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401  Economy / Gambling discussion / Re: Does casino streamers have influence in your gambling life? on: February 25, 2024, 10:46:54 PM
Casino streamers is a great advert avenue I think, not because its so complicated just its making something unknown more normal and familiar which is alot to introduce a new audience perhaps.   If you wanted to encourage new players then its an ideal in that respect, just showing the game being played its quite a big deal.    I'm not easily sold on anything but I will acknowledge that much without having to think alot about it, especially if I see a game I like and get into then its many multiples more likely the audience will play themselves imo.
402  Economy / Economics / Re: Why no info about how serious are USA financial situation now ? on: February 25, 2024, 08:53:04 PM
I dont know about collapse especially but reset of some kind is more realistic, reason being actually many nations are naturally blessed in multiple ways with various assets; to expect that not to count and make many scenarios recoverable is unrealistic and overly negative.

I would blame mismanagement and politics for interfering with what should be a profitable economy, most  obvious manifestation of that is the high levels of debt.   People have been speculating about the debt causing a negative scenario to occur of some kind for some time.   I do imagine a better process would replace a negative lossy situation, I hope we do find something more positive then continual debt but with so many factors its not clear how that would develop 100%.
403  Economy / Economics / Re: What did elon do wrong in Twitter on: February 25, 2024, 12:22:39 PM
He is at least trying to do something new, dont spend this much money if you dont have some ideas to put forth and a general plan to methodically improve the product.    The biggest thing to note is he did try to sue his way out of the purchase in some regrets so this thread is well founded, Elon himself saw some mistake in the site and the price he paid and its hard to argue with that.  Going forward I think he is doing something, success or not that will take years to properly conclude beyond just quick fire criticism which is there always no matter what really.



I dont really find this kind of thing anywhere else, an advert can pay to be there but the users themselves can call out its failures right there on the advert.   That alone must scare the advertisers for an idea that could propagate elsewhere, its their worst nightmare possibly.  Imagine Coke advertising and people pointing out just how much sugar is in that product sometimes and other drawbacks to plenty other products, they are right to be very critical of something they are afraid of no doubt.

For contrast YouTube again allows broadcast of adverts, you pay a fee and its sent out.  Those adverts can be criminal not just misleading but actively attacking their user base in a criminal way but its all automated and promoted without question.  The method being accounts that harvest users for funds then disappear afterwards, faking legitimacy in a variety of ways.  Nothing clever, similar stuff we get in emails every day and Gmail does attempt to filter this but YouTube currently is doing the opposite at times.  If I was going to be critical of YouTube or X in this regard, its clear Google is failing massively at times.  Of course you can report, there's a process to review suspect activity and it can take days to occur which is a schedule suiting criminals just fine.
404  Economy / Gambling discussion / Re: A lot of gambling sites are scams ! on: February 25, 2024, 12:07:05 PM
Dont use any site which doesnt have a thread here for users, feedback and involvement of the management of that site.   If nothing else you got to wonder why a site would not want the free publicity from being involved in the largest Bitcoin forum, they will if legit.    
 
You have to presume if a site is secretive in any way which is not normally profitable then why and assume its a negative outcome most likely.  I suppose there could be language reasons why a site would hesitate to come to this forum but there are many languages and cultures here and I just would not believe a site would refuse to engage in business in English on request of a global audience.
  Most sites are global because Bitcoin is global, but its not impossible a site would want to stay small and select I suppose but Im apprehensive from that point on personally.
405  Economy / Gambling discussion / Re: Do You Phase Or Are You Slowing Down Your Gambling Activity When.... on: February 24, 2024, 11:59:22 PM
If anything I gamble more on holidays especially the holy ones, I guess this all varies by religion but I dont find there is a conflict especially so long as im not risking anyone's life or livelihood like the next food budget and we'll starve.   That would be pretty grim but betting is often part of church they run lotteries to fund the church expenses and the prizes are quite moderate, its all seen as being charitable as you allow the church to run a small enterprise easy to setup and the prizes can be donated even.

The game ultimately is for fun and thats my overall attitude to gambling, I hope never to take it too serious or I would probably lose more when doing so from nerves!
406  Economy / Economics / Re: Recession soon? on: February 24, 2024, 11:44:15 PM
The harshest thing I can say is that employees being laid off is not a cause of recession exactly.  If the company works better with less people employed and as a reduced cost to that business then the industry is improved and recession less likely overall.   Its ironic perhaps but some jobs must be refined and figures reduced of those employed and this is actually a positive.

Its one of the things people dislike about company dynamics, laying off employees can boost a company share price as its see as sensible cost cutting and ensures confidence in their long term success possibilities.   Presuming they can carry out the same work with a good margin to continue business of course.   The markets are global not national, this has been true for decades now.

Some of the reasoning was first outlined towards the idea of comparative advantage by Adam Smith in Wealth of Nations 1776 and apparently David Ricardo who I dont know or havent read of as often.   Anyway both are quite relevant to forces ongoing in modern economies.
407  Economy / Economics / Re: If being a graduate is the key to being wealthy, why are there poor graduates? on: February 24, 2024, 11:28:17 PM
If we are being literal then gaining the degree will make you poor as the cost of education is greater then putting the equivalent amount of hours into any other job.  The education doesnt make you rich by itself, you are better off with knowledge and some skills but only application of that knowledge can bring a profit over a life time perhaps and theres no guarantee it was ever worth it.  

This is true on a wider view also, the inventors of technology often are not the greatest beneficiaries of even their own work.  Its possible it may take an entire life time to discover and perfect an invention or discovery in science.   To apply that knowledge to industry is where the vast profits can occur, society values the product more then the idea unfortunately though we do try to protect those who invent its still a general truth in business you make the most in the retail and production supply of a great product.  There are alot of difficulties in actual supply and costs to make any product available to society, we actually all benefit from great gifts from people across the ages some of which never lived to see this positive themselves.
408  Economy / Speculation / Re: Will BTC hit 1M ? on: February 24, 2024, 10:45:54 PM
Looking at the bitcoin rainbow chart, i am a little pessimistic about the bitcoin price projection, it says that bitcoin will reach $773,000 in 2028, that's too soon in my opinion, i think we will be at that level by 2040+.

Thats a good chart because it refers to a spectrum of possibilities just like light can defuse into multiple perceivable outcomes from the same initial shaft of light.   So that chart says its even possible we dont get to 100k by 2028 and its certainly not for sure that we get any of the higher prices through a whole possible range of prices for BTC.

Theres an estimation there that the rate of change for BTC is slowing down.   Its hard to say as the Dollar itself for this price is not a stable rate of change either, so we arent talking an absolute value in the future as it will not exist.  The dollar of each year is not equal to the dollar of any other year, its a unit of currency that constantly alters ironically quite unstable which is often how they criticize BTC as not valid.

To answer OP its possible and at this point quite probable a million is a possible figure for BTC in nominal terms.  Its also true it could take ten years or more to do so, its still an impressive feat imo.
409  Economy / Economics / Re: How many Branches of Economics is there? on: February 24, 2024, 02:30:46 PM
Lets simplify, there are only two main branches of economics.  Hard money and easy money, those who believe in a fixed unit of currency exchangeable from year to year in a way which is never altered such as a paper note exchangeable for some unit of a known commodity or element.  This so called hard currency is not perfect equilibrium as it is reliant on commodity markets which can be very changeable depending on seasons and general supply and demand for whatever commodity we are referring to.
   Easy money economics would be where currency from year to year alters freely most commonly losing value however the current policy of say the Federal reserve is to aim for a low single figures amount of change but even this amounts to losses for the common holder, plain workers who operate with yearly contracts effectively being paid less after inflation.    

I'd name those two broad churches of reason and delusion as the most simple way to sort the branches of economics, both sides tend to believe the other to be a failure condition of some kind so they are fairly opposite alot of the time though nothing is ever perfect.   At present I'd say economics has been eclipsed by politics, imo we are approaching the pitch black peak phase but thats a personal bias Tongue
410  Economy / Gambling / Re: Does anyone find the spate of online casinos a bit uninspired? on: February 24, 2024, 07:03:58 AM
Stick to the classic casinos that have been around a long time, if it safer on multiple aspects why bother to tempt fate and use the newer names that haven't been around long enough to truly know if reliable.    If you really like a new setup for some reason, some game they have, an offer given or something like this then sure go ahead.  Seems best to risk lower amounts with newest setups and be too lazy about recycling your money in and out to be sure you can.
   If you feel as OP completely uninspired I cant see why to bother the trouble of bothering, just put down your bets same place as always.
411  Economy / Gambling discussion / Re: Have you won a bet with your last cash? on: February 23, 2024, 11:29:01 PM
I won a bet after I had no money at all, beat that for extreme luck.    The impossible win was a set of free rolls and luckily I was able to turn that nice free offer into enough sequence of wins to actually qualify beyond the offer and cash out.
 Normally you would lose the cash if having to turn it over continually a couple dozen times, the natural cost of the game and odds of win vs loss will deplete the winnings till you dont have enough above the minimum withdrawal to qualify any longer.   Well I was way above any limits, I stuck to a simple system of playing the game I knew and how I knew it that resulted in wins; boring but safe won the day that time so very lucky.
412  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: February 23, 2024, 10:32:32 PM
Gambling is blocked by most work computers like a few other vice subjects people might know of.   Obvious reasoning its a clear distraction to a large extent and there is no crossover interest from one to the other, nothing work related is gambling most of the time so its an easy exclusion and many utility providers will do this by default rule set.   That software then is sold across entire company network and set in policy, Ive seen it built into routers and anti virus software.   Theres always a way around it but in addition a work place may search actively for traffic resembling that which is banned, Ive seen that done.
413  Economy / Gambling discussion / Re: Stefan Mandel hits the lottery jackpot 14 times and left the commission panicks on: February 23, 2024, 08:46:09 PM
Ive heard of this before not just one person its about the maths of it all.  It is the strangest thing that it could be true but shows sometimes the lottery is not bad value at all.    Most of the time its not true that the lottery has any positive net bias in its payout sometimes however the prize fund accumulates where its very much profit to participate; noticing the difference is important and requires much discipline, good planning and the ability to purchase alot of tickets without drawing too much attention.
414  Economy / Gambling discussion / Re: Couple won the jackpot but split soon after! on: February 23, 2024, 05:02:14 PM
Not that surprising because they arent married, much as people think its old fashioned it does help legally when any dispute like this comes up.   The Lottery wont change their minds and help him split it as all indicators are she paid for the ticket simple as that, the owner always has the rights in a dispute.    
 
Same reason to be cautious of syndicates also, ideally there  is some standard form to fill out by all players so that nothing can be disputed later.  I knew someone who ran a syndicate, on a big win (sub million) he just said well it was my own ticket so its all mine.  They hadnt recorded exact numbers apparently etc.  details matter.
415  Economy / Gambling discussion / Re: Its not bingo dont chase famous names on: February 22, 2024, 11:42:12 PM
Its never impossible for anyone to get elected as I understand it.   If its not on the ballot you are allowed to write it in and if enough do that then its a done deal.   However I dont know why people think Ms. Obama who doesnt want the job will have even one in a hundred chances when we know full well Hilary Clinton could not get the job done with all the full support and apparently was desperate for it to happen; you might as well bet on Clinton if you are going that route and I dont recommend that either.    
   6 to 1 odds is diabolically bad, thats what Trump should be if we're being honest.  He was very lucky to get the job first time around and he has destroyed alot of those reasons to such unlikely strength now, plus may be prevented physically anyhow.   My personal take is they will not exclude Trump legally not to save him but for implications on democracy itself which is too great to impede for a knarly old fight with two old men tbh.


Quote
he could even end up running against AOC

Currently too young and by implication appearing too young in a future election to really be a serious contender.   Alot of the electorate are quite senior, to favor a brand new player in the game is again possible but improbable.   The reason perception matters is money mostly, do you want to spend a billion on an outside chance; with Trump or anyone that rich they can finance a campaign differently.
416  Economy / Speculation / Re: Going against the grain. on: February 22, 2024, 11:01:52 PM
Impossible to give this advice especially as it will vary so much, most people should not sell as much as they will because they wont rebuy at a better price or lose the incentive to be as involved.   Quite a few people sold too much and regretted it but if you need the money clearly you dont have too much choice at that point.

   I sold BTC back when it was needed as part of mining and costs related to that, if I had known the whole story or just thought alot more about it perhaps I could have guessed better;  clearly I'd have kept it all but nobody knew just a few had better confidence then others I'll admit I didnt think it through enough.  Generally ever since that time I never sell all just a bit here and there.
417  Economy / Economics / Re: The influence of cryptocurrencies in economy on: February 22, 2024, 02:06:26 PM
The view of the mainstream economy for crypto is via the tech spectrum and developments there being somewhat related.   The other aspect would be finance and modern tech elements to startup banking especially serving consumer demand for dynamic online payments.   Many countries are willing to welcome crypto on the basis of job creation in a growth sector, though its volatile BTC is not new and unknown any more so can better justify itself and demand a place at the table.
418  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 22, 2024, 12:32:47 PM
Golden ticket is yours, if fate deems you are to win then you win but if there's no ticket its totally impossible.      I kind of wished I set an alarm to do the free roll most often on the hourly, but I need to sleep and Im but a mere human so this time it wouldn't be sensible another time I would have  just gone for the max tickets just for the challenge why not.    I got given 1 free golden, thought maybe I'd roll 20 times but think I missed a few too many there.

   1 day left for end of month price bet and I've got to guess basically.  BTC is in its fly on the ceiling mode, it could fall of course but its got very sticky legs.  My view is its thinking, chewing the cud and digesting prior gains.  I've always said appearance of nothing is not nothing its something and just staying still is actually bullish, dont poke a sleeping crocodile it can snap.   Im just not sure I can label this is a pullback phase, the forced opinion is BTC is certainly bullish thats the default because its been quite consistent in accumulating.   Last data I saw reported all big ETF bar GBTC are net buyers, underlying strength so BTC is good in short Tongue
  I will be surprised if <45k were to occur, its always possible but my guess is flat to boring into the monthly bar closing;  we'll call this a top 3 outcome prediction for future comparison  Cool
419  Economy / Economics / Re: Why no info about how serious are USA financial situation now ? on: February 21, 2024, 11:59:52 PM
Arguably citizens of any country will not collapse while the government is strong enough to fund itself and so to the citizens.   The biggest argument for poverty is to acknowledge all debt, if that was done every citizen in some of the richest appearing countries would owe 70,000 and other countries you would have a capital surplus of 70,000.   However not all debt is equal, the time frame its issued at is not equal, consider the liquidity of the debt market support the price and cost of that debt  so in effect money is not linear in its worth or equal across the global exactly, its used in different ways.
  Its very obvious that dollar is considered superior to many other currencies even while there is alot of debt issued in that currency and liable to repay; equal comparison based on that debt would mean countries not in debt should be considered richer but this simple view is not how the current global economy works.
  
  If the observation is 'debt is too high & surely near a collapse' then consider the same view and words were said over fifty years ago not in a forum of the common people but by leaders of countries regarding global finance prospects.   I wouldn't say the comment was wrong but its not new and the timescale in the prediction is probably way off, we have to acknowledge its not a simple situation that everything will slide into the sea in some linear predictable way.
420  Economy / Gambling discussion / Re: Gambling mistake repeated by the gamblers on: February 21, 2024, 11:43:35 PM
I'd name some easily avoided but tempting to continue, as a game people play with far less diligence then they might another activity even sport people gamble with less caution while risking more money and security even.   So I'd name the mistakes of being too tired when you play, playing into the night while not really paying as much attention as you might normally with anything else.

  Playing while drunk, similarly I know lots who continue to play while barely able to see straight just looking for a random win to celebrate but if you want a good track record dont do this on a regular basis or cash will evaporate without realizing.
  The third mistake is playing with no budget or with no limit except for running out of cash, nothing wrong with playing a game for fun to learn or just to stay not bored but without a best strategy plan of risk vs reward then reduce the risks while playing is best .  If you play reckless in any way, maybe just distracted then betting with a lower amount maybe half or less lets you come back another time sooner then if you ran out and are left with a bad taste in your mouth from zero funds.
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