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3661  Economy / Gambling discussion / Re: Brasileirão 2022 - Brazilian Championship Serie A on: August 21, 2022, 02:04:45 PM
Since before the championship has started, Palmeiras was already the favorite. I imagine gamblers who bet on Palmeiras back then must be really happy with their progress right now. This time the most obvious team was the right choice. No surprises in Brasileirão this year. The question is, how long is the overweighting supremacy of Palmeiras going to last in brazilian national soccer?

I thought at the beggining Flamengo was the favorite, but it started bad, only now team achieved 2nd place, I think it's too late to get 1st place because Palmeiras have 9 points ahead.
Why I think it's hard?
Flamengo was the second or third favorite, if I remember correctly, besides Corinthians and São Paulo. If it wasn't for São Paulo, the preview favorite list would be perfectly accurate.

It means Palmeiras have to lost 3 matches, and other teams (Flamengo and Corinthians) have to win 3, only to have the same points
With this consistency, it's hard to not bet on Palmeiras on this Brasileiro.
True, it's really unlikely to happen, because so far Palmeiras has been the most consistent team among all. There are slight chances they are going to lose 3 games, while Flamengo is going to win 3 games without any ties or defeats meanwhile. Although everything can happens in soccer, I believe Palmeiras is delivering outstanding results and there are no clubs on brazilian soccer that can surpass them this season.
3662  Economy / Service Discussion / Re: Crypto lender Celsius mulls possible restructuring amid financial woes on: August 21, 2022, 04:53:55 AM
Here is an archive of the article that is not subject to a paywall.

Neither Celsius CEO Mashinsky, nor Celsius commented on the article (as of when the archive was pulled), but if the article was accurate, Celsius was speculating with customer money on its own account. I don't know how reliable the reporter is, however, if this is true, Celsius was being very reckless, and I would speculate that the reason for the massive difference between customer deposits and Celsius assets is due to trading losses shortly before Celsius halted withdrawals.

I will reserve judgment until more credible information comes out, but in the interim, I would not let my money anywhere near the people involved.
The guy is a megalomaniac who thought he was untouchable at the top of the world. The lack of responsability and empathy for customers' funds must be explained by psychiatry. The way he portrays himself on his twitter account with a picture of himself carved out on a roman bust, making reference to the emperors of ancient times, gives a hint of his delusional, vain and selfish characteristics.

It shouldn't be risky or hard to lend money and pay dividends to lenders proportionally to the extra % paid back by borrowers... He completely screwed up a viable business model.

Won't his patrimony be seized and used to pay Celsius' creditors?
3663  Alternate cryptocurrencies / Altcoin Discussion / Re: CRYPTO IS NOT A GET RICH QUICK SCHEME on: August 21, 2022, 04:22:35 AM
Even 1 cryptocurrency is enough to change someone's story, because in fact an investor doesn't need more than bitcoin which still has potential to reach much superior price levels than the one we see today, with the history and reputation no other cryptocurrency can overcome.

But like any serious investment, you need to put your money there and forget for a long time, so you don't feel tempted to cashout it for whenever reason you might be currently facing.
3664  Bitcoin / Bitcoin Discussion / Re: Touching the life of random poor kids with all my 3wks campaign BTC on: August 20, 2022, 11:36:00 PM
Congratulations for your actions thinking on the welfare of the children of your community at same time you are promoting bitcoin to more people. I have no doubts the people you helped appreciated your efforts very much, doesn't matter how much you donated them, while you have also become an inspiration for many others inside and outside this forum. Of course this won't solve the poverty issue on the area, but with every financial limitations you have as a common individual you have done your part with excellency in order to soften the burden of those children, just like a cup of water soften the burden of those who cross a burning desert with limited supplies and few hopes of reaching their destiny.
3665  Economy / Gambling discussion / Re: What’s your gambling profit percentage limit? on: August 20, 2022, 05:44:52 PM
Usually I stop playing once I realize I'm too lucky or once my luck starts going away... Not that it has mattered for me, since after some days doing that I entered the loss field anyway.

Some people adopt a bankroll management strategy to recover losses and revert the situation. They try making 5%-10% of total bankroll in a daily basis. If they make the goal percentage they are done for that day and if they lose the goal percentage they stop as well and come back next day until they reach the final goal or until they go completely busted. I was following a youtube channel where the youtuber was doing this consistently and responsively, but I confess I've lost the will to keep following this content due to my personal losses in gambling.
3666  Bitcoin / Bitcoin Discussion / Re: Somewhere in Nigeria, Bitcoin's touching lives on: August 20, 2022, 05:16:15 PM
These are amazing iniatives to take accessibility, dignity and life quality to the most needing areas of the world. I suppose this is just the first step for many other great initiatives that are to come!

May I ask if bitcoin was a decisive factor on this project and why only now it's being possible to put in practice these works? Couldn't it have already been done through fiat currencies in the previous years? The article says the costs were around 6000$. It doesn't look too expensive, considering the benefits reached by the local population. Didn't the government have funds to excute these projects?
3667  Economy / Trading Discussion / Re: Short term investment suggestion on: August 20, 2022, 06:13:10 AM
Short term investments in crypto market are too risky. High returns in short time period means you are probably entering a ponzi, hyip scheme that will eventually lead you to losses instead of winnings the more you do this. Sometimes altcoins perform good results after being launched, but you can't expect it's going to be always profitable anyway.

The safest short term investment I know is related to services and retail business:
  • You offer your skills, invest your time and are paid;
  • You buy goods cheaper and sell more expensive;
  • You buy raw materials, craft them and sell the final product (works better with food in general or desserts).
Those things are a bit unrelated to crypto isn't it? I mean if you offer your skills and get paid in crypto that is a bit related I am not going to argue against that one, but the getting goods cheaper and selling higher is not a crypto thing, nor getting raw materials and crafting it and selling it is related to crypto at all.

Investments in crypto that are short term usually ends up being too risky and I am not really planning on doing anything that risky. Why would anyone want to invest into something that would be this risky and I would prefer that if I could do something that is long term and make profit I would be basically happier about it.
You made a good point: those suggestions I shared above aren't crypto related, because in crypto universe there isn't any short term investments to be advised. Short term in crypto is gambling. Investors need to be prepared to hold their funds in crypto for long periods of time, because this market is unpredictable and works in a different manner from the traditional ones. Analysis and statistics don't mean a lot here. Even the called specialists lose money with crypto if they aren't careful enough.
3668  Bitcoin / Bitcoin Discussion / Re: Poll: In your opinion is this the end for Bitcoin/Cryptocurrency? on: August 20, 2022, 04:50:36 AM
The question is, due to any of these issues, or a combination of them, are we finally going to see the end of Bitcoin and
Cryptocurrency or is it still a safe haven?
Problems are inevitable in any environments. The point to notice is that crypto enthusiasts are dealing very well with issues and challenges. If someone told me the end of bitcoin was between 2017-2018, following the crash and the bearish market I would accept that as a real possibility, but now I just can't, because the scenario looks much better than before, despite the fact we are in a bearish market again.
3669  Economy / Speculation / Re: What make people panic sell? on: August 20, 2022, 12:21:46 AM
Easy to say but when the time comes then it would be the hardest part to be done on which you should really be controlling your emotions on times like these  where price is declining and as said it cant really be resisted on not to make out any actions specially when you are seeing your portfolio is going down and when emotions starts to tingle and your mind is starting to stir up just because it had been affected
by your emotions then you would likely able to make bad decisions basing on what you are currently experiencing.Panic sell is common but having a good or enough experience in the market
then you would definitely able to handle up situations like these.
To not despair is the best alternative. I know it's easy to say, but what else can we do? People who get negatively affected by every market's fluctuations shouldn't be investing in crypto in the first place, because it will be harmful and painful for their emotional side. To invest in volatile assets and currencies require patience, calm, focus and long term mindset. Once the investor realize and develop all those traits inside himself he won't feel tempted to sell his portfolio during a bear market, as he knows he is going to lose money and have prejudice futurely, once the market starts breathing fresh air again.

I would say unstable emotions are the main factor to cause panic selling.
3670  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: August 19, 2022, 09:36:35 PM
This is why I believe that we are not looking at a bad investment no matter where you bought it. We should also compare as well, if I bought bitcoin with the same money it just went down and will recover, but with fun tokens it went down just as bitcoin did, but also kept making me profits meanwhile instead of just waiting for it to recover.

Only if you are patient enough. No easy/fast money here. For me, the FUN prize and profits from trading are secondary, I bought them for premium membership benefits. The fact I may lock them for a really nice interest is good thing, but I made the decision thinking about something different.
I like the fact FUN premium program was designed to be a long term investment for patient investors, because it actually brings sustainability to the program and inspire confidence among the community. Usually crypto enthusiasts are looking for fast overnight gains, and that is when they face major losses, by investing in unreliable altcoins or hyip schemes, while a few of them achieve success being lucky or just early investors, although there is no sustainability anyway, furthermore someone doing this frequently is going to lose money sooner or later even though his first experience was profitable, exactly like at gambling games.

Long term investments pay little, but at least it's a consistent income which will keep accumulating and delivering real results as the time goes by.
3671  Bitcoin / Bitcoin Discussion / Re: Why is no one worried about this on: August 19, 2022, 08:40:52 PM
Taking the currently daily volume as example (37,496,509,590$), the mentioned sum of money would represent 5,33%. That is a significant amount to be dropped on the market simultaneously, although we don't have sure if receivers are going to sell those coins or hold. Added to those 2$ billion dollars there is the judicial permission to Celsius crypto lending bankrupted company to sell their mined bitcoins. I just don't know how many btcs they are going to sell, but whales knowing about these news can find the perfect opportunity to manipulate the market, driving to a deeper crash.
3672  Economy / Speculation / Re: I do believe that Bitcoin will be more scarce than gold on: August 19, 2022, 08:11:08 PM
Meanwhile, gold production has increased every year. Unlike Bitcoin, which is limited to 21 million and this amount can no longer be added by anyone and will be more valuable when the amount runs out.
But the unique thing is that the price of gold does not decrease too much every year and so does the increase every year, so some people say that gold tends to have a stable price and little profit if used for investment. And in fact it is very different from Bitcoin, although it does not have a stable price in the market, but many people have benefited by investing and trading through Bitcoin on several exchanges.
Gold prices have increased when the market price of Bitcoin is heading to a point of decline, making market participants feel worried about entering the crypto market. Bitcoin price is currently at $21.7k or down 9.31% in 7d and 7.33% in 24h as seen on coinmarketcap at the moment.
Conditions like today make people think Gold has a stable price.
Could it be because of macroeconomic factors that made the crypto market turn red again?
Gold has been always a stable investment for people willing to protect their patrimony thinking on their future and on the future of the next generations. Since the beginning of humankind gold has a prominent place in society, granting status and power to its holders. Myth or not, even aliens' races are said to be interested in gold as the most precious metal demanded by them for exploration or survival purposes.

Bitcoin is much more scarce than gold, but I don't think btc can replace the demand for gold. Thinking proportionally, gold will be always much more demanded than btc and consequently its supply will be never enough.

Depending the currently market's sentiments, it's possible investors adopt a more conservative behavior, avoiding crypto for now and going for gold. Sometimes it's not exactly because macroeconomic factors which influence and impact us daily also during bullish seasons, but simply due to speculative factor lead by whales and followed by other investors.
3673  Economy / Gambling discussion / Re: Rise of Streamers in Online Gambling on: August 19, 2022, 05:32:14 PM
Almost all of you agree that there are some honest streamers out there who share their experience in order to provide feedback, can you tell us how you came to that?
Streamers will not gain anything from publishing these recordings or displaying them to be shown later to the owners of the gambling platforms in the hope of reaching a profitable deal.
Since there is no way to be sure of this, the most plausible hypothesis is that the streamer works for the platform he uses, unless we find that streamer provides a negative evaluation of one of the platforms based on his experience, which is what I do not expect anyone to do.
Not every streamers are directly connected to the platforms they play at. We can reach this conclusion by logically thinking there are hundreds or thousands of them, therefore it's impossible for casinos to pay all these people to promote their businesses in a daily basis. I believe a minority of them (the most popular ones) are paid by casinos, while majority of streamers earn through ads on their videos and referral comissions earned through the public who follow their videos. Maybe once small streamers grow in relevance and popularity, some casinos try to approach them to make a proposal...
3674  Economy / Economics / Re: Lenders and borrowers during inflation on: August 19, 2022, 04:19:49 PM
That is why you should avoid lending fiat currency for profit. If you want to lend it's better to use bitcoin instead, because on long term you don't have to worry about losing purchasing power. Lending bitcoin guarantees you profit in two different fronts: interest income and btc rising price.

On the other hand, when being the borrower, I'm not sure if the situation explained on this thread is an interesting one. Banks always make sure they aren't going to lose money, so you can expect in inflationary scenarios you are going to pay bitter interest rates to them to compensate the weakness of the local currency.

I have for myself that banks' loans must be avoided at all costs.
3675  Economy / Gambling discussion / Re: Brasileirão 2022 - Brazilian Championship Serie A on: August 19, 2022, 06:01:17 AM
Since before the championship has started, Palmeiras was already the favorite. I imagine gamblers who bet on Palmeiras back then must be really happy with their progress right now. This time the most obvious team was the right choice. No surprises in Brasileirão this year. The question is, how long is the overweighting supremacy of Palmeiras going to last in brazilian national soccer?
3676  Economy / Gambling discussion / Re: FIFA 2022 world cup on: August 19, 2022, 12:39:29 AM
Most consistent teams this time are Brazil and Argentina. European titans have been inconsistent on results these days, especially France. Maybe it's because european nations in general are all balanced and offer decent challenges to each other, while in South America Brazil and Argentina don't have great opponents to play against, so it's easier to stand out and get noticed.

Personally I don't expect an underdog to take the protagonism of Qatar's world cup, like Croatia did in 2018 at Russia's world cup. The competition must be between the teams pointed as the favorite ones. i just think this time Brazil and Argentina are better prepared to reach further on the championship.
3677  Alternate cryptocurrencies / Altcoin Discussion / Re: A cryptocurrency that lets you shop everywhere online without any fees? on: August 19, 2022, 12:18:54 AM
There isn't anything like this disponible for now. Bitcoin being what it is in popularity and adoption isn't accepted everywhere as mean of payment yet, now imagine a random altcoin... You still need to convert crypto to fiat to be able to transact everywhere online. It's hard to use crypto to make directly payments, because the options are scarce, with or without paying fees.

I believe what you are looking for will only become feasible once a big online shopping network adopts crypto for all the purchases inside the platform. Maybe creating their own native cryptocurrency as well.
3678  Bitcoin / Bitcoin Discussion / Re: What will be running in your mind if Bitcoin reaches $1000 again on: August 18, 2022, 11:51:13 PM
Bitcoin at 1000$ price range looks pretty bad and concerning for crypto world. It means many exchanges and related businesses are failed, lots of people losing their jobs and lots of investors losing tons of money. If that happened, I would expect bitcoin to reach even deeper levels until completely dying. Then we must ask ourselves where all the money circulating in crypto market right now would go on that case.

Maybe to another cryptocurrency? New investment category or technology? Or simply seized by governments?
3679  Economy / Gambling / Re: I Have a Question ~ Are 1xbit Campaigners Playing on 1xbit? on: August 18, 2022, 11:04:00 PM
This has nothing to do with the 1xbit gambling site. As I have written before (and other people for that matter) there is a group of scammers who find it necessary to cheat for information use. They bet on table tennis matches in which there is an occasional 2-point delay in the 1xbit platform. 1xbit tries its best to offer as many matches as possible, and then there is a group of scammers who are taking advantage of that. The saddest part of all is that this scam group then goes on to complain on the forum that they have been scammed and not paid. What do you think when you cheat? Then you have to bear the consequences and not act pathetic.
You put up a strong defense but without any evidence so how can we trust your statement, many members here like myself will take this statement as just speculation because as long as u know you did not support your claims with anything to drive home your point. We have witnessed cases of players trying to abuse a casino system but in the case of 1xbit, the report is different from what you are pointing out as the reason why those players are denied their money when their win. I will appreciate it more if you can come up with more evidence to support your claims as you are the first from that company to comment here atlist I have not seen any, maybe others may have replied to the thread.
It would be interesting indeed if they could bring their statements within evidences to corroborate their claims 1xbit isn't a scammer casino. If they were able to prove their words, I'm sure forum members who put negative feedbacks on every accounts related to 1xbit would kindly remove all of them without any further complaints. That would be positive for both, 1xbit company and signature campaign promoters to recover their neutral reputation at bitcointalk forum. However, it's easier said than done and words when not followed by actions or proofs, mean nothing... So far, that is 1xbit's situation.
3680  Economy / Economics / Re: Entrepreneurship and women on: August 18, 2022, 10:52:43 PM
It's not accurate to label people based on their gender. In entrepreneurship area there aren't men or women, but entrepreneur individuals. There are individuals who are prone to engage in leading positions and develop their own businesses and there are others who don't have any desire or aptness for that function, so they work for another entrepreneurs, doesn't matter what their gender is.

I know there are many women running their own businesses, while there are many others working for companies leaded by men. The opposite is also true.

Like @DrBeer firstly said on this thread, thankfully nowadays people have freedom and right to work on the field they want, pursuing the career and lifestyle they think it's the most benefical and rewarding for themselves.
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