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4421  Economy / Economics / Re: "Crypto is no longer in the early adoption stage" on: August 18, 2021, 02:31:09 AM
Yes, I agree that bitcoin is no longer in an adoption stage and as you can see, people are now having an idea about its existence in the market and even big companies and big investors are already engaging to it.

It is really a positive impact in bitcoin when it is spreading all over the world and many people are investing on mining it.

Hoping that bitcoin will continue to become popular and reach the mainstream investment and payment tool.

I think as long as the global bitcoin community continues to be active, bitcoin can continue to shine, now bitcoin is the best investment choice because it has proven its performance for more than 10 years, I'm sure big companies that continue to develop bitcoin will produce useful products to facilitate global transactions.

It is the best investment because of its price, but can you imagine the price of bitcoin three years ago that is really cheap and only a few people are just thinking about it as an investment because it is really used for online payment because it is fast, trackable, and has lower fees? Fast forward to the present, the price is high and it is well established, and other stores and large corporations are accepting it as payment because it is becoming popular, which is also proven and tested.
4422  Economy / Gambling discussion / Re: Economic Costs of Gambling on: August 18, 2021, 01:34:08 AM


If a player plays daily, then he has a daily adrenaline rush into the circulatory system.  This destroys the human body. 

Therefore, daily gambling is harmful.

As long as the adrenaline is focus in gambling I don't think there will be a cure, the excitement of playing in a gambling venue online or offline create an adrenaline rush and this is something that makes the gambler alive, the professional can cure by giving the gambler an alternative to focusing the energy, it could be anything like playing basketball or painting there are many things to redirect the energy.

Agreed, it's the same with carnival rides that give you an adrenaline rush and make you want to try again, as well as games that make you feel the rush and make you want to try again and again in the hopes of winning. The feeling of winning in gambling is unlike any other that I can describe, and it is extremely addictive, unlike playing games or any physical games. It makes you feel extremely happy and amazed in ways that no words can express, but it will make the gambler addicted to it.
4423  Economy / Gambling discussion / Re: Will physical casinos accept crypto someday? on: August 17, 2021, 04:07:34 PM
God I hope that they accept it someday, I feel like they're progressive in terms of new technology so I think that they will consider and finally add them someday that kind of payment system. They can probably multiply their profit because they can just store the crypto that they accept since they still profit a lot without the crypto.

It will, but I'm not sure what the fees will be if they accept it, and hopefully they'll be able to catch up when the price spikes unexpectedly. This is a benefit to those who have crypto and will have no effect on those who do not, but can you imagine the innovation that most casinos are putting into technology that could lead to success? We believe this will happen in the future because, as we all know, cryptocurrency is becoming increasingly popular, and there is no reason why they will not accept it as a form of payment.
4424  Economy / Gambling discussion / Re: Who where how much withdrew from no deposit on: August 17, 2021, 05:52:13 AM
That used to be done by many online poker houses. They gave you a free bankroll, small, and there were a few of us who managed to withdraw quite a lot of money from that bankroll. Nowadays I believe that this is no longer offered or has been reduced to a minimum due to the regulations. For casino games, crypto or not, you have to be very lucky to be able to withdraw because of the wagering requirements.

There are still a few who have a faucet just to get a feel for the game; previously, some websites were not secured, allowing them to claim multiple times in faucets and also send it to other accounts, allowing them to earn a lot of money from it; however, now it is secured, and it is extremely rare to win from it because the amount is so close to zero and you can only play it once before having to deposit money. I haven't yet tried to win from a no deposit bonus in a gambling site because I am not fortunate enough.
4425  Economy / Gambling discussion / Re: Cryptocurrencies price and their effect on gambling industry on: August 17, 2021, 03:21:46 AM
I think that when coins rise in value, casinos will also make more revenue (in fiat terms).


That can happen in reverse also, bitcoin dropping in value will lead the casinos to make reduced money and they also have to pay their staff plus other expenses of the casino.
It can work only if casinos sell the crypto they made immediately to some exchange but that is time-consuming if the casino is big and deposits and withdrawals are happening fast.

I would expect gamblers to be more willing to gamble with their coins when the bitcoin price is low. Sure when the price higher we can also make more money with gambling, but we are always at risk to lose out on another price increase. While when the price is lower we are looking for other ways to get income from our coins.

Yes, it is because it is cheap, but I believe they will adjust it if the price goes down or up, as most online gambling sites do, but it is very nice to us and also to the owner if the price is low because if it goes up, the owner will profit from it, and we will pay less because the price is low. However, regardless of the price, it is still significant right now because the price of bitcoin is extremely high.
4426  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you make your HODL or dump decisions? on: August 17, 2021, 01:42:55 AM
If you feel that now is a very good time to release the token, you better release it now first, then if you still believe in the project token, it's better until the price continues to decline, because with what you said above that the big whale has left there is a high probability that the price will drop.

If you really need money, dump it, but if you don't, keep it, or if you're afraid the price will go down, sell 80 percent of the coin and keep the other 20 percent, according to a good friend of mine. This method works for me, even if that 20% gain sometimes turns into a 50% gain, but it's still a profit even though I sold it earlier. However, whether you sold it for a low price or a high price, the profit is still yours.
4427  Economy / Economics / Re: Only young and naive guy believe in high risk high return on: August 16, 2021, 12:06:29 PM
My personal experience tells me that every time I say high-risk and high-return, I always remember the high-return but always forget the three words high-risk habitually.

In fact, people will know that when investing has a high profit, it is automatically a high risk, many say bitcoin/crypto is gambling but I don't think so because there are many factors that make us believe this is not gambling.
This fact is somewhat too general and sometimes misinterprets some points, it is generally more accurate to risk based on the investor's economic background, a person with good economics won't worry about losing a few thousand dollars while a person with poor economics will be the opposite. It's just one of a few small factors, but it can be said that believing in that rule is an incomplete experience, however, we cannot attribute all of that deficiency to young men, age does not define a person's experience

Experience doesn't always imply better skills in this or that field, so I agree with you. But with that said, I want to note that believing in high risk high return isn't necessarily a bad thing. You just have to weigh your options carefully, and if you put something at high risk, it should be something you can afford to lose.


Agreed, I believe high risk high return is a very broad term. For example, my friends are all into trading, but after they've burned through their accounts, they're all into axie, which is high risk at the time, but has a bright future, so we could say it's also high reward. I now regard them as wealthy because they are willing to take risks and recognize that they will not always be able to recoup their investment. I believe that the HYIP or ponzi schemes he is referring to are the majority of them, as there are currently only a few.
4428  Bitcoin / Bitcoin Discussion / Re: Is cryptocurrency bad for the environment? on: August 16, 2021, 06:28:30 AM
What is baddest  the people who destroy the environment because of their shits or the Mining of crypto in which many are using alternative source of energy like solar paneling or wind energy? and El Salvador is trying to mine now using geothermal energy.


Most miners are now converting to green energy because we know that most countries have high electricity prices, so converting to renewable energy saves us money while maintaining the same efficiency, and it also has the potential to have a positive impact on the environment. Although it is initially expensive and requires money, it will be cost effective and require less maintenance in the future. It's also a good idea to locate your mining rigs in a cold location, such as Greenland, where they have rigs and use renewable energy.
4429  Economy / Gambling discussion / Re: Gambling Exposed to children on: August 16, 2021, 03:07:15 AM
It is bad that our children are born to meet gambling as a game,which will drain and suck them financially and emotionally of the little dime they got.The internet is a tool that facilitates online gambling,but since it can't be scrapped off,we just have to bear,and make do with it as one of the disadvantage of the internet.
Well, here the role of parents is very important to control their children, to keep controlling their activities on the internet which often opens certain videos with smartphones. But in my place.. the video about the gambling site has not been clearly listed/often appears on youtube or other social media.
Unfortunately this is difficult to do, kids have access to all kind of technology that was unthinkable just a decade ago and even if you can control what they are watching in the devices you bought this does not holds true when they are using the devices of other kids, so while direct protection from this kind of information seems like the best option at the same time it is never going to be enough, which is why it is important to have a talk about why something like gambling is not good for them at such an early age.

True, though I could control my children from playing online games, he is tend to play on his grand father's mobile device from other places. This is really a challenging one. As said, instead of protecting or controlling them from playing, its always best to educate them why they should not play the game. That should be explained in a way they understand.   

In terms of using the internet and playing games, children nowadays are extremely difficult to control. We can't really prevent them because we live in a technological age where almost everyone has access to the internet. What we can do now is talk to them and educate them about the risks of the internet. We also know that they are aware of betting in online games but aren't aware that it is gambling because they think it's just for fun so we should also educate them with this.
4430  Economy / Economics / Re: Food prices doubled this year on: August 15, 2021, 08:03:29 AM
I live in a village, on the slopes of a mountain and this is what happened in my village during the pandemic. The conditions in most cities in our country are, hotels are empty of visitors, many restaurants are closed, if they are open their operating hours are shorter, food stalls are empty of buyers, the middle-class economy on average changes their lifestyle more efficiently. It's not magic and it's not magic. The price of agricultural crops is in free fall, a drop of minus 100%, some even more. So no increase in food prices.

Not very surprising. A lot of people have lost their jobs (especially in the unorganized sector), and they have cut down on their expenses. Even in the selection of food, the preference is now for less expensive stuff. And this impact is more in the village areas, since very few of the population would be having formal jobs. Those who have formal jobs will be protected against job loss and salary reduction to some degree, at least temporarily. That is not the case with those who work in the informal sector.
Indeed. This is not just in any villages but I think everywhere. Because of the pandemic, their are lot of people who losses their job, they have nothing to eat. Every countries face the hard time because of covid19. The inflation and economic problems become one of the biggest impacts from pandemic. Food price doubled this year because that is the main need of human being. Everyone need food but the food storage cannot fulfill the demand. Quarantine is also the reason, people needs job and business right now are limited.
Yes, everyone is affected as well as this new news in our place. All tourism entrepreneurs will close if the end of this year the restrictions continue. Up to thousands of workers all at home. This is indeed a very difficult situation. I hope this pandemic passes quickly.

Agreed, and those who have been affected by the business closure are pleading for assistance because they don't have enough money to buy food and are relying solely on the government because they can't go outside to find another source of income. It is extremely difficult right now, and the government is also having difficulty because the economy is not fully open. If we have extra money, food, or other resources, we should simply help each other.
4431  Economy / Speculation / Re: Is bitcoin a good investment in this pendamic situation? on: August 14, 2021, 02:39:41 PM
Bitcoin is a good investment but it depends on your exist funds. We cannot really deny that we are all having a hard time finding a job or money for financial we also need funds this time to buy important things because of pandemic most of us is shorten in terms or funds. But if we have funds we can still invest in btc just an amount that we can afford to loss if ever we loss.
While they may look tempting, crypto assets are not without their drawbacks. Its significant volatility makes investing in crypto assets to be considered carefully. Especially if you plan to trade, not just invest. So it's important for a beginner to really study bitcoin trading in depth in order to minimize losses.

Crypto investment is like a roller coaster, I suggest to have more/enough money before enter crypto investment, because most investors put all their money and when they see the price drop 10% in a day then panic and sell with loss.
I agree on that, crypto is what we called an unstable investment with unstable profit or if possible we can also loss on it, so before engaging on crypto investing process we need to be sure that we have enough funds to invest into it, something like we are financially free before investing.

agree that whether there is a pandemic or not, it is still risky to invest in crypto because it is very volatile; it just depends on the person who is taking the risk, which is why those investors say that invest what you can afford to lose because we don't know what will happen with our investments money, it is not guaranteed to be returned to you, but risking it will also get you a reward Almost everything has a risk, and it is up to you to take it.
4432  Economy / Gambling discussion / Re: Sexy casinos on: August 14, 2021, 11:19:33 AM
What do you think of sexy casinos? Do you think it's a good thing? Have you ever tried any? What is your favorite one?

For those who have never heard of that and who are asking what I am talking about precisely, Iv4n found these 2 old threads about few of them.
Thanks to him.

We have these two threads about sexy casinos! I think it's very nice for all nudity lovers, and sure I am one of them! I didn't try these casinos before, but I will sure give it a try once... when I send my wife and kids somewhere! Smiley

1. https://bitcointalk.org/index.php?topic=3278639.0

2. https://bitcointalk.org/index.php?topic=5255637.0

I guess it can be a nice entertainment with this nudity & gambling combination. We all know that gambling and porn are not for the ones with a weak heart, so people should be careful when trying this! A little joke of course!
The sexy casino is a trick used by casino owners to attract more visitors, it's almost like a striptease club.  The visitors who visit the sexy casino certainly have various kinds of desires, some really want to gamble or just get acquainted with the sexy waitress there.  i've come into casinos that have sexy waitresses a few times and to be honest, i'm having a hard time focusing lol.

I've noticed this in other countries as well, and I believe it could help them attract customers to their casinos. It looks like a club, but it isn't, and there are women there. I'm not sure what the point of this is; it simply demonstrates that they were attracting men who wanted both girls and to gamble money. I don't go to physical casinos and have only seen those. In terms of online, I saw some banners also that there are girls, but only a few. I believe that method does not work online; it only works in physical casino.
4433  Bitcoin / Bitcoin Discussion / Re: The relationship between Bitcoin and human civilization on: August 14, 2021, 09:31:26 AM
I understand how you can understand the relationship between Bitcoin and human civilization. If human civilization did not exist today, this bitcoin would not have any importance or dignity.The only reason we see Bitcoin today is because of human civilization.So I think that if there were no human civilization, there would be no existence of this bitcoin today, so this bitcoin and human civilization could not survive without each other.
Also, bitcoin was born out of necessity, remember that the initial purpose of bitcoin was to be used for transaction and eliminate the middle man that is the banks. Remember that necessity is the mother of invention so the reason why there's bitcoin is because we see a need for it. Also, it's just a part of us as a civilization, there are more wonders that surpasses even bitcoin.
Agree to this remember those days when the goal was to pay online with less fees, faster, and with the ability to track in realtime. Well, since we will continue to innovate in the future, bitcoin will most likely be there as well, whether as an investment, a means of online transactions, or a means of payment. However, for the time being, the majority of people regard bitcoin as an investment from which they will profit.
4434  Economy / Gambling discussion / Re: Can anything make you stop gambling on: August 14, 2021, 08:09:33 AM
Can anything stop you from gambling...maybe your family, friends, circumstances or even your losses?
For me yes there's a lot of ways to stop my gambling activity when i'm that desperate, i've been there at one point where i'd try out different casinos every other day and it took me a while to cool off. Losing is one way around it but you're better off looking for other options like another activity that would kill most of your time. It takes a lot of effort to pull it off because the hardest part is accepting and realizing the losses you've made throughout your gambling journey.

That's wonderful to hear. Though people are not the same as you, I do have a friend who is addicted to gambling and has easily overcome it and i have also my other friend is really struggling, most of his assets have been sold, he is still low right now and trying to overcome it, we were not really close but I could see that he is struggling, he keeps trying to get rid of gambling but I can still see him going to his friends house.
4435  Bitcoin / Bitcoin Discussion / Re: Bitcoin is more real than money in the Bank on: August 13, 2021, 06:44:40 AM
Isn't that stealing?

Yes, it is.

Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

I wouldn't say real, I would say more valuable. After all, most fiat money is digital, just like Bitcoin. The difference is that Bitcoin has increasing value due to scarcity and fiat decreasing value due to mass printing.

I wouldn't be surprised if some countries ban it, but I think it will happen to them like China when it refused to switch to the gold standard and continued with silver.


True, perhaps a more appropriate word is bitcoin is more valuable than fiat money, maybe because bitcoin can increase in value because of its scarcity, while fiat money is not. But I hope that one day bitcoin is not in the hands of the government, if that happens we can't do everything ourselves and at will.

Agreed, only those groceries or markets that continue to rise in price. The only one that is increasing is the conversion of fiat currency. We all know it will not increase in value, which is why the government is announcing that they will raise the salaries of their employees because that is the only way the money will increase and be able to cope with the market price, which we all know is extremely high. Unlike bitcoin, which continues to rise year after year, this is fantastic.
4436  Bitcoin / Bitcoin Discussion / Re: Do you know the difference between Bitcoin and bitcoin? on: August 13, 2021, 05:03:49 AM
Wow, I didn't realize that. I assumed it was the same, and it all depends on how people spell it. That's a very good explanation; I hadn't noticed this before. I was only sending and receiving bitcoin at the time. That's just a small piece of trivia, but it's worth it because I learned something today. Thank you so much for this; I'll forward it to a friend.
4437  Economy / Economics / Re: Poor and middle class as a mentality on: August 12, 2021, 12:05:38 PM
Poor and rich are social problems that all countries have.  In the book I read entitled "Zakat", it is said that the solution for the poor and the rich is zakat, in the wealth of the rich there is a right for the poor 2.5% of the total because the essence of man was created to be a leader, when he is well off and has wealth.  If there is excess, then look at your family first, when your family is poor, in your property there is the right of your family and it is obligatory for you to give it.  When your family is prosperous then look at your surroundings, if your neighbor is poor, your neighbor has rights in your property and it is obligatory for you to give it.  When is it said that you are obliged to pay zakat for the poor, when your wealth has met the nisab (rules for calculating it), that is, your wealth is equivalent to 85 grams of gold.  With this zakat, wealth will be distributed to the needy according to the proportion so that human life becomes prosperous.

Handing out freebies can never be a perfect solution. If zakat could resolve the issue of poverty, then there should not be any poor people in countries like Somalia and Sudan. That is not the case. Also, the 2.5% wealth tax is a bit on the higher side, especially if this is done on top of regular income tax. So instead of handouts, I would argue in favor of giving education and skill training for the poor. Handouts will last only for a few days. But the education and skills are permanent and will stay with these people for their entire life and help them to find a proper job.
we must realize that poverty is unlikely to be eliminated. But we can do something to reduce poverty. In addition to the role of the government, we really have to help each other, by providing skills, education and health, I think this is the initial solution, but for all of this it requires a process, which cannot be done instantly.

Yes, the government should provide employment and education, but not only the government, but also the people, must do so. Because the government cannot meet all of the requests from its citizens, we must help and give to one another. There are people who are fortunate right now because they are wealthy, but some of them are not giving back to their communities. If everyone gave and provided something, I believe poverty would be reduced, but not eliminated.
4438  Economy / Economics / Re: COVID advanced the world into the future on: August 12, 2021, 05:18:23 AM
And this pandemic, however horrible, has opened the eyes of millions of people. They have started working remotely, or found new jobs online, they've never thought existed. This pandemic will end, but the world will never be the same.
The world will be more efficient working at home but I think our social values could take a new low.
Human resources are reduced by more than half, the company only retains important positions, only a few areas are still active, I do not find working from home more effective, before such a challenge, we can only do some small work from home with extremely low salary, educational experience is not applicable, this seems to be the weak point of working from home. Society consists of only rays of sunshine, the streets of fairs are empty of people, tedious and without the quality of the future created by covid

I agree that working from home is ineffective for me. It's like a government employee working from home, but imagine how they do their work at home. That is extremely difficult, and transactions are being held up. I am a government employee as well as a freelancer, and speaking on behalf of government employees, it is somewhat ineffective in terms of work, but it is extremely effective in terms of prevention. However, my main concern is that they are being paid for doing nothing at home. As a freelancer, we are very familiar with this, so it is nothing new to us.
4439  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Can We Expect Gambling on Axie Infinity? on: August 12, 2021, 04:27:44 AM
Axie Infinity in its essence is already gambling because you are investing money on it by buying pets and you will depend on their rewards called SLP to regain your investment which is not guaranteed

Wrong mindset. You invested here because there's sure money in return unlike in gambling.

Even SLP will hit a much lower market price compare to where it is currently, the ROI for new investors would just take time. But in the end, there's no way they will not hit their respective ROI.

It's like when you are buying coins. In a bear trend and you are losing the price of it, you just have to hold it for a much longer time.

Agreed, it's called investment because we're talking about return on investment at the end. What is the reason you are purchasing axies? You want to earn SLP so that you can profit in the long run. If it's gambling, you have a 50/50 chance of winning or losing money. It's not like that anymore because there's a guaranteed slp you win per day, and unlike gambling, we'll know whether we'll get our money back or not. Axie is not a gambling; for me, it is an investment, but we each have our own point of view on this.
4440  Economy / Economics / Re: Are you making money online? on: August 11, 2021, 04:31:01 PM
I am making money online. I am a full time freelancer now. It is like working from an office but working it remotely inside your house with wearing nothing but brief only, with dogs and laptop in my bedroom.

You are correct, haha. I'm also a freelancer, specializing in virtual assistant work, which is my primary occupation. You are correct in that you are wearing nothing, but if there is a meeting, you must dress up. I also have a part-time job with our local government, as well as two side hustles as a scholar in Axie and here in Forum. I know it's exhausting, but I have to do it because I have a family to support, and I need to work. Now that I'm sick, I don't think I'll be able to work tomorrow, but I'm doing my best to get to work.
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