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4161  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 23, 2021, 07:23:42 PM
Its on the multiply page or Tab.   It will show everything in shortened detail, so 50 lottery tickets would show up as a 50 win same as 50 BTC or 50 RP.    It'll be listed as WOF, no bigger wins for me today my lucky streak is rip

I couldnt decide if BTC will do anything interesting for end of month, so put just small bets on outlier outcomes.   I imagine it just stays somewhere close to the 50 day average but also maybe Elon has too much sugar and trips it out
4162  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 22, 2021, 11:49:49 PM
I doubt casinos do hate big winners, if they didnt exist it would reduce their overall revenue which is where they pick up the profit just from averages not the idea of waging any war or even negative stance towards seperate players.   If anything surely casinos want more notable winners so long as it also correlates to more custom, almost every industry its about the revenue and growth etc.

I got close to 6000 lottery tickets on the wheel spin yesterday and today I was again lucky and 5k prize for the sats.   For a simple bonus it'd be nice every day but I think its quite lucky two days in a row

The July price bet is about to close and we have movement from I can see it can relief rally here to end month.  However its not changing my mind to a greater extent, in plain language I just think all the top placed bets currently are where it lands.   I'd prefer if everyone was wrong and I collected, not guessing on big run this time or expecting volatility to facilitate it.

4163  Economy / Speculation / Re: About time it crashed on: July 21, 2021, 10:38:24 PM
A crash can in some ways mean resolution and the time wasted waiting for decline is over, ironic a time to be bullish.    The title sounds  negative maybe meant negatively but I get some relief in that idea.

 I dont think we are either right now, its undecided and right this moment we're rising above the weekly average which is bullish while it lasts.     Rising from here beats some negative trend we've had for at least this month, target is 35k.   So failing then would help further sales and lower prices to occur
4164  Economy / Speculation / Re: 22 july, BTC 20k$ or 70k$? on: July 21, 2021, 08:09:07 PM
Its a good relief rally and now we trade above the weekly average now which means it can develop but the near reversal pin today is because of resistance from the old trading range we held.



Remaining questions are the monthly average and the 50 day average is still a weight descending overhead and thats where the larger picture would lie but certainly for that moment price got too cheap.   I'd guess we end month end a bit more positively then we had previous in constant decline.
4165  Economy / Economics / Re: Authoritarianism does not equate to efficiency. on: July 19, 2021, 11:58:55 PM
Command economy effect I think this is called, China can put a steel rod down the back anything alive or dead and make it dance to whatever tune it plays.   They can force things to be true that no other country could pull off, they can be both the producer and the consumer so vast is their potential market who can argue with them.

I still believe a free market is vastly superior because China relies on a top down decision process they also make horrible mistakes.   If they force something to be true, I dont doubt it happens but also means the mistake becomes bigger not that it no longer exists.    There is no nation, no person, party or army that can alter the tides, they cant alter natural phenomena and a market is a natural phenomena.   I think the same thing of QE and other fixed pricing that western governments use, these will result in losses and in the end the control exerted will fail and break where we revert back to natural processes between supply and demand.

Comparative advantage tells us that efficiency rules the world and the greatest profit freely available goes to those who can innovate and provide to the greatest efficiency.   Authoritarianism does not equate to efficiency.   China can flood a free market with the cheapest iron/steel in the world for example and wipe out the profits of every producer world wide because they have that excess capacity and out of all fuel China does have alot of coal I believe so the resources are there.  They then hope to profit from the now lack of Steel production outside their borders, some people think this works but its also true China paid for cheap iron to be supplied to other countries.   Its the job of countries to utilize those cheap resources best I guess, also regulate quality would be wise.

Quote from: revision to history
On the other side the current regime has been able to    take    stop taking hundreds of millions of people   out of  into hunger and abject poverty.
4166  Economy / Speculation / Re: Is there a pattern when there is a dump like this? on: July 19, 2021, 11:55:50 PM
Theres always a pattern, people refute TA and the idea of predicting price action because its never certainty and the human ego requires exact yes or no answers.   We are built to fear the unknown, thats the whole reason BTC has sold off so badly each time in that its got no military no government not even a backer or programmer to say this is good, its just a crowd cheering it on with nobody at the helm.

You can see weakness always, whats not easy is to discern when is a trend broken in a certain way such that the weakness becomes the past and a new good bullish trend starts.   Thats really hard, most of what I look for in terms of a pattern is consensus from Japan to europe and USA I need all those people to agree we are going to gain now and I should buy.
4167  Economy / Gambling discussion / Re: Your betting budget on: July 19, 2021, 11:51:26 PM
My budget is just the spare part I'd spend on any game like an arcade machine.   Its nice to get something back but not what I would base my budgeting on, that money part is not exactly a bonus but I tend to be a worse case scenario guy who hedges bets which also denies me the big wins too like some get.   Depends how you want to play it but betting is a game to me, I like to put down something official on a game so it is in no doubt just who I thought would win where and when in especially the underdog bets Smiley
4168  Economy / Gambling discussion / Re: What does it take for a game to "hook" people on: July 19, 2021, 11:48:39 PM
A hook requires an emotional response, hopefully enjoyment of the game and also risk reward which is a core emotion for human beings going many thousands of years.    Removing gambling will never rid humans of that need to take risks, compete and enjoy rewards and its all natural imo.    Hooked can mean good or bad gameplay though in terms of gambling I'm pretty sure you want to remain in control to achieve best results money wise.
4169  Economy / Speculation / Re: Options traders aim for $100K Bitcoin by the end of 2021, is there a chance? on: July 19, 2021, 11:44:07 PM
No!  A straight answer for you, right to the point.    The full answer will be more complicated and involves a range of possibilities and probabilities and at least one scenario is yes its possible but imo not probable at this point.  Dollar has no fixed value so of course its possible but even if the herd bolts they dont have to move all in the direction BTC right away, I just doubt that simple scenario unfolds.
   Main reason we dont get the higher pricing near term or this year is Dollar has been too strong so far, I dont fear it being much stronger but it can certainly be sticky and reluctant to lose these levels which are at least in the region of last summer when BTC price was much lower.    That just means you already got alot of the gains for BTC and even in 20k, the correct attitude right now is gratitude and patience not any anxiety about fantasy targets on calendar terms.
4170  Economy / Gambling discussion / Re: Million dollar win on $15 parlay whoa on: July 19, 2021, 11:37:06 PM
Dont retire but reduce hours would be nice for anyone, worst thing would be to better off but somehow feel worse.  The rich mans curse, personally I would not rate 1 mil as retire money its more likely buy a decent house and not be in debt.   The smart use of money is always reduce bills not spending as costs can increase if you buy alot of things which require maintenance and insurance and so on.   I'd like to think whoever won this parlay had spent alot of time thinking about it, calculating and so was smarter then the average better and the average lottery winner who does nothing but be the target not determiner of good luck.
4171  Economy / Gambling discussion / Re: Esports Prediction & Discussion Thread on: July 19, 2021, 10:55:12 PM
Its not small money to continually pay for a pro team and to compromise results like that would be the end of the team.   Titan was a great org that got completely wiped out by the lasting impression of poor play, one of their players cheated and the sponsorship completely fell through for them.  Titan wasn't even banned, no action or official comment was made against them, just that 1 player wearing their jersey all the sponsors on it while being banned ended them forever hence; due to rarity Titan stickers are worth good 5 figure sums now.    Companies own teams, thats normal and they will avoid screwing up the asset value.

Valve recently lightened up and said there was a 5 year ban for very young players who had cheated, something along those lines.   Previously it was forever even if you been an idiot at age 10 but for setting up fixed matches they have yet to announce any let up for players banned 7 years ago.   I did think 5 years ban was fair in all cases as pro sports does, either way the sponsors and free market mean the org would go broke.
  In very low level games there is more trouble in this problem, they have less to lose and the team discipline can be absent along with any real backbone and so the fixing money is comparatively more attractive.  Australian csgo teams are facing jail on this issue.
4172  Economy / Gambling discussion / Re: Is gambling attracted to emotion or luck on: July 19, 2021, 09:29:58 PM
Quote
I usually win when my mind is not that prepared to gamble

I'd say its quite universal you will more likely win when not chasing or desperate to have the odds go your way.   This is why its best to leave a game on your own terms and come back often rather then continue playing not even enjoying while just praying for one more win.   Never chase a bad game is best, have a system and plan to continue or not just come back and try luck another day.
  There is definitely a winning attitude observable which is emotion but in a controlled way is best.
4173  Economy / Speculation / Re: Will BTC Go for Another All Time High This Year? on: July 19, 2021, 06:19:19 PM
Bear market is a stock term, I first encountered that description in the summer of 2008 and we had lost 20% from the highs of that year I think.  However just after the bear market label popped up we rose for the rest of the summer quite well oil was $130 a barrel, them we came back to negatives in the Autumn of 2008 and Lehmans blew up and so on.     Its not an especially reliable way to trade or describe a market as we can easily rise.
 BTC is so volatile I would still not know for sure selling was over even if we beat the 200 day average at 45k I'd not assume.
4174  Economy / Speculation / Re: sell the rumor buy the news on: July 18, 2021, 11:58:32 PM
Quote
41,000 BTC unlocking in the next couple of days
Its more then a little bearish in outlook as we're at the tail of a long line of sells, alongside news like this quoted its fair to say some market participants are heavily apprehensive but this is also a point to call out very apparent negativity.   When market is one sided like too many people on one side of the boat, expect an upset.   An upset to an obvious bearish outlook is a possible rise.    I'am referring more to a trading type movement but I think its a fair possibility.  
4175  Economy / Gambling discussion / Re: Nigerian government changing the state of lotteries on: July 18, 2021, 06:31:29 PM
"Unexplored" meaning the Nigerian government wants its huge population to gamble more ! I don't like the sound of it and afaik these are the kind of issues that bring conflict knowing that different religious groups have different opinions over gambling. Tbh It's no brainer if gambling is taxable the real winners here are the government and not the people.



The idea that is quite justifiable is not to increase gambling especially in religious communities but just to allow those who already gamble to be able to do so and benefit their own country with the revenue of both companies more locally and fair tax on it.   This is so common an argument and the cash is much needed in a pandemic to ensure regular fiscal budgeting though oil is up and Nigeria is an OPEC nation nothing is simple here.    Freedom to bet is far more profitable then repressive regimes driving business underground to cash handling gangs etc.

Every country of the world has massive amounts of gambling going on whether its banned or not, its a totally normal human activity and game to play.  The only difference is really criminalizing a population and restricting quite simple human freedom.
4176  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 18, 2021, 06:16:24 PM
1000 every faucet collect is a retrospective win even if in theory you never got an actual big prize at the time just being involved regularly (presuming you did come back frequently) was fortuitous to say the least.   I cant even remember whats the most the faucet paid out in bits, Im sure I can remember hundreds being normal as minimum but not more then that.  I was involved in both SETI and PGP back in 2000, I had good reason to pay alot more attention to BTC then I did and/or be more optimistic to its potential in an age of QE.   All I can do now is not forget long term dynamics surprisingly play into BTC weighting back and forth.  We are definitely in some gloom right now and price could break down some but its a short term take.

   Problem is way back in the origins of this site and just generally any BTC site in the beginning it always sounded like pocket fluff, the bits thing kinda worked against the idea of value in peoples minds because how can thousands of a unit be worth anything.   We are all born into the world of FIAT junk that melts in your hand the longer you hold and you want at least 1 dollar or whatever currency to say you hold something.

Did 18 wheel spins got normal wins plus another 5000 BTC.   Having the extra wheel spins means I get the RP bonus more often which is a good utility as Im not using them as often, they convert to BTC and will collect interest now
4177  Economy / Gambling discussion / Re: Esports Prediction & Discussion Thread on: July 18, 2021, 05:28:08 PM
I decided to just bet on CS:GO while there are still major team playing on tournament.

CSGO is just a better game anyhow, so time well invested either way.    This result is not really supposed to happen, Gambit is ranking world number 1 but we also have the abnormal condition of missing out LAN finals for a long time and IEM is just now one of the first hence potential for upset results. 

 FAZE are good in theory pretty much always but also often fail to deliver, here they did the opposite and were the surprise to most.


NAVI ruining my maps bet by just devastating and making G2 look like a pub team.   Niko is one of the best CSGO players of all time, wasted he wont be happy even though G2 get second place the Navi win should not be forgot this whole year.
4178  Economy / Speculation / Re: Using BTC only for Trading? on: July 18, 2021, 04:57:22 PM
Trading in and out of alt coins acts like a form of leverage and it best works when BTC is positive or recently has seen alot of monetary velocity.   Otherwise the simplest thing is to stick to BTC for trading I think as you dont run as large a risk of gains being wiped out by the larger contraction in the crypto monetary base.   For anything alternate to BTC to gain while BTC is losing ground is a hard task, that makes trading much harder also.
4179  Economy / Speculation / Re: How come BTC is still so cheap? on: July 18, 2021, 03:30:04 AM
It could be argued we are cheaper then normal or constricted in our price range at least because we remain under the 50 day average and like a year ago the price finds this as resistance.    The blue line in that graph is quite pivotal is how I view it, not everyone likes graphs but looking at these every day I recognize that movement or pattern as quite significant so I draw a conclusion we can also assign significance similarly now.
  50 day was the bottom pricing for most of the 2021 higher prices, now its fallen so much it forms the ceiling to current action.   If we beat it then we have a price that is going to be less cheap then now, the other half to that argument is there is no certainty that we will beat this week, month but eventually like every average we become fully aligned.   For now we go sideways, some speculate we get cheaper and others like this thread ask why its cheap but it has to beat 50 day inertia in the price to answer either question properly.
4180  Economy / Economics / Re: Are Renewable Energy resources the future? on: July 17, 2021, 11:26:54 PM
In one shape or form renewable energy will cease to be seen as separate to any other energy source just preferable for its efficiency as much as other types, just requires more refinement and investment I think.
   It may not be exactly as some perceive now, for example bio diesel can be developed from strains of algae.  This is possible today but its not cost efficient as the diesel though natural is hard to produce on a massive scale required to compete with simply extracting ancient reserves but in future it may happen to be the main source of fuel.   Its disappointing how little tidal energy is being used, thats just a case of engineering making use of such large changes every day.
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