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The basis of the system is a martingale which is not a good start at all. It could potentially work if you can slightly change the odds in your favor by means of a superior knowledge of the sport or teams, in which case you would not need to apply a martingale anyway.
This sound like a loosing system, although you were lucky.
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From what I've read, Bitcoin now charges high transaction fee and long transaction wait time so it can't presently be used: a) for a conversion from Bitcoin to cash? or b) purchases using Bitcoin?  It helps to think as it a gold, you can potentially use it for transactions, at least in Utah  , but it does not make much sense to do so unless it is a large amount. It also helps to think of it as diamonds in times of war. You have your keys, you can carry them around, you do not depend on a bank or a state to back it... just consider that you were a doctor in Siria 5 years ago. You have some bitcoin - even on a exchange. You leave your country with your family and whatever you can carry in your car. The mafias strip you of whatever money you have on you and you manage to get to e.g. Germany. If you want to survive now you need either diamonds, which could have been stolen from you at this point, or you keys. |
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This concept was popularised by Warren Buffet and Charlie Munger. Each person has area of thing "they know", e.g. if you work in computing you will know ´bout programming, networks, systems and the like. In investment, the rule is "stick to your circle of competence", just do not invest in things you do not understand. Linked to this is the Dunning-Kruger effect - when you thing you know something and you have understood a problem, but you really have no idea. Is bitcoin in your circle of competence or are you Dunnin-Krugering around? |
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I think Europe and UK should be making an effort to surface all hidden betting. It is going to happen anyway and taxes would be welcome by the current COVID stricken economy.
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Ya lo he mencionado en otras ocasiones, pero JP Morgan hará lo q los clientes de JP Morgan le pidan. Por ahora están investigando como funciona realmente el mercado de bitcoin y con lo primero q se han encontrado es con Bitfinex y el Tether. Los reyes de la manipulación del mercado son perros muy viejos.
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...
Oracle no suena mal tampoco (aunque no me queda claro si el rumor es nominal, corporativo o ambos)...
No todas las empresas son iguales, algunas son como iconos de la era y sus CEOs tienen seguidores y notoriedad. No es lo mismo q compre Oracle q si lo hace Ferrovial. A ver q tal se da. |
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Warren Buffet was once asked something like If earning money with Berkshire Hattway (his company) is so easy, why do you think that so many people loose money on stocks, his answer was "because nobody wants to become rich slowly".
disclaimer: not financial advise, I am long BRSK.
For me is too late to become rich without much effort, I have already done too much effort in my life.
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your endless thinking about 'btc prices grow indefinitely' makes me think your only thinking about ATH
Not about ATH, am I just saying that your system works while the price goes up in the long term. That has been the case until now, but that does not mean it will be like that forever. |
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However, where is hyperinflation in Japan that started supporting market with printed money at least since 1992-1993 (3-4 years after their 'bubble' started collapsing)?
As long as money velocity stays low, we will not have high inflation.
Look Biodom, I've seen you make this statement more than once on this thread. Respectfully, you're wrong. https://www.shadowstats.comhttps://chapwoodindex.com/The way the Fed calculates CPI is just complete bullshit. It's a fraud. Well, there is no inflation in Japan, that's all i was talking about. I would not argue with an opinion that inflation in US is much higher than the official number. You are absolutely right. However, wage inflation is low-that's a fact, and that is the whole underlying theme that is supporting discontent. Since actual inflation is higher than wage inflation, the living conditions for an average Joe are going down even with their salary raises. The only way to escape this was to own assets in the last 20-30 years. Realistically, inflation is probably about 10 maybe 15% (yearly). You have to beat that. All I am getting at-you have to be invested (stock market, RE, bitcoin) to have a chance. When wage inflation would go up-then we would have SERIOUS inflation. You can look at the basket of goods and their weighting for the CPI in Canada. If you want, you can customise it for your personal use as well but I think it's pretty all-encompassing. Gasoline here has gone up $0.11 per liter in the last couple of weeks from $1.03 so if you're an Uber driver, your perception of inflation is going to be a bit skewed. Overall, I think it's a pretty good determination - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810026401 It even takes into account the cost of our recreational cannabis  bought canadian pot stocks the day the vote went for B. They are up 100-200% since  Nice! I waited too long. I wonder when Biden makes it legal in all of USA? Perhaps it will happen the same thing as with gambling... state by state they will all approve and make America High Again. (AHA) |
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If I am not wrong, google is the company who said they will stop their services in Australia if such law passed, but now they accepted it and making money with the partnership?
Facebook has reached and agreement with the Murdoch Group and there will be many others. While Australia gets away with the tax, Facebook has used the opportunity to enhance its competitive "moat" by reaching agreements that will keep away possible small challengers. It will only benefit the big on the end. |
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Hi, just in case someone does not know yet, Coinbase is going public. See an article here for more stuff.I think that the BTC environment will benefit, as I mentioned in a post in Economy, but I think is worth a Serious Discussion one to see what people think |
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Coinbase has filled the paperwork to become a publicly traded company. Contrary to other exchanges, that operate with a certain secrecy even "in the dark", Coinbase had followed a compliance strategy focused on gaining the trust of the traditional finance world that allows the company to now file to go public. This paves the way further for the institutional money to enter the BTC world. Edited to add link as per some user´s request. |
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I hope the small outlets get a good funding out of this and the old/bad ones crash and burn if it comes to Europe.
...
That would be good, however most legislation that looks like would damage the incumbents (Facebook, Google, big media,...) actually has the oposite effect: raising the barriers to entry of the smaller companies. |
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We can´t and we should not. There are many people that are not familiar with bitcoin yet they can participate from the ecosystem by using funds and such. I would not even consider doing that myself, since to all risks involved I would also be adding the agency risk (the change of the agent going down or robbing), but there are many who will join the ecosystem and that will benefit us all.
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Ya llamando Ponzi al blockchain empezamos mal El que sea una pérdida de tiempo o no es algo muy personal. Para ti el conocimiento puede ser un objetivo en si mismo - para mi a veces lo es, asique es tiempo ganado. Si estás explorando algún tipo de vía comercial o posible proyecto, es más conveniente formar un equipo de gente q sepa de verdad lo que hace. PS. Spectrum 48k FOREVER la mejor serie de ordenadores de todos los tiempos. Todavía te vas a quejar de q sólo tuvieras q tocar una tecla y te saliera el comando completo o que juegos tan míticos como Manic Miner o Penetrator - que tenía hasta un editor de escenarios!! - cupieran en una milésima de la memoria q tiene un móvil viejo. Vete y hazte un XOR booleano a ti mismo   |
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Lo gracioso es para estos tios comprar 1000 o 2000 bitcoins es como a quien se le caen 10 cents al suelo... vamos q ni te agachas.
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Lo que me fastidia de esto es q me voy a perder el cachondeo de verles elegir nombre. Firmes candidatos: OrtoCoin, PrayToken o mi posible favorito CuraCoin.
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Hace un mes q el Banco de Compensacion Internacional comunico q "para el 2024, un quinto de la población mundial tendrá acceso a una criptodivisa emitida por un banco central" y parece q China va a ser pionera. Me asusta lo q estos bichos puedan llegar a hacer si se ponen a emitir activos digitales para una población masivamente desinformada sobre q es una criptodivisa y el daño q pueden hacer a la reputación de las criptodivisas descentralizadas.
Lagarde espera q exista un Euro Digital para el 2025.
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At the end of the day, the large investment firms actually manage others money, and if there is enough interest from their clients into having some bitcoin or other crypto in their portfolios, they will eventually have to give in or see part of their assets under management leave to those alternative managers that accept the new economy.
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Los que seguimos un poco el mundo de la bolsa hemos encontrado este año salseo abundante con las SPACS (Special Purpose Acquisition Companies). En esencia estas compañías levantan fondos de inversores, normalmente bajo el liderazgo de alguna figura notable de Wall Street y salen a cotizar sin ningún negocio en particular. Luego buscan una compañía no cotizada q tenga buena pinta y llegan a un acuerdo de fusión de forma q la convierten en cotizada.
Os recomiendo q deis un vistazo al tema, se ha ganado mucha pasta pero sobre todo es q no tiene desperdicio el cotilleo q generan.
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