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3981  Economy / Gambling discussion / Re: taking out a loan for a sports bet on: June 08, 2022, 07:33:51 PM
Seeing how infrequently the thread creator posts, I doubt we'll ever find out if he took the loan and how it turned out if he did.

From any rational point of view it is crazy what is being proposed. The only exception would be if he knew 100% that a team had been bought to lose, which is highly unlikely to happen and virtually impossible for anyone outside the deal to find out.

So no, don't do that crazy thing.
I think the author of this thread is safe... He is not going to borrow 50,000$-100,000$ from any lender or institution without a very good collateral. Cheesy

Even craziest than borrowing money to gamble, it is to lend such amounts of money to a gambler without a guarantee he can pay back if his bet goes wrong.

With huge money there are many other methods to invest and make that sum grow. It's really not necessary to go all in one bet, doesn't matter how safe it looks.
3982  Economy / Gambling discussion / Re: How Profitable are Gambling Bots? on: June 08, 2022, 04:23:28 PM
In fact, if bots worked, casinos wouldn't allow and provide them to users. Bots are helpful when using strategies you rely on a vast number of bets to make profit, but they don't prevent you from losing money at some point because the house edge is imbatible, therefore bots aren't profitable in no ways. When the gambler doesn't understand the bot functionality, it can be a very dangerous situation for him, since he is going to put all his money, hopes and expectations on this virtual friend in order to profit from a gambling game. After all the gambler just loses everything in record time. I say that due to commiting such mistakes when I was firstly introduced to crypto gambling.

Bots aren't magical trickers or expert mathematicians who will turn the table at your favour. All they do is to replace the action of clicking the roll button and changing bet size, odds you would have to click with your fingers.
3983  Economy / Speculation / Re: It goes same way people never learn btc 30k on: June 08, 2022, 04:13:21 AM
November when the price of Bitcoin reaches nearly $ 70k, I'm sure I will not drop it anymore below $ 50k, but this is what happens, once again this proves that we must be realistic, better selling immediately when we have gotten a big profit, and who have not yet started Then the price of $ 30k is a very good start to get a big profit.

This is so naive. People thought they had achieved "big profit" when Bitcoin went from $100 to S1000 in 2013 but a few years later it was worth 20 times more. You either constantly move your money trying to catch every 5-10% move and make money this way or you hold and don't care about anything less than 100%.

Many people become reluctant when there is a market crash, some got worried thinking it drops more which makes them decide to sell their Bitcoin. Well, that was the difference between and short-term holder and a long-term holder every crash that the market been shown these short-term holders react immediately while these long-term holders just listen and observe the market trend.

From what I see, risk-takers will actually be making a huge profit compared to casual investors. They are always looking for a positive view and achievement of the market, not on daily changes.
Sometimes it's hard to be an investor, because you must be prepared for every scenarions, not only the bright bullish ones. A lot of confidence, patience and planning are needed, since we don't know for how long it will be necessary to hold our coins until profit can be made.

I believe there are two main reasons why people get so fearful and hysteric during bearish markets: they have invested money that will have to be used soon or they don't really trust bitcoin's potential. Once the individual trusts bitcoin and have the assurance it's going to rise again soon, he simply changes his mindset and start seeing things like you said in your post: in a positive way and focusing on the recent achievements of the market.
3984  Bitcoin / Bitcoin Discussion / Re: New York's push to ban crypto mining on: June 08, 2022, 02:33:52 AM
Actually, does anything good come from this state nowadays? This is the perfect concept of the progressist paradise on practice: abusive behavior from authorities against those who they can't control or have no influence over, no respect for privacy and individuals' decisions, censorship as a measure to solve what they consider issues.
It's not the end of the world, though. There are many other places where people can mine bitcoins, including in US. And without any doubts, much better places thinking on the sustainability and profitability of the business. I think people need to get closer to other people who have similar ideas and world views for an harmonic life. And situations like this help people searching for places where they could belong and be respected, while living accordingly to their convictions and goals.
3985  Economy / Speculation / Re: BTC price suddenly dropped from $ 31K on: June 07, 2022, 09:54:09 PM
Bitcoin is back to the same price range is was before the recent dump. I guess it was just a speculative move from big investors selling their coins. Fortunately support levels are strong at this moment and bitcoin has been pushed above again. Little events like this are helpful to raise confidence among investors, as they can see bitcoin is pretty strong and solid.
It's a signal investors are fearful bitcoin won't stay cheap for too long, so at the minor of the crashes they immediately set their entry point to not miss the opportunity. I see it favorably for bitcoin.
3986  Economy / Economics / Re: Countries with the most expensive fuel | Greece's case study on: June 07, 2022, 08:46:50 PM
Here the situation is worrying. Minimum wage is 242$ and average gasoline liter price is around 1,44$. Diesel fuel is almost the same price of gasoline and there are risks of shortage soon. In case there isn't enough supply for the internal market, the government will try a barter system with another countries, exchanging food for fuel directly. At least that is what the president says, although it's not possible to take his words in consideration, because he isn't a man of his word.

That is the price to be paid for not adopting and developing sustainable sources of energy in abundance. Now the world is heavily dependant on Russia and its friends for one of the most basic goods indispensable in the economy of a country.

To make things worse, most people here live with a minimum wage, while 17,5 million families are living supported by government's welfare program, which is also used as political bargain coin to bribe the miserable for votes in electoral years.
3987  Bitcoin / Bitcoin Discussion / Re: Bitcoin price and actions to raise it on: June 07, 2022, 07:27:14 PM
This is the time to look around and ask: What else can be done to sustain BTC growth? How to increase interest in BTC? Everything possible is already being done on the stock exchange. Where are the other growth points? Growth points in increasing demand and interest. Experienced people and beginners love to play. Therefore, growth points can be in expanding people's awareness and offering new tools.

I think it's time to make websites with prices in different currencies: dollars, euros and crypto. It seems to me that this will contribute to the popularization of cryptocurrencies. Strengthening the popularity of cryptocurrencies would lead to an increase in their rate, to more lively trading, and as a result, to strengthening the status of cryptocurrencies.

I don't think tje future of BTC (and crypto) is in the hands of the individual, rather governments and bigger players because their addoption (or lessening of regulations / finding a middle ground) is what can push it through to the next stage, so us little people have done their part (more or less) and now we need to see how all this unfolds.
This is a big issue, because when governments and whales take the main roles in crypto universe, it means the environment is becoming centralized and individuals are still slaves of the mainstream system. It actually defeats the purpose of bitcoin. Individuals are the main benefited by bitcoin, therefore should be the main interested ones in making it work by adopting it, using it daily and consequently splitting bitcoins among most hands as possible in order to avoid centralization and heavy market manipulation.

Somehow it has happened along the years, because as we can see market manipulation isn't so strong right now in a point to completely crash the market to the bottom. Support levels are decent and the more adoption grows, more stable the market must be.

About actions to raise price, they are all about increasing demand. And not only demand from investors specifically. Most people in the world aren't investors, but wasters/spenders. To grab this public, businesses must integrate bitcoin to their platforms and offer promotions to customers. For an example: credit/debit bitcoin cards with generous cashback feature, high cashback percentage from purchases made with bitcoin, discounts when shopping with bitcoin an so on... It depends the creativity of each business to encourage people using cryptocurrency.
3988  Alternate cryptocurrencies / Altcoin Discussion / Re: Biggest mistake in crypto? on: June 07, 2022, 06:22:20 PM
What have been your biggest blunders so far when it comes to cryptocurrency? We all know that how much volatile the industry is. And the things that made you regret your decision? Can you share your thoughts, guys?
Biggest mistake was to not buy more bitcoins when they were cheap as few hundreds of dollars, to not have worked more often on micro tasks to earn plenty of satoshis, to have sold bitcoins when they were cheap just to show people it was possible to earn money from the internet and that bitcoin is a real currency, which has a real value and demand. These are mistakes which make me regret on the present moment, because they would make total difference in life right now for the better. Anyway I can't and shouldn't complain about it. I think we must be thankful for what we have achieved, even if it is not the life standard we dream of.

Every conquest matters. We should be proud of them and be aware without God none of them would be possible to be reached.
3989  Economy / Gambling / Re: How do you know how to trust online sportsbooks? on: June 06, 2022, 11:37:50 PM
If you want to find out easily, try to check the feedback or reviews of players who have played there. We can see that in this forum thread or on sites that provide gambling site recommendation services. Also, feedback from outside the forum like google and their social media.
This is the simplest and one of the most efficient ways to check a site's legitimacy. If it's not a good place to bet, of course there will be several complains in different sites and forums on the internet. And in case there is none, better to avoid the sportsbook until it becomes more popular and recognized by the gambling virtual community. Reviews are easy to find and are usually very complete. All important informations and details, like for how long the site is operating, can be found there.

One trick I use is to always search the website's name followed by the word "scam" on google. If there is something against them, it will appear on the top results. When there is nothing, the support promptly replies and solves the situation or the accusations are fragile it's an evidence the site is safe to play.
3990  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this a good list for longterm investment? on: June 06, 2022, 11:15:38 PM
1/6 Bitcoin (BTC)
1/6 Ethereum (ETH)
1/6 Polygon (MATIC)
1/6 ApeCoin (APE)
1/6 Aave (AAVE)
1/6 Astar (ASTR)
1/6 invested in bitcoin looks too low. It's interesting that bitcoin investment represents the largest portion of an investor's portfolio. On the most extreme of the cases I would put at least 50% of the total amout to be invested in bitcoin, while being conservative this percentage should rise to 80%. About the preference of which altcoins to choose, it's up to each individual, but with the exception of ethereum, I don't feel confident investing on the other mentioned coins.

When investing in altcoins, I'm not interested only on their price increasement potential, but also on the features they offer for holding them, especially when attached to a crypto platform.
3991  Economy / Marketplace / Re: Crypto is digital. When will physical assets be brought on chain? on: June 06, 2022, 10:39:36 PM
Startups are already working with blockchain to provide solutions against counterfeiting:

Quote
Startups provide their own solutions to the problem

Arianee, rated by Early Metrics in 2019, has made a name for itself in this space. The startup develops a blockchain platform for luxury brands to authenticate their products digitally. Each luxury item gets its own digital certificate with encrypted records that capture all of the product’s details. These include the acquisition dates, insurance, materials and more. Product owners can register their items on the startup’s app, which are then. reviewed by the startup or a third party for validation

The startup’s advisors include executives from Richemont International and Balenciaga. It also bolstered its position on the market by landing several reputable clients. Arianee recently announced that Vacheron Constantin will be delivering all its watches with the startup’s blockchain-based certificates by 2021. Other clients include BREITLING, Audemars Piguet, Roger Dubuis and Mugler.

Shanghai-based VeChain also develops a blockchain platform aimed among other things at fighting counterfeiting. The startup placed in the top 1% of Early Metrics’ rated startups and has secured clients such as LVMH and Givenchy. Chainvine is another example of an up-and-coming rated startup providing bespoke blockchain services. One of its main services is the integration counterfeit prevention in the supply chain of wine producers and other food and beverage players.
Luxury brands using blockchain to fight counterfeiting

This is just  the first step. Once brands themselves adopt blockchain to certificate the origin of their goods to customers we will have the assurance the world is moving ahead in blockchain adoption. It's easy to fake a paper, a seal or package, but you it's not possible to fake blockchain data which can be accessed by anyone in real time. A very smart usage for blockchain, indeed.
3992  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: June 06, 2022, 09:16:07 PM
Germany is planning to build LNG terminals on their territory to replace the supply of russian gas demanded by the country and maybe will be able to export part of the production to another countries. That is a necessary measure that is advancing fastly in the political sphere in order to execute the project sooner as possible, because Europe is in a hurry. I hope their plans work until a definitive solution can be found, since it's not possible to rely on LNG forever, since it's a finite source of energy (non-sustainable). Besides this disadvantage, another one is the fact LNG terminals are expensive to be built, so a huge investment is needed, but I guess it's not an issue at all for european bureaucrats.

If the plan works as expected, dependance on russian gas will decrease from 55% to 10% by 2024.
LNG revolution: Germany’s plan to wean itself off Russian gas takes shape
3993  Alternate cryptocurrencies / Altcoin Discussion / Re: How can i earn a passive income with Altcoins? on: June 06, 2022, 05:43:26 PM
Hi,

i wanted to create a passive income with the crypto.com lending. But they changed their terms, so i would need a lot more money to get the same result as before (with my plan i would get since middle 2025 ~a monthly passive income).
How much percentage return are you looking for? As far as I know crypto.com offers decent, reasonable and realistic rates on their platform, just like similar investment sites such as Nexo, Blockfi and Celsius. You won't find any legit services offering much more than that. Sites offering high returns over your investments are hyips and ponzi schemes.

Another option is to invest in specific altcoins which offers higher yield, but it's not for nothing such offers exist... These coins tend to lose value as the time passes, so they pay more interest in a desperate attempt to create a temporary hype to boost the token's price. Some people think it worths, but for me it's not a good idea. Better to invest in solid currencies while earning lower interest, especially when focusing on returns in 3 years from now.

The percentage return for stablecoins was 12% p.a. on crypto.com. now they changed it to 8%. Also they made now 3 stages: the first one is until 3.000$ you get 100% of the percentage. Second stage are the next 27.000$, half of the percentage. And everything above that gets only 30% of the full percentage... When i made the plans with the monthly income the percentage was on 12% :/

Would be nice, if i get something like that for stablecoins. But as i said, i'm also happy with ~60$/month to reinvest in BTC Smiley
Usually these platforms only pay 12% apy when you fully fulfill their requirements which involve holding a determined amount of native tokens from the company on your portfolio while also receiving interest on this native currency. If you don't accomplish with any requirements, the interest rates may stay up to 8% apy or similar. At least in NEXO that is how it works. Crypto.com I'm not familiar with yet. I have an account there, but didn't invest on the platform.

What I like about NEXO is that you can access the website through desktop and their frequent, fair and accessible promotions they launch from times to times. It's possible to earn some nice extra money by referring active investors to the site.
3994  Alternate cryptocurrencies / Altcoin Discussion / Re: Dumb plan? on: June 06, 2022, 08:23:11 AM
It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?
Yes, before we had litecoin which was considered the silver of crypto universe, there were dash, monero and different bitcoin variations (from forks). And now, look where those coins are ranked. From the main ones, only bitcoin, ethereum and dogecoin remained influent (top 10). Meanwhile, many other cryptocurrencies appeared and became more important and popular among investors.

But in fact, what extraordinary features do they offer besides the ones already presented by the previous generations of cryptocurrencies? And what guarantees do investors have the currently top altcoins aren't going to be replaced soon? None! Take this in consideration when deciding where you are going to invest your money.

Read the history of cryptocurrencies since the early days. Check which of them have real potential of growing on long run. It's not so hard to do so. And when looking for new projects, make sure if they bring something really new to the market, or if they are just copies of past altcoins.
3995  Bitcoin / Bitcoin Discussion / Re: The average joe would never accept bitcoin as means of payment due to tx fees on: June 06, 2022, 03:15:35 AM
Transaction fees don't matter when you have local exchanges in your country because they won't charge you any transaction fees as long as you are sending and receiving from the same local exchanges like ours. The good thing about it is you can also implement it in your stores and services because of these convenient features and some accept it as bus fare to promote the payment of bitcoins. There are lots of things to make it convenient just don't use the usual wallet you have because it would delay and probably you will gonna be stuck in the line which is really annoying.
That is one possible solution for the issue presented by OP. Furthermore, there are websites dealing with bitcoin which don't charge expensive fees, because they are used to send large batches of transactions all day long and there is also the possibility to choose between fast or slow transaction speed. The second option demands cheaper fees. Perfect for those who don't want to spend too much and aren't in a hurry to complete their transactions.

About the hacking issue, there are many security mechanisms used nowadays to prevent this. Strong passwords containing letters - numbers - symbols, 2fa, deactivated withdrawal (until the setting is changed by the user, what takes few days to be done)... And in case of typing the receiver address wrongly, the person can always save an address on his favorites, so he just copy and paste it. After doing this few times there are no mistakes. But of course attention is always a must.
3996  Economy / Gambling / Re: Online casino. What's the reliability of the technology? on: June 06, 2022, 12:16:52 AM
You can trust the casino license.

The casino does not need to cheat on slot games. If the gambler loses too quickly without ever winning, he will not play the slot again. Smiley
If you don't have a huge balance, you don't have to worry about cheating.


At some point, you may not trust casinos. Some had acquired a license just to look like it was legit but behind this paper and certification, illegal activities have been their doings. We can compare two casinos, if we keep losing to one of them, while the other we can win - that is something questionable and for sure there is a sort of manipulation on the machines. It gonna be cheating. It was better to gamble where know that we are not cheated, at least if we lose, we know that we are unlucky that day, not because someone cheated us.
I suppose the casino has nothing to do with slot machines games' results, since they come from a third party provider, who is responsible for the RTP percentage announced and every mechanics involving the game. The only thing gamblers have in their favour is the word and reputation of the company which develops slots games. Since it's not enough and since the gambling community is so united nowadays, thanks to the internet forums and social medias' groups, it shouldn't be hard to spot a bad or cheater slots' provider and gather proofs to move an organized petition to casinos asking them to remove the brand from the betting platforms.
3997  Alternate cryptocurrencies / Altcoin Discussion / Re: How can i earn a passive income with Altcoins? on: June 05, 2022, 11:16:39 PM
Hi,

i wanted to create a passive income with the crypto.com lending. But they changed their terms, so i would need a lot more money to get the same result as before (with my plan i would get since middle 2025 ~a monthly passive income).
How much percentage return are you looking for? As far as I know crypto.com offers decent, reasonable and realistic rates on their platform, just like similar investment sites such as Nexo, Blockfi and Celsius. You won't find any legit services offering much more than that. Sites offering high returns over your investments are hyips and ponzi schemes.

Another option is to invest in specific altcoins which offers higher yield, but it's not for nothing such offers exist... These coins tend to lose value as the time passes, so they pay more interest in a desperate attempt to create a temporary hype to boost the token's price. Some people think it worths, but for me it's not a good idea. Better to invest in solid currencies while earning lower interest, especially when focusing on returns in 3 years from now.
3998  Economy / Gambling discussion / Re: friendly and profitable board for beginners, have you realized it? on: June 05, 2022, 10:58:10 PM
The point is that there are predictions of every kinds on the forum and after all, it's up to you to pick a side and decide by yourself which result makes more sense. Therefore, only after the game is played you will know if you were right or wrong. I've seen it regards almost every games and matches being discussed here. There isn't anything like 'safe gambling' where you follow someone's guesses and make profit on long run. I believe if such things were possible, everyone would be profiting from their bets right now and casinos would have gone bankrupt already.
3999  Economy / Gambling discussion / Re: Can Old Casino Keep Up Without Support Here In Bitcointalk Or Signature Campaign on: June 04, 2022, 11:33:32 PM
Am sure Bitcointalk is not the only place which marketing can be made, their are lot's of casino sites in my country that are not using Bitcointalk to market their site and they are doing well. Their are other places which you can market and people will get to know about the casino site, old casino sites marketing on Bitcointalk can decide to stop maybe they are not interested again or they have their own personal reason why they have to stop it, maybe they have seen another alternative with is better than Bitcointalk, but to me Bitcointalk is one of the places which I will recommend to people to market their casino site.
Bitcointalk forum is the best place for advertising crypto casinos exclusively. It wouldn't make sense for fiat casinos to advertise here, because they won't find the target public they are looking for in a bitcoin community. Then they have to find another methods to promote their brands and services, always aiming the kind of public they think it's more benefical for them. That is probably the reason why casinos in your country are doing well.

But for crypto casinos I don't see better alternatives besides bitcointalk forum to stay in evidence on the most popular crypto forum of the planet, and at social medias' channels to share their temporary giveaways and promotions.
4000  Economy / Trading Discussion / Re: Should I buy BTC or DCA other coins? on: June 04, 2022, 10:52:30 PM
A core bitcoiner will always tell you to buy bitcoin. And that is a nice advice. The great difference between bitcoin and some altcoins is, in 5years time, we are sure to see bitcoin here, but this cannot be said for many altcoins.

In the other hand, a lover of altcoins will give you some good coins you will buy which can do x2 to x5 for you and that cannot easily be said of bitcoin. So, it all boils down to what you want.
Bitcoin has total conditions of delivering x2 of the investments made right now. We are near 30,000$ price range, while the ATH was almost 70,000$. It's likely bitcoin will surpass that ATH yet, so even on the humblest scenario (that is to repeat the same ATH), investors will double their investments. And being optimistic, x5, that is bitcoin reaching to 150,000$, seems possible as well.

The difference is that regards altcoins, the risks when investing on them are higher. But in percentage increasement potential, bitcoin is still a very strong one. Only greedy investors can't get satisfied with BTC returns, because they are looking for exorbitant returns (like 1000% and above) on short run.

My advice is always to buy bitcoin if the money is not what you want to pay rent next month with.
Note that you can also DCA bitcoin, averaging is not only particular to altcoins.
That is a good advice and an interesting strategy to follow, although I'm not used to it, since I tend to do things in a single shot, instead of DCA.
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