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4521  Economy / Gambling discussion / Re: 2021 NBA Season on: February 16, 2021, 06:45:12 PM
Blake Griffin issue could be solved very easily but would hurt Blake a lot. He could be offered a buy out that would be very cheap, he won't be paid his whole salary but maybe just a small portion of it to play for another team, if he accepts that he could accept a veteran minimum from any team he wants, even a team that could win a ring this year, and that could make him a lot more valuable for the future as well.

He got a huge contract in Clippers and honestly he changed into a totally different player, it is great that he became a much better shooter but if you are a very athletic amazing dunker with good offensive and rebounding skills and then suddenly turn into a "decent" shooter instead, obviously you are not going to worth your contract anymore.

Let's hope that he gets what he wants because I do not see any team paying 30+ million dollars a year for him.
4522  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: How to find the best crypto projects to invest in? on: February 16, 2021, 05:32:29 PM
These type of shills are not really good for your project, and never will be neither. The proper way to promote your project on bitcointalk is to open a topic about it from an official account and also sharing that with the world while staying with that official account and answering peoples questions there and even promoting with a signature campaign or bounty campaign type of situation. It is really not that amazing if you do not do anything about it and just pay some guy to post some text here.

This tells me that I should stay away from this project, if I put my money into this, I will definitely lose money, because they look like they are cheap and wanted to get this done with as little money as possible, and that's scary. I would love to make sure that if I invest into something, it needs to be a professional team behind it and not just some cheap one text shared like spam.
4523  Alternate cryptocurrencies / Altcoin Discussion / Re: Which upcoming DeFi projects would you recommend? on: February 16, 2021, 05:05:40 PM
Upcoming is a very difficult thing to decide, it is usually very difficult to decide which ones are going to be good without them ever being in existence, I rather not put my money into them. And most of these coins are "upcoming" in the sense that what people believe would go up in the future but they are all in existence as well so they are not really that shocking to many people.

Anything that is in the existence right now will go up a bit more than the average at the very best, and it will not go up like it has never been here at all. Any coin that is not in existence right now will have a chance to either 10x or maybe become worthless and we will not know that. I like few tokens myself but I can't really advice them to other people because I do not know what they will do.
4524  Economy / Economics / Re: Confirmed NGN banks blocking account, what could be the outcome on the economy? on: February 16, 2021, 04:24:15 PM
If (!) and here is the big IF,  they want to shut down all trading, including p2p done via banks they can do this in a matter of days.
People have the wrong impression that by sending individual payments via banks they can obfuscate what that payment is about, it makes sense the first moment but not so much the second one.

I've traded for a while on LB, I was making like 100+ transactions to different people a month, guess how many I've made since I quit? 1 or two a year!
Banks can simply run a query on their database to see who does 50+ a month to different people (not family, not owning a business, not declaring income) and in a few seconds, they have all the names of individuals that might deal in crypto and as a bonus other suspicious activities.
Check if those accounts interlink themselves, check the sums, check the (whatever IRS version you have for individual revenues)  and here you have them, a matter of a few days of work, and you probably have identified 90% of the traders in the country that use banks and with a click annihilate them.

There is no hiding in a centralized system with an activity that stands out this much!
If they want (Again, big IF) to enforce and totally cripple trading they can, the only thing they can't stop would be face2face transactions, but that's like returning to the stone age, and the risk of getting acquainted with an undercover cop is the cherry on top.
Unfortunately the true fact is that if banks are not allowing anything like this, it is all gone, and you have to accept that it will be dead in a very quick matter. However reality is that there are banks that blocks accounts yet there are banks that not only support it, but also invest into crypto as well.

So, we can't say that every bank has an approach, some banks are looking at it like it is a good thing and some of them are looking at it like it is a bad thing, there is really no official situation just yet.

I personally think that the best way to go would be helping banks realize what they are missing out, all crypto people that uses those banks could get their money out of that bank and move to another bank and as a reason you could write "not friendly towards cryptos" and that bank may realize that they have done a mistake that way because all banks care about money in their accounts.
4525  Economy / Economics / Re: Tesla Bought 1.5 Billion in Bitcoin! on: February 16, 2021, 03:39:32 PM
I don't like these billionaires and millionaires coming into our market either because the microstrategy owner has purchased bulk amount of BTC and whales are never a good thing for Bitcoin and this is exactly what's happening now.
There are two things that are "bad" for crypto world that should scare everyone that big investors are coming in. One of them is the fact that rich people are rich in the fiat world and they are getting into bitcoin as well and becoming rich in bitcoin as well so that makes sure that we are not rich in crypto and we are not rich in fiat, so we are staying poor in everything in the world which causes to not allow wealth gap to ever close if rich people keep getting into crypto. That is the number one risk of rich people going into crypto.

Secondly, if rich people buy thousand upon thousands of bitcoins and hold it, that is not really "that" bad, at least they realize that it is a good thing, however if someone sells tens of thousands of bitcoin that would destroy the price in an hour, these places have that power to destroy the market with one click and that is scary.
4526  Economy / Economics / Re: Elon Musk goes against Vlad of Robinhood full discussion on GME/AMC stonks on: February 16, 2021, 03:15:32 PM
Vlad the ceo of Robinhood did recently do another interview where he was questioned of these pending lawsuits put upon his company for the event which triggered so many to be locked out of trading on gamestop stock.
He wasn't as lively as he was during his with elon on that day, let me say that.
Quite sobering to be honest. It was with bankless so you can view it for yourself.

Elon musk did have a failure to launch (or should I say land) a month ago so he isn't perfect by many who have put him out to be.
As he even trolls himself and his companies many of times in the past.

https://www.youtube.com/watch?v=khUYNDoMpXM


Doesn't anyone else find it kind of funny he pumped up the price of bitcoin with just one tweet of Tesla buying 1.5bln worth of BTC and his other hobby of a job is running a rocket company?
To the moon! Cheesy
I have never found funny or even successful honestly, I am 100% sure if given the same amount of money some other people who were actually interested in this would have been better at it, hell even if you gave it to MIT and told them to build something like this with their graduates and current students, they would have been successful like this at the very least, probably even better.

I also think him impacting the price of bitcoin with one tweet is not awesome but scary, if he decides that he doesn't like bitcoin anymore, what then? Will he write a tweet saying "bitcoin is the worst" or something like that with a meme attach to it and then cause the price of bitcoin to crash? Someone who can pump the price could certainly cause it to be dumped as well, why wouldn't he be capable of it? So at the end of the day, he is not someone I like and want to be in connection with crypto neither.
4527  Economy / Speculation / Re: When BTC Bull run will end? on: February 16, 2021, 01:52:48 PM
There will definitely be an end. No party can last forever. That is according to the economic conception. But during a bull run fever because this land becomes more fertile. Everyone expected it to last as long as possible. As long as we see the connection of bitcoin and crypto with the user community around the world and accumulate the experience of changing the nature of each individual that there is a truly different bitcoin. well, wait patiently for the $ 50k breeze today.
Yeah, but we can hope that the party will stay with us for this year to make more and more profit. Even if the party ends in the next 6 months, we already profit from the coin that we have, so we do not have to worry and can buy back the coin that we want. I am not sure if the party will end this year because bitcoin does not yet make the highest price, and the price is still going up to the highest price. So we can wait and enjoy this moment while we can make more profit.
What I really want is "dropping to higher levels than previous highs". That would be a huge fall and yet still would be still better than before. For example if bitcoin drops to 20k+ prices, such as 25-30k range, that would be a HUGE fall from this current price, but still would be higher than the previous ATH we had in 2017, or maybe ETH dropping but to 1k+ prices, it would be under the previous ATH price but still would be way over the 200 levels it used to be.

So, basically I want the price not to fall at all and continue to increase forever but I know that it can't do that and that is why it will have to fall and if it has to fall at least make it fall to a level where it is higher than it ever was, and that is going to really change a lot of things, it would allow people to make a good profit if they are early investors.
4528  Economy / Speculation / Re: How would you protect your potential profits? on: February 16, 2021, 01:18:50 PM
OP is thinking too much in fiat terms. I you really believe in bitcoin, in its future, in its potential as the best safe-haven store of value in the world, you won't sell you bitcoin to "protect" your earnings from some short-term fluctuations. Just HODL.

I also agree that you can sell small portions as it goes up, as I have done.
I do understand people who think in fiat terms, but I do not get it why anyone would think small in crypto world. This is a place where your wildest dreams could happen and that is why I am in here. I am not even joking, you could start with just few hundred dollars and end up with millions of dollars here, not that it will definitely happen, there is a 99% chance it won't happen like that, but the fact is that it is more possible here than anywhere else in the world.

You are not going to turn 100 bucks into 1 million dollars in stock market, you won't have that in gold, not in oil, not in anything in the fiat world. However in crypto there is a slight chance you could invest into some altcoin that becomes top 10 coin eventually. You could have this few times and suddenly you are richer than your wildest dreams. So even if you think in fiat terms, you should aim super high, amount that would allow you to live your dreams without earning one more cent.
4529  Economy / Gambling / Re: 🚀 Sportsbet.io - Official betting partner of ARSENAL FC 🚀 on: February 13, 2021, 03:34:30 PM
^^Honestly it is expected to lose when you have multiple games in your slip, that is why the win is a lot bigger than the individual ones. Go ahead and try to bet two games separately and try to also gamble with them all on the same slip, you will realize that when you gamble all together you earn more money, that is a lot better. Why? Because at the end of the day there is really nothing that is harder to have few bets all correct at the same time. And to do that, with NBA and also many over/under games? That is even more unlikely to begin with.

Hence, I think people who gamble on multi bets, people who go for multi magic, and all around anyone who puts more than 3 games on their bet deserves every single cent they win, that is really hard, even 3 games that have 1.5 or under odds to show how "guaranteed" the games could be deserve all kinds of money because even those games are hard when there is 3 of them.
4530  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 12, 2021, 08:03:15 PM
Lol! Since when ETH transaction fees are fixed on a percentage? It entirely depends on the network. So there's no guarantee that everyone is paying same fees! You can indeed set a manual fee for your transaction. But if the fee is too low the transaction may not get confirmed.

Also it is not correct to compare a regulated stock market with a decentralized digital currency system. In stock market, brokers act as a middleman and they decide the fees dor each one of us! In ETH, no one other than the network controls the transactions and fees! The miners can't have manual preferences! These are the basics bro!
Yeah that person has no idea how the fee works at all, by that logic some people who want to send 1 billion dollars worth in ETH would have to end up paying 10 million dollars in ETH fee and thats not true at all. Of course how big your transaction is does have to do with fee a bit, not a lot and only a small portion because you are moving a more of it than compared to what would be otherwise, but it is like maybe 3-4 dollar difference at most.

So, let's say you want to move 100 dollars worth of ETH and it is 50 dollars (unfortunately), when you want to move 1 million dollars it is still 55 at most maybe 60 since time changed but that's it, it is not going to be huge difference, same for 100 bucks to 1 million and same for 100 bucks to a billion, it is just doesn't change at all. Stock market and crypto are nothing alike but people who do not know how things work will keep on writing these things to create misinformation.
4531  Economy / Economics / Re: Will New York become a Bitcoin hub on: February 12, 2021, 07:10:35 PM
Andrew Yang (who was a USA presidential candidate as well for a little while) is an interesting person but I can almost guarantee that he will not win the election Coumo has a huge New York backing and he will definitely continue with that. New York is a hard democrat state, just like California, but the difference is New York is a bit more centrist democrat, it will always be democrat and will ever change no doubt about that, I can't see a single chance republicans taking it, but the far progressive ones have hard time there as well (just look AOC).

Long story short Andrew Yang has zero chance. Yet if he did, Bitcoin is not something that can continue to exist in New York as long as bitlicense is a thing, remove that and you have a good chance, otherwise all the other environment and rent type of stuff are unrelated, we are not talking about mining here, just trading crypto, and that doesn't do anything to neither the earth nor to rents.
4532  Economy / Economics / Re: Mastercard Bitcoin Global Adoption? on: February 12, 2021, 06:17:24 PM
Positives include that the world is accepting bitcoin a lot more these days, and that is a good thing, we need people who like bitcoins to get more and more and with places like mastercard, paypal, tesla, grayscale and many others who do the same or will do the same, we are going to see bitcoin get a lot more credible and respected, that is very important.

Back in the day we were seen as drug dealer money and we were seen as "game money", I remember vividly one friend said he owned world of warcraft gold that worths more than bitcoin, so he assumed it was something like that, I agree that you could sell your world of warcraft gold for fiat as well if you want but crypto was nothing similar in its entirety but he didn't get it. Long story short, we are talking about a situation where Bitcoin gets more reputation as a great investment and I am fine with it.
4533  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Hidden gems under the radar potential 10-100x on: February 12, 2021, 05:45:53 PM
Anything on binance smart chain is heavily supported right now, pancakeswap, pokeball, bakeryswap, bdollar, even monsterslayer lately is getting attention even though they are not doing that awesome so far. Basically I think this is going to be something we are not going to lose too much money as long as it keeps pumping up and hyped by binance and as long as they end up getting more TVL, but this is a risk that we take, they are not huge gigantic places, they are just small timers that we invest into.

It means if you invest into something like pokeball, you end up owning a lot of it, even having 1k of pokeball means you now have sole control of all of 0.1% it, and if it crashes you crash a lot, if it goes up that means you go up as well. I personally think it is not going to be that simple to keep making money this way, maybe few more months at best but it will be harder and harder in the future.
4534  Alternate cryptocurrencies / Speculation (Altcoins) / Re: A Big Secret of BNB coin! You Must Read This Or You Would Regret Later on: February 12, 2021, 05:10:08 PM
Well, I do agree that this would be a correct estimate if BNB was a stock of binance, but it is not, Binance makes money and it keeps the money, people who own BNB do not get share of the profits like how people in stock world do. In stock world there are things called dividends which mean you would make profit from holding certain stocks, and even the ones that do not give dividends do have to show their profits so the price goes up. However when you are in the crypto world and you can't make any money at all from companies profits, they are not relevant.

But what is relevant is that since binance made a lot of money, that means binance has a lot of customers, and since binance has a lot of customers those customers spend money and since those customers spend money that spent money goes to paying bnb transactions which they have to pay for. That could be the reason.
4535  Economy / Speculation / Re: Apple is buying Bitcoin on: February 12, 2021, 04:14:17 PM
Well, it's not been confirmed yet but if they decided to follow the move of Tesla then that would really make crypto hype again. As a matter of fact, this will definitely set a new ATH and reach a $100k market this year once other big companies come along but for now, it's just a rumor. However, I am having a hunch now that a big company like Tesla is now venturing into crypto later on those big companies will follow that is why as much as possible fill your bags if you don't want to miss the opportunity.
If they decided to follow Tesla, Apple could make a lot bigger news than Tesla ever did. Not because Tesla is small or something, Tesla is big too, they are huge, but this is basically the biggest company in the world and they always have extra cash laying around.

Tesla is still growing believe it or not, I know that doesn't make sense to some people but Tesla is still building manufacturing places all over the world, and will be much bigger and will manufacture and sell a lot more cars, you can pay for a brand new tesla car today and get it as late as a year later in some situations, that will reach to order a brand new one and get it right away situation in the future which means tesla is still growing.

Apple already became that big, you can go to any apple store and get a brand new one, of course building a phone is simpler then a car (and apple will build a car too) but apple do not have too much costs but have insane amount of profit so they always have extra cash they do not put it back into the business.
4536  Economy / Speculation / Re: HOW LONG WILL THIS BULL RUN LAST ? on: February 12, 2021, 02:39:34 PM
No surprises that everyone wants it to go on forever and there are many who think it will not last too long but even those who think it will not last forever think that there is a chance it could go down but they want it to go up as well, the fact that some people think it may go down and still want it to go up is real, not everyone who thinks it will go down wants it to go down, they want it to go up but afraid that there is a chance it may not.

So, as long as majority of people act as if there is no chance it will go down, and wants it to go up, it will always stay this way and will continue to go up as well, I believe the run is not over yet at all. Let's see 50k+ first, we are very close and it is an amazing psychological level, if we could break that and I think we will, we are going to keep going for a little while longer for sure.
4537  Economy / Speculation / Re: When Bitcoin is going cross $40k again? on: February 11, 2021, 06:42:59 PM
It could be anytime since Bitcoin has been dropping its price since its new Ath this week. Who knows, maybe by next week it could be $40k again not unless some big investors are buying Bitcoin again with a huge lump sum of Bitcoin worth.
Well, there is always a reason to talk about the 40k mark as well for two reasons and they are quite good and important reasons as well. First of all we talked about will it go above 40k and now that we are above 40k we could talk about HOW it became over 40k again, that is a very important part of the discussion in crypto world, if you know how it went up then it means you could check for the same signs in the future to predict if it could go up again as well, think of it like a learning experience that could make you better at trading.

Secondly we could always go back down under 40k as well, this means the question of "will we be over 40k again?" will be valid again, if you do not want to talk about it right now since we are already 40k that is fine, but it should not be locked because it will be a valid question again in the future if it drops under 40k.
4538  Economy / Trading Discussion / Re: Investing and Trading Strategies. on: February 11, 2021, 06:01:48 PM
Isn't this depend on what I am going through in my regular life? If I invest 500 dollars and want to make it into 5000 dollars, I will keep that earning and everything else, and even put in more money if I can until I reach that 5k and get out after that when I reach my goal.

However if I am risking too much, and I need that 500 dollars and can't afford to lose it, then I will probably just get it out and keep that 500 dollar in and at that point since I can lose all and would still have zero debt and loss (pure profit loss) I would probably go into more risky and dangerous defi's in order to make it back. I am sorry of doing that right now, I have this 400 dollar investment that I want to take out, but I am waiting until first of march to get out, after that I am going to take out my 400 and continue with the money I have left in the system.
4539  Economy / Trading Discussion / Re: How to tell when a trading bot is a scam on: February 11, 2021, 04:54:40 PM
All trading bots are a "scam" in the end by a small to a big portion. Some of them are scams in a small portion, they tell you that it will make you money without you working, and that is a scam, not the way that steals your money, they just trick you thinking it would work like that, but the reality is that you work to configure it a lot and you end up with making a lot more stuff to make it work, and you keep an eye on it, and basically work and not just put it in and let it be, so yes they do not steal your money and yes there is a chance you could make money from it but it is not without work so it is a tiny scam and not a big one.

Some of them are way larger, they just tell you that it will work and it is great and they take your money and give a copy paste fake software of something that already exists and run away with your money and that is the big version and anything in between happens too.
4540  Economy / Economics / Re: Ruffer scores $750 Million profit from Bitcoin on: February 11, 2021, 04:30:28 PM
I am not entirely sure if selling all this crypto would benefit them in the long run, but if that is what they decided then it is their loss. Crypto is not something that would go down in the long term, I never believed it would go down in the long term, that is why I am always optimistic even when it falls because crypto is something we will definitely profit a lot in the long run.

However one thing is a bit confusing for me, which is why would these companies buy and sell if it is going to profit in the future? If they plan on selling at the "top" and getting back in later, that is trading and trading with hundreds of millions of dollars, nearly a billion dollars, is not really smart and should probably stay away as much as they can. In any case, in 10 years if they didn't buy back their sold portion, they are going to regret selling their bitcoins.
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