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381  Bitcoin / Bitcoin Discussion / Re: A student investing in bitcoin? on: February 10, 2024, 11:18:17 PM
I first came to know about cryptocurrency in 2019. Back then some of my friends were discussing Bitcoin but I didn't understand much. After that, they were not even researched. Then in 2022, when I passed college and entered university, I heard new friends discussing Bitcoin investment again. They have benefited from this. Then thinking about making profit in bitcoin investment I want to invest in bitcoin. I also want to know how it works. Currently I am a part time teacher in a private college along with my studies, I work very hard to support my university life and my own expenses. I deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

Personally I think we're past a period in time when we're so precautious about telling people how to invest in bitcoin. And while there are still risks, I think as long as the person doesn't sell their position even on crashes they'd have a fairly high amount of chance to recover and even profit as time passes by. Then again that's just me thinking about it, but here are some things that you would have to really take into consideration OP should you follow through with your interest in bitcoin.

1. Bitcoin is a multi-faceted industry with ties not only to the investment world and profiting, some people (like me) even assume it to be the home of the future of internet and data storage technology, providing us with a future of infinite possibilities within these facets with the added benefit of still earning money in the process. Would you be in that ride or would you really just stick with good ol' fashioned crypto buying?

2. What type of investor do you think you are or would be? The thing is bitcoin's volatile, but it is cyclical, meaning its propensity to increase and decrease in value is literally not up to our hands, but since it's been in the market for so long, you get the added benefit of financial security that allows you to have the piece of mind of not losing the value of your investment, provided that you don't touch your crypto for a long-ass time, are you comfortable of doing that?

Answer these questions for yourself first, and then once you've made up your mind then either go for bitcoin, or don't go for it at all. We've already had a lot of people in here blaming bitcoin for their lack of awareness about how the market works. Bitcoin's profitable but only for those who are willing to stand up with it.
382  Bitcoin / Bitcoin Discussion / Re: It's stupidity to have thousands in Bitcoin using a software wallet on: February 10, 2024, 10:58:37 PM
If I can start my crypto journey from the scratch, all over again or I have all the money I had years ago I won't repeat same mistake, the first thing that I found very hard to strongly believe back then is...

Spending some money on Cold storage, a Trezor maybe, I use to underestimate this, even when I have heard it multiple times before, yet I choose the easy way out, without even the proper research.

If I choose to spend that money that was hard for me to spend on a hardware wallet then I would have safe myself from some losses.

It's easier to find the definition of Bitcoin online at the time but it's a bit complex to know out of the box that there is something called cold wallet or custodial wallet, it was confusing to me, so I just visit google for answer and yes Legder and Trezor are always the first, instead I went on google play store for bitcoin wallet, I mean, why spend dollars on a hardware wallet when a software wallet can do the same?

This was how I found FreeWallet, I use this to store some Bitcoin, it was easier for me because it required only email login and password, I stumbled on some that ask me to write down recovery seed but it was stressful for me, stupid me, since Free wallet sync with my email I thought that's all that matters and I lost it all, can't log into my account anymore, as if Freewallet swapped my password and log in info.

Things are different now, in fact way better, still if you are new and you want to DCA into Bitcoin, kindly consider getting a Trezor wallet at least, don't keep Bitcoin worth $2000, $10,000 on a software wallet, even if its a open source software wallet I believe this amount is too much for a software wallet, having this much means you can afford a hardware wallet.

I don't take it as "stupidity" to look for the most urgent and accessible way to get your cryptocurrencies in check. I believe that myself included, we have a lot of people in this forum and beyond who's all for accessibility and software wallets could just do that for you. Trezor wallets and those keychain wallets as I call them are better alternatives sure, but for folks who deals with a measly couple hundred bucks every week or so, do you really have to spend $300 to $500 bucks for a more secure wallet service that you couldn't even connect to the internet?

Plus for me, you got yourself in that situation and I think it's a little unfair that you're blaming software wallets for your misfortune lol. You literally got yourself locked out by forgetting your seed phrase when most of these hot wallets would literally remind you 3 whole times to jot it down or have a way of storing them safely because they will not be responsible for retrieving your address should you forget about your money and you lock yourself out. It's a rookie mistake if I do say so myself and while I don't think you deserve to lose thousands of dollars for it, you definitely had it coming my friend.

Hot wallets are good no matter how you look at it. Just don't be belligerent with the way you use it and you should have a great time dealing and working with wallets like these.
383  Economy / Gambling discussion / Re: Does even freezing a customer's account curb irresponsible gambling? on: February 09, 2024, 11:09:28 PM
If suddenly you went on a binge-gambling out of a lack of self-control or something else. For example, you deposit money in rapid succession after a series of losses and the casino management freezes your account. And when you call their customer support, they tell you that your account has been frozen for 3 weeks and the reason why they carried out that measure was because they suspected that you were gambling irresponsibly and decided to take that measure so that you can call yourself back to order, will you feel furious, cuss out, sign out of your account and register on another casino and continue betting. Does even freezing a customer's account curb irresponsible gambling or betting addiction?
Well the thing is that this will work on a brick-and-mortar casino setting, and I see it somehow working still when we're talking about online casinos even though the risk of creating dummy or duplicate accounts to evade bans is of course prominent.

First off, we gotta put into consideration that most casinos nowadays require KYC to either deposit money or withdraw their own money within their platforms. With that in mind should they see you creating a new account they could match it against their list of users who got their accounts frozen due to excessive gambling and from there, they could administer a ban on your duplicate account and issue even greater punishments on your original to teach you a lesson, similar to what they do in online games like Valorant and League of Legends against specific users they deem too toxic to be allowed within their community. If this is what they are planning to do then it could just work. Plus let me just say that you're quite the gambler if the casino had to step in and freeze your account. At that point your main concern shouldn't even be how you can evade the ban and still play, your directive should be the reason why you got banned and how you can turn your whole life around in that point. But then again, who am I to really tell people what they should be doing in the first place LOL?
384  Economy / Gambling discussion / Re: What You will do in this situation? on: February 09, 2024, 09:14:11 PM
A few days ago, my house was being cleaned. Three people are cleaning the front and back yards of the house. One of them was playing slots and I saw him. Actually, I wanted to suggest he try sports betting because I often see the guy watching football matches and he does have knowledge about many teams. So I was wondering if I could introduce him to sports betting so he could use his ability to predict every game he knows about.

Besides that, I just feel that if he deposited $10 = IDR 150,000 into a gambling site just to play slots, he would probably suffer a complete loss. But if he can place bets on sports betting, there is a possibility of him winning some money on small bets. Wouldn't that be an advantage for him?

If you were in this situation, what would you do? Introduce him to sports betting or let him stick to playing slots. Yesterday, I just let it go but we still often meet at other activities.
Two things.

1. Introduce other ways to enjoy gambling while earning more money in the process. In taking this path I would take an approach that wouldn't make me out to be the arrogant asshole that sticks his dick into everything, even those he doesn't have businesses with. It's quite easy really, just make him think that it's their idea in the first place, influence them into looking for other options. Eventually the guy will relent and will either stop playing slots/gambling overall, or would just outright find a different way to have fun that wouldn't involve him spending too much money with no real ROI in the process. Otherwise the other most desirable outcome is him ending up finding other games that he can play aside from slots.

2. Keep it to myself and just let him play his slots. He prolly got his shit taken care of and he doesn't need suggestions or people calling him out about his obsession with slots. He's most likely aware of it anyway and if he wanted to quit slots and play something else he would've, but as seen from the fact that he exclusively plays slots and nothing else (at least according to your story) there's a good chance that he's doing this not because he doesn't know how to play other games or whatever theory people's got going on about the guy, but the sole fact that he just loves slots that much and would've rather kept playing slots for as long as he's alive or at least until he hits a rock bottom of hedonic enjoyment.
385  Economy / Gambling discussion / Re: Blue card to be introduced in football. on: February 09, 2024, 08:38:14 PM
There is  these news going round about blue card sin-bins that is said to be introduced as one of the rules in football.
Basically the whole idea of this blue card sin-bins is to punish players that have committed foul against another player, so when the referee shows you blue card, you are to go outside and stay for 10 minutes while the game will still be going on, you will remain there for 10 minutes then you come back afterwards and continue with the game, however this does not take the place of yellow card and the red card.

Locally in my country Nigeria we used to do this for small goal post that is normally called monkey post, if a player tackles his opponent wrongly, we used to tell the prayer to go out and stay for some minutes and then come back, because it's most times a five aside game, so we don't usually use cards. but seeing these rules wanting to be introduced on the international scene surprises me.

So guys how do you see this new intended innovation, is it going to change the face of football across the world, let's have your opinion.
https://www.telegraph.co.uk/football/2024/02/08/blue-cards-to-be-introduced-for-football-sin-bins/
I don't see the appeal of the blue card. Like if they wanted to introduce a way to punish fouling in a contact sport like football, there are other ways for them to do so that wouldn't have to involve reinventing the whole wheel by introducing yet another card. They could've pretty much just went on with the yellow-card scheme and include the physical offense as grounds for getting one. I'd even argue this as being a better idea than just benching someone who have debilitated the other team through illegal means for 10 mins only, cause at the very least with the prospect of getting suspended or the threat of being suspended instead of getting, the players are looking at a real threat that could tip the scales of the game against their favor, this doesn't really happen when you're basically just putting them out of play for 10 mins. which they would've used to recuperate strength and stamina so they can continue.

Plus with how dramatic and creative football athletes can be when it comes to penalties it could even become a game where players deliberately hurt opponents so they can get their extra 10 mins. breaks when they need it, plus it works on their team's favor too as they could take out the key player while they are out there chugging on gatorade. There is a lot of nuance surrounding this new addition in the cards at play for football and I'm not happy about it.
386  Economy / Gambling discussion / Re: Why do coaches get sacked over poor performance of players? on: February 09, 2024, 08:19:23 PM
I have followed various sporting activities and I noticed something that hardly make complete sense to me and that is the rationale behind firing a coach when the players do perform poorly. What drew my attention to this is a news flash about Jose Mourinho's case in Roma. According to the article, Mourinho left Roma angry and feeling betrayed by the players. Is it even possible that players will intentionally lose matches because they want their coach out at the expense of their own careers? If this is true, why will the club management reprimand the coach and not the players? I know some people will argue that the coach is the leader of the team and should be responsible for building the unity and love the team need to play in high morale, but in a case the players happen to have hated the coach and have decided to lose matches as punishment for their coach, is it right to fire the coach?
Cause they deserve it. The central plan of a coach is where players depend upon when it comes to strategy and plays around the court. If a coach couldn't do so much as to provide concrete plans that work for their players to follow through then it just makes sense that the coach is fired/punished for the poor performance. After all just as what panganib has said the sole responsibility of a player is to just make sure that whatever plan the coach has in his/her mind they can accomplish based on their skills and capabilities. And most of the time athletes that get paid in the millions are able to perform anyway so the ball is left on the coach's end.

While your speculations about players being so against their coach that they are willing to throw a game or a season to get rid of him is possible and has happened in the past a couple of times, it still doesn't make sense as especially for newly signed teams and organizations they are working on a strict budget down to how much they pay their coaches, hiring another coach would mean massive upheaval in team's synergy and playstyle, as well as budgeting and compensation benefits that may end up causing the players to lose more money than if they had just kept the coach they were with in the beginning of the season. So yeah, it's all possible and it could be the case that Mourinho's so hated by the Roma organization that they wanted him out like a Pariah but at the same time are they really in the position to do so?
387  Economy / Gambling discussion / Re: Taking a break in gambling on: February 09, 2024, 07:32:55 PM
How do you guys manage to take a break in gambling? I’m not asking for advice but rather I’m just interested to know what you are doing on your own or if you really do a break.

I recently decided to take a break since I want to hold my crypto due to its increasing value and I don’t to spend it while it’s giving me passive profit. I just claiming bonus now or anything that is free to still enjoy gambling without risking my money.

What is the instances that makes you take a break in gambling?


You think too much about something that should be so easy as to take a break while you're gambling.

For the most part you can pretty much just quit gambling for the day cold turkey. I've been doing that for the past few years and even when I tried it for the first time I find little difficulty in actually quitting. If you're having trouble sticking to the regimen or keeping up with the break cause you're getting the itch or the nagging feeling that you must gamble, all the more reasons for you to quit as this is a telltale sign of gambling addiction and honestly if I were to be on your shoes I'd take any measures on the planet to keep me out of gambling's reach at that point, even if it meant me being admitted into a rehabilitation center. The cost of getting rehab as well as the lost time you'd be spending there would've been insignificant against the amount of time and money you'd end up wasting as you slowly subject yourself to gambling addiction anyway, so it's not really that much of a loss.

For now, I would highly suggest you automate the process of claiming bonuses, or don't claim them at all and let them just rot in your account. And I know you're not looking for advice or whatever but it doesn't hurt to get some sound advice from a caring stranger on the internet anyway.

As for me, I just touch grass and meet people to preoccupy my mind whenever I feel like I have to take a break from gambling. Plus it's not really that major for me as I've been able to crack the code against gambling addiction so it's got nothing against me anymore right now really. I can quit whenever I want, I can take breaks whenever I feel the need to without getting the itch that most revenge gamblers feel when they abruptly quit gambling.
388  Economy / Gambling discussion / Re: Selling a property to play gamble on: February 08, 2024, 11:35:30 PM
It is so unfortunate how some gamblers become so addicted to the extent of selling off most of their properties just to play gamble even when they're aware of the risk that is associated with selling ones properties as you may not be able to replace that same property again even in your entire life.

I remembered some years back when an addicted gambling friend of mine sold his father's car and used the money to play gamble, and he ran out of the house to an unknown destination for over 3 years such that the parents where even looking for him to come back home regardless of the crime he committed because he was his parents only male child, so this friend of mine was invincible and without communication for 3 years and afterwards he returned home looking so unkept and his parents saw him and started crying that regardless of what he did that he wouldn't have ran out of their sight and he apologized for his actions and started living a different life. Just imagine the conditions he went through just because of taking a reckless decision that may have even taken his life because no one knows his activities as he left home and moreover he had already spent all the money gotten from the car he sold on gambling, so how he managed to survive without money and help from his friends and relatives for good 3 years is a risk no body would wish to take in life.

No matter how deep you are in gambling never you sell a property because you will surely regret it when it doesn't work the way you expected.

Have you ever sold a property to play gamble and afterwards finds it difficult to replace that same property again?
In my opinion, there's nothing wrong with selling properties and things you own over gambling, BUT:

  • You have to keep in mind that it's completely yours, not half-owned, not to be fully-paid, not given as a gift. Something that you outright bought and owned.
  • You're not addicted to gambling, and primarily doing this to ensure that you have a dedicated bankroll that you'll use for gambling so you don't end up using your money dedicated for living expenses as a means to support your vice. and of course:
  • You don't need the very thing you're trying to sell anymore, or perhaps you got yourself a viable alternative (for example, selling your portable laptop cause you seldom go out and work on the fly anyway and you have a beefy PC at home that reliably does the work for you).

Got something you want to sell, but it doesn't fall to one of these prerequisites I have laid? Then hold off on encashing that shit and keep it. Don't sell that or pawn that item so you can fund your vice. At the end of the day, gambling is nothing but a way for you to entertain yourself when the basic and most accessible ways to have fun is either out of reach or something that just doesn't hit it for you anymore. Don't make it any bigger than it is supposed to be or else you're going to subject yourself to problems you shouldn't even have in the first place. Comprende? Good. Gambling is fun when you're not on the brink of losing yourself in the sauce. Gamble responsibly and as RDJ says in his film Tropic Thunder, "never go full retard."
389  Economy / Gambling discussion / Re: The scam of FAKE fixed matches on: February 08, 2024, 11:21:20 PM
This is another form of scam I've seen being promoted heavily.
So if you have even the slightest interest towards sports, you're likely to follow some teams' or atheles' social media accounts.
Instagram tends to freely share your personal information with "advertisers" which often just means scammers.
So this scam is often targeting sports fans through Instagram and Facebook.
And if you or your friends follow something related to gambling or sports you're likely to be targeted by such ads promoting this scam.

So let's examine what this scam is about.
If you click into an ad promoting this type of scam, you'll be prompted into a Telegram channel where supposedly information about fixed matches is provided.
As you probably already know, scammers love telegram. 
The room will be populated with a long history of highly polished messages about supposed information and past success stories.
However, what matters most is the most recent message in the channel.
This message will mention the exact score of a supposed fixed match.

What's the catch?
Well... This match doesn't exist. Perhaps the teams will sound a little plausible, but then they will say [U23], which means that you can't bet on such a match anywhere.
The whole allure of this scam is to actually put your money in THEIR recommended bookmaker because it's going to be the only one accepting bets on this otherwise fictional match.
And then you'll be met with the harsh reality that this bookmaker only actually takes deposits, no withdrawals!


The above is a rating someone left for this fake bookmaker called SpaceXlife. It appears that this scam operation has been running for 2 months.
Probably once the scammers feel like they've made enough they'll just switch to a new name and website.

All this might sound too obvious to you but people unaccustomed to online gambling could easily fall victim to something like this.
It's sad how social media has made the process of scamming so streamlined actually...
Honestly, it's kind of on these people who get victimized by these types of tongue and cheek scams if they got scammed. The jig is so obvious and everyone who has half a brain's gonna realize that this is as shady as it can be and even if it's real, it's too good to be true.

Let me paint you a picture, I got insider knowledge about who's going to win in the next few games, and somehow instead of collecting the profits for myself by making sure that less people know about the advantage I have and betting on legitimate sites to make sure I really earn the profits, I reach out to some nitwit on twitter that I find is keen on sportsbetting to pool the bets and give them insider information for free. Doesn't sound as "smart and convoluting" now when I put it like that doesn't it?

Every piece of scam on the internet requires some basic level of understanding in the field that they are operating under to be able to spot on and avoid. And I'm pretty sure everyone who's got their ducks in a row within sportsbetting isn't going to fall for this obvious honey trap. I get the intention for this post and honestly I appreciate it cause at the end of the day some idiot on twitter's gonna fall for this shit and blame the casino and the industry for their lack of preparation but I reckon that anyone who's worth protecting in this industry's already secured in the first place, so it doesn't really add anything of value to those who are veterans for that matter.
390  Economy / Gambling discussion / Re: Gambling Management on: February 08, 2024, 11:09:52 PM
I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks
I think you shouldn't start looking into jobs or ways for you to really afford a ballin on your gambling sessions. Why? Well simply because it's not funding that you're having issues with, but the proper way of managing such. It doesn't matter if you got a million or a nickel, you're going to lose all your money from gambling with that kind of attitude. So, how do we solve it? Well, first let's introduce you to min-maxing/managing your bankroll. You have to separate it from your dedicated financial wallet so you don't end up using your food money to gamble. And yes, if you can't afford to dedicate a gambling budget then that's all the more reasons for you to drop gambling. Now that you presumably have a gambling wallet funded well enough for you to facilitate a couple of games in a row, the building of discipline never stops there. You also have to learn about loss mitigation and win preservation.

Loss mitigation as the name implies includes strategies and techniques that would ensure you don't lose incessantly when you gamble. On the other hand, win preservations ensures that every win you bag is secured, no matter how small that is.

Personally I incorporate a 3 on 3 win-loss limit whenever I gamble. Which means I automatically quit gambling for the day/week whenever I hit either 3 losses within the session, or 3 wins for that matter. in theory this will either ensure that you don't lose as much money since even if you're unlucky 3 losses is so recoverable, and every win you get you're able to secure the most of.

Lastly, make sure that your gambling expenses and living expenses are held separate. You do not use a single dime of your living budget to support your gambling sessions, and vice versa. This ensures that you don't depend upon your money when the money gets tight, allowing you to build the discipline to gamble responsibly.
391  Economy / Gambling discussion / Re: Can gambling addiction lead to domestic violence? on: February 08, 2024, 10:55:14 PM
Being addicted to gambling can be a thorn in the flesh. We have heard many bad behavior from gambling addicts that shows that gambling is a serious concern requiring serious efforts at curbing it. Many casinos also include in their disclaimer "gamble responsibly" and this shows the danger of gambling addiction.

However, I'm wondering if addiction can make someone become aggressive to the point of leading to domestic violence. Has there been any known case of it happening? Lets know what you have to say.
People who are already predisposed to assault their family members often resort to illegal and detrimental activities like gambling for enjoyment. Some of them even go so far as to cheat on their wives/husbands because in their minds, the abuse that they subject their partners to is justified and the happiness that they get from other sources plus the catharsis that they achieve from abusing their partners and even possibly their kids is something that they need. Total sickos if I do say so myself.

So with that being said I can firmly believe that it's not gambling that pushes people to be hurtful creatures for that matter. I say they are already like that to begin with before they even knew about gambling, and their unhealthy gambling habits along with an abusive lifestyle just brought the whole beast out of them. Gambling isn't anything but a way to enjoy yourself after all, so how is it going to cause people into thinking that they should beat their wives when they get home after a loss? It just doesn't make sense.

One thing that you gotta keep in mind is that people who abuse other people aren't activatable via switches or something. That kind of behavior takes years and even decades to develop and be reinforced. Which means they're already fucking sick in the head to begin with.
392  Economy / Gambling discussion / Re: gambling for fun vs gambling for the financial benefit. on: February 08, 2024, 10:43:25 PM
I have read a lot of thread on this board talking about the need to gamble responsibly and suggesting that gambling is meant to be done for fun and not to be seen as a means of livelihood. While this is theoretically alright, in the reality so many persons actually gamble because they want to get some financial top up from the gamble.

What is mostly common in my neighborhood and that I mostly do is soccer betting and if I am not exaggerating, 90% of the people that do soccer betting do do because they want to win money.

They can watch the match for fun but as long as it involved them paying money before gambling, most persons don't normally see it as fun and this is the reason why after placing a particular bet, if the game isn't successful they continue betting hoping to get a win along the way thervy being seen as addict.

Do you really see gambling as more of fun than a means to a financial end?

how much can you put into gambling before it removes the fun aspect of gambling out of it?
I mean, there's definitely a discussion to be had regarding this topic, and as someone who strictly plays for fun (although of course I still find joy and excitement from earning money while gambling) I think I have a good say about this issue.

There's a fine line between "earning money while gambling" and "gambling to earn money". In my opinion the latter is dangerous as it eventually subjects the user/the gambler into a situation and a downwards spiral that leads them into revenge gambling and eventually, gambling addiction. After all, they make earning money the whole point of their gambling session, and if they couldn't earn the dollars that they are looking for on the first try, they'll try and try until they lose all their bankroll within the day. It's quite stupid and it's fast-acting too.

Now, what I'm really advocating for is to find ways to still have fun even when you're not earning money while gambling. Set entertainment as the primary directive of your gambling and make earning money in the process as nothing but a nice bonus that you can get every now and again. If you're successful with this you're going to still have fun and enjoy yourself even while losing, eventually making sure that even in red days you got your bankroll secured, and you're beyond and arm's reach of gambling addiction.
393  Bitcoin / Bitcoin Discussion / Re: Who says Tesla initiated last bull run is wrong on: February 05, 2024, 04:37:19 PM
Tesla initiated the last Bitcoin bull run? Rubbish.

I saw this on Twitter yesterday. You can see it yourself: https://twitter.com/rovercrc/status/1754146791576985665?t=oYWn43cKg08NR--EAR3gDg&s=09

Bitcoin was at $3800 in March 2020. It fall abruptly from $8000 to $3800 in just an hour or so and increased back to $5500 not quite long. 2 weeks to halving 2020, bitcoin was around $8200 and its price was not far from that after halving. After halving, bitcoin later increased over $19000 and fall back to $16900 or so.

Michael Saylor, Grayscale, institutional investors and retail investors all played their own part as some people also continue to fomo. No Tesla until the price of bitcoin increased above $43000. Tesla bought bitcoin around that price and bitcoin price increased above $50000. Later it got to $63500. Before bitcoin get to $63000, Tesla accepted bitcoin for payment.

Elon Musk later said Tesla will no longer accept bitcoin for payment and the price of bitcoin deceased below $46000. He later said Tesla will accept coin that is using 1% of bitcoin energy for mining. We all knew he was manipulating and only wanted to make people know about doge. He accepted doge. He only manipulated bitcoin price.

Later China banned bitcoin mining and bitcoin got below $30000.

Like 6 months after, bitcoin increased to $69000 which was the all-time-high of no Elon Musk influence as it was before.

How is Tesla the cause of the bull run? It is just rubbish to praise what manipulated bitcoin price when it is even not what that started the bull run.
I think they played a part. After all they bought a lot of bitcoins back in 2020, which pumped the price of bitcoin drastically. Whether you think they caused bitcoin to pump or not you gotta give credit where it is due as they played a role in bitcoin's rally 3 years ago, although of course, we know they only did so because they were trying to manipulate the market into choosing Dogecoin or whatever the fuck Elon's siding himself with during the time. Personally I'm not a fan of him as well, and I hated how he did Twitter dirty all cause he wanted to profit off of it even though the previous formula worked for the site anyway, among the stupidest things he did trying to claim internet points and cementing himself as the cool meme man.

But at the end of the day, they bought bitcoins, they considerably increased bitcoin's value when the people's just about to regain their confidence in the crypto market. They marketed cryptocurrency through their social media and allowed crypto payments (which they then redacted anyway but whatever) so they still did something. I agree with you in the fact that they weren't the cause for the bull run as it's rarely the case for crypto to pump in value over a single reason anyway, but they deserve the credit in this one and I think you should hand it to them.
394  Economy / Economics / Re: are we returning to stone age? on: February 05, 2024, 03:59:50 PM

i cant help. but seeing everything is in the rapid decline, I'm not know-it-all immortal being, but the rate of declining is insane. everyone treating life as YOLO, like the VIDEO GAME, where you can reset and replay the GAME again!

it is not real! the system clearly is getting glitched and out of control, I dont know what better words to describe this phenomena, education is on the rapid decline to a point it is like a city where simon quest occured, and the town is ravaged of gossip that is not true but a big LIES, such as "dont look at the death star or you would die!" the fittest survivalism is going full throttle, it is unbelievable some global power must be behind this insane decivilization, idk how they did so, they doing this virtually undetectable. can this be made into a film or into history chapter?

Or none of you have aware of what I'm talking about? it is scary moment I'm seeing something totally abnormal around me.

there is nothing I can do in real life, got totally silenced, this is where I can even sound my concern.

what I fear most is the lifespan would soon decline to cowboy age where average life of the peasant is about 30yo due to the poor healthcare and knowledge, also based on barbaric cowboy beating each other on street trying to impress girls.
As dire as things go right now, we're still living in one of the most peaceful times in the history of the planet. So it's not like we're fucked sideways. Can't say much about the economy however as we're living in one of the worst economic settings in history no thanks to the rampant decline of the world economy and the fall of capitalism. Now, are we going back to the stone ages? I don't think so. We have proven time and time again that humans could rise above adversity and if in any case a global threat does come around pretty sure we'd be able to pull through just like what we did in the past. I don't think fearmongering is the best thing to do at the moment considering how salvageable the situation is, and it's not like we're in the midst of a global war as well so there's no real threats to our lives at the moment besides the microplastics in our blood lol. What I'm trying to say is we're pretty much still safe regardless of what you think, so stressing about it is going to cause you even more problems than what we have to begin with.

Focus more on self-building and becoming a better version of yourself. Cause one thing's for sure, the world could burn down and everyone you love could leave you, but you will always have yourself. If you can't even stand to get up from the chair you've been sitting on cause you've fattened yourself up so much you couldn't even get out of the house without gasping for air then you're fucked royally. Financial buildup too, cause if the two world wars have proven anything it's that those who have money before the war would survive, and those who do not would die.
395  Other / Meta / Re: (Any Guesses?) Are there many real (unpaid) people still posting here at BCT? on: February 05, 2024, 02:58:28 PM
Signature campaigns have been the forum's bread and butter combo but as it stands the hate for signature campaign members seem to just grow by the day, and I'm not sure if I'm comfortable about it anymore. People stating in their posts that the quality of the forum's gonna shoot up if theymos stopped allowing signature campaigns from happening and the likes have bugged my meta feed for a while now and frankly I just don't understand the hate directed towards people who are given the chance to get paid for doing the same thing they would otherwise do if they aren't.
I might be blind as a bat, but I haven't seen much more vitriol directed against sig campaigns lately.  It used to be really bad a few years ago before the merit system cleaned a lot of garbage created by account farmers and whatnot, but has there been a call to end campaigns and/or an increased amount of posts directed against shitposters in campaigns? 

As far as the reason for the hate....well, I used to be a part of the group of members who were sick and tired of the campaign-driven drivel that polluted and still pollutes many sections of our beloved forum.  Maybe I've grown used to it, maybe the garbage pile has shrunk, I don't know but from what I can see things are a hell of a lot better than they used to be with respect to post quality--overall, I mean.

Matter of fact and this is a keen observation of mine, most shitposters in here aren't even from campaigns, they were those no-sig mfers who push out content shat by ChatGPT or stolen from the bird app to get merits and rise up the ranks, possibly to get signed up on a signature campaign, if they want to shoo shitposters away from this forum I think they should look into that instead of directing their hate against people whose posts are weekly audited and observed for quality.
If a shitposter isn't in a campaign, they're probably looking to rank up and get in one or have some other nefarious motive for cranking out generic, zero-value posts.  That's always been my view, though I don't have any data to back it up.
Honestly could just be me generalizing all the hate anti-sigs have thrown over the years. Although earlier this year I saw quite a couple of those Anti-sig propagandists make posts about how the forum would be better without signature campaigns or something along those lines. So yup. The hate still exists, but you may be right Sir Sceptical, since the topics they have made so far aren't really as hostile as they were back in the days. Just some 'food for thought' stuff although you'd smell the propaganda from a mile away.

As for the shitposter content to rank up and be merited, the thing is that's counter-intuitive. You wanna get merited and rank up so in theory what they should've done is push out great content and focus more on the quality rather than the quantity, and I don't think they're getting merited either since I personally keep tabs on some of those mfers and I haven't seen anyone of them go past the Jr. Member rank. So it's not like these people are getting what they want.
Matter of fact and this is a keen observation of mine, most shitposters in here aren't even from campaigns, they were those no-sig mfers who push out content shat by ChatGPT or stolen from the bird app to get merits and rise up the ranks, possibly to get signed up on a signature campaign, if they want to shoo shitposters away from this forum I think they should look into that instead of directing their hate against people whose posts are weekly audited and observed for quality.
There is a group of sh!tposters you guys are missing in your analysis. I have just seen that type recently in the project development board. A newbie account will drop a project they developed (real or scam), but likely scam and you will immediately see other newbie accounts as the first first to ten comments praising the project and testifying how they made alot of fortune from the project. Probably only one person has those accounts. That is another type of spam that non signature campaign participants generate.
This is correct. Probably just missed to mention these as I have seen a couple of them as well. I stopped checking the Project Development board months ago because of this as well so I haven't kept tabs on these clowns who scam people as much as I check on the newbies I suspect of using ChatGPT and shitposting. I don't think they're getting what they want as well, it's not the first rodeo for most of us so it's not like we're gonna get scammed.
396  Economy / Economics / Re: A course worth studying ? on: February 04, 2024, 11:55:18 PM
So, I watched a video recently where the guest speaker said, that if he gets the opportunity to advise teens in high school he would tell them not to study economics, and it made me scared because I'm studying economics. So, it was like... ' Did I make the wrong choice or something? '. Moving further in the video, I realized that what he was saying and explaining had already been said by my economics lecturer before.

"Economics is a day-to-day practice and is an easy endeavor made difficult for study reasons", he usually said. Watching the video to the end, I asked myself, "If I had the opportunity to go back in time would I pick another course to study? " And the answer was ..." No". And if I have the opportunity to advise any high school student about courses to choose... I'd say "Economics". The more people learn about even basic economics, the better the economy of countries.

So, if you had the opportunity to advise people about courses to choose In University, what would it be and why?
Thing is there's no definitive gauge to determine how "worthy of studying your course is" cause as long as it doesn't talk about how profound Taylor Swift's music (and I shit you not the top university in the Philippines is somehow offering a lecture/course on this fucking deranged concept) is there would be a market for your area of expertise. More so with the economics world. So in that regard I say your course is worthy of studying and grinding for the degree on through and through.

Plus the job market changes drastically from decades to decades. Once we thought of the internet as a cultural fad that would fade off in a few year's time, now we're at the cusp of a new age completely run by the internet of things, opening job opportunities for people who specialize in this degree (except Comp Sci graduates) who are once called nerds or geeks by the people who doesn't understand shit. There's a huge chance that in the future your economics degree could land you a good spot at a firm that needs someone well-versed in the cyclical history of the world economy or something along those lines, don't ever question just how much important or relevant your degree is just cause your dad wants you to be a doctor or an astronaut or something. Do what makes you happy and fulfilled. At the end of the day we study not only to prepare us for the future job we're landing, but for the sake of our mental health as well.
397  Bitcoin / Bitcoin Discussion / Re: Can bitcoin be stolen? on: February 04, 2024, 11:44:46 PM
We all know that bitcoin was earlier stolen by James "Jimmy" Zhong
James Zhong is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; value as of 2023 approximately $3.4 billion) from the online black market Silk Road between 2012 and 2014.He was also involved in the early development of bitcoin,he found an error on Silk Road that allowed him to withdraw more funds than what was initially deposited. This was activated by repeatedly double clicking the withdraw button, and further abused by using multiple accounts on the website. Zhong managed to conceal his identity and elude detection for nearly 10 years. He lived a luxurious lifestyle, using tools such as cryptocurrency mixers to obscure the origin of the bitcoin he spent. In 2019, he made a mistake by transferring a small amount of stolen bitcoin to a cryptocurrency exchange that followed know-your-customer rules. The IRS's criminal investigation division then tracked him down.
Source link: https://en.m.wikipedia.org/wiki/James_Zhong#

It turns out that Bitcoin stealers target not only big companies but individual users with modest amounts in their crypto wallets.

Now bitcoin is one of the safest way to invest digital currency. Because of its new and improved security system it makes it hard for hackers and thief to access

So now the question is bitcoin safe from hackers?, can it be stolen?
Thing is the media sensationalizes large-scale bitcoin thefts when the amount of small-time bitcoin robberies amount to millions of dollars each day. But to their credit JZ was a top-tier criminal for the lump of lard that he is. Only thing is that he doesn’t really outrightly hurt people by the stealings he committed, but instead Silk Road itself as he steals their treasuries collected from customer funds through them, so when shit gets going Silk Road’s left to top up how much he had taken from them.

There’s a part of me that wanted to be sad for the guy too. He pretty much stated that he’s bullied all his life for how fat he is and the only gratification he got was when he got rich from the stealings. Then the government swooped in when they saw him for the big fat sweaty and oily dollar sign that he is, arrested him and threatened jail time on him until he relented and gave them the keys to his million dollar net worth. What a sad story of a guy bullied all his life only to he bullied again by the internet and the government.

Oh well. Of course this means bitcoins can be stolen, but unlike money, anybody with an access to the transaction hash and an internet connection capable of running a toaster could track who stole the bitcoins.
398  Bitcoin / Bitcoin Discussion / Re: If you spent $500-$1000 on bitcoin in 2009-2010 on: February 04, 2024, 11:28:06 PM
Would be in huge profit for sure but I still won't blame them from doing so especially that time. We also have the regrets simply because we already saw how it showed the potential of of it. If you can take  back time, what would you do? Take note that it's value before is not as big as with the others. Therefore, they simply disregard the potential this industry is having. A man selling his pizza for a  or in exchange of his holdings that has nothing much if a value before. But since by now we saw already its peak price increase based on previous market price milestones. It might be too late for other investors but for me nothing's too late. The price is still below its previous all time high which should create enough validation with things that we could still ride the tide. Sometimes it is not only with one's silly decision, give him the benefit of the doubt that he had a strong reason from doing so. That's his money by that time in the first place and for sure he is one who have learned from it at the present. For now, Wait for the right entry point 'coz right now consolidation and demand are around and there are still tendencies for another price correction which we should be waiting to happen.
The main point of his post is not how to build profit by monopolizing the economy and the supply but to actually see how whales could disrupt a thriving economy such as bitcoin’s in the past. Imagine earning almost a quarter of the total economy to yourself. You’d literally have so much buying power that the whole crypto world will depend upon you not selling a single cent of your held supply otherwise a crash would ensue and you’d kill the industry, especially if you did it in its early days.

Now imagine just how much more devastating the effects would be if the sane situation befalls crypto. The implications would be so disastrous every single bag holder here’s gonna have to make a back up application to McDonald’s cause as soon as you sell your position, everyone’s cooked, that is if you can sell your position at all.

Decentralized economies such as bitcoin’s work best when the supply is evenly distributed among its users. Sure we’d get a few whales here and there but it’s not so major that the economy’s gonna be affected for years to come soon as they sell their spot.
399  Economy / Economics / Re: One of the biggest problem in our society is that average person don't have on: February 04, 2024, 11:22:23 PM
Believe it or not there actually is a reason for why the government seems to not give people the means to start their own business and once you find out what it is you’ll understand why people shouldn’t also be given money willy-nilly.

First off. Let's assume you live in a fictional country where people give you the benefit of the doubt. Let’s call that country crypto land for the sake of simplicity. In crypto land people are given money by the government once they pull out the “I’m gonna need the money so Ican start my own business and change my life” card. So much so that even scammers and addicts used this very phrase to dupe the government into giving them free drug money. Soon enough the country stopped giving a fuck and everyone stopped working and producing for the economy since their government could give them money anyway once they say the magic words. And so economy crashes. Crypto land is no more.

The other scenario is pretty much cut and dry. 90% of businesses established by small entrepreneurs die off due to the fierce competition in the market and sometimes human error. When they do go bankrupt the money that they were supposed to use for capital just goes back to the richest 1% fattening up their wallets even further. So governments and banking institutions made it a point to screen all the people that would take up a loan on them to make sure they’d use the money wisely and most effectively.
400  Economy / Economics / Re: strange indicators to know economy is bad on: February 04, 2024, 10:35:27 PM
If I may add, I could also stand to include instant ramen index here, as well as the Pizza index.

Instant Ramen sales shoot up during economic upheavals and crashes as well as during expected disasters like typhoons and hurricanes, as people see the benefit of eating a hearty meal that would fill them up for hours for 10 cents a pack. As the economy becomes better however, less people buy it to be consumed immediately, and more to pack up for the stormy days. Incidentally this is also going to decrease demand around instant ramen unless you're a broke college student down to his last 4 bucks. Pizza index on the other hand is pretty linear, people will buy less pizza and more pizza stores are going to close during economic crashes (not to be confused with the Pizza index that a lot of restaurants figured out correlating pizza sales to upcoming issues around safety within the US borders). I saw this happen to most of my mom-and-pop pizza places within my area when lockdown was at its peak and people couldn't get out, as well as the economy crashing to the ground no thanks to COVID-19. It's quite hard for people to splurge that much cash when they are in hermit and saving mode so instead of opting for pizza, they might choose more sustainable options like healthy vegetable meals cooked inside the house. It's also worth noting that Pizza sales dwindle and may even become zilch in some cases when there is an economic crash, making it one of the most definitive ways to figure out if the economy's on the shitbox or if it could still recover.
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