Bitcoin Forum
July 01, 2024, 07:42:43 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 [205] 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 ... 318 »
4081  Economy / Economics / Re: How RRR works!? on: April 29, 2020, 12:03:48 PM
The 0% minimum reserve requirement sounds dangerous if misused. 
Yep, they need to squeeze as much liquidity as possible, then if there is not enough cash, the risk of bank run increases.

Anyway,
Interest is just a logical consequence of lending money (with or without collateral), stop teaching nonsense!

4082  Economy / Economics / Re: The true value of money, is it always just a number? on: April 29, 2020, 05:30:27 AM
Wow! That's a massive culture difference there, that's not the same in the west as far as I can tell, both genders seem equally bad with it here...
I think it's not really about culture mate, but more about age/era. There is some evidence:
1. Pooled finance lead to better happiness score in a marriage;
2. Women are more risk-averse than men;
3. If the wife controls the pool, she spent less on leisure than the husband.

It's a personal choice, but for me, I choose to be free from managing personal finance.
4083  Economy / Economics / Re: The positive impact ~ on: April 29, 2020, 03:06:05 AM
2. Home owned businesses + Local business are flourishing, due to Quarantine import and export is definitely not working as efficiently , therefore each country is working towards making their own markets more valuable. Which inturn for the long run means a lot since most of the people are involved in home owned businesses which was ignored previously.
I disagree with this. I think small or local businesses get impacted the most (other than tourism-related). Big companies can just impose unpaid leave for most of its employees to save cash. While small businesses usually have tighter cash position.

3. People are moving towards Sustainability , countries in the future will be able to take care of the needs of their people , focusing the priority on their areas which inturn boosts the living conditions of the local community.
This is more like wishful thinking than a reality. Countries that already have a terrible financial position will get worse after this pandemic. They need to recover first before thinking about improving such conditions.

6. Cryptocurrencies are getting more popular since using them have enabled people to sell their services across the globe . without additional documentation and problems.
Really? This information is new to me.


Anyway, if you solely think about the economy and not everything else, the mass death of the elderly is a good thing since they are not productive and require lots of money for their healthcare. But of course, if I could choose, I would opt for this pandemic to never happen.
4084  Economy / Economics / Re: The true value of money, is it always just a number? on: April 29, 2020, 02:28:16 AM
Women are better at this kind of thing. Just give your monthly paycheck to your wive, and you are good to go. As an alpha male, it would be best if you focus on how to increase your income, and doing better at your job. Never overthink about the day-to-day or monthly budgeting.
4085  Economy / Gambling discussion / Re: US Presidential Election 2020 on: April 29, 2020, 02:15:18 AM
I don't think there is any scenario that hurts Biden
Republicans can spin this tweet and said that Trump made the correct decision when he closed the border, while Biden accused him of being "hysteria, xenophobia, and fear-mongering." Even though the virus won't be completely eradicated, they can say it's a success, and Trump has saved many lives.

Anyway, more likely, what will happen related to the virus won't affect this election since Trump haters are going to hate him, and his lovers are going to love him. Still, I think his current position is way better than his 1st election.
4086  Alternate cryptocurrencies / Altcoin Discussion / Re: [JOKE NEWS] Ripple lambasts Bitcoin and Eth, showcases XRP as most eco-friendly on: April 28, 2020, 01:30:54 PM
LoL, you know what is more eco-friendly? My SQL-database stored on a shared server. It's a shame that XRP keeps preying for newbies.

But I confess, I use XRP frequently to move my fund from one exchange to another exchange.
4087  Economy / Gambling discussion / Re: Reason for ending gambling sessions: Had something else to do on: April 28, 2020, 12:48:22 PM
That line "had something else to do" is just purely an excuse to those people who had been surveyed because most of them knows the truth that they dont have any money to play further on a particular day.
Let's see the result:
Quote
* "Had something else to do" (67.3% – 140 participants);
* "Lost too much money" (41.3% – 86 participants);
* "Reached a target" (38.0% – 79 participants);
* Run out of money (37.5% – 78 participants);
* Won a lot of money (36.1% – 75 participants);
* Tiredness (28.8% – 60 participants);
* Frustration (27.9% – 58 participants); and
* Boredom (26.0% – 54 participants).
Source

Since participants can pick more than one answer, then perhaps "had something else to do" is always chosen, then they picked either "lost too much money" or "run out of money," that's possible I think.

203 gamblers is a small sample size to obtain a relevant study from tbh.
Agree, this survey is like a pilot study at best. At least, it's better than a forum poll.
I'll try to search for another interesting study about gambling (preferably quantitative one). Wish me luck Grin
4088  Economy / Gambling discussion / Re: Have you committed, or considered committing, illegal act to finance gambling? on: April 28, 2020, 12:23:23 PM
Look at the survey data https://bitcointalk.org/index.php?topic=5244174.0
According to Columb & O'Gara (2017), 75% of 208 users "had to borrow or sell to fund gambling." I think gamblers take too much risk at this point.
Fortunately, I never experience such issues since I know the limit. I hope you guys also know your limit so you won't get into trouble.

Also, I'm optimistic we are here can be a healthy gambling community.
4089  Economy / Gambling discussion / Reason for ending gambling sessions: Had something else to do on: April 28, 2020, 09:31:03 AM
Interesting findings from "A national survey of online gambling behaviours" by Columb & O'Gara (2017)

Quote
A total of 208 users participated in the online survey. The most popular gambling activity played was Sports Betting (26.9%) and the most commonly used device was Mobile app (68.6%). The main reason for gambling online was ‘To win money’ (84.6%), the main reason for ending gambling sessions – ‘Had something else to do’ (67.3%) and the most prominent emotion experienced – Excitement (60.6%). There were findings related to the severity of gambling addiction (75% – had to borrow or sell to fund gambling) and their attitudes towards online gambling (strongly agreed – 39.9% – The potential dangers of gambling should be advertised).
Source: https://sci-hub.tw/10.1017/ipm.2017.64

* Sportsbetting via a mobile app is the mainstream;
* Main reason to gamble is to win money; and
* Contrary to my belief, the most popular reason for ending gambling sessions is "had something else to do," and not because "running out of money."

If you think about it:
* Gambling is a time-wasting activity; and
* To stop gambling, keep yourself occupied with something.

What do you think about the above findings?
4090  Economy / Economics / Re: Cantillon Effect and Bitcoin on: April 28, 2020, 04:46:55 AM
1. More money supply means the existing value of money will be diluted. People who have lots of cash or fiat savings will be impacted the most. Rich or poor is irrelevant.
2. Wealth inequality is not because of the changing of the money supply. It's because the economic growth cannot keep up with the population growth! Solution: click here!
3. Bitcoin is not a magic pill for the bad economy.
4091  Economy / Economics / Re: Nobel Laureate asked India to print more money and not to worry about inflation on: April 28, 2020, 04:12:42 AM
print more money and transfer them to the poor class of people to increase demand in the market
But sir, if the number of poor class people in India is huge, then the gov must print lots of money! It's not the same as the US if you look at the poverty rate and financial strength.

Moreover, money should be used to move the economy by giving incentives to businesses and tax holidays, not for charity purposes.
4092  Alternate cryptocurrencies / Altcoin Discussion / Re: PRE-IEO??? on: April 27, 2020, 05:56:11 PM
So basically, you want to collect money to fund only ideas because to create MVP, there must be a fully functioned team (developers), and it needs real money. Even a proper whitepaper will cost them money. So the idea of PRE-IEO is flawed from the beginning because if the team has an MVP and a proper whitepaper, they can go directly for ICO/IEO. If not, only dumb investors would fund them.
4093  Alternate cryptocurrencies / Altcoin Discussion / Re: How to run a token sale in Africa? on: April 27, 2020, 05:34:23 PM
AFAIK this guy CryptopreneurBrainboss is from Africa, try contact him.
4094  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounties explanation and the reasons why many project is failed on: April 27, 2020, 05:29:23 PM
To be fair dude, a real account with thousands of followers (a.k.a legit paid shill) will charge you real $$$, and it's expensive. If the project doesn't have real $$$ to spend and only promised to give the only-God-knows-the-price token, you will expect fake accounts with fake followers. As simple as that Smiley
4095  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto success takes time on: April 27, 2020, 05:20:24 PM
People don't want to give projects some time to grow
Why focus on time? Give more time? etc.
Projects should have a reasonable timeline and the developers must deliver (the results). If they can't deliver, the risks will build up and then the project failure rate will increase.
I think investor will give them time as long as the development is still on the correct track.
4096  Alternate cryptocurrencies / Altcoin Discussion / Re: Why trading stablecoins is the most underrated way of making serious money on: April 27, 2020, 05:10:49 PM
I've thought of this before but you need a lot of money to feel the profit through small fluctuations with a stable coin. For example, you have $500 = 500 USDT/USDC/etc at the ratio of $1:1
So if it fluctuates a bit like $1.03 then this will your profit with that trade.
$515
$1.03 is way too big for stablecoins mate. More likely $1.0003
Therefore your money would worth $500.15
The spread is so tight therefore traders need at least $5,000 to make $1.5

Well, this tiny return may not be for everyone since this is crypto space.

4097  Local / Marketplace (Bahasa Indonesia) / Re: [Gratis] Jasa Konsultasi Bisnis dan Karier (No Bullshit) on: April 27, 2020, 05:35:51 AM
Ane Baru Belajar Tentang Pasar Saham, Dan Turunannya.
Dan Semalem, Temen Ane Ngajak Ikut Binary Trading, Dia Kegiur Testimoni Profit Di IG.
Sepertinya jalan ceritanya cukup jauh karena ketika belajar saham, trading hanyalah bagian kecilnya (atau bisa diibaratkan bumbu) saja.
Anyway, jadi kemudian ceritanya terkait trading.

Nah, 2 Minggu Yang Lalu Ane Sempat Nyoba Demo Binomo.
Dan Menurut Ane Binary Trading Lebih Mirip Judi sama Bandar.
Kita Cuman Nebak Naik/Turun (Ya/Tidak) Kalo Kalah Uang Semua Hilang, Kalo Menang Gak Dapet 2 Kali Lipat(~183%).
Nah, Kalau Binary Sama Aja Kayak Judi Sama Bandar(Long-Run Uang Kita Bakal Habis), Ane Takutnya Temen2 Ane Langsung Kapok Dan Gak Bakal Pernah Investasi/Trading Asli.
Apakah trading = judi? Ya tergantung definisi dari judi itu sendiri. Kalau judi yang dimaksud adalah "permainan yang berdasarkan peruntungan (semata)" maka trading tidaklah sama dengan judi karena ada unsur keahlian (skill) pada trading.

Kalau ane lebih suka melihat ini dari perspektif apakah aktivitas trading ini "zero-sum game" atau tidak, yaitu apakah apabila agan ingin profit maka orang lain HARUS rugi? Apabila jawabnya YA, maka aktivitas ini tidak ane sukai. Tapi ini hanyalah preferensi masing-masing individu karena sebagian pakar berpendapat bahwa ekonomi bukanlah zero-sum, yaitu apabila agan kaya, orang lain tidak harus miskin.

Kalau sebagai pemula ane sarankan agar coba dulu beli Bitcoin dengan harapan nanti nilainya akan meningkat, sambil kemudian melihat pergerakan harga. Ketika sudah nyaman, baru kemudian coba-coba trading. Jangan lalu langsung ke binary tanpa tahu fundamental Bitcoin.

Tapi Kalo Binary = Judi, Terus Kenapa Kok Banyak Trader-Trader Propeler(Opit Terus)?
Kalau mereka selalu profit, pastinya sudah jadi sultan dan pensiun trading Smiley
Ane tidak mengomentari lebih jauh masalah trading, ya balik lagi karena ane tidak suka zero-sum game.

Ane Mau Cari Tahu Apakah Jadi Binary Trader Worth It Apa Kagak?
Lebih worth ketika agan menjadi pengusaha yang menciptakan kekayaan daripada berusaha mengambil kekayaan dari pihak-pihak yang kalah. Kalau menurut ane itu lebih barokah.

Kembali lagi esensi dari saham adalah ikut serta memiliki perusahaan, mendanai perusahaan ketika IPO untuk bisa tumbuh, dsb, bukan trading. Esensi dari Bitcoin adalah memiliki "P2P Electronic Cash System," tanpa perantara pihak ketiga, immutable, terbuka, dsb, dan bukan trading. Anggap trading hanya sebagai bumbu penyedap saja.
4098  Local / Bahasa Indonesia (Indonesian) / Re: [Dunia Lain] Jika Kamu memiliki 1000 Btc Saat ini Apa Yang Akan Dilakukan ? on: April 25, 2020, 11:44:21 AM
Pertanyaannya jika punya nominal besar bitcoin dipake buat apa itu kan?
* -> Ide Jadi youtuber
Wut? Jadi Youtuber modalnya kecil aja bisa, berapa sih harga webcam + mic (ga usah bagus-bagus dulu).

Blockchain = be your own bank ->  terobosan dunia perbankan
Youtube =  broadcast your self -> terobosan dari dunia TV / Broadcasting
Salah kaprah ini kalau membandingkan blockchain (desentralisasi) dengan Youtube (sentralisasi). Misalnya agan buat konten yang tidak sesuai dengan "rules"-nya Youtube, bisa gak monet, lebih parah channelnya bisa kena ban permanen.

Mending agan buat sendiri aja yang kek Youtube tapi desentralisasi, eh udah ada.
4099  Economy / Gambling discussion / Re: CORONAVIRUS IMPACT ON SPORTS GAMBLING on: April 24, 2020, 01:12:34 PM
Look at my topic about DraftKing's merger https://bitcointalk.org/index.php?topic=5242335.
They are still optimistic about sportsbet future and hope more states will legalize sports betting for tax revenue.
4100  Economy / Gambling discussion / Re: Is Crash game more risky ? on: April 24, 2020, 12:52:49 PM
I always feel more greedy while playing a crash game and this make me lose more money. I think i have lost more money in crash games than any other game.

What is your observation on this  and do you prefer other gambling games over the crash games ?
That's because you choose a high multiplier, so your win chance is so small. Overall the risk is based on HE, so if you play high multiplier on dice, you'll experience a similar situation.
For me, I prefer slots game since it's purely a chance game. On a crash game, you will feel bad when you bail out at 9x when you actually can get 999x.
Pages: « 1 ... 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 [205] 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 ... 318 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!