Fate is like destiny, it is inevitable to happen whatever you do. Unlike in gambling, when you lose control during losses and try to recover it then you will end up with more loss. Meanwhile when winning if you lose control, the house will get it back if you will get greedy. Fate has only one inevitable result while luck is either 50/50 of good or bad so I don't really relate fate in gambling. People often justify that it is their fate to lose in gambling to lessen the pain.
Actually, in games based 100% on luck almost everyone is destined to lose then, because you can't defeat the house on long run with less winning chances than the casino. Since the gambler has 2% or 1,5% less winning chances than the house, the long run loss is inevitable. Very few players are able to overcome the natural *fate* of gamblers by hitting the jackpot on short run, but these are very few exceptions. |
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Politics my friend, the art of trickery and deceitfulness... It's like the government confiscated all the bicycles of the country and suddenly they told you: well, we didn't forbid anyone from riding a bycicle, we just confiscated all of them...
It makes no sense, right? But there must be a hidden reason behind all this nonsense that will become very clear soon. So keep watching the next episodes.
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Lockdowns and increasement in coronavirus cases impact the traditional economy negatively. So wouldn't this be positive for bitcoin, as it is a way for people protect their money against a weak national currency? Furthermore as you said, US is going to raise taxes on citizens, what also incentives people to put their money in crypto currency.
So why would these facts affect bitcoin negatively if they have already affected btc positively previously?
Things never remain the same, mate. They change. Continuous lockdowns are not just affecting the economy but will also bring a lot higher inflation ratio than a common man is facing today. Do you believe that people will just "keep investing" in BTC and hodl till they die? Won't they sell when they'll see their needs becoming their depression? That's when BTC will experience the negative impact of pandemic. And yeah FYI, those taxes are possibly coming over crypto to hit it huge by attracting a bigger part of your profits into their treasuries. A weak national currency? $1 will be worth $1 because it IS a $1 bill but the value of BTC changes a lot, so whenever they'll feel that they need their so-called "weak currency" in paper, they'll have no choice but to sell their BTC. What else have they got? I understand everyone needs fiat to survive, as that is the only way to purchase basic goods needed in our daily life and to pay for services, but I don't think millionaires and billionaires are going to cashout their btc investments for this reason. They can just keep the minimum needed in fiat for daily expenses and move the rest to bitcoin, to protect it against inflation. I think that is what we have seen since last year. A lot higher inflation turns 1$ into a worthless amount of money. 1$ will be always worth 1$, but this 1$ is never going to be enough to buy tomorrow the same thing you bought today. On the other hand with bitcoin it's quite the opposite. So it makes no sense to hold large amounts of fiat, especially during this pandemic crisis with high inflation, unless investments in US are going to be very rentable against inflation(that was a reason pointed on the internet to justify why btc would become weaker now, as potential investors are interested in US economical scenario). |
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Bitcoin had been dancing a lot between $54k-$60k, and about the price, I think I'll undoubtedly say that we'll not be getting under $50k again soon because the network hashrate, total wallets, Bitcoin's hodling v/s selling, all have gone so far so high in number and whenever that happens, BTC sees spike in its value.
I believe I'll have to change my words here because I have seen the exact same pattern being built on the charts that we've seen during the 2017-18 crash period. I've also created a thread explaining why I believe that BTC could go back to under $45k after checking a few important facts that weren't drawn to my attention 2 days ago. I'm not overconfident with this but this scenario will definitely happen before we see a new ATH and I highly doubt BTC will get back to $62k again till next year because lockdowns have started and cases are increasing too, with a negative news from US is circulating that they'll be adding higher taxes to the books of their citizens who are currently taking advantage of the stimulus. So whenever it gets into implementation, I highly doubt BTC will remain stable here and believe me, if it won't, this correction will be one of the worst corrections ever witnessed. Lockdowns and increasement in coronavirus cases impact the traditional economy negatively. So wouldn't this be positive for bitcoin, as it is a way for people protect their money against a weak national currency? Furthermore as you said, US is going to raise taxes on citizens, what also incentives people to put their money in crypto currency. So why would these facts affect bitcoin negatively if they have already affected btc positively previously? |
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But at the same time it is so sad, 100 millions should be more than enough for you and several generations of your family even when living in extreme luxury, I do not know why those people do not get a financial adviser to help them, even if you invested in something that only gave 4% per year and you only withdrew 2% that is more than 2 million per year and even more importantly this will mean the money will last until you die and still have a lot of it for your children.
Sometimes, those people are confused to manage their money, especially for the win money, and they tend to buy the things that they do not need exactly. Maybe they really need a financial adviser to help them manage their money, but maybe they need to learn how to manage their money if they cannot get it. It will not be hard to do if they want to allocate the money to save money for their children. That will need more efforts to manage it, but that is worth it for them, as they will not want to see their win money will not last in the short term. Those winners need to recognize their limitations, there are two ways in which they can receive their prize money, the first is as a lump sum which is the most popular option but the other is to receive just a part of the prize every single year for a few decades, while this is not as attractive this by default will mean that you will be rich for decades without doing anything and yet those winners do not accept it and then go bankrupt or even kill themselves by living in luxury. I prefer to receive all of the prizes at one-time because I do not know if the casino will still operate or close in the near. If I can get all of the money, I can use it for something that can benefit me, and I am sure that money can cover all of my bills for some years. I will try to take care of the money and trying to enjoy the money with my family and always prevent something that I do not want. The key to enjoying the winning prize is how we can manage the money for our life, and we can try to allocate that money in the right place. Of course. Who would be fool to receive the money fractioned in parts yearly? This way the casino/lottery is actually making profit for themselves with the money which actually belongs to the jackpot winner. The best choice is to receive the whole prize at once and start investing a large part of it instantly in different ways, so the gambler won't suffer from financial difficulties never more in his life. |
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To grow crops efficiently we need to have access to affordable materials to build modern infrastructure. No one should rely in climatic perfect conditions to grow crops nowadays as we have the possibility of building greenhouses with hydroponics integrated. This way we are protected against drastic climate changes, parasites and animals which could damage the crops and due to hydroponics the crops are ready for harvest much faster than through traditional methods.
The issue is that the costs of building a system like this are too expensive because these materials must be imported. Furthermore it's a risky investment, as we don't know if there will be enough demand on the market.
And I don't think to create a token is going to help farmers to solve this issue, as we have already many coins disponible here with the same characteristics of a potential brand new created one.
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Well There are some who thinks that Satoshi might reach a Dollar each and if that happens meaning we are able to gain hundred folds from our Faucet income lol.
There are faucet that still gives 10 satoshi per hour , and that would be a great chance to accumulate now.
I remember 5 or 6 years ago the worse faucets paid 100 satoshis per claim (some without time limit) and there were really good ones paying 1000 or 2000 satoshis per claim every few hours at least. You could easily make 0,001 btc or 0,002 btc daily on those days, what would value right now about 55$ or 110$ dollars daily without any effort! But to have each satoshi pricing 1$ dollar, bitcoin would need to hit 100,000,000$. It's too much, however it could happen on long long run... |
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I think the same, at the moment it is not good to go out with only FUN tokens, on another platform you can do staking, Freebitco.in may have an idea that can benefit hodlers, many complain because it is not yet seen that it reaches a high price , but internally they can do many good things, previously it was simply to wait every hour to be able to hit the roll, also multiply them, the fact that they now have sports bets is because they have grown steadily, the tokens must have their good purpose. I also bought tokens, and for now I am seeing it as a long term investment, it may be very long term, it is the best strategy.
Yes, it doesn't matter if you are sure about that but i saw on coinmarketcap the trading volume decreased by 42% within 24 hours hope this isn't a bad signal And for Market Cap so far so good $399,279,178 for FUN today, this could increase if the freebitcoin team had a new promotion. I think volume increasing or decreasing shouldn't matter, people approach fun token like it is a coin you invest into, and that is what has been talked a million times here that a wrong approach to it for sure that people should not be looking into. Reality is that we are not after getting fun tokens and selling it when it is high, that is not the point, that is not what freebitco.in suggest you should do neither, they are giving you all the chance in the world to make as much money as you want from holding it. So assuming you got as much as possible, and hold it as long as possible, you are going to make more money from that than the money you spent on fun token, at that point why would it matter if fun token worths zero and you can't withdraw it, you are already profiting more than you invested, so the point is to buy and hold fun tokens as much as you can. I understand that when the token is monitored, it is logical that when the volume of capitalization decreases an alarm is generated, what happens is that with the token it can be taken into account just like when BTC came out for the first time, there was a very large community of enthusiasts where they only sought the development of technology, some because they associated their feelings and they liked it more, they did not care that it could become a speculative instrument, one of the greatest of all time, some even prefer it more than gold, And there are still that type of enthusiasts, in the same way I think about the fun tokens of freebitco.in, maybe right now it will not be seen that it will rise like other projects, but we are still in a stage of the market where the Altcoins season has not started. Therefore, if we have a thought on the investor side, we have to take into account that we can wait as long as necessary to obtain benefits (in the speculative market) if we see it in benefits within the platform, it can be many. depending on what you decide to add on freebitcoi.in As the full potential benefits of FUN token are achieved by holding them for at least one year, I think it's pretty normal the trading volume is going to decrease, especially after the diminishment of the trend caused by Freebitco.in's announcement which lead the purchases of FUN. To keep the trading volume stable, there must be always new investors acquiring FUN for holding purposes, what is very hard to happen. Anyway the most important is what you said previously: it is a long term investment, and once the time comes investors will be rewarded, doesn't matter the trading volume. |
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In past times when there wasn't crypto currency, the lone bettor possibility didn't exist for many gamblers. Without crypto gambling sites we had to compete with other people in real life, betting in sports results through fiat currency. But now I don't see this necessity anymore. A gambler can play from anywhere, alone, since he has an internet connection and with the advantage of having more balanced odds regard sports betting.
On the other hand, if I had some good friends who enjoyed gambling maybe I would change my mind.
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It is unbelievable that governments insist on restricting gambling and the argument is always the same: "people can become addicted, people will spend everything they have and they will not win anything ..." but governments do not limit beers which are things that harm many people (the number of car accidents keeps increasing and most of the time car accidents are due to people being drunk and driving a car)
my point with this is that we have this good action that this gambling site did, but governments should let people start being responsible for their money and not stifle gambling with so many rules and laws
Well, now I guess this is a huge slap to this government body's face. Lotteries from different countries for sure has helped the people during this time of crisis. Now, what this gambling firm has done is enough to make them realize the importance of the charity gambling firms and lottery. Nevertheless, this is such a good move from this gambling firm. Not only does the government and the people are benifiting from these, but them as well. When compared to gambling with liquor (beer), what is more dangerous is beer because if it is excessive it will result in commotion, crime and even casualties because you cannot control yourself due to the influence of alcohol and can harm others. Gambling will generate money that can help financially and gambling will only lose or win which will not have fatal consequences in an instant as well as the risk of becoming a personal addict that does not harm others and there will be a process that can still be overcome if there are signs. Casino or lottery, if agreed, will benefit various parties and a small part to charity for those in need because of the pendemi. Anything that is in excess, is not good. So it is the responsibility of the gambler to look after himself. And if he needs professional help, he can always tap the establishment as they know where to get help from. Gambling institutions can easily generate money even during this pandemic, so it is a good source of income. So instead of banning them, let them operate and just get something from them. In that way, they are helping both to survive in this crisis. And besides, no matter what, gambling will always be there. So why not extract money from them in legal way? That should be the approach by every countries, but unfortunatelly many of them insist in classifying gambling as an illegal activity. These governments don't see the potential of generating revenue taking money from the rich, as they are the main big rollers, to give to those in need, through their own free will gambling and not through abusive taxations which discourage rich people to stay in the country. |
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but sometimes a thought crosses my mind that will these conditions last longer and better in the future?
Bitcoin will last until a better option is offered. Nothing lasts forever in this world and it won't be different with bitcoin, although I think it will take a long time yet until bitcoin becomes useless. We didn't even reached the peak and fully adoption yet. The future looks very optimistic for bitcoin. Many people are already aware about this fact and that is why we see so much interest in bitcoin nowadays, reflected on the currently currency's price. |
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Are muslims forbidden from lending money or from practicing usury? Because these are two different things. Usury is related to abusive loans interest that will prejudice the borrower, but not all loans work this way. There are fair deals which benefit both sides, the lender and the borrower, and staking is one of them. - As a lender you help someone who doesn't have money right now and as reward you earn some percentage over the total sum;
- As a borrower you have instant money to develop your business or project, consequently making money for yourself through it and using part of your profit to repay the loan.
Without a loan many people wouldn't have money to start their businesses. And without a lender there wouldn't be money to be borrowed. So I think it's precipitate to classify lending or staking as usury. It's quite the opposite: by lending you are actually helping people to turn their plans into reality. |
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Keep in mind bitcoin adoption takes a lot of time to happen. We won't see all kinds of services accepting crypto currency overnight.
To live without banks will be possible someday, but to think you could live in society without an ID is daydream and I think you are already going too far...
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You need to pay attention to what leads the growment of the *bubble*. In my opinion it's bitcoin which leads everything in this market. While bitcoin is doing well all these altcoins are fine, so just be attentive to bitcoin's price and news. Once bitcoin bull run ends, it's time to cashout your altcoins' profit, if you are a short run investor.
But if you want to invest on long run you shouldn't worry about bubbles.
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No, we cannot make social status balance where there is no one poor. You are correct sometimes it is not the lack of opportunity or knowledge that is the reason behind poverty, it is people being lazy and dependent on whatever they can get for free. Just imagine if everyone is rich and financially capable, no one will be working, there will be jo manpower, no one needs a job. I guess that is how the economy works. Even developed countries cannot solve poverty.
Machines will keep working. Poverty can be finished with technology. As technology is developed we need less and less human effort in order to acquire goods and services we need daily. Instead of human labor, machines replace it with efficiency. Furthermore, life becomes cheaper as we advance towards the future and I can mention alternative sources of energy as an example. They are freely generated! Of course lazy and pessimistic people will still face issues in life and there will be much richer people above them, but anyway the life quality of the poorest ones will be much better than now. History repeat itself: Look how was the life of the poorest ones centuries ago and how it is now. There is a significant improvement in life standards. |
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Also, how can we price everything in bitcoin? It is very volatile, a coffee today might be 0.2 of a coffee tomorrow hehe.
I believe it could be quite simple. It's all about how much the average wage is, so the products should value proportionally a reasonable and fair price. The main point is that an individual wouldn't lose purchasing power by saving money on long run. There wouldn't be an inflation eating your savings and there wouldn't be products increasing a lot in price often while your wage increases a little bit yearly. |
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It is weird to watch the republicans and right wingers try to make Biden look leftist, it is kind of funny. I am a true progressive, the ones that you call communist (no, I am not a communist, I am a progressive, there is a HUGE difference, I hate communist countries) and Biden is closer to you guys then to me, it is weird to see just because he is a democrat you guys think he is a leftist.
Of course taxes will be increased for people who do not work and just make tens of billions of dollars a year, not only that is a good thing, but many republicans wants that as well, taxes higher for them should mean taxes lower for you, that's the point of it, and I think Biden may increase taxes for everyone, rich or poor alike, and that is not something any progressive would want, why would I want a country where even the poor would pay high taxes? What is so socialist about that? I want a nation that taxes people who make 1+ billion dollars at a very very high rate, and people who make under 100k nearly nothing, that is what progressives want.
This is the eternal excuse that the democrats make. No one in the United States make "tens of billions of dollars" a year and if they do, then they will be intelligent enough to move their earnings to offshore tax havens. The details of Biden tax plan are already out and according to it there will be an increase in income tax for everyone who earns more than $400,000 per year. Now there is a huge difference between earning "tens of billions" a year, and earning $400,000 per year. Actually it's 400,000$ per family. If two individuals living together earn 200,000$ yearly each, there will be already a tax hike over them. During the campaign Biden told he wasn't going to increase taxes on people who earned less than 400,000$ yearly. But it looks like he and his team have already found a smart way to overcome this issue to include more people on their calculations, consequently increasing the revenue. It's like those pigs from *Animal Farm* Orwell's book. Always changing the past speechs and rules to adapt to the present personal needs. |
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At first glance when facing defeat in casino games sometimes I think that the error is caused by a bad internet connection, but this is not completely justified because every casino proven to be fair must have a specially designed system, when placing the desired amount of bets of course it will connected to the related casino site, so that the central system that works there is automatically not from the internet connection that we use
Thankfully bad internet connection will only delay the result of your bet, but the result itself would be the same even with a good internet connection. Just be careful to not place too many bets without receiving the results of the first bets before. Some gamblers may think the lag caused by bad connection isn't counting the bets, so they keep clicking on roll button insanely. This way the bets accumulate and the gambler receives all results at once later, what can unbalance the strategy and bankroll, being possible to lose money by a silly and avoidable mistake. |
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Every deed has an agenda. In this case, the support given by this gambling firm will be compensated in some sort exposure and advertisement by the Government. In addition, this support will definitely be in favor of this gambling firm in terms of their licenses and other technical requirements which would benefit them in the future.
Regardless, I see this as a win-win situation in both sides as both have favourable outcomes at the end.
Or maybe will there be any kind of discount on the taxes this gambling firm has to pay to the country's treasure? I can't assure about this case, but when companies like this make a humanitarian donation, the amount is discounted by the government on the next tax the company has to pay. As you said it's a win-win situation: the government give up some tax income, but on the other hand there will be less state's money going to charity and welfare programs. But on this particular situation I suspect the government is behind this action, because the lottery is national. Probably a government's monopoly. |
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Personally for me bitcoin is being much better than fiat. I just keep using fiat because I'm forced to do it in order to have access to daily products and services. If it was possible I would fully adopt bitcoin as currency while protecting my patrimony against btc volatility by buying properties or valuable goods and assets like gold for an example.
For me it's enough to conclude bitcoin is the best since to save fiat makes you lose the value of your money on short, medium and long run. It's insane how people accept this fact without major complainments.
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