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3641  Economy / Economics / Re: For Americans Shocked by Inflation, Argentines Have Some Advice on: December 13, 2021, 09:53:18 PM
The european union tries to paint a pretty picture of its economy by pegging wage growth to inflation. When inflation rises, workers can expect their wages to rise as well.

A crypto token pegged to an inflation rate could have an adjustable rate of exchange in an effort to protect the wealth and purchasing power of HODLers. I'm not entirely 100% certain how this might work (or not work) in practice. An adjustable rate of exchange could theoretically be achieved through supply. The total supply of tokens might be inflated or destroyed in an effort to match inflation rates. This could be done algorithmically as an alternative format to bitcoin's deflationary reward halving.

Inflation itself is a controversial topic. There are some who claim inflation was a mere 3% post 2020. Inflation is similar to unemployment, in that its official definition and statistic has been adjusted, shifted and changed over time. The rise of prices, certainly does sometimes appear more than the paltry 3% or 8% which official statistics claim. Some might agree with that, others would not, I'm guessing.
Isn't all the stablecoins we are dealing with right now are a bit centralized? I mean we are talking about USDT being controlled fully by Tether company, or BUSD is fully controlled by Binance and all that. Which is why I believe that there is a good reason why we could have a stablecoin that is fitting to the inflation directly, depending on the currency we are pegging.

For example, if we have some sort of USDI called and its USD"INFLATION" basically, and that way we are going to end up with something that would increase based on USD inflation. The real problem is that, how are we going to handle that? Where would that money come from? That is the biggest problem that idea would face.
3642  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: December 13, 2021, 09:20:23 PM
Leeds vs City is a very simple game. Even though we love to wager on the underdogs and try to hopefully wait for those underdogs to eventually get the favourites, usually in football Goliath beats David and that is why we have sportsbooks making so much money. We are not talking about something risky here, it is a simple bet and yes sometimes we lose, rarely but it does happen and so be it, I am not gambling because I want to win every single game, I know that I won't and sometimes I will lose.

If it is Leeds that win or there is a draw then so be it, there is nothing wrong with that for me at all. City, Liverpool, Chelsea, Arsenal, United. I know United hasn't been themselves in a minute and that is why many may doubt that, so remove them if you want to, even remove west ham if you are not sure. Wagering on these teams every week usually ends up with a profit by the end of the season, emphasis on "usually".
3643  Economy / Trading Discussion / Re: Two Australian exchanges collapsed recently, remember to withdraw your bitcoin on: December 13, 2021, 08:36:24 PM
Problems with exchanges are not new to this space and moreover exchange hacks are most common but what is "collapse" here? Is this kind of failure of business model? I do always suspect about most exchange hacks as some exchanges like bittrex are able to keep serving us for years without any issues but why not for others, it is too complicated to copy such a security measures. This way, "collapse" sounds like a new way of announcing bankruptcy.

Reminder that the bitcoin you hold at exchanges is not yours. Withdraw your bitcoin from exchanges while you still can.
This has been suggested across at every part of this forum and for people who are all still ignorant then no one could do anything about that.
3644  Economy / Trading Discussion / Re: Buy more so you can sell some on: December 12, 2021, 09:39:23 PM
I don't think any crypto investment could have a stable income since the price of the coins that we hold changing everytime, sometimes it's better to hold fiat and sometimes it's much better to hold cryptos.
Experts trader know where to save fiat before the market crash and know when to re enter when the market going to bullish.
But as an investors, holding for living is a motto that we are not aim for stable profits but big profits in the future.
Interestingly, people consider USDT and BUSD and multiple other stablecoins as "crypto currency" for some reason, I do not think that they are crypto at all, they are a different breed and heavily centralized as well. The only exception for stability is those if you consider them as crypto currencies. In the long run we are talking about something like bitcoin then there is no stability at all.

I wouldn't consider myself an expert but even I know that I do not invest with every single fiat I have, I save some aside in stablecoins and use some of that money whenever price drops a lot, that way I make investment because if I go all-in then I would be losing a lot of profit whenever the price drops and I have to just wait it to go back. With some fiat saved aside, that means I could buy when it is lower and then go back to profit a lot quicker.
3645  Economy / Speculation / Re: What is your analysis says about btc in Q1 of 2022?? on: December 12, 2021, 08:59:56 PM
Maybe because we are mold into believing that we will new ATH this December at 6 digits - $100k.

So now we are depressed not seeing it because we even are not even half of it, as we struggle to keep $50k after a huge month of October and November and December was a different month and all predictions are wrong.

Hopefully though, the first quarter of 2022 will be a good recovery or bounce back, at least get into the $70k range and have a new ATH, not thinking of a bear season yet as I'm positive that we will have one push to a new ATH.
"Not even half of it" is not really the same scare as it is in other investments when you are talking about crypto. Just this year for example, we started the year at 30k, reached 64k, dropped to 28k, reached to 68k, and dropped to under 50k and now around 50k prices. That happened inside one single year.

Even at the start of October or end of September I believe we were at 28-30k range, and we reached 68k+ in October, and in November we went down again under 50k or early December, so that means within just 2-3 month span we managed to 2x increase and 50% drop, just within 2-3 months. So, if 100k is 2x of where we are right now, that is not as terrible as it may sound, not in crypto at least.
3646  Economy / Speculation / Re: Bitcoin on sale, will the support continues to hold? on: December 12, 2021, 08:08:08 PM
The price hadnt really dumped down nor able to break more supports which does signify that this might be the possible bottom yet there are small increments of recovery of price but will still not be an assurance that it wont dip further so making such step or decision will
always vary on the risk that you could put up.This is what makes this market too hard to predict on specially if it doesnt really
make out big movements into its price.
49k is not bad at all. I would agree that it is not crashing nor has it been for a while and it hasn't gone up too much recently neither. We are living in a situation where it has been decent enough to suffice for a while and that is all we need at this moment.

As long as it keeps being this way then we are going to be fine. Stop loss is a tricky situation and you need to make sure that you put it at the right place, otherwise you will lose a lot of money. For example if you do a stop loss at 48k and buy order at 45k then you could maybe be fine, if you do stop loss order at 42k then you might hit that and go straight back up. All in all just like you said there is no assurance of another dip won't be coming, but there are no assurances about the price is not going back up neither, we just need to be ready for whatever happens next in the price movements, doesn't matter up or down, we need to be ready.
3647  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: December 11, 2021, 08:26:06 PM
I am not entirely sure if softs was what Max or Red Bull really wanted to start the race with. That will give Max a clear advantage for a while, and he will be able to take the lead probably, I mean he kind of has to take the lead for sure otherwise it is going to be horrible for him. Considering he takes the lead and brings it to a 20+ second difference before he has to pit, then he could potentially have a great race, put on the hard tires and just go to distance with it.

However, if he doesn't take the lead, or he has Hamilton right behind him before he needs to pit, then it is going to be horrible for him, there is no way Hamilton would give up position when he has much better tires. Max with that lock-up surely did have a horrible result even though he is at pole, it is going to be a strategically warfare once again and we all know how that works out. I would say most places closed their bets already, but if you can, then Max at pole may have increased his chances and lowered for Hamilton, I would say that is a good bet for Hamilton in the long run.
3648  Economy / Trading Discussion / Re: What did you learn about crypto trading? on: December 11, 2021, 06:59:20 PM
I have to say do not stop learning no matter how wise you think yourself to be. I know that it is not really something we could see coming but one day there will be a lot of losses and you will try to estimate why it happened and what you will realize is that there are a lot more new stuff that you needed to learn. Even if you manage to learn every single detail on how to trade that is shared until today, then you will need to read what will be shared tomorrow as well. This is why trading is not just about candlesticks and buys and sells, it is about reading as well.

Moreover, I never stop checking the news and blogs and academies, because even if I learn one single more thing the entire day, then I will be doing fine in the future. That is what your end goal should be though, learn as much as you can, and after a while when you become good, just learn one more thing every day.
This is a way to become a good trader, a great trader really but it also requires a lot of time as well. You have to understand that there are a lot of people who go to work every day, work 8 hours, but they usually come home at evenings, which means you start your "own" day at 18:00 or so, even later if you live in a place with traffic like I do. Which means you have only a few hours a day.

If you both trade and learn to trade that is whole day gone, if you keep doing that every day, then when are you going to live your life? When you become rich from trading? What if that doesn't happen, or takes decades for it to happen? In that case you just spend a lot of years for just working all day, first at your job then trading and never did anything for yourself. I am not saying what you said is wrong, it is 100% correct, it is just not quite possible for everyone in the world.
3649  Economy / Speculation / Re: Bitcoin resistance and support price on: December 09, 2021, 08:44:12 PM
The price of Bitcoin is still very difficult to predict right now, because it turned out after it managed to touch the price of $51k a few days ago.
Bitcoin is currently still dropping below $50k, so there's still a chance the price will drop even further. I agree with you, we have to be patient and enjoy the ride, because it's a way to keep us thinking positive. If we panic seeing the current situation, it only makes us decide to sell the Bitcoin we have at a loss. At least we still have to monitor Bitcoin price movements for the next week, to analyze where Bitcoin will move.
So there's not much we can do in a situation like now, we can only be patient holding the Bitcoins we have.
It is not "that" much under 50k, people act as if we reached 45k already or even getting closer to 40k but the reality is that we only dropped a slightly under 50k, which means it is not doing that bad at all if you ask me and will do a lot better in the long run as well. Why? Because whenever the price falls down, there are those who accumulate, whenever it is accumulated that means it can't keep going down even more, so there is always a bottom and when that is reached the price starts to go up a lot.

I believe that we already tested that, and since we managed to go higher that means we are doing fine right now, it should not be all that difficult to see it going up soon.
3650  Economy / Gambling / Re: Stake.com - Watford FC Main Sponsor - UFC Official Betting Partner ⚽ 🥊 on: December 09, 2021, 06:50:21 AM
It's amazing how often you see players making low variance dice bets because they want to get to the next vip level so bad.
Plat 3 => Plat 4 is 1.5 million wagered and the base bonus is $1600.  Imagine wagering 1.02x dice for the last 20% - you will 100% lose somewhere around $3k without any chance at all of winning all in order to get that $1600 bonus.
I'm not even close enough to the last 20% LOL, still too far away for me to reach the next level (plat 4).
And I'm not a type of players who like to wager by playing bigger amount with so low odds like 1.02x but I did it when I was 10% left from Plat 2 to Plat 3.
I'm a flat betting type player, my bet amount will always on the same range (max $10) per bet on casino games and $25 for sports unless there is a good promotion  Grin
I would say that focusing on increasing your profit over time is a lot more important than increasing your VIP level. I mean even if you do 1.02 bets that doesn't mean that you will make a profit, in 50 bets you could lose a few times and that would be a big loss for you and you will have your wagering high in that case but you will also have a high loss.

It doesn't matter if you wager on 2x or 1.02x or 5x doesn't matter because the house edge is 1% in all of them. Sure in one of them you are increasing your wagering amount quicker than other methods and it is more steady so you gain VIP levels but if you lose the same amount of money and end up with no money then what does a VIP level could even mean to you?
3651  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: December 08, 2021, 08:31:15 PM
For Isco it is better to make a move in the transfer window, because unless he does that he is not going to see much of a playtime. Well, at least not under Arteta's management. I think it is better for Isco to making move to a rather weaker team in which he can play for a long time and also get a lot of playtimes. Because that is what is best for his career in the future. And I can understand, as a coach everyone wants to work with young and agile players who are worth investing in. But if he wants he can stay in Real Madrid too, Not a bad option to be honest.
I know he hasn't been getting the attention he deserves for a while now, but lets not act like he is a useless player neither. It is too early in his career to say he should go to a lower level team just to get more playing time. I mean if he was bought by Arsenal (which I do not see them having the budget for right now in salaries) then he should be playing every game there.

Look at what happened with Bale, dude was amazing at Real Madrid, then something happened and they started to not use him all that much, then he ended up with a great return to Spurs, and then became nothing at Madrid again. Madrid is the place where talents go to die, same happened to so many players, and some players handled it very well and became great. So, I would say that it is very unlikely for him to go to a bad team to get more time, he is still great and people will see that as soon as he moves to another team.
3652  Economy / Speculation / Re: Bitcoin on sale, will the support continues to hold? on: December 08, 2021, 07:47:00 PM
the 24 hours Highest reached is 51,934$ meaning 52,500 is almost being taken but suddenly price drops again now to 50k level.
 but what I am seeing this week is 55,000 because the bear seems to be ending and stabilization is coming to take over and that is the 55k-60k level again in which the barricade this couple of weeks that 60k is really hard to climb.
I may consider Holding my funds for the whole year now since there is no views that we will be making another ATH this end of 2021.
Accumulation stage has already ended, whatever drop we had, we had it already and that was it. I am quite happy with seeing all these increases because it shows that there is a good chance we could end up making a good return from them. Obviously it is not guaranteed deal and we just need to make sure we are doing fine with what we have and not risk too much thinking we are going to skyrocket from here.

Those investments are the riskiest, we think we saw the bottom, we put everything we have into crypto and then we realize there was a bigger bottom and that causes everyone to panic and basically it is just pure chaos in the market. We just need to relax, invest what we can afford to lose as always, and try to have a positive outlook and try to avoid saying anything that would risk the future increases in bitcoin. If we all do that, then we could profit very well.
3653  Economy / Speculation / Re: The indices that makes bitcoin price on: December 08, 2021, 07:09:27 PM
The support level at 50k is very strong so I am not worried about what we are seeing, I understand that there are some people that would like for the market to begin to grow already, but take this time as an opportunity for buying bitcoin at relatively good prices before the market begins to skyrocket again, now if you do not have cash around then that is problematic as the only thing left to do is to keep holding your coins, but it is better than the alternative of selling them and then have no coins when the price begins to go up.
I could have said it before as well but we managed to break down under the support level, it does happen and it is not a shock. Realize that bitcoin is something that is volatile and fragile at the same time. That is how we manage to go up a lot in price and that is how we manage to drop a lot at the same time as well. If the support and resistance levels were that much hard to crack, then we wouldn't have months where we go 2x higher, but at the same time we wouldn't be able to fall too much, even though not dropping sounds great, not going up like that is not great at all.

The reality is that we can go up a lot, and we do not care about resistance points, whereas we also do not care about support all that much neither and we drop down a lot. This is why anything could happen, we could be under 50k, we could be over 70k, that is how much volatile we are in the crypto world.
3654  Economy / Economics / Re: In 2021 to 2022 you decide your life and wealth on: December 07, 2021, 09:51:09 PM
Who wouldn't want to be rich? I bet most people want to achieve financial freedom, hence being rich would be the option for most of us. Money can literally buy almost everything you need in order to survive the daily basis. You can do whatever you want without the fear of where you wound get the fund if you were rich. You can start anything because you'll have a safety net to catch you in case you messed up. And you will not worry about living paycheck to paycheck because you have so much spare. It's really ideal and a wishful thinking to be wealthy enough to secure our future one day.
I assume that "decide if you want to be rich" is basically just a method of saying "if you want to be rich, you know what you need to do, if you don't do it, then you practically decide not to be rich". Obviously many things could end up blocking you from doing it, like health reasons, unexpected costs and many other things could lead you to end up not getting rich and not allowing you to make a profit.

However, if your life goes as expected, if you have a boring 3 years of your life next, if you just go to work everyday and come home everyday, then in 3 years you could be wealthy. How? Simply put, do not live, I mean sure be alive, but do not "live". Just wake up, take the bus, go to work, work, take the bus, go home, watch netflix, eat noodle or any other cheap stuff, and sleep, and repeat this for three years.

If you do this, you will hate life, it will be horrible, you will want to break the cycle and do something, maybe do it once a month just to keep yourself sane. You will end up with so much more money every month, and you could put that into bitcoin and other smart coins and you will make a huge profit in 3 years. This is of course nothing unexpected happens, you could get sick, you could get fired, you may not find a job for a long time, all of these would prevent it, I just talk about people who can do this.
3655  Economy / Economics / Re: Bitcoin Economic Advantage on: December 07, 2021, 09:16:10 PM
Bitcoin is widely adopted by countries with weak economics..

Name a few!
Bitcoin itself is used by El Salvador as we know, used by Bahamas uses it in altcoins and blockchain and network reasons for many official stuff, there are nations who invest into companies for their funds that owns bitcoin, so technically they invest into companies that invest into bitcoin.

There are quite a few interestingly, not a ton but there are some. We also have official branches that invest as well even if not government, like pension funds, mayors, states and so forth in USA that are in billions (Miami mayor, Ohio state, firefighters pension fund) and many other examples like that. All in all it is a trusted and well respected method of investment for many people and many corporations and many government branches all around the world. Sure there are some that want to ban (like China) but there are also more that want to invest.
3656  Economy / Economics / Re: What do you think does this Cities have that we dont? on: December 07, 2021, 08:35:27 PM
When it comes to cryptocurrencies from your point of view. what do the think about why this counries top best in innovation and in the hotspot in bitcoin?

I compared these two for when you are a hotspot in bitcoin and innovation it shows from my point of view that your country is rich and a part of the innovated country this 2021.
They are mainly rich places? I mean if you look at the cost of living in those cities, and compare it to the mean average of the rest of the world you will realize that these places are one of the richest ever. If you look at the nations they are in, they are from the richest nations as well, hell California (San Francisco) is 5th biggest economy in the whole world if it was a nation.

So, to think that they have a bigger crypto presence is basically all due to them being rich. This is why I believe that we are talking about something very valuable here, it is definitely something about the wealth that they have which caused them to be at the top of the list.
3657  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: December 07, 2021, 05:08:09 PM
Its amazing how West Ham led by David Moyes defeated Manchester City, Chelsea, Liverpool, Manchester United, Tottenham, Leicester City
Moyes  and a team specialized in defeating the big players
But he lost a lot of points against the middle clubs, so after all these victories he occupies the fourth place.
Shaven West Ham only made a great start to the season, and no team has the possibility to continue and win a qualifying position for the Champions League next season at the end of the league.
And then lost to wolves, city, tied with brighton, lost to freaking brentford. I mean sure they are not bad, they are fourth team in standings right now so they are obviously doing well, but imagine how much better they could have done if they simply won against wolves, brentford and brighton, that's 8 points right there, which would have tied them at the top.

I am not saying they should have won against everyone or anything here, a team that can beat Liverpool, city, chelsea and so forth, could easily beat the other three that I named, it was definitely possible and they were by far the favorites in those games and lost points in them and that caused them to be fourth instead of first. They are certainly weird with how they beat good teams, and lose points to bad teams.
3658  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: December 06, 2021, 09:28:04 PM
I haven't seen the match, but judging by the statistics, Juventus has big problems with scoring chances, and Genoa completely forgot to enter the field in this match:
Striking: 27-0
Shots on goal: 12-0
Ball Control: 70 30
Saves: 0-10
 Grin It seems that only the goalkeeper played in Genoa.
Juventus has a really easy calendar ahead, I wonder how close they will get to the leading group before a series of tough matches.
Genoa is a team that is at the very bottom right now, 18th or something I think, and Juventus is trying to reach to top once again. In a week where Napoli lost points, everyone else got a win at the top so that they got a little bit closer. Juventus needs to keep playing like this so that they could actually have a chance to be at top three, which is the least that would be accepted. It wasn't really unexpected for Juventus to win, it was clear that they would get 3 points out of this.

If we are shocked about just the stats, 27 shots and just 2 goals, versus zero shots, I could potentially understand a shock at 0 shots, because they play for 90 minutes and you would statistically expect at least 1 shot, but the 27 shots on Juventus' part was not really shocking because most of them were horrible just purely "here take this" tests and nothing more.
3659  Alternate cryptocurrencies / Altcoin Discussion / Re: Copycats good for the industry? on: December 06, 2021, 05:46:17 PM
As the title states, I was pondering whether the nature of open-source software is the way to go. It appears to me coins copy each other all the time. Example BNB copies ETH with BSC. And now BNB copies ETH with BEP-95 update.

Conversely, you see that Uniswap has a closed V.3 atm. I know this is controversial and I support decentralization through and through.
Depends on how it is used. Open source is very important if you are investing into something, it is not so important when others copy it. For example, if you want to invest into BNB because it copied ETH, that would be wrong, but if you want to invest into ETH and want to check their code, then being open source is an advantage. Plus, it gives smaller projects the chance to be vetted, when the whole code is checked and found to be perfectly fine, then people would feel better about investing into it.

When a code is verified then it would become a lot better to check and we have so many places like CertiK that checks the codes and audit them and give people their opinion. Which is why I honestly believe that open source is important when you want to invest, but it is supbar when others copy yours and make their project based on your code, but that would be figured out eventually if they are open source as well.
3660  Alternate cryptocurrencies / Altcoin Discussion / Re: What promising tokens should you buy in 2022? on: December 06, 2021, 05:10:05 PM
Howdy, I would like to examine altcoins with you. What coins are you considering buying for 2022? I have a whitelist of 20 coins, and among them, there are both exceptionally popular coins such as Dab, Iota and Cro, as well as rising tokens like Mina, Vega and Check Dab Token. There are great and promising improvements behind all these tokens and I think in 2022 we are going see great development in these coins. What coins do you think are promising?
Mana still looks like it has a great future for me. I am considering buying it but I am not sure, maybe I will just throw in 100 dollars soon or by the end of the year and hope that 2022 would be the year MANA would be reaching to a huge level.

It is clear that we are talking about something that is great and we need these tokens to reach to x10 or more in 2022 to mean something at the rankings but even x2 here instead of waiting for bitcoin to be 100k+ is easier to wait right now. This is why I believe that we are talking about something we collectively want, it is easier, it requires less money to x2 these smaller cap gems and they may actually do it.
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