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3941  Economy / Gambling discussion / Re: Esports Prediction & Discussion Thread on: September 20, 2021, 03:54:01 PM
I was watching a Valorant stream of some big games but they made no effort to explain anything to those not fully upto speed on all the finer points of the game which is essential to building an audience, the game is still new in the bigger picture.    They havent yet hooked me anyway, good to see Steel and Hiko pop up in the names anyhow.

G2 vs mibr is going to G2 and probably in 2 maps I think so no advantage to be had there.    I think Nip vs Big should go favor Nip because they are improving and coming together as a team where as Big has lost a big part of their firepower so would seem far more likely to struggle plus I would rate them as them as underdog even under perfect conditions tbh.  Hedge with 3 maps
3942  Economy / Speculation / Re: Bitcoin Golden Cross approaching on: September 20, 2021, 11:53:36 AM
I dont take the golden cross as anything literal that I can trade mostly because thats my experience, its not been of benefit to me previously.    I can go with 200 day average because its so long term and its only a general indicator, main thing I'm told is to respect its direction more then being like any kind of local support.  So 200 day average is rising and I think we are positive in that context but right this moment we are trading negatively and thats my guess for the mood to BTC maybe largely because general markets are experiencing some turbulence and that easily spreads to other assets.

If its correct we cant expect support in this area then 42k or even 39k is reasonable for a reset perhaps.
3943  Economy / Gambling discussion / Re: Dice multiplayer theory on: September 20, 2021, 06:11:15 AM
Quote
my record 40 times in a row <49.5%

Thats so unlikely, it shouldn't ever happen & if calculated using probability theory the odds would be like winning the lottery surely.   Thats about 40 coin flips coming up heads, obviously if I was angry about the loss I'd just assume the game broke or was bugged in some way.  It is true afaik that computers cannot generate random numbers by themselves, they require to source data from perhaps radioactive decay factors etc.   I doubt thats being done for a dice game hence perhaps highly unlikely events.    However if it occurs as loss, it might also appear as a win.   Anyhow I think I prefer the crash game multiplier over dice, it always appears with bonkers results seems like.
3944  Economy / Economics / Re: Food prices doubled this year on: September 20, 2021, 05:32:09 AM
This problem is caused by this epidemic.

The epidemic though quite unusual is not unprecedented entirely, we had millions die in the 70's from a flu virus like this H3N2.   The reason prices especially rise is greater supply of cash to pay for goods which are not being supplied great enough quantity.   I just read they had to close down agricultural fertilizer plants that made growing food far easier because the price of natural gas has made it uneconomic for them.  
  People might complain about food prices rising but its also a part of a market system whereby a higher food price justifies to a farmer investment into production.   It has to balance out for those producers or they cannot continue and will decline investment longterm, this all is part of why inflation is destructive eventually because it makes so many prices unstable and not profitable in a supply chain.
3945  Economy / Economics / Re: Chinese construction Mega-Bankruptcy. Evergrande about to crash for 355B on: September 20, 2021, 05:16:25 AM
I was trading through the Lehmans failure and it was far larger because it was symptomatic and also with contagion effect.   AIG would have failed also, this was the backing for many other instruments or ETN assets which essentially are traded prices that actually are debt or IOU.  Multiple failures would have caused others to fail in simple terms.  
   What happens with Evergrande despite them having finance operations is the contractors go broke, its damage to the building industry I wouldnt doubt and outside of that private citizens who had some debt with Evergrande expecting payoff in housing or monetary value wont receive even half back I guess.  So its a deflationary effect but Im not sure it spreads like the way all banks are entwined to each other in the system known as fractional reserve etc.
3946  Economy / Economics / Re: El Salvador retirees protest against Bitcoin as legal tender on: September 19, 2021, 09:18:29 PM
Just sounds like people unfamiliar resisting the hassle of learning and I dont blame them but how are they are worse off if they are equally able to continue as they were before.  Nobody will force the pensioners to accept Bitcoin surely.   The biggest deal about BTC being legal tender is that it no longer makes much sense to be blocking it in some tax capture for its appreciation as commodities have been used as basis for currency previously and similarly appreciated.  The fact that a country is using BTC for common exchange should give it far better standing against targeting for tax in any country really and I can see why the IMF objected as the current meta is to only allow populations to exchange tokens which are losing value constantly and have no value outside of politics.
3947  Economy / Economics / Re: Tulip Mania 2.0 on: September 19, 2021, 08:21:59 PM
NFT are a sign of the boom because they cannot stay liquid under any monetary deflation which requires the sale of assets.   Doesnt mean they have to be worthless then but without a price for years might occur because there isnt an effective market for them at that time.   I dont think NFT is far off the rare pepe meme where people just make some iteration I always thought it was a joke but life imitates art perhaps
3948  Economy / Gambling discussion / Re: probability theory on: September 19, 2021, 06:32:33 AM
Study Mathematics and take a course option for probability theory and statistical analysis.   IF you do that and take a serious attitude to considering risk outcomes and the calculation of odds with confidence intervals and all kinds of learning possible you might gain a better understanding then you currently have.   Its easy for anyone here to recommend you take a different path, my own take would be to manage your money better but if you have an active brain on this subject then formalize your interest and advance your understanding properly.
   I studied stats in school and its one of the most practical self advancing subjects you can study in any arena, use whatever energy you got to do better for yourself.  Stay positive Smiley
3949  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 19, 2021, 06:22:45 AM
Wow you're close to encash your reward points. How long did it takes before you reach that 94k rp? I only have over 2k rp and its been months since I started. I often get lottery tickets on my free spins and thats the reason why.

Realistically you either gamble alot and receive RP all the time that way or you receive RP because you entered one of the FUN premium token tiers and get free wheel spins that way.   I did used to win 5k RP from the free newsletter spin so there is that as well but that requires alot of luck and I wouldn't expect 20x times that luck in the next year or even two.
  I think thats one of the good excuses to utilize the FUN token because its way easier to collect RP that way.  I can remember getting 20k lotto tickets 1 week just from wheel spins or similar but I believe the possibility is equal for RP and I'd rather have the RP.
3950  Economy / Speculation / Re: History never repeats itself but it rhymes ~ Mark Twain on: September 19, 2021, 05:57:04 AM
History never repeats itself but it rhymes ~  Mark Twain

TA is a range of probabilities or scenarios that might occur, of course we cannot know future events for sure both natural and political but the assumption is a market with human participants contains recognizable traits that repeat in a pattern.
   The macro economy is a natural phenomena because its determined by people ultimately and people are natural in their actions despite our consciousnesses and ability to adapt in many ways.  The reasonable conclusion is 2021 chart patterns will resemble Dow theory 19th Century market moves because the fundamentals are similarly the same.   The FED and other entities dont acknowledge this natural pattern, price fixing is considered superior and imo the whole subject of economics in study has been eclipsed for decades by politics and nationalized spending with debt (not trade).
   My take is we ultimately revert to natural patterns not under the control of the FED, thats very bearish because its reality disrupting their multi decade day dream like the Greek debt crisis and can occur in any country with excessive debt vs exports as there is no natural reason to hold debt in exchange rather then alternatives and BTC is one of those alternatives in a speculative way.

Your chart OP doesnt have to resolve in a bearish way but I agree pullbacks are quite normal overall.  I'd say we are bullish right till market proves us otherwise, usually there is alot of notice given such as a slowing to price action and price moves below moving averages etc.    We're on the 2 day average and above almost all others, it would seem BTC is not near stall speed at present.

  My biggest or simple take is watch the weekly average for a mood to price
3951  Economy / Speculation / Re: The indices that makes bitcoin price on: September 19, 2021, 04:55:56 AM
Bitcoin has some relation to main market index like SP500 in that both are speculative  and reacting to weak currency but there is no direct link apart from Bitcoin being traded by some of the same people.   If SP500 goes down it requires leverage coverage which might mean people close out their BTC leveraged position to cover the SP500.     This is true in general the more an asset is seen as outside the norm or most conservative assets, the greater the volatility and pullback it may experience at times.
3952  Economy / Speculation / Re: Crypto Price Prediction on: September 18, 2021, 10:51:59 PM
Present action is above levels that previously held us back such as 47.3k but I'm still waiting for BTC to outlast possible negative trends left 53k high seen this month.   We do have good momentum above 50 and 200 average but to really gain especially we have establish new volume at these higher prices which makes it still an ongoing situation I wont assume we must go higher.
  If dont seal the higher price range we'll repeat once again back to high 30's prices I think as thats the bulk of inertia for this year, it stopped us falling further in the early summer and will likely act similar now but first we speculate if we are to pull back right now or not.
3953  Economy / Gambling discussion / Re: Slot vs Video Poker on: September 18, 2021, 12:10:46 AM
Poker is largely luck based anyhow but the human element allows you to win with nothing at all, if Video poker were to miss out that element of the game its unfortunate because its alot closer to slots again anyhow.  The one advantage slots can tout in its favor is that the money is contained in the machine from previous winnings and there is a payout ratio due, however I think the ratio is not per slot but the entire casino game or even people say the game ratio might be shared for a whole operator.   That makes its very hard to know when the slot 'owes' you cash and the payout is more likely.   Somehow I have done well with slots in the past on occasion and I just stuck to whatever worked and didn't do high stakes, I cant say I know it was me or just persistence and eventually I got enough I was in profit so quite happy.
3954  Economy / Gambling discussion / Re: Esports Prediction & Discussion Thread on: September 17, 2021, 05:27:47 PM
EG to take a map is risky

I soon learned yep, what happened please Tarik come back.    Just this set of games says alot, somehow Astralis looking not their best also because it has to deal with a new team setup I guess:




The odds for EG vs Liquid now is 6 to 1  but they are both NA teams who know each other better then most.   Still its cursed now :p

Its gone to as high as 8.5 to bet EG, I went 3 maps a small amount.  No point taking 1.04x or similar bets imo.    Could always bet EG then cash out when or if they ever come to challenge rounds wise on a map
  The casters both NA also describe Daps as residing on death row almost, ex valorant refugee now here injured and stating he wants to leave active play; explains alot.  He does ok in this clip though
3955  Economy / Speculation / Re: The bitcoin market just gifted the El Salvadorians 15% discount on: September 17, 2021, 05:23:29 AM
The BTC price is just breaking above the half way line between the peak and low from the day of the national currency start and the sell off.   I'd say recent action is quite bullish, good momentum and appears to consolidate above a Fib level meaning we could at least go onto to confirm within a range as we were previously.   Just a rough take if we can manage to keep above the fake news spike I consider price in good recovery or fib level about 47k similarly.

3956  Economy / Speculation / Re: Is bitcoin a good investment in this pendamic situation? on: September 16, 2021, 11:59:45 PM
The whole idea of keeping a distance, being online & remote transactions surely does fit into BTC meta but I dont know the pandemic would even help normally because its a deflationary event leading to lower amounts of business in the economy occurring.   Deflation normally favors the hardest forms of money and speculative assets would retract in value during this time such as something cutting edge and new like Bitcoin.
   However this particular modern age mass economy event was met with massive monetary base expansion, the dilution and creation of new dollars means a very easy policy from the central bank which does help all kinds of speculative activity and I think this is why BTC rose especially so fast in the last year as an effect.
3957  Economy / Speculation / Re: Bitcoin Golden Cross approaching on: September 16, 2021, 11:14:46 PM
Moving averages relate to momentum in the price, its nothing more then data till conclusions are pressed as to how this will effect current price.  Its not especially far fetched for a rising average price to be considered bullish, the 50 day above 200 just implies a positive phase where as earlier this year we entered a sell off period quite normal after such rises.
  Speculative trades do tend to guess MA as support or guidance in some way which is probably where it becomes too stretched in its reliance however its never just invented its a reflection of price history so valid to refer to imo.  Right now we just above 2 day average, a very fast measure to trade along and also the monthly average price is in this area, sideways consolidation is occurring most likely.
3958  Economy / Speculation / Re: Bitcoin in 2022? on: September 16, 2021, 10:32:33 PM
I know some predict 100k and thats the potential perhaps but the more normal reality would be in the region of 50k or so and certainly the 50 week average is more reliable guide then the peak prices which are frothy in reaction to speculation.   Obviously it can happen but I more expect us to stay within the trajectory of prior price action which is more modest then 100k
3959  Economy / Gambling discussion / Re: Esports Prediction & Discussion Thread on: September 16, 2021, 01:05:47 AM
I see alot Blast matches should be good to bet.  Putting down Astralis to win but EG get 1 map is 3.2x odds which seems good to me and similar for Vitality vs Liquid.
  Right now is also Dreamhack qualifier matches with Mythic vs a team of people I never of, Mythic arent fully serious retired streamers etc and dont practice especially last I checked so I'll just go with 3 maps low bet for fun because certainly they have the experience to challenge most upstart teams
3960  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 15, 2021, 11:57:05 PM
Quote
For the fun of it, i'm gonna bet short on BTC.

Bet on zero and you would win zero in effect a pointless bet, its a funny depreciating pay for betting lower.   Better to be optimistic and if we did rise the worth is greater also.   I'm sure this concept might even make someone good at maths wonder how to account for it within the nominal odds to risk ratio because its not as even as it might appear between the two outcomes.   Of course we could just touch lower for the last day of the month then double the next day, its impossible to say for sure.   Or if you had a certain BTC liability in similar time scale, it also makes more sense then too.
  We saw a sell recently from a top, it matched a channel or trend and if I extrapolate that out to end of month it reads 57,258 for the best case scenario in higher probability range, of course just another guess.
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