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4261  Economy / Speculation / Re: Bitcoin is not getting above $41,000 on: August 07, 2021, 03:48:03 AM
Speculatively its highly probable we reach the 200 day average because its such a common target in every country of the world and an average has some gravity to it from that common point.  Its far harder to say how we will fair once we reach that point but near term with being so close to 200DMA I presume we do get to that target.   After some sell off is also quite probable, we always alot speculate then sell only participating for a trade no other reason while that continues to be a theme don't doubt we regularly pull back in price. (its normal)
4262  Economy / Economics / Re: Is it easier to HODL if you are already rich? on: August 07, 2021, 01:14:58 AM
Its mostly about excess spending capacity, and earnings vs costs.   Someone rich may have far greater costs so to invest means organizing debts and spending to restrict the use of money that would otherwise be freely available and there is often an advantage to do so.   Sometimes people gain because leveraged bets on the price often sell for purely the reason they cannot afford the volatility of BTC going against them, if thats a clear pattern then your friend made a good observation to note the larger time frames trend between years was positive. 
 Commodity markets can resemble this except a big extra negative with a commodity is you must accept delivery, store and pay costs for the ownership where as BTC has its own unique dynamics that should be noted and are an important part of how it behaves.
4263  Economy / Gambling / Re: 45% annual percentage yield on: August 07, 2021, 01:02:26 AM
I get why people are questioning of that but the point is the actual nominal amount returned for such a low period of time is tiny, in percent terms its alot but the company is willing to provide it to promote interest and get a catchy headline.  Who would turn down 45% and really requiring not much commitment at all especially anyone who already owns FUN.   So its done to get people involved, the biggest step in establishing anything, website, idea, whatever product is getting enough people to understand and be aware of it.   Hence its beneficial to start high and the promotion is part of self advertisement

I went for the year long lock because that also seems fairly generous and you know the full term returns and amount.   I dont know about the 15 day one but I would not presume it continues for a year in constant roll over.  On that basis I took 25% offered and bumped my tier up a couple times also, I figure the extra wheel spins and the return helps justify.
  I already started off on the basis I want to hold BTC well into 2022, thats the biggest question people got to ask really imo.   My guess could be wrong but I'd weigh the 25% as greater then the 45%.   Crypto in general has had a far longer time line & inertia then most ever expected, a year is not too long for me to consider.  

Quote
What am I missing here? This makes no sense to me.
The quick reply to this is the scheme just started.   Rates change every day in most traded markets, on the basis of those two factors varying; 45% always being available is less likely.

I didnt check if the website allows multiple locks on varied amounts, that'd be one way to play it also.
4264  Economy / Speculation / Re: Bull trap or lasting on: August 06, 2021, 11:56:16 PM
Its trending upwards, its reasonable to expect a bull trend from here for this month at least.   Higher high on the daily bars, until the 200 day I expect upwards price action.
  There is some idea for resistance here from the lows of Feb but I think thats quite weak resistance and just an echo of the former range top we had seen mark top prices previously.   It will pull back at some point but has not given an indication of that currently, it has momentum and fairly clear space to move.
4265  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: August 06, 2021, 04:50:38 AM
BTC risen enough back again that we are teetering once again on the edge of where Rewards adjust downwards per unit, just a heads up for wheel spins etc.    Similarly I'd reference that dynamic in terms of the FUN token, you should expect the sat price to be under pressure if BTC is especially positive but I dont count that especially against the token except that its 'weaker' then the BTC standard which is true of the majority of crypto varieties; it may still outperform further out while BTC wavers back and forth which it can often do.
   I'm not yet sure BTC decided its going up or not short to medium term, seems to be that way but still within a pivotal area that might yet launch it.   If 200 day average has a gravity to it then we should visit there at least briefly.

I made a filter online for the newsletter because even when its in my contact list it can be filed into spam and never seen.   Edge browser so helpful wont shut up that Im on a gambling site, I havent yet found the option to mute that nonsense.   I just found 2 email I had missed just now, would have expired had I not remembered.   All 50 size rewards on my couple days worth of spins and 2x 500 and I won 5000 yesterday so its all good.

Quote from: FUN
''For all in-house operations such as the soon to be launched decentralized casino we will commit to burning no less than 50% of any profits after costs,''
Thats big
4266  Economy / Speculation / Re: Btc down trend are started ? on: August 06, 2021, 01:39:59 AM
I'd argue the ideal to combine both, a long term objective but also the ability to trade short term within that should be strategies that aid each other.
Its just establishing an uptrend again I think, alot of debris left in the path of price action from last time we were here but seems determined to resolve upwards.   Price right this moment is on the 12hr average which matches weekly average and we've closed above prior range bound price action from Jan.  Next best guess is we get to 200 day average from here
4267  Economy / Gambling discussion / Re: What does it take for a game to "hook" people on: August 06, 2021, 12:01:52 AM
I only return to a game if I like or feel like I understand it, part of the hook to any gameplay will be the winnings and nature of how the game delivers that performance back to you.    Its probably a really important of the game design and how successful it is with customers, I think alot of people like the mad streak multiplier effects where it can string together into a bigger win.   For me something as simple as the music and sound design could be why I like it, this doesn't relate to winnings at all just I don't like games that bug with their noise or if I have to mute it.   I quickly lose my affection for the game if I dont like the design sound and graphics tbh, I will likely look for another one.
4268  Economy / Speculation / Re: At last at last, bitcoin increase more than $41,000 on: August 05, 2021, 11:28:49 PM
Good bounce from an old negative trend, the only small worrying sign is that it did go slightly lower in this move then the last recent low.   It could be nothing I'm not quite sure yet, it has exceeded the weekly average now and would appear to be targeting the 200 day average for a final destination to this particular move.   After that we will resolve on a larger time frame I guess.

4269  Economy / Speculation / Re: Bitcoin Price Crashes in History on: August 04, 2021, 10:46:57 PM
2017 definitely pulled back a ton even while rising overall.   It was the lows not the highs that indicated something special was building, to cling onto the highs will be a rocky ride as it will always sell off and sometimes in a harsh way.
Quote
keep most of them till 2030.

That would be a proper investment time frame, thats only about 8 clear years worth which is long term hold but not abnormal investment wise.   People who say invest but need to sell in months to pay off some bill are speculating on leverage and the market taxes these people with its volatility so they do miss the bigger gains in the flush out or pullback sells.   BTC does rise very strongly sometimes but it pulls back so often that has to be accounted for as quite normal and to be expected, if we didnt pullback it would make BTC weaker and volume would be lower I think.
4270  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 04, 2021, 10:38:42 PM
I will guess Santorini just because I could confirm with day shots and it has a great view drop to the sea.


Good price action today with recovery back above Jan range and challenging now the weekly average to regain positive momentum.   Lows matched an old downtrend and we found positive sentiment to rise after a pullback, possibly into a larger positive move for this month.
Quote from: 4hr
4271  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: August 04, 2021, 10:25:40 PM
I had a ton of doge ages ago deposited with a reddit tip bot and the person running it decided since it was in such decline he could get away with running it on a fractional reserve basis then it went from like 1 sat ratio to 200 because Doge memes are power like that :p   everyone withdrew at once and he couldn't service it, rip those balances.    I had sold on the way down rather then ever anticipating the big rise it had, then and now I didnt see that so I've no involvement now but my point is having to wait for a withdrawal on an ancient balance is not the worst outcome at least it was held in good faith.   I still have a BTC balance from 2013 some places and over years they never updated their withdrawal fee, it was left at 0.1 from the ancient low prices which is silly and so there it stays as my balance was far smaller and back then not worth moving; nobody since has persuaded the company to act sensibly, that was a big exchange at that time also.    Fees here are very reasonable which I dont take for granted.


BTC Price action recovered, I think its quite pivotal or with diametric paths. If we made a new low from here on 4hr bars that'd indicate a larger move down possibly for the rest of the month but right this moment near to 40k this is a weekly average which for years I've weighed as indicating a positive trending market.  If we are able to push higher and stay there I expect greater gains, we've already placed above the Jan range and this last low kept this true.   Its not concrete in conclusion but its setting hence Im watching this area to decide if we can end up or down this month.

I won 5k sat on the wheel spins, it does show on the multiply page so fairly sure it does record this for all the prizes but I'll double check that

4272  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: August 03, 2021, 11:56:50 PM
Is anyone else having troubles getting any staff member to respond to them?

Try checking in on the doge thread while you wait, part of any withdrawal will be related to progress they make on refining that blockchain.   Alot of brand new accounts are linked to spam hence its better to keep an account here thats used more regularly

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309/1 nothing to sniff at, really need to check back here for F1 next time. 100 races, one of them has to win one time

I've seen it happen, back of the pack becoming a winner happened at Monaco one year.   It had torrential rain and alot of the cars were caught out on slicks, many crashed and the person who won was someone who had rarely ever had success before.   I will have to google for the name but always try outsider bets if bad weather comes up on the race, happens in Japan quite often.

Olivier Panis, his sole win '96.  5 podium with 157 starts.  Coulthard came second, bonkers race worth watching back some time
4273  Economy / Gambling discussion / Re: Online gambling becomes popular on: August 03, 2021, 11:49:12 PM
People can get addicted to tiktok, its because it only requires 5 second attention span and its set to music so its a pretty sure winning formula.   They get giant viewing figures and its probably very profitable advertising in that demographic but it could also be described as addictive in that particular way.   Anything at all that normally is fine even healthy can become a negative if repeated without reason, eating obviously can result negatively if overdone even exercise.   I've heard of a medal winner reducing themselves below 1% body fat till they wore even their heart muscle out and stressed themselves into an early grave in their twenties just from constant exercise and the endorphins that gives can be addictive.
   Addiction is certainly not the exclusive domain of gambling and drinking, its best to learn to step away and do other things on most activities imo
4274  Economy / Gambling discussion / Re: Gambling or playing? on: August 02, 2021, 11:58:28 PM
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unique or rare in-game items

My main objection would be about the game itself, if the rare items are just vanity pieces or especially illustrative and elaborate items of artwork then its fair enough the game continues and one player looks nicer aesthetically then another but overall its still about skill in the game itself.  
   If ever the game items distribute power and advantage over other players and thats done through monetary reward then it becomes a problem that will ultimately reduce gameplay and fairness.   We'll get one section of players from a rich country with an advantage over players from a poorer country and now you just have a game that mirrors the rather unfortunate realities of normal life that some are richer and thats not really a proper game or one I'd want to be part of personally.


Fifa in the example above gives advantage to those with alot of money.   Maybe a really great player can overcome their disadvantage but its not a level playing field, the poorer person has weights put on their back to stop them competing as well vs the richer person.  Thats like the mindset of a hundred years ago, EA in general are not of my favorite companies because of this policy and similar ideas they keep repeating this theme.
4275  Economy / Gambling discussion / Re: Which is your favorite girl to ever win the WSOP ME Sometime... on: August 02, 2021, 11:54:54 PM
Victoria Coren I know because she is also a TV presenter on mainstream gameshows and is married to a famous comedian.   Also writes columns and opinion pieces in newspapers and all round brain box who probably won poker through such skills rather just good looks and charm so I'd vote them.  I'm glad the whole arena is becoming more inclusive, thats only a positive that will build up revenue and audience figures etc.
4276  Economy / Speculation / Re: Buy Bitcoin and hold it: 180% annual yield on average since the first halving on: August 02, 2021, 11:49:28 PM
The dollar is worth less in 2021 then 2000 and 1990, part of the gains we see are losses from inflation and its slightly deceptive from that.   The low cost of money and debt is beneficial to some companies, certainly it seems to benefit internet companies and perhaps also the Bitcoin ecosystem benefits from weak dollar.    In 1990 $1000 into CSCO shares would have been a million dollars nominally by the end of the decade, 18k in MSFT would have done similarly.   I wasn't aware of Cisco back then but I tried the first few Windows versions and realized the product would do well in the mainstream, I had no idea the shares would grow quite that much and a large part of the story is the FED policy and fiscal expansion during the 90's
   I do expect deflation to occur eventually, inflation does not equate to growth its an efficiency loss that makes people poorer overall which will show up eventually.    Due to the amount of dollar debt, I expect BTC to be a safer place which will be surprising to many and its impossible to predict how that looks on a chart.    100k by year end isn't necessary, even next year I'd be fine if it stayed flat from here for 2 years or only regained the highs all that is a very positive outcome in a volatile world imo.
4277  Economy / Gambling discussion / Re: signs of gambling addiction on: August 02, 2021, 11:39:48 PM
Theres two main costs to gambling, money and time.   Set a budget for both or either and you will likely avoid drifting into some habit that is uncontrolled.   If not especially disciplined to do either limitation then keep your bets small and varied rather then big bet on outcomes hoping for a pay off.  The best betting is regular and planned over time, avoid drinking while betting or while drunk is also advisable as that would throw the plan out the window.    Best rule overall is just have a set budget, only bet upto that point and resolve to come back another day not every game will be won.   
4278  Other / Off-topic / Re: Slapping Tournament on: August 02, 2021, 11:35:26 PM
Theres an advert on there because it gets viewers but not for the right reason as its not a sport or anything with skill at all.  It would be more positive to be throwing bags at each other to trigger a tub of backed beans to fall on the opponent and probably just as entertaining.   I dont object except injury is possible and since its nonsense to begin with thats not really ok, its about as classy as hobo fighting or paying drunks to swing at each other, not something I'd stream.
4279  Economy / Gambling discussion / Re: Should online gambling companies be responsible for harm related activities? on: August 02, 2021, 10:40:25 PM
I can gamble throwing pennies against a wall, in college we used to gamble with a pack of cards between lessons and on the bus back and forth and no company was involved.   Gambling isnt an exclusive product, the sole burden of handling a personal problem with gambling is the person themselves.   The companies should do their best to comply with requests to restrict access or whatever measure can help maybe capital controls of amount available to gamble but beyond that they can only do so much and the idea the gamble doesn't exist without a company is a fallacy.
4280  Economy / Speculation / Re: It's not the end, $60k again on: August 02, 2021, 10:05:15 PM
Possible higher low here is quite bullish for a pullback it wouldnt be as serious as some take it.    We are below 2 day and weekly averages but still above 50 day which is far more important for the weight in price action inertia right now



If we can regain the weekly average in yellow and regain the prior closing lows now acting as some short term ceiling it would be some show of strength that might build into a continuation of recent strength.   For the moment we're falling back having lost that quick sequence of daily green bars.   Dollar index isnt moving up, its a trading move mostly I think.
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