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5481  Bitcoin / Bitcoin Discussion / Re: Crypto has become the rich man's playground... on: May 22, 2021, 10:16:01 PM
Yes, you are right. But why this is happening? Who helped them to play? Both answer is "we the Crypto investos, holder and traders". Because we follow every richest person. If they tell anything then without judging we follow them. For this reason they can make hype easily among us. And they take advantage of this. I think we should unfollow them. If we do so then the rich mans cant play with Crypto.
In the end it's all investors' fault, because no one was forced to sell bitcoins and help the whales to dump the market, nevertheless investors did it for fear of loss or just because they wanted to follow the big investors and influencers' steps. Unfortunatelly few investors who think outside the box aren't enough to stop the crash that is caused by investors who move the biggest chunks of money in crypto market and their sheep.
All we can do is to hold and wait until the market starts recovering again. I would like bitcoin didn't need these big investors to be able to rise, but that is just impossible.
5482  Economy / Speculation / Re: Love Elon for Tesla and space exploration but forget about him about bitcoin on: May 22, 2021, 05:53:20 PM
Now I ask myself if he is really serious about space exploration or if it's just another joke or bluff to increase the attention received and value of his company and his own fortune. What he did to bitcoin wasn't an act of someone who claims to be a visionary who thinks on the future. There is no problem in not endorsing bitcoin like many people do, but what Musk did was treachery. He surfed in bitcoin and crypto's wave for a long time, endorsed it in all possible means, adopting bitcoin in the end. And only after this he reached to the conclusion bitcoin was bad. Roll Eyes

In my opinion Elon Musk proved to be a dangerous person and I would avoid him maximum as possible.

5483  Alternate cryptocurrencies / Altcoin Discussion / Re: What percentage of investment BTC vs ETH on: May 22, 2021, 04:11:37 PM
80% bitcoin and 20% ethereum looks a good customization for me. The problem with crypto investors is that they want 500% over their initial investments nowadays, so they don't want to invest in bitcoin anymore (or even ethereum) and put all their money in altcoins hoping to get rich overnight.
The problem with this strategy is the huge risk, similar to investing in a ponzi scheme. If the potential returns are too impressive to be made in a short time period, the risk of losing all this money is high as well. That is why I prefer a currency like bitcoin, which gains value slower compared to its pairs, but that keeps its value after reaching higher levels.

Ethereum is also an interesting option, that is why I would reserve 20% of the portfolio for it. But must be careful with another altcoins.
5484  Alternate cryptocurrencies / Altcoin Discussion / Re: I lost all my crypto gains this not fair! on: May 22, 2021, 03:03:05 PM
I remember when bitcoin crashed from 19,000$ to 3000$ and many investors were fearful about crypto currency's future and regretful about their own choices. And now look where bitcoin is. With all the corrections and difficulties presented at this currently moment, it's still doing much better than its ATH years ago.
If you are a long run investor and picked solid crypto currencies to invest you shouldn't worry, because the market will recover sooner or later and it will affect your investments positively. During a correction or a crash it's better to forget your coins for a while in a safe place, otherwise you might become crazy by following all these short run fluctuations.
5485  Economy / Gambling discussion / Re: Why the martingale system sucks! (doubling down on losses) on: May 22, 2021, 05:36:13 AM
^ Probably but Martingale's strategy has been created not to become a winning strategy, that is true. This method does not apply anywhere and is depending on what situation you are currently in. It will only be effective when you knew that you are already losing often now and you want to recover quicker than you used to be. Most of the gamblers use this method not even knowing that this has a name. And this is effective if you have your bank secured. Nevertheless, I won’t recommend this if you only gamble for fun and trying out games.

Whaaaaat?
The most epic nonsense post from all what I've seen by this week.

1. What sense in such strategy if it's not about "winning"?
2. How mathematical probability depends on "what situation you're currently in"? If I'm in bad situation, then Martingale will better fit for me or not?  Grin
3. "recover quicker" but wasting all your money with Martingale? Martingale isn't working so I doubt that you can recover even small amount of funds with it.
4. Most gamblers don't use this method. So they no need to know how it called.
5. I won't recommend it in any case if you don't want just to waste all your money in few spins.
Why nonsense? Martingale really doesn't guarantee profitability (winnings) on long run, but it can help you making profit for a while. If you are lucky and know when to stop, it's possible to make some profit thanks to this strategy. Martingale looks bad, but playing without martingale can be worse. Or maybe is there a better method to play I am not familiar with?
You lost once and you are going to double the bet amount if you are following the strategy then you may lose again since you didn't have luck with the first bet so probably the same goes with the second bet which means you are losing more than how much it supposed to be, so its a strategy may work mathematically but really sucks in the reality and there is no such thing called winning strategy.
Yes friend, I know about it. But my doubt is what strategy to use instead of martingale?

Because I see everyone blaming martingale, but no one indicates a better method to be used.
5486  Economy / Gambling discussion / Re: Why the martingale system sucks! (doubling down on losses) on: May 21, 2021, 10:58:00 PM
^ Probably but Martingale's strategy has been created not to become a winning strategy, that is true. This method does not apply anywhere and is depending on what situation you are currently in. It will only be effective when you knew that you are already losing often now and you want to recover quicker than you used to be. Most of the gamblers use this method not even knowing that this has a name. And this is effective if you have your bank secured. Nevertheless, I won’t recommend this if you only gamble for fun and trying out games.

Whaaaaat?
The most epic nonsense post from all what I've seen by this week.

1. What sense in such strategy if it's not about "winning"?
2. How mathematical probability depends on "what situation you're currently in"? If I'm in bad situation, then Martingale will better fit for me or not?  Grin
3. "recover quicker" but wasting all your money with Martingale? Martingale isn't working so I doubt that you can recover even small amount of funds with it.
4. Most gamblers don't use this method. So they no need to know how it called.
5. I won't recommend it in any case if you don't want just to waste all your money in few spins.
Why nonsense? Martingale really doesn't guarantee profitability (winnings) on long run, but it can help you making profit for a while. If you are lucky and know when to stop, it's possible to make some profit thanks to this strategy. Martingale looks bad, but playing without martingale can be worse. Or maybe is there a better method to play I am not familiar with?
5487  Economy / Speculation / Re: About time it crashed on: May 21, 2021, 07:37:15 PM
Bitcoin pretty unstable right now, fighting bravely to stay in 40,000$ level, but the market keeps pushing it down to 36,000$. It looks like bitcoin is going to hit 33,000$ support level again soon. Now it's time to keep watching the fluctuations so we can reach to a conclusion if bitcoin is going to stabilize, rise again or enter into a deep bear disgusting season. So far it's not possible to say what is going to happen yet.
Institutional investors card revealed to be a big trojan horse and I don't expect to count with this to see bitcoin pumping again. A different positive and innovative event is needed to boost bitcoin's price.
5488  Bitcoin / Bitcoin Discussion / Re: I don't find any flaws for BTC except this one... on: May 21, 2021, 04:44:25 PM
...we don't know who Satoshi really is. Does it matter? Yes it does. It makes a big difference.

Because if Satoshi is Elon Musk or the government then we are all being fooled and BTC may not be what we're hoping for. I'd be extremely disappointed myself and I'd probably sell everything the next minute.

I am a huge BTC supporter but sometimes the thoughts above scare me. Maybe we're living an experiment.
It's unlikely, so far I have no reasons to doubt bitcoin's legitimacy. But even if you are right, we can do nothing about it. It's not possible to have sure if we are being manipulated, or if bitcoin's creator is member of a centralized organization, so it's a pointless discussion that will lead to paranoia only. The most important here is that you are satisfied with bitcoin fulfilling your objectives and needs daily.
Moreover governments are too busy thinking about their own centralized crypto currencies and businessmen too worried about creating or promoting their own shitcoins. They don't act like they were involved with bitcoin somehow.
5489  Alternate cryptocurrencies / Altcoin Discussion / Re: Have you heard about another meme crypto "StopElon"?? on: May 21, 2021, 03:36:17 PM
Dev wallet 5% + marketing 5% = total tokens controlled by the dev

that means the correct calculation if the dev was holding around 10% from the total supply. Shit another money grabber. People are getting triggered to put their money on this coin.

The dev has a bad experience with its old project called fuckelon. I will avoid to deal with this shit.

For me this is a scam coin. Totally useless coin.
Just imagine if it's actually Elon Musk who is behind this new currency profiting from his own haters. That would be the real meme coin without any doubts. Grin

If investors want to teach a lesson to Musk, the best they can do is to buy bitcoins right now and forget about shitcoins.
5490  Economy / Gambling discussion / Re: What's the motive behind the anti gambling campaign on: May 21, 2021, 02:42:23 PM
Besides, it's their choices to play gambling, however, their logic seems not working because after they lost their money in gambling, they will ask help to their local Government for food, how ironic.
Yes, many people rely on their governments to guarantee their basic needs nowadays because they are very poor and/or because they are unable to manage their finances correctly in a sustainable way on long run. But it doesn't happen only with gamblers. I see many people who have more children they can afford to sustain, alcohol and drugs addicted, all of them taking money from the government.
So it's actually not an issue caused by gambling, instead it's caused solely by human irresponsibility. Anyway it's really an absurd situation because who is giving free money to these people isn't actually the government, but the other citizens who sustain the government.
5491  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You Want Tesla To Accept Doge? on: May 21, 2021, 02:00:12 AM
whatever we have experienced We lived because of Tesla, Elon Musk and Doge. everything happened because of them. now I get angry when I see the words tesla, doge and elon musk. I am very surprised how they managed to stay in the forefront and be so harmful. we glorified them and made mistakes. They did nothing but damage this market. And it doesn't concern me anymore whether the tesla accepts doge or not.
I agree. I really don't care if Tesla accepts doge or bitcoin anymore. People and companies which are constantly changing their opinions aren't trustworthy, so personally I think it's better to stay away. Tesla and its owner have already done too much damage to crypto market that I think it's a big mistake to put them and any crypto currency on the same phrase.
5492  Economy / Speculation / Re: Catalyst for recent bitcoin dump on: May 21, 2021, 12:39:15 AM
I think it's not possible to deny this dump was mainly caused by Elon Musk, because it's a fact right after he tweeted Tesla was going to stop accepting bitcoin as payment method and that bitcoin is harmful to the environment, bitcoin price started crashing. Of course he wasn't responsible for the entire crash, but it was him who started the fire.
After seeing such news, speculators sold btcs as well, to take the opportunity for extra profit, but already thinking about buying the dip, like always. But it's important to emphasise the cause which triggered the crash was Elon's tweet.
5493  Economy / Gambling discussion / Re: What's the motive behind the anti gambling campaign on: May 21, 2021, 12:04:10 AM
Why would it affect you though? You are just a player and most anti-gambling campaigns are targeted mostly on the gambling businesses that profits out of the "irresponsible" gamblers that you are saying. The taxes that the gambling industry is heavily written off so I don't think that we are going to be happy about that too.
Even if he's just a player it could still potentially affect him because just like what OP said the media focuses on the losers and it's only going to encourage the government to do something about it. While that's true the government are making money off gambling they will still look for ways to limit gambling when possible. Iirc Australia has one of the biggest average loss per gambler and they're starting to curb gambling by making it illegal.
Furthermore anti-gambling campaigns turn the common opinion of the society against gamblers. People start seeing them in a wrong way, as all gamblers were sick, irresponsible, mentally ill or unstable, because that is the portrait of gamblers exhibited in propagandas, movies, soap operas, news... When we see negative representations of gamblers' behavior on those campaigns, we never see an attached disclosure message pointing out that only a small percentage of total gamblers are actually problem gamblers. They represent the situation luring the public to believe every gamblers are addicted and impulsive individuals.

So it's accurate to suppose gamblers feel offended by such campaigns.
5494  Economy / Gambling discussion / Re: Fully vaccinated individuals now spared of masks in the casinos in Vegas on: May 20, 2021, 08:57:35 PM
Am not a doctor in any way but these vaccines we have today, I thought they aren't 100% effective against the corana virus and hearing(reading) about how fully vaccinated individuals are allowed in these public spaces without masks makes sad reading because they aren't helping the situation.

I understand these lock downs, stay in doors are requests we can't get used to, but you are responsible for your well being best you avoid brick and mortar casinos and preferably play online if you have to.
They must be testing out the effectiveness of said vaccine and on why they do come up into this kind of decision which i dont see for to be ideal at all.

Even myself wouldnt really much trust even if myself had already vaccinated and im not really that much confident that you wont really get infected once you go out
without having a masks.

You wouldnt know if you would not be infected or not unless you do get the virus for yourself.Lets see on how this thing turns out on several months or even on just days.
In my country there are cases of people who got the two doses of the vaccine and still died due to coronavirus. So I wouldn't go back to normal life as the threat were finished just because there is a vaccine. I would especially avoid visiting closed places like land based casinos, full of unknown people entering and exiting all day long. The authorities must be really testing the effectiveness of the vaccines since they removed the previous restrictions, that were a lot more severe. But I think they are risking too much.

On the other hand, probably there was a lot of pressure from casinos to reopen, because many employees were fired out and others weren't being paid due to the lockdown. So these people are desperate to start working again as their families depend on it.
5495  Economy / Speculation / Re: I speculate Tesla has sold their coins on: May 20, 2021, 07:02:19 PM
I wouldn't agree that this can only be done once, so a man has more than 54 million followers on Twitter who don't mind what he does - they just adore him and are starting to look more like a weird religious community that will do anything for his dear leader. He did it in the past with his shares, he paid some kind of fine, but that didn't stop him from doing even worse things when it comes to cryptocurrencies - I wonder why the SEC isn't reacting now, because if this isn't more than obvious manipulation of the crypto market, then I don't know what else should happen.
No, it is not possible to repeat. Look at John McAfee. Do you think if he came back and started praising bitcoin anybody would even pay him any attention? No, people will ignore him that is also why he isn't back ever since his 2017 scams. It is the same with Elon Musk, if he comes back and starts praising bitcoin again, even if he accepts bitcoin payments at Tesla again, people will still ignore him because of his scams. His reputation is already ruined among bitcoiners.

Agreed. Read all of the hateful replies in his tweets hehe. He will be ignored, however, he cannot entirely be ignored. John McAfee is cocaine addicted former CEO. Elon Musk is still presently a billionaire who is a CEO of a company who holds $1.5 billion in bitcoins. The threat of a dump is always there.

This is Elon’s latest tweet about bitcoin. Can he be trusted?

Tesla has diamond hands

https://mobile.twitter.com/elonmusk/status/1395027147161489412
Elon Musk will keep bluffing from now on pretending to be the main catalyst of crypto universe in hope whales follow his unstable thoughts daily. It can't last too long, because sooner or later people will get tired of his nonsense. Investors must be already aware a guy like Elon is dangerous for their own crypto investments, as he just worries about himself and won't think twice before sacrificing someone's else investments if he can take an advantage of it, even if it's needed to subvert the facts to achieve what he wants, like he did using the bitcoin mining excuse to dump the market.
5496  Economy / Gambling discussion / Re: Man lost £20,000 in one night after becoming addicted to online gambling! on: May 20, 2021, 05:21:37 PM
I think it's not about the amount but we can all learn from his mistakes, as gamblers you should always consider the worst effects and not just consider and dream about the good impact or profit that will be obtained.
The amount is still huge and that's why it matters but you're correct that the effects of our actions when we gamble should be considered. The effects vary and probably the impact of it depends also on the amount that we lose. And if we're just like OP and we've lost that in an instant within a single night, I know what I'll be feeling by that time. That would be a nightmare to me that I won't forget. Maybe if the time that I get old, I'll remember it and would just make fun of it but while the days are still near to that exact event which I've lost that amount, it would put me most of the time in bad setting and mood.
Indeed. But this gambler, as any other who also has lost big, have no other option than recovering the gone money through healthy methods like working and investing. For a first world country's citizen like him I think it must not be so hard to earn 20,000 euros in a year or so. I just hope he has learned an important lesson with this loss and that he overcome his addiction with the help of his family members who already know about the situation.
As if he can recover that much mentally after losing that within a single night. It's easy to say some solutions to people like him because we're not in his position. But it's hard for him to absorb all of those suggestions because he's still in the mode of shock and disappointment. We're sure that he's going to recover in the future with those means like just going back to normal life and having himself focused in other ways like what you've said like investing. Although we don't have an idea how long he's going to do it and will able to conquer that bad feeling he's experiencing.
Self-pity, victimization or blaming the casino and gambling don't solve any problems. There is no easy solutions, but potential solutions are only going to get harder if the gambler get focused on the pain. Money comes and go all the time and nobody should get too attached to it. It's different than losing a beloved person: the amount you lose today, you can recover tomorrow or even more since you set your mindset on this direction.
Good and positive thoughts attract energies of the same kind which help us solving our problems in different areas of our lives, that is what I believe.
5497  Economy / Gambling discussion / Re: Dubai's Government and Gambling on: May 20, 2021, 04:46:06 PM
Yes, UAE is considerably the most open country in the ME region.
But still, they are following their Islamic law, where any form of gambling is strictly prohibited.
They are respecting all other religions, but in terms of government laws, they abide what they called Islamic law.
Maybe, in time, they will be open to this kind of activity. Remember, they are hosting some boxing fights already.
For sure, they know, there are betting activities involved in this sports.

It has been already pointed out. Gambling is allowed in Muslim countries such as Morocco and Albania. So you can't really claim that Muslim countries can't allow gambling. Whether UAE wants casinos in their territory or not, is up to them to decide. But the bans don't work anymore as the gambling is moving to online interfaces from casinos and other physical outlets. Even if the government bans gambling, how can they make sure that the citizens are not accessing the gambling sites through a VPN?

Albania is not a Muslim country, it is a secular country. 50% percent of practitioners in a specific country do not automatically make that country follow the rules of that religion. Morocco, yes, there you are right, it is not a secular state, and the fact that they allow gambling is in fact remarkable. However, one swallow does not make a summer, and something being allowed in one place will not make for a simple change in another.
Maybe Morocco friendly stance towards gambling is due to the french influence in the 50's, when the country was under the european country's control and had the first casino opened in their territory. Another muslim countries didn't absorb the foreigner influences in the same way, and prefered to fully stick with their local culture and traditions.
Anyway it's interesting how a country with 90% of its population belonging to muslim religion operates casinos. Probably they focus on tourists to make the industry profitable there. I believe in the future UAE will go through the same way, because these countries need income to survive and oil isn't going to be profitable forever.
5498  Other / Off-topic / Re: Slapping Tournament on: May 20, 2021, 03:32:15 PM
I will never understand the point of this "sport".It is fun to watch but I wonder how these guys do not get mad after so many slapping and start an even more brutal fight.Even ladies do this and I found it ugly for women to beat each other.
Lol, this is somehow a boxing sport, if you are asking about how these guys do not get mad after so any slapping and start an even more brutal fight then try to relate it in the sports of boxing, why boxers don't get mad after the fight? This is because of sportsmanship, you wouldn't be a good athlete if you have no sportsmanship, they are doing these for entertainment and for the money as well. Respect each other by giving sportsmanship when losing.
Yes, there are so many sports involving fight: boxing, wrestling, mixed martial arts (mma), slapping, judo, muay thai and so many other regional sports categories... All these sports schools are conducted by experienced tutors and master who teach their apprentices to respect the adversaries in every situations and to not use their fighting skills outside the tournaments and matches for trivial issues.
There are some problem sportsmen who don't take these rules and guidelines seriously, but they are the minority and suffer the consequences in sports industry for their bad behavior. So definitelly they aren't going to get mad on each other, because they will have their careers prejudiced later for doing so.
5499  Economy / Gambling discussion / Re: Man lost £20,000 in one night after becoming addicted to online gambling! on: May 20, 2021, 03:02:54 AM
I think it's not about the amount but we can all learn from his mistakes, as gamblers you should always consider the worst effects and not just consider and dream about the good impact or profit that will be obtained.
The amount is still huge and that's why it matters but you're correct that the effects of our actions when we gamble should be considered. The effects vary and probably the impact of it depends also on the amount that we lose. And if we're just like OP and we've lost that in an instant within a single night, I know what I'll be feeling by that time. That would be a nightmare to me that I won't forget. Maybe if the time that I get old, I'll remember it and would just make fun of it but while the days are still near to that exact event which I've lost that amount, it would put me most of the time in bad setting and mood.
Indeed. But this gambler, as any other who also has lost big, have no other option than recovering the gone money through healthy methods like working and investing. For a first world country's citizen like him I think it must not be so hard to earn 20,000 euros in a year or so. I just hope he has learned an important lesson with this loss and that he overcome his addiction with the help of his family members who already know about the situation.
5500  Bitcoin / Bitcoin Discussion / Re: Latest FUD from Elon Musk: Tesla Has Diamond Hands on: May 20, 2021, 01:32:44 AM
Diamond hands dumping DOGE -30% today and -26% on the last week, plus the whole crypto market bleeding intensively.

It looks more like dirty coal hands for me.

If he were so influent like he says I think the situation would be different. Especially because Musk announced his cooperation with Doge developers team to make improvements on the currency. As we can see this news didn't help Dogecoin in anyways.
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