I don't know about buying at 57K. One guy on another forum predicted that the BTC price will drop down to 53K. There's plenty of reasons why the Bitcoin price dropped in the last few days. 1.The BTC halving FOMO phase is over and many investors want to sell and cash out the profits. 2.The selling pressure would trigger lots of stop loss orders, which pushes the price to lower levels. 3.The investors, who want to buy the dip most likely would wait for a even lower price, so there won't be a fast price recovery back to levels above sixty thousand dollars anytime soon. Anyway, I feel a little bit of regret that I didn't sell more BTC at 70K USD several weeks ago.  |
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Given that units in the Bitcoin system are not created as debt, nobody needs them, and thus, they contain no value. They are empty. Often, people say that Bitcoin is simple and thus better than a complex banking system that manages fiat currencies. But of course Bitcoin is simple given that it manages empty units. Fiat currency units represent debt and managing debt is complex. It includes credit assessments, collaterals, foreclosures, repossessions, etc. And this requires resources, both material and human. With Bitcoin, a guy just wrote a protocol that tells people: "You have 10 BTC units", "you have 0.5 BTC units", "you have 50 BTC units", etc. But units of what? Units of a company ownership? No. Units of something tangible like a precious metal? No. Units of something intangible like patents, copyrights or software licences? No. In the Bitcoin system people have units of nothing. Units that are empty. That is why it is so simple. Managing empty units is simple. Just like it would be managing empty envelopes and packages in our hypothetical crypto-post. Spending huge amounts of energy on such a system is extremely dumb. Paying huge amounts of money just to hold empty units of that system is extremely dumb as well. That's why Bitcoin is the dumbest thing ever invented. So you think that debt creates value? Congratulations, you have created an entirely new theory of economy and finance. So fiat money represent debt and that's why they have value? What kind of debt? Do you think that you could go to a commercial bank(or central bank) and exchange your precious fiat money for gold? Good luck with this. Fiat money aren't backed by anything. Bitcoin/crypto isn't backed by specific assets as well, but the difference is that Bitcoin is deflationary by design and fiat money are designed to lose value(because of the money printing, that is being done by the central banks). Nobody is forcing you to use BTC, but your government is forcing you to use fiat money as the legal tender. |
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not sure if a thread about it has been posted here. anyway, recently videos are being recommended to me by YouTube and it is about a 2V1 MMA fight, at first I was curious and thought about how would this work and how unfair it would be for the 1 guy but to be honest I find the fight intriguing and enjoyable. now I am curious, do you think this type of fight would be popular in sportsbooks? to be honest, I think this could get popular if enough hype is put into it. if anyone is curious here's the most recent fight that I have watched https://www.youtube.com/watch?v=RyfQRhGwcRkI guess that MMA is slowly turning into WWE wrestling(but I hope that it won't be made up like the American wrestling so called "fights").  Maybe soon we will see 2 versus 2 fights or even everyone versus everyone fights. The rules can be changed for entertainment and marketing purposes. At the end of the day, MMA is more like an entertainment business rather than a real sport. I don't see MMA fights getting included in the Olympics anytime soon. A 2vs.1 fight seems very unfair, but it would be interesting to see a 1vs.1vs.1 fight. That would be weird to watch and it should definitely be included in the sports betting platforms. |
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Markets need war? What war are you talking about? World War III? Another regional war? There's a huge difference between a global war and local war. Money printing will continue with or without a war, because the USA can't pay it's national debt and cover it's budget deficit without printing money. I hate all the fear mongering and all this speculation about "a war is coming, sell everything" type of FUD. I'm 99% sure that there won't be a World War III and the wars in Ukraine and Gaza will come to an end probably after one or two years. The global financial system will keep printing money until it collapses and I'm not sure that Bitcoin/crypto is going to save us from this collapse.
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This month the miners rewards were cut in half due to the halving. At the same time fees skyrocketed due to increased volume as a result of the introduction of Runes. I think you would have to conclude that ordinals which include Inscriptions and Runes were introduced to increase the transaction fees to offset the loss in revenue to the miners because of the halving that just occurred. It was no accident that Runes were launched on the day of the halving.
There are a couple of key points to consider: First, If miners can change Bitcoin to increase the fees is Bitcoin really decentralized? Second, and most importantly, do these increased fees help bitcoin to be a better form of digital cash? I think that you are getting into a conspiracy theory here. Can you prove that the BTC miners openly support the Runes and Ordinals? If you can't prove such connection, then you are clearly speculating. The BTC miners were doing just fine in the last few months, when the transaction fees were normal. I don't think that they would try to ruin the blockchain by adding useless stuff like the runes and ordinals. And no, the miners cannot "change Bitcoin". Lets assume that the miners are using runes and ordinals transactions to boost the transaction fees on the blockchain. Wouldn't they have to pay higher tx fees as well? |
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I've seen many young people from the minorities to visit land based casinos in my country. The young people from my ethnicity aren't that active in offline gambling, maybe most of them are playing online. I can also assume that the middle aged people also prefer online gambling.
The old men in my country prefer sports betting and I've seen several old women playing slot machines in a land based casino.
Usually the old women prefer lotteries instead of hardcore gambling(poker, blackjack, roulette) or sports betting.
There's no way for me to tell which demographic is dominant, when it comes to gambling.
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Is this guy above 18? I can assume that he is below 18, since his father is saving money for him.
It would be a total joke, if that guy is a grown ass man and his father is saving money for him. Being a "manchild" is absolute cringe, but the parents have to be blamed for their kids turning into immature and irresponsible adults.
Giving lots of money to a teenager is a recipe for disaster. The father made a mistake by giving access to the bank account to his son.
I would never find myself in a situation like this, because my father is dead and my mother doesn't get a big enough pension to save money for me.
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Cristiano Ronaldo, a world-renowned footballer facing a class action lawsuit is uncalled for.
Bringing financial damages to his followers by aiding and abetting Binance’s fraudulent practices.
Binance doesn't really care about anyone's status or image but it portfolio and how to make his exchange boom, they knew Ronaldo who has more than 850 million followers across several social media platforms will go along way to make it business boom that's why they signed a multi-year contract just to promote unregistered crypto securities.
And these unregistered crypto securities promoted by Ronaldo caused a 2,5500% increase in celebrity NFT searches by his followers and the rest of the world.
whereby making Binance grew by nearly 5000%.
1.I don't think that Binance had put a gun next to Ronaldo's head and forced him to sign a contract. Obviously he voluntarily agreed to such deal, because he wants money. 2.Are you suggesting that Binance grew by nearly 5000% mostly because of Christiano Ronaldo was promoting them? I don't believe this. 3.AFAIK, the promotion of NFTs isn't illegal in most countries around the world. Maybe it will become illegal in the future, but nobody can be held responsible for promoting something that is completely legal. Ronaldo's followers(and everyone else) must deal with caution when it comes to centralized crypto companies, NFTs and other pump and dump shitcoin projects. When you are financially irresponsible, blaming someone else for your poor financial decisions won't change anything. |
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The online crypto casino business is highly competitive, which reduces the profit margins significantly. Imagine having 10 crypto casinos instead of 1000 crypto casinos. The profit margins generated by 10 crypto casinos would be 100 times higher than the tiny profit margins generated by 1000 crypto casinos. That's how capitalism works. The capitalists are investing in the industries with higher profits, which eventually drives the profits down. I don't know which one is the most profitable online business, but the online casinos definitely aren't Number 1. Online gambling might be at the top 3 most profitable online businesses, because the online casinos have various tricks of legally taking away funds from their customers. |
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I have a friend who lost a huge amount of money to gambling, and returning home that night, he lied to his wife that he was robbed, when the woman (being suspecious) asked why he was not beaten by the robbers, he got angry at her and almost beat her that night 🤣. Why would the robbers steal your money and beat you at the same time? Seems like a waste of energy for nothing. Just kidding. I never had to lie to my friends and family about my gambling habits, mostly because I'm a pretty moderate gambler. All types of addicts start lying to their friends and relatives in order to cover their addiction. The only time I lied to my parents was back in high school, when I wasn't going into class because I wanted to play poker with my friends(but we didn't use money to bet, so this can't be considered gambling). This is my only lie related to a gambling game, but I didn't bet actual money back then. |
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Question on BTC and other cryptos
This is from being in Canada.
I was wondering if there is a way to further invest with my BTC and other cryptos without and being in legal terms. As in ways that would not be considered a taxable event.
I know crypto to fiat and doing trades now is consider taxable.
Even staking?
What other ways can I further invest with my cryptos without it being a taxable event? Thanks
I guess that you are talking about capital gains tax. AFAIK, buying Bitcoin/crypto isn't a taxable event. Selling BTC/crypto is a taxable event(if you sold at a higher price than you bought). If you are seeking advice about how to conduct tax evasion, then this forum isn't the right place. Just find a tax accountant in your country and ask him. The other solution is to just move to another country with liberal tax laws and less taxes, or use offshore companies that are registered in "tax heaven" jurisdictions. I live in a country, where there's no capital gains tax, so I'm pretty much OK with my crypto holdings here. I don't know if this is going to change in the future, though. |
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A society without classes, private ownership, and where resources are shared by all.
So if you own a house and a car(and other material possessions), you will have to share them with everyone else? Really? Good luck with this. Sharing all your possessions for free with random strangers, friends and family, even people, who hate you? Is that what you mean by "no private ownership and resources shared by all"? I'm sure that this will work out without any problems. What could possibly go wrong? The human society has classes and social stratification since the beginning of the human civilization. Communism cannot change this. Resources are limited and sharing them for free would lead to a dramatic drop in efficiency and productivity, which would lead to mass poverty, so everyone will become equally poor(except the privileged class, that will govern a communist society). |
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I can assume that this gambling addict had enough money to keep buying all those scratch cards.
Will this initiative help in fighting gambling addiction? I don't think so. Most hardcore gambling addicts wouldn't care about such initiatives.
Most gambling addicts have the "I will make a huge win and this will compensate all my loses!"" mentality, which is kinda delusional.
I agree that all those "winning is easy" gambling advertisements are misleading as f*ck. In my country, the government owned national lottery is being advertised on TV with the same "wining is easy" ads, which is totally annoying. Sports betting TV ads are also allowed, but I think that this will change soon and there will be a ban for gambling ads on TV/radio.
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Moreover, one can argue that some software developers find that blockchain is a bad data structure. I mean, a blockchain does have features for its original purpose to solve the double-spending problem in a distributed system, but for general computing or development of distributed applications, it's better to use something else. I agree with this, but do you really think that changing the name from "blockchain" to "timechain" would change anything? You can call the blockchain however you want, but that doesn't change all the advantages and disadvantages of this protocol. Why don't you call it "chronochain" instead of "timechain"? Just like the term "crypto" is coming from the ancient Greek language, maybe you could use "chrono" instead of "time". All the crypto supporters are using the term "blockchain" for more than 10 years and this cannot be changed by anyone. OP, why don't you make another forum thread titled "I don't like the term Bitcoin."? |
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The bitcointalk forum is comprised of diverse people from all over the world. Our countries' must have gone through inflation as a nation at least once or more since its history. As a refresher, inflation happens when the prices of goods and services rise and people can no longer afford those items because the country's money almost becomes useless. But is inflation needed? Why can't we just keep the currency at the same value? And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead. Is inflation a ploy that the government uses so people don't get rich off of savings?
The richest countries around the world have the biggest national debts. They have to print more money(dollars, euro, etc.) to pay their debts. Imagine what will happen if the richest countries stop with the money printing and they don't have enough money to pay their debts. A global default would most likely put and end to inflation, but it will cause a new Great Depression, with massive waves of companies and banks going bankrupt and millions of people losing their jobs. With that being said, I think that inflation has become kinda necessary for the rich countries. |
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I've never bet on any online game other than fortune tiger (very little), I want to try something new, but I also want to learn about sports betting and stop just supporting my football team. Don't worry, if I'm going to bet, it will be after having studied the subject a lot and listening to opinions and recommendations from each answer in this thread. When I have time, I do research on casinos and sports betting, but what I find is too obvious and impractical, and when I ask my friends at work for advice, they only recommend slot games like fortune tiger. Please recommend non-slot casino games that are fun and have interesting odds. OP, this is the second time you mention the game "fortune tiger" in your forum threads. I have never heard anything about that game and I don't know why do you keep mentioning this game in your posts. Are you trying to promote this "fortune tiger" game or something? There's no "least risky" game in a casino. Casino games are supposed to be "risky" by design. You could minimize the risk by making smaller bets. Why do so many gamblers associate sports betting with casinos? Some casinos offer sports betting, but I think that sports betting should be distinguished from the traditional casino gambling games. Skilled based games, focus on those games. I categorized, sports betting, poker and blackjack on that area.
However, I have my personal favorite, I like sports betting and I think I have a decent chance of winning here alhough I haven't achieve it yet. It should start by believing in yourself and once you enjoy what you are doing , then it will be easy for you to develop yourself by finding the right startegy that will work long term. Try to do more research too, because betting is not about how you feel or emotion based but it shoudl be based on your pure analysis which your skills will be measured.
Blackjack isn't a skill based game. It's luck based. Poker is probably the only skill based casino game. |
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I agree with your statement. "Crypto" means "hidden" and there's nothing hidden in Bitcoin's protocol and blockchain. They are transparent.
Unfortunately, the word "crypto" is easy to remember and it became widely adopted as a term. Maybe that's why I feel a little bit cringe every time the mainstream media mentions "crypto" or "cryptocurrencies". All the cryptocurrencies are digital currencies and maybe the term "digital currency" is better than "cryptocurrency", even though digital fiat money and CBDCs are also included in this category.
Anyway, I don't think that term "crypto" is ever going to be replaced by something else.
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The world has gotten to that point in which every product should have a particular price is been sold for.
A product that is been sold for $5 in USA should also be sold for $5 in Canada and China, this way it will help the world leaders to remove hunger in the world, it will also help grow the economy of every country because countries can buy product from one another at a better price, this method will really help in reducing suffering in the world because hunger is one of man's major problem.
The world leaders should sit and implement this policy every product will be given a price that will be comfortable to every common man in different countries of the world.
You should read more books about economics and finance before making such forum posts. The prices of everything aren't determined by "world leaders". The prices are determined by supply, demand and production costs. Please explain to me how a product that has the same price in USA, Canada and China would help in removing hunger around the world? This doesn't make any sense to me. There's hunger in Africa because the agriculture there is pretty primitive and the population keeps growing. A "world price tag" won't solve this issue. More investments in African agriculture would most likely solve the problem, but nobody wants to invest in Africa. |
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Diogo Jota got injured, Cody Gakpo was missing, because his wife was giving birth. Nunez started missing goal opportunities again(this is his main problem). The weirdest thing was Salah being completely blocked by the Everton defenders. Luis Diaz missed the best goal opportunty for Liverpool and the players simply gave up. Everton was stronger and more motivated to win and this victory will help hem keep their place in the Premier League for the next season. Sean Dyche is a really good manager and he deserves to lead a bigger team.
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Another privacy enhancing tool goes down the road. Apparently, the governments use everything in their disposal to undermine the users' privacy. Samourai team had recently announced that they were developing a decentralized version of whirlpool, using the Soroban network. It could be the case that they foresaw their own disappearance. Was Samourai wallet a "privacy enhancing tool" or was it a money laundering tool? Or maybe it was both? It's funny how some people start whining about "the government taking away our privacy" every time some crypto mixing service gets banned/shut down for doing illegal stuff. I guess that some people think that the ability to conduct money laundering schemes and other illegal activities online is an integral part of their online privacy. Just get a Monero wallet and start using Monero. Why do we have to care about coinjoin/mixing services? |
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