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5441  Economy / Gambling discussion / Re: Gamblers needs to control their emotion! on: June 13, 2019, 04:15:32 PM
Australian died after his 13 hours gambling with nothing in his hands last.
13 hours gambling must be too much for anyone and I guess this is the reason where things went wrong and eventually claimed a life of a gambler. Frustrations and disaapointments are regular happening in everyday gambling and when we are not capable of handling them, it would be much better to stay away rather than keep trying to "take revenge".

Really sad, please do not get upset in gambling investment. Simple, take it as easy game not worthy than your life...
Gambling is just a way to lose hence it would never be an investment. Before getting familiar with gambling, it would be much better to know what are the possibilities, a gambler might face with gambling then it would be easier to accept all kind of results.
5442  Economy / Gambling discussion / Re: CWC2019 Prediction Pool - Win x BTC [Additional prize in every round] on: June 13, 2019, 12:50:43 PM
Not sure about who are all going to get benefited due to abandoned matches. It seems that all ten teams may experience at least one abandoned match considering against the weather forecast for England and Wales for next few days.

Even at the end of round robin, if weather conditions will not be bringing any considerable impact, at least for gamblers it might have impacted in huge levels as I am a gambler and I could predict about test playing nation's results and their players scoring and wicket striking capabilities, but unfortunately I am forced to stay away as matches are called off without single ball bowled.

ICC must focus on reserve day policies for league stage matches too for gambler's stake Cool.
5443  Economy / Gambling discussion / Re: HAVE YOU EVER MET ANY SUCCESSFUL GAMBLER on: June 13, 2019, 11:30:24 AM
Is this implying there are people out there that take gambling so serious that it's considered as a career?

What happened to gambling for fun...?

Have I met a successful gambler,no I haven't but I have read stories of people winning big and on some threads here people have won lots of bitcoin from micro bets, guess this counts.
There is absolutely nothing wrong if gambling was played as a career and gamblers playing with all diligence. Gambling has been around and has been a means of people making money for centuries in different forms.

For instance, some people lost their properties to just a mere friendly game of poker in those days, so you can see that gambling for money didn’t start now. Its just that gambling is now more common on the internet but Its always prevalent and has grown.
The revenue made by gambling industries keeps growing yearly and it would be foolish for us as gamblers to continue playing for fun while the casino sites keep making more money.
5444  Economy / Gambling discussion / Re: Is blockchain gambling business beneficial? on: June 13, 2019, 11:02:33 AM
Crypto gambling business is one of the most profitable platforms in crypto world for both gambling site and players. It also brings a positive impact in the demand of cryptocurrency in the market. It's beneficial in blockchain technology in so many ways but we can't deny that there are also lapses at times.
So many advantages and lapses indeed. What do we expect online gambling is inherently unfair, the only reason casino earn  money now is when players lose more than they can win and gamblers like us cannot never trust them because we know they are the black box taking all our money, casino sites have that switch they use in turning odds in their favor, I know many do not believe this but it is the truth, many people like me have lost our trust in online gambling.

But blockchain has been able to buy back our trust not because it has made gambling a wonderland where there is guarantee to win always but because of how it helps store records of all games and bets, the amounts we won and the result, we now easily access transactions to be sure it was not manipulated and there should be a percentage going to blockchain for all these.
5445  Economy / Gambling discussion / Re: Let me introduce "Ending Game" on: June 13, 2019, 10:44:49 AM
It would be totally random and wouldn't have any favorite odds which means it would usually be between people and the house wouldn't risk anything but that is only viable if the bets are almost wagered the same.

So, for example if there is one dollar bet on each than the house is in luck but if the winner bet gets more wagered whereas the others are not than how do you calculate the win? Do you take all other bets and give to winners according to their bet size taking your own house edge out of it? If that is the case the odds may not be as good as 1 to 70 or so and could be a lot smaller.
5446  Economy / Gambling discussion / Re: Who are the strong candidates who will get this year's Ballon D'or trophy? on: June 13, 2019, 10:08:48 AM
Even though people are still looking beyond Ronaldo and Messi because they got eliminated and trying to find people who were in the finals of champions league I think we can still assume they had a very worthy season.

Ronaldo went to Juventus at his age (lets face it, he is aging) and still made that team a Serie A champions and went as far as what quarter finals? That is still a decent achievement considering there were few people on his team that could have done that and it was mostly Ronaldos achievement himself.
5447  Economy / Gambling discussion / Re: Looking for fair & trusted site? on: June 13, 2019, 09:02:56 AM
--snip

That gambling site operated for a long time and all of the site has a reputation among the gamblers. Each site has a large number of players which always come to the site everyday. So if the OP still confuses to choose which site, then he should try one by one on that lists, and he will know how it feels. But don't use big money to start, if each gambling site can give free coins t, hen it is better to use the faucet to try before he decides to send any coins.
Depend on free spin to make money from gambling is never going to be possible, its temporary and would not last for long. Players can actually play with big money but just make sure its an amount they can afford . Whether you accept it or not there are people making a living with gambling , and I know someone who has become extremely wealthy playing on one of the above site, although he was really diligent.

I advise that anyone who has interest in playing on these sites and especially wanting to land a career would have to learn to get very familiar with games online, since it is not something so easy.
5448  Economy / Trading Discussion / Re: If Tether dies, will Bitfinex go with it? and what about our $s? on: June 13, 2019, 07:35:25 AM
In my opinion, we need to focus on the tether outside of bitfinex as well. Look at exchanges that use tether they are everywhere and if tether goes then more places than just bitfinex will have problems. Binance uses tether as well (with other stablecoins too) which means there could be millions of dollars in binance that will just vanish as soon as tether goes bankrupt. That is why I think tether is a bigger problem to the crypto world in general then just a problem of bitfinex.

What would happen if 2 billion dollars of stablecoin suddenly goes out of market and everyone who held any tether will be screwed over including traders, holders AND exchanges which will make them basically go "hacked" or whatever and leave not paying anyone their money. I don't know what will happen exactly but the results will be catastrophical.
5449  Economy / Trading Discussion / Re: Bitcoin Bulls Near Exhaustion, Investors Should Be Wary on: June 13, 2019, 06:50:26 AM
It is a difficult thing to ask from buyers to keep buying just to go up however it is also quite possible that maybe instead sellers will start to sell less?

Nobody considers that as an option but that is a way bitcoin could go up as well. I know the norm is people buying and that is why sellers are either actually selling or removing their orders but maybe this time buyers will not be buying that much but sellers will realize that there is a chance they could profit a lot from it and stop selling at the resistance levels and traders will take advantage of that?

You do not need to buy all orders until 20 thousand dollars to make bitcoin worth 20 thousand dollars, you just need ot make sure nobody sells under 20 thousand dollars and you have bitcoin at 20k without buying a single satoshi.
5450  Economy / Trading Discussion / Re: When 💩 hits the fan... on: June 12, 2019, 04:25:15 PM
I will always do this and it is an incredible advice to any new traders out there. When there is big movements going on try to stop trading if you can, it doesn't matter if its going up or down. If it is going down then selling and taking a hit could result with two things, either the price will continue going down and you will be saved from a big loss which is good but it could result with price stopping and going back up with you losing money, plus when you sell it triggers more sells too.

When its going up you may buy and the movement could stop and you may end up losing money or it could continue to go up and keep making a profit but you don't know which one will happen neither however you selling (and many people like you) could stop it going up too. Basically, when small movements happen you can trade but the big movements should be done only if you have to.
5451  Economy / Speculation / Re: When money is inflated, where does it go? on: June 12, 2019, 04:00:10 PM
The idea of trickle down economics is giving the money to rich people and let them spend money on stuff and then the public will be profiting from it. That has never worked in history because the rich spend money on rich things whereas poor only sell poor things. The rich get yacths and there is no poor yatch sellers, they buy stocks and poor barely can survive living a month without need of extra money let alone save enough to buy stocks, rich buy luxurious cars and other rich people are selling it.

Basically, what rich spend their newly found money is helping other rich people get richer whereas none of it goes to bakery that baked the bread since it is same price to rich and poor. That is why when inflation happens because of printing money there is no way the poor will get help from it.
5452  Economy / Speculation / Re: after only a few days the bitcoin has gone up, but now it's starting to fall aga on: June 12, 2019, 03:33:02 PM
I think falling again is healthy in finances because when something goes up forever without ever dropping it is becoming a bubble that is waiting to be burst. Remember when bitcoin became 20 thousand dollars without any stops and suddenly started to drop and became 3 thousand dollars?

Well, if we do not have a fall in between of our highs then we will be going down again that fastly once again. That is the reason these falls are healthy and we should be happy about them since without them the price of bitcoin will only go up until it bursts and creates a trouble. I also would like to see the price stay around here for a while as well because just going up and down is not the only option, staying on the same price is also helpful in some situations for people to gather some more money back and reattack the resistance levels to go higher.
5453  Economy / Speculation / Re: An anonymous Bitcoin price prediction on: June 12, 2019, 07:41:14 AM
If we can go as high as 16 thousand dollars we would probably go even higher but that can't really happen that quickly. I know there is a halving coming up next year but that should not affect this year that much. It will of course affect and even these increases are probably because of it but to think that it should be affecting it THAT much is not really possible.

I think we will probably stay around these numbers for a while going up and down and in the end after couple months the trends will be stuck and we will need to move and go above 10k for a while and with hype go to 12k and stay there for another few months, that is honestly my best case opinion, it will probably not even be that much if the sell pressure continues but that is the best case for me.
5454  Economy / Economics / Re: Crypto to trigger a global bank run? on: June 12, 2019, 07:21:33 AM
We need take it step by step we can't rush it towards no banks world right away. It may take decades before we can go without banks but at least for the first time in history since banks were created we have that option now. It has been decades since humanity turned into full on banking system and we never really had an alternative option but thanks to bitcoin we have that.

Just because, we have an alternative option doesn't mean we will use that right away and stop with the banks and we will be
using banks for a long time but if we can manage to make crypto more adopted and can be used anywhere in the world then there will be people who opt for that (Myself included) but in order turn the world a no bank zone we need to wait A LOT more years.
5455  Economy / Economics / Re: The Satoshi Value Economy on: June 12, 2019, 06:53:32 AM
This is not really the case for many currencies that are undervalued neither. I may not really understand the situation very well so I am sorry if I understood it wrong but for example you can stay at a hotel in Venezuela for 7 dollars (5 star best hotel btw) as well but in their currency it takes thousands of their currency.

Which means there are currencies with inflation that are like 20 thousand of fiat of that country equals to 1 bitcoin but when it comes to purchasing power the dollar and bitcoin worths a lot and can be used to purchase a lot of stuff whereas you would need thousands of Zimbabwe currency to do the same.

Smaller denomination doesn't always means its better or worse, bigger could mean bad things too sometimes. Like euro for example has better denomination than dollar and stronger whereas Iranian is lower too but means bad things.
5456  Economy / Economics / Re: The Continuous Printing of Money on: June 12, 2019, 06:16:48 AM
The mathematics of constantly printing money is because the government usually has debts to pay and they fail to do so and there is literally no other way to pay the debt but print money. What you think as printing money is not depending on the amount or economics or that country but it is about the power of that country.

Just to give an example USA printed about 800 billion dollars just 10 years ago, literally 800 billion dollars which is more than most countries GDP but nothing major happened to them, hell most of the companies recovered thanks to it and now they are back to square one, the past decade helped them get better (nowadays they are getting worse because of trump but that is irrelevant).

So, you can print money as much as you want, you can print money at the height of 800 billion dollars and nothing would happen. Its not about printing money and nothing would come bad out of it if you are powerful enough, its about how weak your country is, when Venezuela does it then they get much worse but when USA does it everything is fine.
5457  Economy / Speculation / Re: timing the market on: June 11, 2019, 04:46:55 PM
Look you can't time the biggest moves, there are sometimes huge moves and those are always unforeseen and can't be calculated or timed perfectly. But, if you want to time the market on regular days there is only one thing you need to do. Check the resistance points and support points.

Support points are places where there are buy orders all collectively looking high and in order to break that and go even further down there needs to be a lot of sales, resistance is just the opposite there are people selling coins at some price and in order to go above that you need to buy more than they sell. If you learn where those levels are then you can follow that path and buy during support line and sell during resistance to make the most profits.
5458  Economy / Speculation / Re: Bitcoin about to go really high on: June 11, 2019, 04:00:08 PM
Why are we not calculating the already increased amount? I mean it was at bottom 3.2k and now its 8k which means if you calculate from 8k then it will be 160k but if you calculate it from 3.2k then it will be 64k (I hope Cheesy my math sucks) that is why you can't calculate it like that, we don't know it will do 20x at all neither maybe it won't do another 20x but will only do 10x which is still a lot in finance anyway.

So, calculating from 3.2k and calculating it as 10x that will come to 32k and that would be all time high but nowhere near 160k level at all. This is bitcoin, people who have been around for a long time (way before 2017 peak) will tell you that btc can be 1k tomorrow or 10k and none of it would be weird.
5459  Economy / Speculation / Re: Correction coming in the coming weeks? on: June 11, 2019, 03:33:23 PM
I think corrections of these times will not be as big as it used to be. I mean there will be some corrections for small numbers but the reality is that the times when corrections were like 25% will not happen anymore. So far the question, will there be a correction? Sure, there will be but I think it will be small and than go back up that number very easily.

Now we are seeing the support lines and we are testing them because we are going up super fast so we want to know if the buyers have our backs and we sometimes sell and drop to support line to see where it is and how hard it can defend and after we see its solid we go back up. So, check the support lines and put buy orders one dollar above it so you can buy from the best possible place and put your sell order one dollar fewer than resistance line to sell at the best place.
5460  Economy / Trading Discussion / Re: Is margin trading worth checking out? on: June 11, 2019, 01:45:18 PM
It is definitely dangerous but when people get bored it definitely takes out the best of them and when you are at the bottom of a pit with no way out any rope thrown your way is a bliss. I do not trade with margin anymore since I have better things to do but at one point I really did picked it up because I felt like both trading regular or casinos or PC games wouldn't help me become less bored and I had to find something new and wanted to have fun, so I put 100 bucks in and tried it, I said to myself this was closer to gambling than actual trading and I am willing to lose this 100 bucks but all I wanted was to make it as long as possible without losing it, I think I went with that same 100 bucks for 2 months, early days being more involved and later it got boring again and then one day when I was super bored I just went all in on very high leverage and lost it all.
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