The prices going down by more than 7% in a day is always a chance to profit in the short term since there would always be a lot of people trying to take advantage of that dip to buy in. Bitcoin dipping isn't a negative, it's actually a chance to profit.
3632  Economy / Speculation / Re: Catalyst for recent bitcoin dump on: May 20, 2021, 10:07:27 AM
I think the most obvious one here would be the Musk tweet, though it isn't the only one. Like it or hate it, Musk has quite the influence towards the behavior of some investors, and when those investors move, others would also eventually follow cause of FOMO. Though the dump shouldn't also be reasoned out only cause of Elon, a correction was bound to follow after the ATH way back then, and the price has only continuously fell down slowly after that. There was also all kinds of FUD now after musk tweet, so that's also a plus for a reason.
3633  Economy / Speculation / Re: Bitcoin price drop >40% in last 7 days. Is it a DIP or CRASH? on: May 20, 2021, 07:43:00 AM
Dip. We had close to -20% for the entire week, though it's a gradual move except for the last days where it straight out dropped from $40k to $33k or so. The steady drop early on was quite natural imo, a correction so to speak, as for this, well we all know the reason so I won't elaborate more about it, but we should see it going back up since opportunists will see this as a chance as mk4 said, to buy BTC at a low price. We ain't seeing it going up for the next few days imo though.
3634  Economy / Gambling discussion / Re: What's the motive behind the anti gambling campaign on: May 20, 2021, 06:10:21 AM
Religion is one of the major groups that oppose gambling as far as I know. We can't blame them because it is their religion but if they employed it into their whole country, Other religions will be affected since the law will be the one who will stop them from playing. Most vices have the possibility to make you addicted to them, Gambling is one of those vices. Self-control and Limitation is the best way to make yourself not addicted to it. It will only be dangerous if you can't control yourself from it.
If you were to compare drug addiction to other types of addiction (like gaming), it seems lenient enough, but drugs induce addiction to you, gambling on the other hand is you inducing yourself to addiction, plainly speaking, it's one's own fault, without any external influence, if he gets addicted to gambling. That's what makes gambling different from those types since gambling addiction is solely your own fault imo.

Excluding religious aspects when it comes to banning is that there are certain governments does really mind about their citizens and doesnt really mind about revenue or taxation
made out by these companies or simply on the entire industry where we do know that gambling can generate huge income and of course when it comes to tax they would really
be a big contributor but these type of government is really a bit rare or small in numbers and majority of them would really mind off about progress of their country via
tax rather than on minding with their citizens addiction probability.
I'm of the mind that regulating something instead of completely banning it is much more effective in controlling everyone who wants to actually do, well, whatever that regulated thing is, in this case, gambling. Banning gambling just gives rise to below-the-scenes development of, well surprise surprise, gambling dens themselves. It's just plain stupid imo.
3635  Economy / Gambling discussion / Re: Fully vaccinated individuals now spared of masks in the casinos in Vegas on: May 20, 2021, 04:57:44 AM
During the last 24 hours, there were 636 deaths and 28,541 new cases reported from the United States. This shows that the regulations need to be in place for at least a few more months. A lot of people are still dying from COVID despite the vaccination campaign, and at this point it looks too early to remove the restriction on masks. The daily infection rate per 100,000 people stands at around 8.5, which is still a very high level. If people get complacent too early, then it will prove to be costly.
But hey, most people don't even care to look at the numbers or heck, even if shown, doesn't really show the gravity of the situation at that even. Look at the government at that, just by the fact that they allowed something like this to happen, despite the case and death counts just shows how they are unable to clearly see the situation as to what it is. Man, I hope that those who have been vaccinated wouldn't be tempted to go to casinos just for their safety, but heck I think I'm overestimating the intelligence of some people then. I just know someones going to be tempted.
3636  Economy / Speculation / Re: Bitcoin price goes down below 40K and how much it may go down? on: May 19, 2021, 11:46:58 AM
Don't do anything imo, selling now would amount to you just panic selling right now. If you can afford waiting, you can still hodl it imo, though then again, you can sell now and wait for the bottom before buying in again. Up to you. As for the question of how much more, I don't think anyone can really say for certain. It's been a constant decrease now though, and I'd expect a bit more at the very least for the rest of the day.

Always keep in the back of your mind why Bitcoin was created - not as a store of wealth, but rather as a means to make secure payments electronically.
Sadly I don't think the majority of those who even bought Bitcoin even aim to use it as such. Not that I blame them, the amount you can do with it in most cases are quite abysmal after all, since adoption is still pretty low.
3637  Bitcoin / Bitcoin Discussion / Re: Let's make WAR on FUD that are directed at sobotaging our Bitcoin experiment on: May 19, 2021, 09:03:55 AM
Man, if people actually read articles before making a judgement, no one would be influenced by FUD. But nope. I don't even think it's a loss for the community to actually ignore those people who just judge Bitcoin based on musks tweet, without any prior research about if it was true or not even. It's just like how the majority of the people online now are easily influenced by anything at this point. Those that actually DYOR, even on the simplest of stuff are quite rare even.

Sides, FUD is still a form of advertisement. Just that, people will sooner or later learn proper facts about it I suppose. Just like how past FUDS came and went, this one would also do the same.
3638  Economy / Speculation / Re: BTC has broken the $40k barrier, next test is $31k, then on to $10k on: May 19, 2021, 08:11:01 AM
Uhh Tesla hasn't sold any of their BTC according to Elon himself.
https://twitter.com/elonmusk/status/1394170030741413888

And honestly, the market has been through corrections like this one way too many times, how many bloody more do we need for people to understand that this is natural lmao.
3639  Economy / Economics / Re: Real Truth about money economy and Investment on: May 19, 2021, 06:28:59 AM
This man just denied the reason for the creation of the internet (well, part of it). If a fancy-ass degree could dictate how you would stand in the world, then those universities that give out said degrees should honestly be the ones controlling the world right now. Stop living in the old ages man, we're way past that, unless you didn't know. It's that old mentality right there where graduating from school means being educated, just a tad bit higher in quality right there.
3640  Economy / Gambling discussion / Re: Poker Freerolls or Tournaments with Guaranteed Prize? Or what's your preference? on: May 19, 2021, 05:14:02 AM
Prize tournaments, why bother playing if not for that no? Freerolls are just there for players to try out some stuff, it's not really something you'd rather want when you've been playing for a long time. Most old-timers would probably prefer prize tournaments, especially those that actually enjoy playing and gambling, while on the other hand, free rolls are an incentive for a beginner to try your place out. I've had my fair share of both and I can't say that one is not needed, it just depends on what player you want to cater on. If both, then apply both, I don't think it's much of an issue with proper management.
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