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4141  Economy / Economics / Re: Why is cryptocurrency bullish in the long-term on: July 26, 2021, 11:46:02 PM
Buffet was never a fan of technology and this is a virtual cryptographic protocol that has him perplexed at best as to its worth.   He admits himself he has never invested in Intel or any of the long standing tech companies, his firm only invests there now because he handed alot of the decision making to lower lieutenants.
   If he was a genius on tech, he could have put 1k into CSCO in 1990 and made back a million within 10 years.   Or his friend Bill Gates, if he had invested MSFT in 1990 it would have taken 18k to 1 million dollars within ten years also.   Just a nice trade but still long standing companies with valid technology and now we're talking open source but still valid unique technology and its a problem, the biggest negative is its not his arena.

   I can remember Buffet on the headline news bailing out a bank from failure in the 90's, he was old then and very well respected.   He really is a living legend but its not his arena to comment on this technology especially and I've yet to hear him argue why its invalid in any proper detail, it has a utility and valid market so why would he not just trust a free market to use or expire it when they no longer have a use for it like any product we might move on but just now its used and useful.
4142  Economy / Gambling discussion / Re: Motivated by "breaking the code" on: July 26, 2021, 11:29:45 PM
Its never too late, there is always going to be ways and people trying in all ways possible legal or not but the easiest methods are probably not there any more.   Apparently it used to be as easy as a lightpen on the end of a flexible stick and similar ideas because the machine would count via beams of light interrupted by the coin flow.  There is probably some cross over in mechanical terms to all convenience machines and there is absolutely always some people trying to do this because think of all the avenues open to you to steal basically once you craft the key you have the gates to the entire empire open i.e. mass produced machines.

There is a long documentary probably a few on this subject, a whole arms race between the cheats, their technology innovative methodology VS the casinos themselves trying to prevent the cheats from operating and cover the machines short comings over the years.     War games for gamblers Smiley    similar to stories I used to read on phone phreakers and the earliest of hackers, this stuff never goes away really its a real crossword challenge to some.

I used to know someone who gambled a ton and he swore it was not the people playing who broke the code in this way but the bar staff.   The bar man would watch those gambling, noting how much they spend and their winnings and when quiet would go to collect the accumulated cash now in the machine that had not paid out.   Because he is there all day he gets an idea of the payout ratio and likely chance of receiving 'good luck' bonuses and such like.   Reminds me of the plane spotter I worked with in the airport that just being there was a bonus for him.   This strategy is probably legal but quite sad for all those who arrive to a machine run dry of any easy winnings.
4143  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 26, 2021, 11:18:59 PM
That site closed but last I read they allow the manual withdrawal via request however it was going extremely slowly due to having to recompile a database node or something.   Just doing a full wallet build on BTC is a pain, on Doge it must be a nightmare at this point.   Its such a fast blockchain and its been around many years now so its spammed and grown to epic sizes I guess, I used it when 100k doge was not hard to get.  I figured it'd be dead long ago, various bots using it died or were compromised but overall the blockchain has issues apparently and thats why you may have some delayed response.  I just respond because I frequent the thread so often, thats the last I remember reading.

I wonder on the worth of converting doge to FUN since thats now a thing, might be the ideal swap.    I'd be tempted to just auto convert all remaining parties in that way if the process is that hard to do maybe en masse it would be less so, but thats a controversial option Shocked

BTC isnt going to deliver an ideal blow off price into month end, just saying I doubt it.  Aspirations are capped, I wish I was wrong though at least it moved and did something more interesting then sideways.
4144  Economy / Speculation / Re: Is bitcoin a good investment in this pendamic situation? on: July 26, 2021, 11:02:28 PM
Some investors will not aim for a loss exactly but may find it an acceptable outcome especially while gaining in some way elsewhere.   Its usually done for tax reasons and to hedge risks taken, for example BTC is said to be an asset not main market related so Dollar typically forces the price of many things to follow its strength but BTC has grown over years hence the loss might be acceptable and reduce taxes while adding hedging into their portfolio from currency risk.

The bottom line is that because BTC has survived so long now, that continuity has a worth to it in the world that has surprised many and has ongoing value beyond just pricing as a tradable asset it may rate as more viable then normal during a pandemic especially.
4145  Other / Archival / Re: Amazon news is a banal market manipulation on: July 26, 2021, 10:38:54 PM
Its natural process, nobody is forcing people to jump the gun but they do it every time.   Even taken at best the rumor is that some point in future Amazon will implement in some shape or form and sure it'd be useful and likely bullish for BTC but global companies like this can take years, half a decade to fully implement anything.   This latest refusal by Amazon doesn't end the idea for me, it says we dont want to discuss it publicly and yep I can guess that because BTC is not without its controversy in tax terms & all sorts.
   The chart had a setup for a rise anyway, thats all that can be taken seriously.   It had passed a downtrend, we had compromised support but its reversed back above like when you push an empty bottle under the water and it bounces back up its natural.
4146  Economy / Speculation / Re: How low will Bitcoin go? on: July 26, 2021, 10:20:15 PM
Looks like the price of $ 25k will not be reached again, now the price of bitcoin is around $ 38k and I'm sure before august the price of bitcoin can reach at least $ 42k, this further proves that bitcoin is the most profitable investment.

Now you've said that, you have reaffirmed my determination we can still make 20k.     But seriously if price upwards like this garners interest and enthusiasm but fails to capture the positive action meeting old resistance and determined sellers for any reason it can later lead to greater negatives and I'm waiting to see if that scenario occurs or not still.
   The latest news I've heard is Amazon deny any usage of BTC will be occurring.   I dont think that it cant become true in time but its no surprise that Amazon does not want to confirm some project that was only ever meant to be internal, of course companies will explore all kinds of avenues and product innovations that never actually release to the public so I'm not sure we do see BTC on Amazon this year or even next.   This gives us plenty of time to resume negatively, not that I rate the news as the sole driver of price but those events would match what I think is possible now and hence the bottom pricing is not yet certain imo.
4147  Economy / Gambling discussion / Re: Online gambling becomes popular on: July 26, 2021, 09:21:56 PM
Thats a good trend rise for crypto in gambling and online of course.    Overall computer usage has risen not just mobile usage but the idea computers can be useful to avoid unneeded journeys and public mixing where that is still negative its useful.      
  I've been told by someone now the vaccines are mitigating risks this whole idea of remote work or remote anything shopping, gamble everything will all decline.   They believe the reset will return back to the base line where it was but I think it will never decline again as it was, there is a utility to not having to travel through a city to do things and it saves time and money and is generally more efficient.
   The overall public is going to keep using online gambling even more, it is a genuine growth sector year to year from what I can see.    I think this effect is so widespread it will alter housing prices in city also, people will now not need to stay so close together they can enjoy more remote locations if the technology is convenient.   I've thought this for a long time as a slow trend but this latest negative event has only underlined positive changes we can all benefit from longer term whatever the weather.
4148  Economy / Gambling discussion / Re: You got a pifzer ? Then you can be eligible for lottery in Poland. on: July 26, 2021, 08:41:03 PM
What Poland is trying to do is entirely sensible, part of why a vaccine works is it stops the spread and mutation and repeated threatened effects that occur from constant circulation.   People who refuse and keep storing via a relay the virus in the community unfortunately increase the time there is a threat overall.     Approaching Winter there is a normal threat of flu to old people and also increasing threat from the cold and people staying indoors more so; a program to increase the take up of a vaccine is entirely sensible & fiscally justifiable in giving prizes vs the cost to society and economy overall from less activity and likely lower tax revenue ie. its a valid investment.


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As for India, I am sure that by the end of the year, despite this super terrible and super lethal strain and weak medicine in the country, we will not see any 7% of deaths

The latest strain spreads more easily, maybe twice as easily which is bad but the actual survival rate is the same so far as I know which is some small comfort.
India and every country has advantages to its particular make up and India has one of the lowest average ages to their population world wide so I agree. Its very unlikely the majority will really suffer as badly as say Japan could do with their average age being massively high, it could devastate that country.   Obviously deaths will occur but India should be able on average to last with health less damaged, the best thing they can do is separate out and have the young take the majority of risk in terms of transmission obviously there is a shortage of vaccine so there is no ideal fix.
4149  Economy / Speculation / Re: Is bitcoin a good investment in this pendamic situation? on: July 26, 2021, 02:17:50 PM
Iam never comfortable to hear people say investment for what is a commodity or currency not a yielding asset.   Your trade would be speculative based on participating in a price difference for supply and demand ratio being tighter in future then it is now.
    During a pandemic we should expect a slower economy, deflation and a rise in the cost of conventional money, no this is not a good time to engage in speculative assets generally.   However government and politics eclipses conventional economies and free markets now, the currency base is being diluted which makes speculation on alternatives far more likely to appreciate near term so yes its done well so far but alot depends with ongoing FED policy.
4150  Economy / Speculation / Re: BTC broke through 33,500 USDT on: July 26, 2021, 05:19:49 AM
Recovery into the range then with strength through the 50 day is impressive and thats the exciting bit.   Now it has to consolidate and form a confirmation of this action on daily and weekly bars, obviously takes time to do so.   We retract and move more boring again for now but well played to those that saw some build into this movement.   Even if we did reverse from here, nice trade anyway.



Trying to learn and go on what I've found most reliable in the past, the bottom prices do show strength whatever happens with these highs.  Price held itself above the 50 week average, good general appreciation I think has to be acknowledged as longer term positive direction.    The rumour on Amazon might falter a little, I dont know I dont care about words and news really but in the chart its not yet free of restraint.
4151  Economy / Economics / Re: ECB starts 24 month digital euro project. on: July 26, 2021, 05:08:22 AM
China certainly wants to establish its own trade routes that have no need to go via dollar settlement.    They lack oil which is settled in dollars but they've been net buyers of gold for a couple decades, they must have long term ambitions to act independently.

UK sterling as part of global reserves is about 8% I think, its not significant globally for trade in many sectors but it has some continued ongoing historical relevance financially as many of contracts are settled in London, insurance and the commonwealth is some dynamic not an actual alliance just common ground from shared heritage to some extent is an unrated advantage.
   The problem with alot of the modern western currencies is they dont really deserve any association with the concept of a stable coin, if you link to these FIAT standards then it will be increasingly politics not so much trade based due to excessive liquidity, debt, fiscal deficits.   We're looking towards increasing instability from the effects of those gaps in economies growing not reducing, so to some extent every modern currency is over stated in its importance and by design they are running value into the ground in order to counter debt costs; stability in that sense is a certain course towards value lost.
4152  Economy / Economics / Re: Amazon will accept Bitcoin payment this year on: July 25, 2021, 11:59:04 PM
I know CityAM, I already follow them.  They are London based, that being the 'city'   This is bullish news longer term, raises utility and monetary velocity so value I presume.   Its already possible indirectly though I was tied to one specific franchise of Amazon and had to import goods because of that and pay postage so being able to skip the gift card and just use BTC would be useful to everyone.  
  Will Amazon stick with it and stay the course even if price doubles, I presume they can account for that.  The really bullish thing is if Amazon can do that then many other businesses can start to snowball into general usage we hope, whether it works out so smoothly (this year) but certainly speculatively it has to be some positive even right now.
4153  Economy / Speculation / Re: Institutional buyers are not backing down. More Pump? on: July 25, 2021, 10:48:53 PM
Appears impressive momentum recently and it could develop a trend upwards but not on a weekend so much, volume isnt strong enough.  I think we need to do another loop for more momentum.   I'll be watching to see how far we pull back but so far we have not yet arrested the negative momentum and this is still a relief type rally.  If we hold 33 and 34k through a couple days of all markets trading it will be a bit more convincing.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
4154  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 25, 2021, 08:49:53 PM
I've won 5000 level prizes 3 out of the last 4 days, so I find the cost of tokens is justified and it just makes it more interesting so why not.   I think there is a bias that will return price upwards, especially the larger players with cashback can justify or people who keep a balance can also justify it.    I also just got my higher 180 day level of rewards so didn't feel too long really.  
My main thinking or consideration really was, will I hold into 2022 regardless of a BTC pullback which invariably happens and I will carry on participating on the site so it was fair to go ahead.   Sure enough we have pulled back though it rises for the moment, I think it'll take its time.  My general thinking its not a ski slope type action now it'll likely rise in a second stage of movement that turns all crypto and various tokens far more positive again but Im unconvinced we are all clear just yet;  I continue to add a few FUN occasionally, time based cost averaging I do on lots of assets.
4155  Economy / Gambling discussion / Re: Esports Prediction & Discussion Thread on: July 25, 2021, 06:43:59 PM
Tarik (former major winner) is playing with Bad News Bears (rank 59) tonight in a semi final.   He is retired kinda, streaming playing valorent but playing at this level shouldnt be a stretch and even better ptr is a long term team mate of his offically and unofficially so this game should be with the bears.    Problem is their opposing team arent really well known afaik which makes them unpopular and the odds poor, so as a bet this might already be a done deal but they have to be rated a similar rank for a reason.
  Bears took Liquid to 3 maps, I dont see that much notable on the other team, Triumph but I presume they can win it somehow.     Might have to take this as a live or special bet, I dont like to presume 2 maps only but if the odds are right perhaps thats the bet to take.
4156  Economy / Gambling discussion / Re: Do you like or hate Royal symbols on bitcoin slots? on: July 25, 2021, 06:13:28 PM
Maybe it should be possible to switch up the basic symbols on a game easily to suite a preference or aesthetic.    Its easy to see why they are used, for ease of use and straight away you know the deal and likely value reflected.   I'm not sure its any negative but variations of design are always possible.    The games I like best are based on legends or myths so again tradational symbols once again but the design of each figure is freely available to vary even on an old theme. 
  If I dont recognise any of the symbols in a game, it does discourage me at least a while perhaps altogether if I get distracted.   Thats probably the biggest reason why we return to familar symbols.
4157  Economy / Gambling discussion / Re: Your betting budget on: July 25, 2021, 04:28:06 PM
Consider that its often best not to spend it all at once.  Budgetting actually increases chances of success I think as it gives more then one attempt for the same amount spent, where as no budget can lead to just a dead end of having no money left rather choosing not to spend more that day.   The only real way to beat the game or increase luck seen is via a plan and a budget is part of that.
4158  Economy / Speculation / Re: David Gokhshtein: Bitcoin Price Will Reach $80K on: July 24, 2021, 11:37:44 PM
1981 was the tail end of a period of large inflation in the dollar and it relates to now probably quite accurately, however we have more to come and there is continuing trend of dollar devaluation and probably instability.

Its questionable if crypto succeeds, thrives or dies in such troubling times, if they get worse it does cause failure no doubt.   There is a certain loss to inflation from the failure in efficency and that represents something also of an opportunity for new monetary standards but it can also just mean a simple change from west to east or various other alternatives to FIAT debt such as commodity or trade based currencies.  Crypto doesnt have to benefit and not sure speculation alone raises us to 80k, not this year so soon imo.

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It turned out that the key consumer price index jumped 0.9 percent compared to June, reaching 5.4 percent, which was a record increase and was last seen only in 1981.
The decline in the price of Bitcoin indicates that this cryptocurrency, in which many corporate investors have invested, is often seen by them as a risky asset.
4159  Economy / Speculation / Re: It's not the end, $60k again on: July 24, 2021, 11:26:36 PM


We recovered back to meet the still descending 50 day average.   It might be all at once we recover price action upwards again but I think it will take more time to transform the nature of movement from sideways as we still remain presently into having momentum once again upwards.   So the direction of the moving averages might matter more then the pricing alone, they are indicators really not resistance as roughly appears on the graph here thats just short term reaction.
4160  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: July 24, 2021, 10:12:45 PM
Many miners will be panic and I think price will be manipulated on the market.


I expect volatility from the differences to monetary flow of ETH

ETH is going up if they pass the POS contract though it should also mean ETH tied up are now also available which could mean short term weakness and a buying opportuinity for anyone who understands that and has faith in POS being of benefit long term.   I think POS makes price double if it enables lower transaction fees that utility will be described within the price like a share vs dividends.

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POS for #ethereum is years away. Keep your money in your pocket for now
somebodys comment on twitter, I thought much sooner then that
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