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5441  Economy / Economics / Re: Crypto Passive Income - My Experience on: June 02, 2021, 01:09:16 AM
I think that in the very near future, there will be an institutional influx of funds into these blockchain-based savings products and/or staking platforms.

They simply provide so much more in terms of interest paid on your funds compared to traditional banking alternatives.

However, given the fact that these are all not FDIC insured and with the exception of Crypto.com not audited by a large accounting firm, the risks are quite high. I wouldn't recommend putting away more than half of your assets into these platforms given the risks associated with them. The returns would still not be high enough to justify that imo.

In terms of cloud mining, that's just a no-go altogether. Not worth your time.
This is the future of banking system. Who would keep putting money in a traditional bank saving account to earn negative interest in fiat (when compared to the real inflation) if they can earn at least 4% annualy over their bitcoins in sites like Celsius, Nexo, Crypto dot com and even Freebitcoin and more than 10% yearly interest over stablecoins.
Banks still have investors because most people aren't crypto adopters and think it's profitable to have a saving account. Once people get educated on this matter traditional banks will have to change their standards, raising customers' interest and decreasing their own profit. Even doing this they will be lucky if they will be able to survive with so many innovative competitors on the industry working wordlwide.
5442  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your favorite NFT? on: June 01, 2021, 11:01:47 PM
My favorite NFTs are the axies from Axies Infinity and items I collected from Lost Relics. With axies it's possible to gather smooth love potions which is another NFT, and these potions can be sold for crypto currency to people who want to breed axies and play the game. Lost Relics' items are also useful inside the game for different purposes and all of them are needed to create inside game items of different skills, so I think these NFTs are much more worthful than NFTs which are being sold around for exorbitant prices, but with no practical use. Actually these NFTs I mentioned are the future of gaming industry which has probably billions of enthusiasts.

Cryptokitties I'm not familiar and I don't know if it would worth joining it on the currently advanced stage it already is, but the concept looks like Axies Infinity anyway.
5443  Economy / Economics / Re: Are you making money online? on: June 01, 2021, 09:31:46 PM
I'm constantly trying to find new online jobs and tasks as well, but it's really hard with so many people doing the same thing. It looks like the spots are limited, but the number of people applying for them isn't. That is the result of overpopulation. I've been watching youtube videos, but most of them just want views, so they promote scams and unfortunatelly the legit methods promoted by them are limited or pay too little when you check by yourself for real. I've been looking into micro jobs and surveys, and besides the rewards being too low, they also cheat on you to not pay accordingly after all.

Something I learned is that a good way to make online money won't be promoted openly to everyone, because if many people know about it, the method won't work anymore. The demand and supply rule applies. So you need to hope to find someone special on the internet who will guide you through a decent unknown method to the majority. Sometimes suddenly, when we least expected it happens.
5444  Bitcoin / Bitcoin Discussion / Re: This dip is PROOF that "I wish I would've bought Bitcoin at X price" is nonsense on: June 01, 2021, 06:54:13 PM
In other words: people who missed the opportunity of buying cheap bitcoins and complain about it would be the first ones to waste the opportunity taken if they had been holding bitcoins on their hands during a correction by panic selling all their coins.

Somehow you are right and there is a big chance potential investors would panic sell in this situation for different reasons. But we must also be aware that who really moves the market are the big investors, the whales. And these people don't panic sell because they are unexperienced or can't afford losing some money value on short run. They sell their coins because they profit from market speculation.
The fools smaller unexperienced investors who follow them don't make too much difference in bitcoin's fluctuations.

I think that it's incorrect to make a simple rule off this. I disagree with what OP said because I'm such an example.
There was one case, long ago, when I was very close to buy more Bitcoin very cheap. I didn't because the machine had tremendous fees. Then Bitcoin rose a little and I said I wait, then... poof, too late.

But (much) later on I started putting aside some of coins I've earned (I also sold some, I had/have to..) all in all, I do hold some. And I still think that I could have had much more if I would have bought, back then, at that incredible price.

On the other hand, I expect that most of those telling "I wish I would've bought Bitcoin at X price" never actually buy. So they don't also have anything to sell.

So, as I said, it's incorrect to make a simple rule. There's more than one category of people telling "I wish I would've bought Bitcoin at X price".
I understand you. I also had a similar experience in the past. I would like to have bought bitcoins years ago as I had some money stored, but I wasn't the one who managed my funds yet because I was too young and people around me didn't believe bitcoin's potential and forbade me from using the money for this purpose. But within time I started acquiring satoshis and saving most coins as possible (not all the coins, because like you I had and have to sell some from times to times).

So not all cases are the same and people behave in different ways, you are right. But I believe there is a common behavior among most people which happens more often, what I would call a rule, while what happened to you and me would be the exception to this rule. I say that because most people present *herd behavior*. They act accordingly to how the majority is acting. As most people don't buy bitcoins, they also don't buy, although they wished they have bought when they see bitcoin skyrocketing. And probably if they had bought they would panic sell anyway, because that is what the *herd behavior* presents during the corrections/bearish markets.
5445  Bitcoin / Bitcoin Discussion / Re: This dip is PROOF that "I wish I would've bought Bitcoin at X price" is nonsense on: June 01, 2021, 06:02:44 PM
NO you would NOT be rich, you'd be Poorer!

How many times have you heard it?

I wish I had bought Bitcoin when it was $1, $100, $1000, etc!

I would be RICH today! If I had bought in 2019, I'd have a MILLION DOLLARS TODAY!!!

Imagine believing ONE man can literally bring down Bitcoin, imagine believing for the 1,078th time that THIS is the true DEATH of Bitcoin!

I'm still new to Bitcoin....I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!

I never want to hear people say "I wish I would've bought Bitcoin at X Price".....because these are the people that would INSTANTLY SELL the second Bitcoin had a 30% or higher correction!
In other words: people who missed the opportunity of buying cheap bitcoins and complain about it would be the first ones to waste the opportunity taken if they had been holding bitcoins on their hands during a correction by panic selling all their coins.

Somehow you are right and there is a big chance potential investors would panic sell in this situation for different reasons. But we must also be aware that who really moves the market are the big investors, the whales. And these people don't panic sell because they are unexperienced or can't afford losing some money value on short run. They sell their coins because they profit from market speculation.
The fools smaller unexperienced investors who follow them don't make too much difference in bitcoin's fluctuations.
5446  Economy / Economics / Re: Understanding a bear market. on: May 31, 2021, 11:48:02 PM
In this season we are now, is to be strong with the condition of bitcoin price because BTC is unpredictable. Many successful  investors never stop understanding a bear market which has helped many to achieve reasonable profit from their Investment. It is better to understand that nothing last forever in exchange market either good or bad.
I don't think there's anything wrong with the market. the ups and downs of the market become very natural. our job is to read the future of the market, analyze the market for a profit. in analyzing this we need experience to deal with erratic market movements. certainly no one person can win all bets on horse racing
Nobody says that there is something wrong with it, market will go up or down and that's expected. What we are not aware or maybe not in is the fact that is this a bear run? I mean nobody knows if we are in a bear run or not because we stopped going down and even went up a good amount, so it is not really a guaranteed situation for us. Can we say it is a bear market because it went from 64k to 40k? Of course we can call it a bear market. Can we say that it is not a bear market because it went from 30k to 40k? Of course we can.

So, the question is we are looking at it from both sides and we can say that it is doing very well for the both sides and that's fine, this is why I think it is not going to be easy to decide before it happens. If the price starts going down a lot from here then we can call it a bear run, but if the price starts going up then we will say it wasn't a bear run.

Actually, everyone does have different thoughts regarding bear markets, therefore there are always two different opinions in the current situation.
I myself prefer to say that now we have not entered a bear market, because I believe the price above $ 30k is still safe and is still said to be
a correction. Now slowly Bitcoin is starting to approach $40k price, if it manages to go above $ 40k, it means Bitcoin is back on the right track.
But if the price continues to drop below $ 30k, I believe a bear market will occur.

For me the market looks pretty bearish already, because besides the correction there is a serious and visible difficult in overcoming the 30,000$ price range. A bearish market doesn't mean prices are crashing only, but it's also an evidence of a stagnated market where the currencies don't have strength to pump, so they keep stable most of the time.
A bear market also brings a very treacherous season, as we never know when it will finish and for how long it will last. It can be weeks, months or years. The point is that when it finishes it happens suddenly. And if the investor isn't prepared holding his coins, he may lose another profit opportunity.
5447  Economy / Gambling discussion / Re: Welcome bonuses on: May 31, 2021, 06:42:13 PM
To read terms and conditions is too much time consuming, so frankly speaking I really try to avoid it if I can. However, if I'm going for any kind of promotion or bonus offered by the casino I must read it carefully, especially because it's well known there are many hidden details in most of the cases which will make it more difficult (or even impossible, depending) to collect the reward later.
I suggest anyone to do the same and if you don't have time or are too impatient for that, just don't go for any promotions. There are many cases of gamblers who complain later about the conditions imposed by the casinos over the special offers, but since gamblers clicked at *I agree* button, nothing can be done to revert the situation in their favour.
5448  Economy / Gambling discussion / Re: Online Gaming Scams during Pandemic. How to Stay Safe. on: May 31, 2021, 05:10:56 PM
The email scam attempt is very common nowadays and the tactics used by the thieves become smarter each new day. Something I usually experience are emails asking to confirm or just access my account otherwise it's going to be blocked or deleted from the system. So they provide a link where I should click to follow the procedure, but that is actually the bait.
Thankfully these emails usually arrive in the junk folder, and the sender email address commonly has nothing to do with the specific site they make reference. With some attention it's possible to fully avoid this scam. The problem is that some people become nervous because they have funds on these platforms and fear to lose this money due to the ban the email claims it's going to happen. So they act fast and click the bait.
5449  Alternate cryptocurrencies / Altcoin Discussion / Re: Red crypto market today on: May 31, 2021, 02:30:11 AM
The market lost the optimism and investors are fearful to put more money in bitcoin right now. Maybe they are fearful of whales speculators dumping the market, so they want to see how deep bitcoin can reach until they can start investing safely again, from the bottom. If investors keep buying bitcoin at this moment, the price may go down a lot yet, into the 20,000$ range, so these buyers would stay in loss.
When people avoid risks too much a bearish season starts and that is what we are seeing right now. I just hope it doesn't take too long until we see a bull run again.
5450  Economy / Gambling discussion / Re: Online gambling becomes popular on: May 31, 2021, 12:58:38 AM
The covid boosted all the online services like google, youtube, gambling, eCommerce, etc. So this thing is not too much surprising even now the people are stick with the new normal because it is more convenient to them that is why we also see more players started to gamble online due to convenience and also they are afraid of getting infected if they roam around and visit physical casinos.
We cant deny how gambling became too popular with many especially this pandemic. Those who are not really into gambling tends to join whenever they got curious on post on social media that someone wins a huge money. In my country there is a popular cockfighting gambling now that spread way too fast and became the new hit of gambling because of social media hype.
That is because they do not have outdoor activity and spend their time at home. So they are trying to search for other activity that can help them to kill their time. But the problem is they use gambling to spend their time instead of searching for other things that do not make them spend or lose their money. Maybe the gambling business will grow fast from this year and while the pandemic still not end, the business will continue and give the money to the casino.
That is something I didn't understand at first. If we are living pandemic times which mainly affect the economy negatively, with so many jobs spots decreasing, how do people still have money to gamble?
But then I saw somewhere it's due to people who didn't lose their jobs and can't use their money to travel or to do any other kind of activity they were used to in normal times. So they increase their gambling's budget and end using a lot of money to gamble, as they can't use it like before.
5451  Economy / Gambling discussion / Re: Making a living out of gambling. on: May 30, 2021, 07:25:37 PM
You can't make a living out of anything that does not provide financial assurance. It's already a hard task during COVID, I do believe people should not be misleaded. Gambling is a fun activity. People enjoy it but they are only able to enjoy it because they are already earning from other sources.

You can never win continually without cheating ! This is something out of the books. Let's be clear things like this does not happen. You can become rich, maybe you are lucky once and you did earn a lot. Do not take it as your job, there is really fine line between addiction and keeping it as your only.job.

Take it as a leisure activity.
Have fun.
Most cases of lucky gamblers who managed to win big on short run I have seen don't rely continuously on gambling to make a living out of it. They just take the profit made through gambling and start investing in different ways to earn passive income from their initial amount and keep growing it along the time. Gambling doesn't proportionate them a living, but a massive financial boost that isn't disponible for most people.
Another successful gamblers end becoming a kind of celebrities and also earn money through their popularity, especially working as the face of gambling industry.
5452  Economy / Speculation / Re: Slap yourself if you didn't buy during crash, and slap harder if you... on: May 30, 2021, 06:24:32 PM
Do you think he will let bitcoin goes down during crash? While he have bought bitcoin on $33,000, do you think he doesn't want any profit from his investment? Do you think Elon is stupid for let market crash and make his investment down a lot?

If he deeply cared about his Bitcoin investment, he wouldn't spread FUD about it in the first place. There's a rumor that big Tesla shareholders became worried about his Bitcoin purchase and how it would reflect on them and Tesla as Bitcoin is being branded as "ecological disaster". So he was forced to denounce it, and he doesn't care about Bitcoin and his 1.5 billion deeply enough to oppose those shareholders. He's afraid of them dumping Tesla stock much more than losing on his Bitcoin bet.
Probably he prefers to stay in loss with his btc investment on short run to avoid putting Tesla into polemics with the powerful eco-terrorists, what consequently would create more problems and losses for him and his business. But I think he also cares for his bitcoin investment, because he didn't give up on bitcoin at all. The way he made the announcement gives the impression it's just temporary.
Anytime from now on he can come to his twitter and say something positive about bitcoin again, like it's not harmful to the environment anymore or that miners are fastly shifting to renowable sources of energy. The point is, does it worth for crypto community to become hostage of a man's tweets which portrait more volatile opinions than the crypto market's volatility itself?
5453  Bitcoin / Bitcoin Discussion / Re: Stop the FUD! Enough is enough! on: May 30, 2021, 05:56:44 PM
Speculators are cashing out their profits and dropping a lot of bitcoins on the market. It's a good opportunity for new buyers to start their bitcoin investments. I just hope people don't take too long to realize this, otherwise the same speculators who sell bitcoins right now are the ones who are going purchase the coins again soon, when btc reaches the bottom, while those who miss the chance will regret again, as usual.
5454  Bitcoin / Bitcoin Discussion / Re: How does Bitcoin help stop the funding of wars? on: May 30, 2021, 04:46:18 PM
If one entity needs to get currency to another entity they will be able to do so. The way that I am seeing it, it doesn't matter where the money comes from as long as they are getting the money in the first place. In fact, wouldn't Bitcoin make this type of funding more difficult to detect?
No, it's quite the opposite because bitcoin is traceable (different from paper money) and it would be easier to detect from where the money is coming and who is receiving it, since there is good will from inteligence forces to do so. That is the main concern, as we actually don't know who sponsor wars and there might be big fishes who belong to governments among them. And governments have a lot of influence over inteligence forces of their countries. If they don't want an investigation happens, it's really not going to happen, even though they have all the instruments to do that.
5455  Economy / Gambling discussion / Re: What's the motive behind the anti gambling campaign on: May 30, 2021, 03:25:04 AM
I disagree there are many studies that show that from the whole population of gamblers only 4% to 5% can be described as having problems with the activity, the rest are responsible gamblers,

But didn't you know that there are small gamblers who actually feel depressed and stressed because of their continuous losses even for a small stake? For sure they are not part of that 4% to 5% you are saying that I don't know too where you got it.

Their stats can't be determined by any source because, in the first place, these people aren't showing to the public or maybe hiding that experience from anyone.

In reality, there is no source or reports that can validate how much gamblers are really having a problem. That's why a public drive of the anti-gambling campaign is the solution to reach any gambler audience as much as possible.
But if you don't know from where he got those statistics how can you say the small problem gamblers aren't included on the 4%-5%?

It's actually possible to find such statistics and many different reports on google if you search for it. People who conduct these studies have their methods to reach estimated results even if gamblers hide their personal experiences from everyone else.

The problem is that those anti-gambling campaigns are using the example of problem gamblers, which are the minority, to lure the public opinion to believe it's a common behavior among gamblers, what isn't the true. They can't misrepresent the facts with the excuse they are helping people to avoid a possible addiction.
5456  Economy / Economics / Re: Crypto vs Fiat on: May 29, 2021, 09:55:12 PM
At least dollar currency is still dollar currency since its beginning, now look how many countries around had/have their currencies names changed and their values reseted from times to times due to inflation which is much more violent than in USA. Compared to these situations, dealing with dollar and euro keeps being a privilege nowadays.
Thankfully we finally have stablecoins and bitcoin to avoid massive devaluation of our earnings. If it weren't for those currencies it wouldn't worth saving a penny.
5457  Economy / Economics / Re: The Downfall of TSLA on: May 29, 2021, 08:08:49 PM
Tesla has a very good marketing and makes investors' eyes shine with all the promises being constantly made, always focused in the future and new technologies they claim to be superior to their competitors. For Tesla everything is valid to impress the public. They are good on what they do, even if it's just illusionism and propaganda it works.
I think to say Tesla is overpriced is a waste of time, because if the market gives it that value, it's because investors see potential on it. Potential that they aren't seeing on another companies of the same niche. So another cars manufacturers have to expand their horizons and promote features that will migrate Tesla's investors to themselves. The weak point of Tesla are the prices, so to explore this aspect is already a good beginning for competitors...
5458  Bitcoin / Bitcoin Discussion / Re: Do you know this early Bitcoin adopter? on: May 29, 2021, 07:15:07 PM
Lucky guy, he was on the right place on the right time. Many people now regret not having adopted bitcoin on those good times. Well, now everything we can do is to expect bitcoin has much more to show yet and take the risks like this guy did in 2013. In financial market past events can never be used as guarantee for next events, but as we are talking about a young, innovative and hyped market the chances are still good for bitcoin.
Although once mass adoption starts, I would refrain from investing with the same confidence I have at the currently moment. Early adopters are always the most benefited ones.
5459  Economy / Gambling discussion / Re: Would you bet on Medieval MMA? on: May 28, 2021, 06:26:43 PM
Probably most people don't know a championship where players team up wearing medieval armors and wielding real weapons like swords, axes and halberds to fight against another teams exist nowadays, but it does. The event exists since 2013 and already counts with the participation of 26 nations which send a team of your own to the competition. Each year the championship is executed in a different country and there is already an International Federation responsible for it (International Medieval Combat Federation)

Would you have interest in betting in a sport like this and promoting it, so it could become more popular until being included in gambling's platforms?


As someone who is really interested in history i like that kind of "sports" or events and i also watched the TV-Show "knight fight" a little bit. But I wouldn't bet on it at the moment, because the sport is still too small and too unpopular and therefore no or only very little money can be earned with it. This then automatically means that the participants are much more receptive to any attempts at bribery. If the sport gets bigger in the future though then of course it would just be as good as any other sport to bet on it.
We are not really getting back in time for us to deal up again with these medieval kind of sports which should supposed not to be revived but since its already there then there are people whom do really get interested on this one.

This would only interest out into those countries which does have this kind of history when it comes to those past or ancient wars that is part of their past and the rest would really be seeing
this as a shit one (this is only my impression though)

Asking if i would bet? For sure there are no bookies wouldnt really give out some line if it isnt really that popular enough.
Yeah, usually countries which have a historical participation in medieval times are more susceptible participating and promoting the event, especially european countries. It looks like Ukraine and Russia armies are very strong teams. But there aren't only european countries on the competition. USA, Mexico, South Africa, Argentina, Brazil are also there.
Ironically, even not being part of medieval times, USA has also a very strong team.

I would not, and I do not think it makes sense.

I never participated but for sure I have seen on tv and on documentaries and the problem with this type of fights is they is a big risk of people throwing the match.

Nobody plays very seriously to not get injured and most people are just there for fun and there are no big rules (you get hit you must fall down).
I think you are misunderstanding it. This championship isn't like those fights where people use foam swords and clubs to fight each other and once you hit someone anywhere on their body, they must lay down. The fights presented here use real weapons made of steel and iron. And players are only eliminated if the opponent manages to knock they down through physical confrontation. So players must play seriously and have a lot of resistance to tolerate real solid weapons striking against their legs, heads, etc...
5460  Economy / Economics / Re: Debate: Please explain to me why... on: May 28, 2021, 05:14:16 PM
I believe it's purely speculation which determines the increasement in altcoins' price following bitcoin's trend. It's a signal the market is optimistic and investors start putting their money into crypto currency in general, not only bitcoin. Probably it's a strategy to diversify their funds and increase their chances of holding an altcoin that might rise percentually superiorly to bitcoin on short run.
Some people call it altcoin season, however I believe such thing doesn't exist, because the whole market is driven by bitcoin's fluctuations.
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