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3721  Bitcoin / Bitcoin Discussion / Re: Would having a Debate like: Bitcoin vs Gold win more crypto investors on: April 30, 2021, 04:48:33 AM
No, hasn't there been a lot of debates about Bitcoin vs Gold already in the past few years? I'm pretty sure you could already look up a lot of arguments when comparing the two from multiple perspectives. A debate would indeed put crypto and gold into the news for a bit, but that's it. I'm pretty sure those who know of Bitcoin already know of its pros and cons after all.

Plus, investors look at the money or profit side and just seeing what you could've gained from Bitcoin in the past decade, that speaks volumes for itself. It's still quite dependent though since we haven't seen what Bitcoin could do when its supply is maxed out, and we can only wait and see until then.
3722  Economy / Gambling discussion / Re: This happened many months ago but still wanted to share. on: April 29, 2021, 10:46:29 AM
Pretty sure that such rules should've warned you beforehand, and not one that should be directly identified from their t & c I think. It IS related to how your bets should be done, so there should either be a notification when you visit the gambling window or a glowing pain in the eye warning sign that says x amount of money should be bet each round.

Rather unfortunate still though. I still find it really odd for some reason that the rules for the specific gambling games they have weren't blandly stated before playing each game (which should've imo). Might be for the best to look for another casino to play in ngl.
3723  Bitcoin / Bitcoin Discussion / Re: George Residence becomes first hotel to accept Bitcoin in Nigeria on: April 29, 2021, 07:40:03 AM
I've noticed that hotels which accept Bitcoin around the world tend to be luxurious, and I can see that this one is also like that. I don't understand why this is the case and I don't really like it because it's not like Bitcoin is largely used by rich people who can afford those hotels. Why don't places that offer affordable accommodation accept Bitcoin? Or is it because they're not ready to risk with hodling some money in BTC, whereas luxurious ones can? And also, if a place accepts BTC, it doesn't mean people will definitely use this opportunity.
It isn't that odd, most people who actually have Bitcoin are those that are pretty rich, and those that would even willingly spend Bitcoin towards hotels and the like would also be the rich. There's only the minority out there that would actually spend Bitcoin on paying or buying for some stuff, I myself rarely do it. Plus, I don't think small businesses could handle the volatility of the coin, and probably even see implementing such a system towards their hotel a waste of money (no matter how small or big it is).
3724  Economy / Speculation / Re: The next Bitcoin manipulation prediction on: April 29, 2021, 06:30:55 AM
Heh, when a price correction turns into manipulation and in turn influences other traders. Man I don't really give a damn if it was manipulation or a correction even, a dip is a dip, and heck I'd always see that as an opportunity to buy more coins to hodl. Next manipulation? Hmmm, probably when it dips again maybe? I mean every dip seems to be a manipulation so I guess that should work.
Why do you think that it is a market manipulation though? Do you have evidence that it is a market manipulation? Because I don't see how there is a manipulation because there isn't a lot of people panicking about the prices.
Cause it went down, does that count? Grin
3725  Economy / Speculation / Re: The total BTC balance on exchanges continuously decreasing since 2020 on: April 29, 2021, 05:58:59 AM
I mean, at this point, majority of the balance in exchanges are for traders doing daily trading. Majority of Hodlers? I'm pretty sure they would've realized now that they might as well just put it in a hardware wallet instead of leaving it in an exchange, which has been emphasized for oh so long.
a safe way as well as a concern if the wallet containing Bitcoin is lost, the secret word is not properly guarded. withdrawing Bitcoin from Exchange is a long-term goal. But what's the harm in keeping it on an exchange and not traded, is it at a loss? and if it is lost it will be the responsibility of the exchange, but if it is stored in a hard wallet and is lost, only you are responsible.
so which one is more effective and safer when securing your Bitcoin?
No, it's not the responsibility of the exchange. Heck, Bitcoin is basically an asset/coin that you yourself manage. Leaving it to the exchange means that you trust them enough to leave it to them, so even if it was lost, it's not their fault but rather yours. Crypto is called your own personal bank for a reason, it's because everything, from security, to storage, to means of buying/selling/transferring it is all on you.
3726  Economy / Economics / Re: Biden's IRS Plans Could Boost Crypto Adoption on: April 29, 2021, 05:25:21 AM
But wouldn't transactions like this, if ever transacted via crypto, would still in the end require them to use KYC (If they ever use centralized exchanges anyway)? That would still connect their accounts towards their bank accounts, still leading to the IRS discovering that they spent money towards crypto. Now whether where that crypto goes is none of their business, since their only job is to identify how much money from your bank went to that crypto business.

You'd start to stop using banks if you want to actually avoid the policy, and any money that you would transfer to exit banks should not come from banks themselves just to avoid it. Offline/Personal dealings might be the answer, that or someone above could help you manage it.
3727  Economy / Gambling discussion / Re: Dubai's Government and Gambling on: April 28, 2021, 12:52:20 PM
I really don't see any point in trying to crack down on the domestic gaming industry instead of actively trying to regulate it.

Firstly, black market gambling joints are always going to pop up. We know that it's human nature to gamble, and as long as there is local demand, there will be supply regardless of what sort of restrictions are in place.

Secondly, offshore/online gambling sites are simply going to replace local joints for the interested gamblers.

Lastly, it's just missed revenue for the government. If Dubai could regulate the gambling industry as opposed to actively restricting it, then not only can they save on enforcement costs for their restrictions, but also reap significant taxation revenue from the industry.
Different opinions based on different assumptions from country to country. In Dubai they may have to consider religious aspects, which they often do when it comes to political decisions and regulation. They need to stay authentic in public. While taking away human rights based on religious beliefs, how can they stay authentic when they allow gambling and alcohol at the same time?

Dubai is in a trap ad I guess they themselves don't like it as their is so much emancipation going on all over the world.
Or its just a pain in the ass to regulate, so they just push it out of their country like that. Pretty easy solution imo. As for illegal ones, as long as they crackdown on the ones that were shown in public, those illegal ones that weren't discovered are able to freely do it as long as there's a hole in the government. They could even collect the profits in their own pockets that way, plus no problems in trying to manage the public about gambling control and whatnot.

3728  Economy / Gambling discussion / Re: Ibrahimovic under FIFA and UEFA investigation on: April 28, 2021, 11:48:39 AM
Zlatan won't be much worried about the financial penalty that is being talked about (as per Article 31(4), the maximum fine can be $119,000), but he will be worried about a possible three year suspension. That will cause him a few tens of millions of USD in losses, plus tarnishing his reputation. I just hope that things will be settled in an amicable manner by all the sides involved.
It's not only that even, but that's also THREE years of losing the time to play and train under the pressure of tournaments and the like. I'd reckon the moment he comes back, it's either a flop or just the normal skill level he has. If it was a flop, heck that would just add up to the reputation loss he had for those 3 years. As for the financial penalty, heck, with his current financial status PLUS the money he earned from sponsoring the gambling firm (he was chosen as the spokesperson back then iiirc), he has more than enough. I'd also reckon that the firm would support him for his losses if ever, albeit temporarily (if he does own part of the firm)
3729  Economy / Trading Discussion / Re: simple technique of selling high and buying low. on: April 28, 2021, 10:46:05 AM
Selling high and buying low doesn't only mean that you only need to do that, the most difficult part imo is identifying when that "low" and when that "high" is. Though in general, every dip is actually an opportunity, just that it's one thing to buy on a dip, it's another to actually maximize the profits you could get. I mostly avoid try to actually getting it and instead opt to what I could guarantee just so I could avoid losing what I was supposed to have already won.

OP is desparate for money i guess. If anyone know exactly how to buy low and sell high, we all already on Forbes list right now. Instead buy low sell high, how about buy - forget - and HODL? it will be much better than trading for pennies.

All coin are same, either it bitcoin or altcoin, actually all coins are pump and dump. What makes them different only which coin usually get more attention and the usage of that coin.
Ey, Buy low and sell high is basically day trading, and a faster way to earn instead of HODL. OP might need it immediately you never know. HODL takes way too much time to actually profit from, especially right now taking into consideration that the BTC market just recently hit ATH.
3730  Economy / Gambling discussion / Re: Be a Responsible Gambler on: April 28, 2021, 10:14:30 AM
not the same because in trading cryptos we have seasons ( btc or alt season ) and if they arent in thier seasons it will be hard to earn huge profit in trading but you can earn huge amount in gambling anytime depending in your bet and luck .
Well not really, even without considering the seasons, one could still profit off of trading big time if done properly and with a proper amount of investment. Trading still considers luck (and a huge amount imo), just that there are other factors involved which is why it's quite different from gambling.

I suppose you mean poker tournaments with $10,000 buy-in and higher. There was even a tournament, Big One for One Drop with $1,000,000 buy-in. That's crazy, right?

A good poker player will never spend more than 1% of their poker bankroll on a tournament entry, so, obviously, most of the time they do need investors. But, it's important to understand that poker pros don't borrow money to buy a ticket. They attract investors who give them the money in exchange for a cut of the possible winnings. If the game is lost, a poker player doesn't owe a cent to anyone.

There's literally no exception to the rule that borrowing money for gambling  is wrong.
Yep, and I know. It's like sports or eSports teams, they have a group of people backing them that has investors and is connected to multiple industries. It'd be rather rare for a sole individual to actually enter poker tournaments with just him since there's a huge amount of document processing and whatnot I assume, just like how it is with some regulated pro tournaments.
3731  Economy / Gambling discussion / Re: [Boxing] Manny Pacquiao vs Mikey Garcia in Dubai on July 2021? on: April 28, 2021, 04:54:08 AM
I just hope that this fight will not end up like the Manny Pacquiao vs Terence Crawford fight. With that one, the main issue was the purse for Pacquaio. He was demanding a guaranteed payment of $40,000,000 but the organizers were offering much less. So what made the difference with this fight? Has Pacquiao agreed for a lower amount, or has the organizers offered him what he wanted? Since the statement came from Arnold Vegafria (Pacquiao's manager), I think this news is closer to reality.
I guess it's because that fight was worth more, compared to this one in their eyes? Hence why Manny agreed, since his price is definitely lower compared to the one with Crawford. I'd agree with the others, a Pacquiao vs Crawford fight seems to be much more interesting and worth much more, but as you said, the organizers for the other side failed in the negotiations hence why it was most likely canceled.

Still, a relatively safe option for the side of Pacquiao. It definitely won't bring as much hype as the Crawford one, but it almost guarantees that Pacquiao has a higher chance of winning than Mikey.
3732  Economy / Speculation / Re: New Bitcoin support! Fall or rise? on: April 27, 2021, 09:19:12 AM
I guess we have around $45k or so as the support, seeing as we went up to $54k after that drop to $47 something last night. Seems to be the standard start-up of a straight line movement that the market usually does before it goes up or goes down fully. Still, news of some magnitude may influence it much earlier and something may just actually happen. Looks like there were news of Elon (or rather rumors) that he sold his Bitcoin, turns out he didn't. Tesla did however sold some of they're bitcoin.
3733  Economy / Gambling discussion / Re: Are females welcomed in gambling thread? on: April 27, 2021, 07:30:47 AM
No limits, this is a public forum, not an all males private crypto forum. I see no need for the question to be asked even, nor would people from the community actively isolate female gamblers in one corner just because they're "females". Just make sure that it isn't a shill for a certain scam group or something, make it clean and detailed, and pretty much don't engage in personal arguments with others. Pretty much just use your common sense when you want to have a meaningful discussion with others, and you'd be fine.
3734  Economy / Speculation / Re: i think we will see bitcoin 44k sooner on: April 27, 2021, 06:19:26 AM
I'd welcome it even, every dip is an opportunity after all. I'm starting to buy BTC again after I sold in the last pump, and I've been waiting for dips like this since forever for quite some time now. Besides, if we ever hit that low, it doesn't mean that it'd go down permanently. I reckon it's just a correction and heck, it didn't even go down by much, it just went up again.
On the contrary, we might see bitcoin at $54k sooner.

When we thought that we are in the bear market already, pulling the price as low as $47k and everyone is not feeling good about the price and a lot of threads predicting a looming bearish trend, bitcoin has one of it's fastest recovery in less than 24 hours. So instead of another dip to $44k, the price when on a upturn of ~$7k. And we have just started this week, so instead of $44k, sooner it will be $64k.
It is at $54k right now. Hell I'm pretty sure BTC going below $50k shouldn't be considered the entry to bear market. It's still considerably high considering the price 3,4 months back.
3735  Bitcoin / Bitcoin Discussion / Re: PayPal CEO: Demand for PayPal cryptocurrency has exceeded expectations! on: April 27, 2021, 05:43:21 AM
Not surprising. When paypal released their crypto services for US only, a lot of people were pretty hyped with it, even more so for people from other countries where the service was unavailable. And judging by the fact that Paypal is a well-known service that most people use, it isn't that unrealistic that crypto enthusiasts from other countries would also like for Paypal to actively spread it through the globe. Plus, digital payments have been the rage ever since the pandemic, not surprising that the population, as well as the government finally realized how useful it is.

3736  Economy / Gambling discussion / Re: Sportsbet.io and Southampton! Cool move ! on: April 27, 2021, 04:42:32 AM
I just hope some media doesn't correlate this to the teams having bad habits such as gambling when in the first place, it isn't a bad one. Bad players just make it look bad. Good job from Sportsbet though, hope that they manage this advertisement well so that cryptocasinos could open up to a bigger population, especially since a lot of people like to watch Football. I just hope other countries actually look at this very good example just so that other gambling companies could open up to their local teams as well.
3737  Economy / Gambling discussion / Re: Eth Berlin Upgrade and Gambling on: April 26, 2021, 10:26:23 AM
Both BTC and ETH now does have low fees which we can already make out some plays on using these coins.
That's compared to the fees that they had, not with the fees compared to other altcoins. Doge LITE and a few others have way lower fees compared to these two, and a few casinos also accept said altcoins, so why bother choosing those two when you can choose the one with the lowest fees right? The only reason ETH would ever be used to gamble is that the Berlin Upgrade manages to lower the fees to the levels of what those altcoins experience. As for BTC, well, just wait for the network to actually calm down, then send it though it still has quite a hefty fee imo.
3738  Economy / Gambling discussion / Re: What age bracket is perfect for gambling on: April 26, 2021, 05:46:19 AM
I disagree.

The mature age is the right age for someone to engage in gambling to know his responsibility and risk, because if a kid or a teenage would gamble, he'll be just to carefree to gamble all of the money he has and the money or his parents that he could steal if he doesn't have any money left on his pocket, worst case scenario is that he would steal money on other people, that's the disadvantage of kids when introduce in gambling in an early age.

The effect on adult could be minimal or not, but in a child? it will be always worst.
Minimal on adults? I doubt that. Adults or a teenager or a kid, no matter the age, as long as someone doesn't know how to properly manage their finance shouldn't be allowed to bet. Hence why my earlier opinions were about how the age was minimal. It's almost common sense that kids wouldn't really be allowed, since they're brains are still underdeveloped and the concept of finance management isn't something they themselves would know, but I suppose it isn't impossible for that to happen, just that in the end, they wouldn't use it to gamble since the circumstances for them to actually understand it should already reveal that they have problems with finance.

3739  Economy / Speculation / Re: Will bitcoin go below $40,000 on: April 26, 2021, 04:23:05 AM
Nah, even if it were to go down to close to $40k, people who were expectant of it going down to buy when it dips would just bring it back up immediately. I suppose the market has given up on trying to go past the ATH, but that doesn't mean that it would go down to low levels. It'll just be a rather straight line market from now on, probably for a few months again before it acts up once more. Now it going down below $40k by then or going up somehow still remains to be seen imo. Probably someone intentionally dumping the market together with the correction, hence why the strong correction as of recent, but a dump like that would only last at most a few days I presume.
3740  Economy / Trading Discussion / Re: RIP Stocks on: April 26, 2021, 01:02:42 AM
It's obvious that the amount of profit in crypto is much more than stocks. At least that's what I have experienced with 2 years of trading stocks.
The opposite could be the same so do remember that. I wouldn't judge really if it was a good or bad decision since really, the situation would only become "good or bad" depending on how well you trade in the crypto market. I'd reckon you'd need a bit of time to start up and check out on how to enter since crypto is a high-risk high-reward kind of market. I'd honestly still tell you to actually split it and go back to stocks, since it is still a way to make your money earn more money, albeit safer than the crypto market. Not to mention that stocks value of a few companies would definitely increase depending on how the situation with the pandemic turns out.
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