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4381  Economy / Trading Discussion / Re: Sell a little bitcoin now to get into alts when it all drops soon? on: January 07, 2022, 08:07:05 PM
This is a matter of personal choice, research, and preference, and could not be answered by any one of us here. If you deem altcoins as worthy during this bearish season, then go for it and explore some alts that you wanted to hold for a long time now. Personally, I already sold some of my bitcoins and I'm holding the proceeds on stablecoins, and still researching on which alts to grab and play with. During these times, there are some 'outliers' that manage to make some decent increase in price all while the market is scrambling to get back to its feet.
4382  Alternate cryptocurrencies / Altcoin Discussion / Re: staking is a type of mining? on: January 07, 2022, 07:28:22 PM
Staking requires you to have the coins you want to mint in order to create more, whereas in mining you only need to have the hardware in order to mint new coins into the circulation. While in essence, staking is also mining, the circumstances to which coins are produced from it are very different from the actual mining that we know of. There's nothing to be pedantic about though, IMO, as they both produce coins at the end of the day, and the difference only lies on the manner to which coins are produced.
4383  Economy / Economics / Re: The crisis in Kazakhstan. Entering the occupation troops. Impact on the crypto on: January 07, 2022, 06:11:18 PM
Isn't Kazakhstan the country where a lot of miners from China fled to after the supposed mining ban? Looking at the hashrates, it seems that the country hasn't stopped hashing that much ever since the unrest began. Perhaps the miners are also situated on provinces just like in China. IMO, this will not significantly impact trading prices on bitcoin, but will surely have some effects on the mining side of things. But even then, the network will just adjust with the absence of the Kazakh-based miners, and perhaps it may not be long before those miners relocate again.
4384  Economy / Service Discussion / Re: Airbnb To Implement Crypto Payments on: January 06, 2022, 11:41:19 PM
I've been using their service ever since it became available here in the country, and it's been a good few years since that started. Back before the pandemic happened, every weekend I see to it that I go out and spend some quiet time away from the metros, and Airbnb is my go to when it comes to lodging and short stays. It will definitely be an awesome experience to pay with crypto on my next visit on the countryside should it ever get implemented. But of course it will be subject to reviews and whatnot, though seeing how open their whole team is on crypto usage for payments, it may not be long before we see a crypto tab on the Airbnb tab.
4385  Bitcoin / Bitcoin Discussion / Re: Will owning 0.01 BTC really make you rich? on: January 06, 2022, 10:15:46 PM
Just look at how other people in the early days were able to make millions with the minimum investment that they had for bitcoin. Also, the masses still appreciate bitcoin more and more, and it still receives quite a lot of attention from deep pockets making it a viable investment still. But for your specific question, depends mainly on how much bitcoin climbs. Your 0.01 bitcoin might make decent profits, but still not enough to consider you as a rich person from where you are at.

Or the opposite could happen and bitcoin goes to nil the very next day. Who knows?
4386  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin to Proof-of-Stake (PoS)? on: January 06, 2022, 09:20:55 PM
As you said it, dogecoin would surely face heavy centralization issues. Lots of entities hold billions of dogecoins, and exchanges are one of them. If they could somehow think of a way to burn coins as much as they are minted then it could be a good thing, otherwise it will prove devastating for the meme coin as the supply will overflow on the markets for sure. But then, I believe that Vitalik and the rest of the advisers would find a way to make things work. That is their role anyway as advisers.
4387  Economy / Gambling discussion / Re: Average gainer gambler on: January 06, 2022, 08:05:33 PM
Hard to know what percentage of gamblers are 'average gainers' since they can easily say that they are on the green side of things, albeit being down on losses in reality. Only those who own the platform and work for the platform are absolute gainers on this industry, while the players and the peers are mostly losers. If a huge percentage of players are winners, you will never see casinos and gambling platforms do generous promotions from time to time. In fact, they do those promotions to lure people into playing and losing their money. If they do these often, imagine how much money players are losing to them on average.
4388  Bitcoin / Bitcoin Discussion / Re: bitcoin is unsettling, for those who don't have it on: January 06, 2022, 06:57:59 PM
I am curious to know whether bankers really hate crypto in general. Is it because it combats their belief, or they just don't know a thing about it? Sometimes, like what fiulpro mentioned, it's the lack of education and knowledge on the matter why people jump the gun almost immediately. They don't know much about what's being discussed and immediately judge things based on what they already know without even digging further.

Good for you that you have jumped ship, and learned lots of things that were foreign to you because of the previous environment that you work in. It's hard to learn things that were completely opposite of what you already know.
4389  Economy / Gambling discussion / Re: Don't bet more than you can afford to lose. on: January 06, 2022, 05:41:09 PM
We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?

So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.

I only earn about $1500 a month, and I only use $100 max to fund for my dice games for a month. $20 a week I use to fund my online gambling account, and spend 1-2 hours of playing dice and enjoying myself. Sometimes, I don't even play at all, but I don't carry over what I haven't used for the next week, as there isn't any reason for me to double down on my bet. I only play dice or any other casino games to kill time, as there isn't much to do around these parts, and it's hard to escape to the countryside on weekends and have myself some relaxing weekend drive due to the number of people going out at that time.

For me, anything above $100 per month on entertainment is indulgence. Heck, $100 is too much for entertainment IMO, but I've been used to this amount for so long that it becomes difficult to adjust the amount that I'm using to bet.
4390  Economy / Gambling / Re: MISTAKE TIP 3.8 BTC on: January 05, 2022, 11:19:46 PM
You shouldn't have waited for too long to send the money back. Also, how can you have a hint of the username without even seeing the tip happen in real time since you're offline that day? If you have a hint on the username, the history on your account should tell you who sent you that money. A lot of things on your story don't add up.

What's even amazing is that you didn't spend anything from the tip in a year. You can tell me that you've been offline for a year, and wanted to return it back AND have a hint on the username of who sent you the tip.
4391  Alternate cryptocurrencies / Altcoin Discussion / Re: Stick to altcoins or switch to Bitcoin or stablecoins? on: January 05, 2022, 09:04:11 PM
Personally what I would do is hold lots of coins and just forget about them for a while. Of course, top priority would be bitcoin followed by an alt of my choosing. Stablecoins won't really matter much IMO, as these can be frozen AFAIK so it's not a good thing holding them for so long. Holding varied coins will most probably save you from your coins' value crashing so hard, and may eventually lead you to even greater profits in the future.
4392  Bitcoin / Bitcoin Discussion / Re: My Bitcoin mistake In 2020-2021 on: January 05, 2022, 07:36:29 PM
I don't see it as a mistake though. You simply don't know that the price will still make a push that high, plus you've already made a profit so it's already a wise decision. Perhaps you might feel some kind of regret since the price pushed higher, but what if the price went the other way? You'll have regrets too, and an even bigger one at that.

IMO, next time you want to invest, see to it that you will have something that you intend to store for the long term, and something to take profits from if the price performs quite well.
4393  Economy / Economics / Re: If the government loses control of the financial system, we have a fall back on: January 05, 2022, 06:15:29 PM
I just can't understand why there are 'leaders' who direct their people towards doom. It's obvious that the Turkish Lira isn't up to par with other currencies as of the moment, and it's bad advice to let people hold their assets in the local currency especially if the government doesn't do anything to make things work.

If I were a Turkish holding some assets on my local currency, I'd be sure to look for other options and save my hard-earned money.
4394  Bitcoin / Bitcoin Discussion / Re: Nayib Bukele prediction: 2 more countries will adopt Bitcoin as legal tender on: January 05, 2022, 04:03:59 PM
Probably not going to happen any time soon. Bukele is probably just hyping up bitcoin yet again, and he knows that not a lot of countries have the leeway to approve bitcoin as a legal tender.

It is a long and tedious process, and not some plan that can easily be executed if they so do wish, especially if the country in question is already facing enough economic problems of their own.

We will certainly see other countries following suit, but it's most certainly not any time soon.
4395  Economy / Economics / Re: U.S. population grew only 0.1% in 2021 lowest rate since nation's founding on: January 04, 2022, 11:32:47 PM
If I were to be asked, I don't consider negative population rate as something detrimental. In fact, it even helps us recover somewhat from the pressures of overpopulation that has been straining our planet for too long. It might have also been fueled by a lot of the younger generation deciding not to have kids, as they believe that having kids on this day and age isn't really ideal, for there are a lot of problems at hand that can't easily be solved even if we try to focus all our attention on said problems.

With the technological advancement Man has achieved in 2 centuries since the founding of the United States, IMO, we can safely say that declining population trends won't really be a problem in stimulating economic growth. They are now replacing lots of jobs with autonomous machines capable of doing the same work Man can do in an even efficient manner. In a supply chain and mass production POV, machines are infinitely better than their human counterparts, so less humans existing won't substantially have an effect on our future economically speaking.

Then again, the trend has to be reversed somewhat, to ensure that we as a species survive, but that's another topic to be discussed.
4396  Economy / Gambling discussion / Re: Sport's betting experience on: January 04, 2022, 08:56:49 PM
The only safe bet are those bets you placed knowing in advance how the match will play out. In other words, you know of the match fixing that will happen eventually hence you bet on the outcome. These patterns that you have found out isn't 100% exploitable, and could not be considered as safe bets because even favorites to win the match sometimes drop off of their game and deliver lackluster performance. While on paper it is a good betting strategy, in practice this will, most of the time, fail since you cannot expect favorites to always cover the odds that were designated to them by the linemakers.
4397  Bitcoin / Bitcoin Discussion / Re: Billionaire Chamath Palihapitiya says Visa / Mastercard biggest failures 2022 on: January 04, 2022, 07:23:03 PM
The Defi platforms and other Alt coins will mostly turn scam.... and on that I will agree. VISA and MasterCard is just too big and they will hire their own developers to develop something that will prevent a disruption of their business. (Governments will also use legislation to protect these large companies that are backed by Banks)  Roll Eyes

While the ideas laid bare by altcoins on defi is really ground breaking and innovative, most of these projects lose traction in just a few months after they already get enough money from peers and the general public. It's true that most of these innovative altcoins will likely turn out as scams, though the innovation that they bring on the table can still be reused with the right set of minds that pick them up.

I wouldn't bank heavily on Defi and crypto payments overthrowing Visa and Mastercard. This will take a lot of time before people can be comfortable in making the switch.

4398  Economy / Economics / Re: Covid crisis leaves Sri Lanka on brink of bankruptcy on: January 04, 2022, 06:24:34 PM
The older generation always downplays the current economic conditions, and pins it to the youth for not doing much for themselves, hence why a lot of them are broke, and cannot afford basic things that they should be able to buy. The economic conditions in Sri Lanka is extremely critical, that no amount of hustle can help anyone weather the current economic crisis. Even if you are lucky enough to start a business, your consumers would be so poor to even buy from you, rendering your business bankrupt in a few months or so. Government aids can also save people for a limited time, and what everyone of them needs is a stimulated economy that creates jobs, but I don't think that the country won't see it anytime soon.

With the threat of omicron being a more transmissible virus, countries relying heavily on tourism such as Sri Lanka will have a hard time getting back on their feet.
4399  Economy / Gambling discussion / Re: Could Gambling Legalization be a positive thing for Brazil? on: January 04, 2022, 05:37:45 PM
It wouldn't hurt, though I am not sure whether it is the answer that Brazil is looking for in order for them to solve their economic woes. Bolsonaro's action plans aren't helping, too, and his priorities aren't even straight when it comes to repairing Brazil, or helping his constituents have a better life. His responses on the pandemic aren't even at the bare minimum compared to other countries, and the way he handled it all only worsened the conditions on Brazil.

His cronies would probably ask for a lot of prerequisites, and would surely on top of their corruption game before gambling in the said country is passed.
4400  Economy / Gambling discussion / Re: Big Wins of 2021 ($550,000+) on: January 04, 2022, 02:15:17 PM
Those slips are crazy, and I must say that your picks are of great value as well. Pity I cannot bring myself to chuck in anything larger than $20 on sports betting even if it's already a sure win. I have some considerable knowledge when it comes to sports, but I don't really trust my picks too often that I don't really bet anything at all. Really wished that I had the guts to bet something on sports events that I'm very familiar with, but it is what it is.

Congrats to the wins and I hope that you do even better this year.
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